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        10.4.2026 at 18:00

NEW PROPOSAL BY HONKARAKENNE OYJ’S SHAREHOLDERS’ NOMINATION COMMITTEE ON THE COMPOSITION AND REMUNERATION OF THE BOARD OF DIRECTORS

The Shareholders’ Nomination Committee of Honkarakenne Oyj has reconvened to prepare a new proposal for the composition of the Board of Directors for the Annual General Meeting, following the announcement by Marko Saarelainen that he is not available for membership of the Company’s Board of Directors due to his appointment as President and CEO of Honka Japan Inc.

In addition, the Company has received a notification from Saarelainen Oy stating that it will withdraw from the Shareholders’ Nomination Committee. The Company has invited Honkarakenne’s fifth-largest shareholder, Kalle Saarelainen, to join the Shareholders’ Nomination Committee.

Composition of the Shareholders’ Nomination Committee

As of 10 April 2026, the members of Honkarakenne Oyj’s Shareholders’ Nomination Committee are:

• Arimo Ristola, appointed by AKR-Invest Oy
• Marko Saarelainen, representing himself
• Kyösti Saarimäki, representing Arimo Ristola
• Kalle Saarelainen, representing himself

At its organizational meeting held on 10 April 2026, the Nomination Committee elected Arimo Ristola as Chair of the Committee. The Committee invited Honkarakenne Oyj’s Chairman of the Board, Timo Kohtamäki, to serve as an expert member of the Nomination Committee.

Proposal on Board composition

The Shareholders’ Nomination Committee proposes to the Annual General Meeting that the number of members of the Board of Directors be increased to five (5) (currently four).

The Nomination Committee proposes that, for the term of office ending at the close of the 2027 Annual General Meeting, the current Board members Arto Halonen and Rose‑Mari Saarelainen be re‑elected as members of the Board of Directors, and that Jouni Grönroos, Kai Koskinen and Kari Saarelainen be elected as new members of the Board of Directors. Of the current Board members, Timo Kohtamäki (Chairman) has previously announced that he is not available for re‑election. In addition, Maria Ristola has announced that she is no longer available for membership of the Board of Directors. Furthermore, the Nomination Committee proposes that the Board of Directors elect Jouni Grönroos as Chairman of the Board from among its members. The above proposal is also in line with the views of Saarelainen Oy.

All proposed Board members have given their consent to the election. Of the proposed Board members, Rose‑Mari Saarelainen and Kari Saarelainen are dependent on the Company’s significant shareholders. The other proposed members are independent of Honkarakenne Oyj and of its significant shareholders.

Proposal on Board remuneration

The Shareholders’ Nomination Committee proposes that the remuneration paid to the Board members remain unchanged. The Chairman of the Board would be paid EUR 3,500 per month and the other Board members EUR 2,000 per month. If the Board establishes committees from among its members, committee members would be paid EUR 500 per committee meeting. It is also proposed that the members’ reasonable travel and accommodation expenses be reimbursed against receipts.

Additional information

The proposed Board members will be presented on Honkarakenne Oyj’s Annual General Meeting 2026 investor website no later than during week 16.

HONKARAKENNE OYJ

Marko Saarelainen

CEO 

For further information: CEO Marko Saarelainen, Tel. +358 40 542 0254, marko.saarelainen@honka.com.

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Financial Supervisory Authority
www.honka.com

Honkarakenne Oyj manufactures high-quality, healthy and ecological log homes, holiday homes and public buildings under its Honka® brand from Finnish solid wood. The company has delivered 90,000 buildings to over 50 countries. House kits are manufactured in Finland, the company's own factory is located in Karstula. In 2025, Honkarakenne Group's revenue was EUR 37.2 million, of which exports accounted for 25%.  www.honka.fi