Mandatum plc, Stock exchange release, 11 December 2025 at 2:30 p.m. EET

The Board of Directors of Mandatum plc (the "Company") proposes, upon the recommendation of the Audit Committee, to the Annual General Meeting scheduled for 12 May 2026 ("AGM") that, based on a tendering of auditors, authorised public accountant firm Ernst & Young Oy be elected as the Company's auditor for the financial year 2026. If Ernst & Young Oy is elected as the Company's auditor, the firm has announced that Kristina Sandin, APA, will be the auditor with principal responsibility.

Further, the Board of Directors proposes, upon the recommendation of the Audit Committee, to the AGM that authorised sustainability audit firm Ernst & Young be elected as the Company's sustainability reporting assurer for the financial year 2026 should Mandatum plc be obligated to prepare a sustainability statement for the financial year 2026 in accordance with the Finnish Accounting Act (Fi: kirjanpitolaki, 1336/1997, as amended). If Ernst & Young Oy is elected as the Company's sustainability reporting assurer, the firm has announced that Kristina Sandin, APA, Authorised Sustainability Assurer (ASA), will be the principal authorised sustainability auditor. Should the Company not be obligated to prepare a sustainability statement for the financial year 2026, the Board of Directors may resolve to amend its proposal before the AGM.

Recommendations of the Audit Committee to the Board of Directors

Recommendation to the Board of Directors for the appointment of a statutory auditor

The Audit Committee of Mandatum plc has organised an audit firm selection procedure in accordance with Regulation (EU) No 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC (the "Audit Regulation") concerning the audit for the financial year 2026. The Audit Committee has arranged the statutory tendering of auditor, organised a statutory audit firm selection procedure and prepared its recommendation in accordance with the Audit Regulation.

In accordance with paragraph 2 of the Article 16 of the Audit Regulation, the Audit Committee shall submit its recommendation to the Company's Board of Directors for the appointment of a statutory auditor. As set forth in the Audit Regulation, the Audit Committee's recommendation shall contain at least two choices for the audit engagement and a duly justified preference for one of them, unless the recommendation concerns the renewal of an audit engagement.

The Audit Committee has requested and received four tenders in the tendering process. The Audit Committee has interviewed all four audit firms and evaluated them against a variety of customarily used selection criteria such as experience and composition of the audit team, conduct of the audit process, independency and cost-efficiency. The selection criteria were transparently communicated to all candidates in the selection process. The selection process included multiple rounds of information submissions, interviews and presentations by the candidates as well as external reference checks.

After careful consideration based on the selection criteria, the Audit Committee's primary recommendation for audit firm for the financial year 2026 is Ernst & Young Oy and the secondary recommendation Deloitte Oy.

The Audit Committee confirms that its recommendation is free from influence by a third party and that no clause of the kind referred to in paragraph 6 of the Article 16 of the Audit Regulation, which would restrict the choice by the AGM as regards the appointment of the auditor, has been imposed upon it.

Recommendation to the Board of Directors for the appointment of the sustainability reporting assurer

The Audit Committee has a task to submit a recommendation to the Company's Board of Directors for the appointment of a sustainability reporting assurer.

The Audit Committee recommends to the Board of Directors that authorised sustainability audit firm Ernst & Young Oy be elected as the Company's sustainability reporting assurer for the financial year 2026 should Mandatum plc be obligated to prepare a sustainability statement for financial year 2026 in accordance with the Finnish Accounting Act (Fi: kirjanpitolaki, 1336/1997, as amended).

Additional information:

Lotta Borgström
VP, Investor Relations
Tel. +358 50 022 1027
lotta.borgstrom[a]mandatum.fi

Niina Riihelä
SVP, Communications, Brand and Sustainability
Tel. +358 40 728 1548
niina.riihela[a]mandatum.fi  

Mandatum in brief
Mandatum is a major financial services provider, combining expertise in asset and wealth management and life insurance. Clients include institutional investors, companies and private individuals. Mandatum offers a broad range of services encompassing asset and wealth management, compensation and rewards, supplementary pensions and personal risk insurance. Skilled personnel, strong brand and proven investment track record are at the centre of Mandatum's success. The company has been listed on Nasdaq Helsinki since 2023. mandatum.fi/en/group/

Distribution:
Nasdaq Helsinki
Financial Supervisory Authority
Key media
www.mandatum.fi