Huhtamäki (HUH1V) AGM 2023 summary

Opening remarks and agenda

• Meeting held in Helsinki on April 27, 2023; adopted the 2022 annual accounts, discharged the Board, CEO and interim Deputy CEO, and approved all Board and Nomination Board proposals.

• Approved the Governing Bodies’ Remuneration Report and amended Remuneration Policy.

Board and executive committee updates

• Confirmed a nine-member Board; re-elected Pekka Ala-Pietilä, Mercedes Alonso, Doug Baillie, William R. Barker, Anja Korhonen, Kerttu Tuomas and Ralf K. Wunderlich; elected Pauline Lindwall and Pekka Vauramo as new members through the next AGM.

• Re-elected Pekka Ala-Pietilä as Chair and Kerttu Tuomas as Vice-Chair.

• Anja Korhonen chairs the Audit Committee; Doug Baillie chairs the Human Resources Committee, with committee membership confirmed after the AGM.

• Set annual Board remuneration at EUR 170,000 for the Chair, EUR 80,000 for the Vice-Chair and EUR 65,000 for each other member; meeting attendance fee is EUR 1,500.

Shareholder proposals

• Authorized repurchases of up to 10,776,038 own shares, including directed repurchases, at public-trading or other market prices; authorization expires at the next AGM, no later than June 30, 2024.

• Authorized issuance of up to 10,000,000 new shares and transfer of up to 4,000,000 treasury shares, including directed issuances; authorization expires at the next AGM, no later than June 30, 2024.