Honkarakenne Oyj – Stock Exchange Release – Shareholders’ Nomination Committee’s proposals for the composition and remuneration of the Board of Directors

HONKARAKENNE OYJ Stock Exchange Release 30.1.2026 at 16:30

HONKARAKENNE OYJ’S SHAREHOLDERS’ NOMINATION COMMITTEE’S PROPOSALS FOR THE COMPOSITION AND REMUNERATION OF THE BOARD OF DIRECTORS

Honkarakenne Oyj’s Shareholders’ Nomination Committee has submitted its proposals for the Annual General Meeting to Honkarakenne’s Board of Directors. The Annual General Meeting is scheduled to be held on Thursday 23.4.2026. The company will publish the notice of convene the Annual General Meeting later.

Proposal on Board Composition

Shareholders’ Nomination Committee proposes to the Annual General Meeting that the number of members of the Board of Directors shall be four (today 4).

The Nomination Committee proposes that for the term of office ending at the end of the 2027 Annual General Meeting, the current members Maria Ristola (Vice Chair), Arto Halonen and Rose-Mari Saarelainen be re-elected as members of the Board of Directors and that Marko Saarelainen (CEO, Honkarakenne Oyj) be elected as a new member of the Board of Directors. Of the current board members, Timo Kohtamäki (Chairman) has announced that he is not available for re-election.

In addition, the Nomination Committee proposes that the Board of Directors elect Marko Saarelainen as Chairman of the Board from among its members. The Nomination Board has not considered the election of the Vice Chair.

The company has launched a search for a CEO. Marko Saarelainen will act as the company’s CEO until the new CEO takes office.

All proposed Board members have given their consent to the election. All of the proposed Board members are independent of Honkarakenne Oyj, but Maria Ristola, Rose-Mari Saarelainen and Marko Saarelainen are dependent on the company’s significant shareholders.

The current members of Honkarakenne Corporation's Board of Directors are presented on Honkarakenne's investor pages (https://sijoittajat.honka.fi/sijoittajat/hallinnointi/hallitus/). The CV of Marko Saarelainen, who is nominated as a new Board member, is attached to this release.

Proposal on Board remuneration

The Shareholders' Nomination Committee proposes that the remuneration paid to the Board members remains unchanged and that the Chairman of the Board be paid EUR 3,500 per month and the Board members EUR 2,000 per month. If the Board establishes committees from among its members, the committee members will be paid EUR 500 per committee meeting. It is also proposed that the members' travel and accommodation expenses be reimbursed against a receipt.

Composition of the Shareholders' Nomination Board

The Shareholders' Nomination Board consists of representatives of the four largest shareholders, determined on the basis of the ownership situation on 31 August 2025. The members of the Nomination Committee are Veera Saarelainen (Saarelainen Oy), Arimo Ristola (AKR-Invest Oy), Marko Saarelainen (representing himself) and Kyösti Saarimäki (representing Arimo Ristola).

Honkarakenne Oyj’s Chairman of the Board, Timo Kohtamäki, served as an expert member of the Nomination Committee. He did not participate in the decision-making of the Nomination Committee when the Nomination Committee decided on its proposals for members of the Board, discussed the Board’s remuneration or made a proposal for the Chairman of the Board.

HONKARAKENNE CORPORATION

Board of Directors

For further information:

Chairman of the Board Timo Kohtamäki, tel. +358 40 585 3113

CEO Marko Saarelainen, tel. +358 40 542 0254, marko.saarelainen@honka.com

DISTRIBUTION

NASDAQ OMX Helsinki Ltd

Financial Supervisory Authority

www.honka.com

Honkarakenne Corporation manufactures high-quality, healthy and ecological detached houses, holiday homes and public buildings from Finnish solid wood under its Honka® brand. The company has delivered 90,000 buildings to over 50 countries. The house packages are manufactured in Finland, and the company's own factory is located in Karstula. In 2024, the Honkarakenne Group's turnover was EUR 36.7 million, of which exports accounted for 29%. www.honka.fi