Annual General Meeting 11 April 2022

Annual General Meeting 11 April 2022

Notice is given to the shareholders of Nurminen Logistics Plc to the Annual General Meeting to be held on Monday, 11 April 2022 at 1:00 p.m. at the address Satamakaari 24, 00980 Helsinki. Shareholders of the company may participate in the meeting and exercise their shareholders’ rights only through advance voting personally or using a proxy representative, as well as by posing counterproposals and questions in advance in accordance with this notice and other instructions given by the company. It is not possible to attend the Annual General Meeting in person. Instructions for the shareholders are described in the Annual General Meeting notice in Section C (“Instructions for the participants in the Annual General Meeting”).

The Board of Directors of the company has resolved on extraordinary meeting procedures pursuant to the temporary legislation (375/2021) approved by the Finnish Parliament on 7 May 2021. In order to prevent the spread of the COVID-19 pandemic, the Annual General Meeting will be held without shareholders’ and their proxy representatives’ presence at the venue of the meeting. This is necessary to ensure the health and safety of the company’s shareholders, personnel and other stakeholders and in order to hold the meeting in a predictable manner and ensure that shareholders have equal opportunities to participate in the meeting whilst ensuring compliance with restrictions imposed by authorities, as in force from time to time.

Nurminen Logistics – Minutes of the Annual General Meeting 2022 – Execution copy

Notice to Nurminen Logistics Plc’s Annual General Meeting

Financial Statements and the Board’s Report on Operations 2021

Corporate Governance Statement 2021

Remuneration Report 2021

Proxy Form for the AGM 2022

Data Protection Statement for the AGM 2022

Advance voting form for the AGM 2022

Notice of attendance and advance voting for the AGM 2022

CEO review

QUESTION:

Have performance criteria been applied to the share bonus paid to the CEO and, if so, are the metrics used publicly available? Does the company currently have a performance-based short- or long-term compensation plan in place?

ANSWER:

Performance criteria have been applied to the share bonus paid to the President and CEO. The company has published a stock exchange release on the share reward on December 18, 2020. The announcement on the share-based payment plan states the following: the plan has one earning period, which begins on January 1, 2021 and ends on December 31, 2021. The company’s Board of Directors has determined the earning criteria and targets of the plan. The CEO receives the company shares as a reward if the targets set by the Board are achieved. The potential reward of the plan is based on Nurminen Logistics Group’s operating profit (EBIT) for the financial year 2021 and the total return on Nurminen Logistics Plc’s share. After the end of the earning period, the reward was paid partly in company shares (774,386 shares) and partly in cash (EUR 1,247 thousand). The cash portion covers taxes and tax-like fees falling due to the CEO.

The company’s Board of Directors has not yet approved a performance-based short- or long-term compensation plan for 2022.