Remuneration of the Supervisory Board and the Board of Directors

Remuneration of the Supervisory Board and the Board of Directors

Remuneration of the Supervisory Board

Pursuant to a decision of the Representative Council, the Chair and Deputy Chair of the Supervisory Board are paid fixed monthly remuneration and meeting fees. Other members of the Supervisory Board are paid meeting fees. Meeting fees are also paid for the meetings of the Supervisory Board's committees as well as for the meetings of Metsäliitto Cooperative's district councils. The members of the Supervisory Board are furthermore entitled to travel allowance pursuant to Metsä Group's travel instructions. The Chair and Deputy Chair of the Supervisory Board are voluntarily TyEL-insured (Finnish statutory pension system).

The monthly remuneration of the Supervisory Board's Chair is EUR 4,500 and Deputy Chair EUR 2,000. The meeting fee paid to the members of the Supervisory Board is EUR 1,000 (the meeting fee regarding the district councils' meetings is EUR 500).

Remuneration of the Board of Directors

Pursuant to the Supervisory Board's decision, each member of the Board of Directors is paid fixed monthly remuneration and meeting fees. Meeting fees are also paid for the meetings of the Board of Directors' committees. The members of the Board of Directors are voluntarily TyEL-insured (Finnish statutory pension system) and entitled to travel allowance pursuant to Metsä Group's travel instructions.

At a meeting held on 26 October 2023, the Supervisory Board decided to pay the following fees to the Chairman, Vice Chairman and members of the Board of Directors in 2024:

The monthly remuneration of the Board of Directors:

• the Chair of the Board of Directors EUR 12,000
• the Deputy Chair of the Board of Directors EUR 6,000
• members of the Board of Directors EUR 5,600

The meeting fee payable to the members of the Board of Directors is EUR 1,000. In addition, the Chairs of the Board of Directors' Audit Committee and HR Committee are paid separate monthly remuneration. The monthly remuneration of the Chair of the Board of Directors' Audit Committee is EUR 1,300 and the Chair of the Board of Directors' HR Committee EUR 1,100.

The Chair of Metsäliitto Cooperative's Board of Directors Jussi Linnaranta and Vice Chairman of the Board Mikko Mäkimattila are also members of Metsä Board Corporation's Board of Directors. The remuneration paid for board work in Metsä Board Corporation is available on company's webpages.