Resolutions of the Annual General Meeting of Componenta

The Annual General Meeting of Componenta Corporation, held on 1 April 2016, adopted the financial statements and the consolidated financial statements for the financial period from 1 January to 31 December 2015 and discharged the members of the Board of Directors and the CEO from liability concerning the financial period. In accordance with the proposal of the Board of Directors, the General Meeting resolved that no dividend shall be distributed for the financial year ended 31 December 2015.

The number of the members of the Board of Directors was resolved to be six. The General Meeting resolved to re-elect Olavi Huhtala, Olli Isotalo, Perttu Louhiluoto, Riitta Palomäki, Matti Ruotsala and Tommi Salunen, all currently members of the Board of Directors, as members of the Board of Directors for the following term of office.

In its organization meeting held after the General Meeting, the Board of Directors elected Matti Ruotsala as the Chairman of the Board and Olavi Huhtala as the Vice Chairman of the Board. In the same meeting the Board of Directors re-elected Riitta Palomäki as the Chairman and Tommi Salunen and Olavi Huhtala as members of the audit committee. All members of the audit committee are independent of the Company and its significant shareholders.

The General Meeting resolved that the annual remuneration payable to the Chairman of the Board shall be 60,000 euro and the remuneration payable to other members of the Board of Directors shall be 30,000 euro. In addition, the members of the committees of the Board of Directors will be paid 5,000 euro. Travel expenses of the members of the Board of Directors shall be compensated during the financial period from 1 January to 31 December 2016 in accordance with the Company’s travel policy.

The General Meeting elected Authorised Public Accounting firm PricewaterhouseCoopers Oy as the Company’s auditor.

The minutes of the General Meeting will be available on Componenta’s website at www.componenta.com as of 15 April 2016, at the latest.

Helsinki, 1 April 2016

COMPONENTA CORPORATION

Harri Suutari
President and CEO

For further information, please contact:

Harri Suutari
President and CEO
tel. +358 400 384 937

Markku Honkasalo
CFO
tel. +358 10 403 2710

Componenta is a metal sector company with international operations and production plants located in Finland, Turkey, the Netherlands and Sweden. The net sales of Componenta were EUR 495 million in 2015 and its share is listed on Nasdaq Helsinki. The Group employs approx. 4,250 people. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers, who are manufacturers of vehicles, machines and equipment.