PROPOSAL ON AMENDING ARTICLES OF ASSOCIATION

 

The Board of Directors proposes to the Annual General Meeting to be held on 22 March 2018 that section 9 § of the Articles of Association is amended as follows:

Current 9 § Auditor: The company has one regular auditor who must be approved by the Central Chamber of Commerce. The auditor's term of office ends at the close of the first Annual General Meeting following election.

New 9 § Auditor: The Company has one auditor that shall be an audit firm referred to in the Auditing Act with a KHT certified auditor acting as the auditor with principal responsibility. The auditor's term of office ends at the close of the first Annual General Meeting following election.

 
Vantaa, 15 February 2018

 

EXEL COMPOSITES PLC
The Board of Directors

Exel Composites Oyj, Vantaa head office, Mäkituvantie 5, FI-01510 Vantaa, Finland