Componenta Corporation Stock Exchange Release 16 April 2020 at 12.05

The Annual General Meeting of Componenta Corporation, held on 16 April 2020, adopted the financial statements and the consolidated financial statements for the financial period from 1 January to 31 December 2019, approved the Corporation Remuneration Policy, and discharged the members of the Board of Directors and the CEO from liability concerning the financial period.

Dividend payout

In accordance with the proposal of the Board of Directors, the General Meeting resolved that no dividend shall be distributed for the financial period ended on 31 December 2019.

Board of Directors

The General Meeting resolved that the annual remuneration payable to the Chairman of the Board shall be 50,000 euro and the remuneration payable to other members of the Board of Directors shall be 25,000 euro. In addition, the members of possible committees of the Board of Directors will be paid an annual remuneration of 5,000 euro. Travel expenses of the members of the Board of Directors shall be compensated in accordance with the Company's travel policy.

In accordance with the proposal of the Shareholders' Nomination Boad, the number of the members of the Board of Directors was resolved to be four (4). The General Meeting resolved to re-elect Harri Suutari, Anne Leskelä, Harri Pynnä and Petteri Walldén, all currently members of the Board Directors.

In its organizational meeting immediately following the Annual General Meeting, the Board of Directors elected Harri Suutari as the Chairman of the Board and Anne Leskelä as the Vice Chairman of the Board.

Auditor

The General Meeting elected Authorised Public Accountants PricewaterhouseCoopers Oy as the company's auditor. The Auditor with principal responsibility is APA Samuli Perälä. The auditor is remunerated according to the invoice approved by the company.

Amendment of the Articles of Association

The General Meeting resolved to amend the Articles of Association of the company so that section 2 will stipulate as follows:

"2. Field of Business

The company's field of business is to manufacture and sell engineering and foundry industry products and to engage in activity related to these as part of Componenta Corporation. In order to carry on its activities, the company may grant securities, guarantees and loans to its group companies and affiliated companies. The Company may offer administrative, financing, accounting and other services to its group companies and affiliated companies, and trade in securities and practice other investment activitity."

Minutes of the meeting

The minutes of the General Meeting will be available on Componenta's website at www.componenta.com as of 30 April 2020, at the latest.

COMPONENTA CORPORATION

Sami Sivuranta
President and CEO

For further information, please contact:
Sami Sivuranta, President and CEO, tel. +358 10 403 2200
Marko Karppinen, CFO, tel. +358 10 403 2101

Componenta is a technology company which specializes in supplying cast and machined components to global manufacturers of vehicles, machines and equipment. The company's share is listed on Nasdaq Helsinki.