Citycon (CTY1S) AGM 2022 summary

Opening remarks and agenda

• AGM held in Espoo on 22 March 2022 without in-person shareholder or proxy attendance due to COVID-19; shareholders voted in advance.

• All Board proposals to the AGM were approved.

Financial performance review

• 2021 financial statements adopted; Board members and CEO discharged from liability for FY2021.

Board and executive committee updates

• Eight directors re-elected through the close of the next AGM: Chaim Katzman, Yehuda L. Angster, F. Scott Ball, Zvi Gordon, Alexandre Koifman, David Lukes, Per-Anders Ovin and Ljudmila Popova.

• Annual fees set at EUR 160,000 for the Board Chair, EUR 70,000 for Deputy Chairs, EUR 50,000 for other directors and an additional EUR 5,000 for committee chairs.

• Meeting fees set at EUR 800 for committee meeting chairs and EUR 600 for other Board and committee members; Board Chair receives no meeting fees.