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Board of Directors' proposal

Board of Directors' proposal to the Annual General Meeting

According to the financial statements for 2013, the parent company’s distributable profits total EUR 569,677,245.72 of which net loss for the financial year accounts for EUR 46,983,206.37.

No material changes in the company’s financial standing since the end of the financial period, nor does the solvency test, as referred to in Section 13(2) of the Finnish Limited Liability Companies Act, affect the proposed distributable profits.

The Board of Directors proposes to the Annual General Meeting that no dividend to be distributed and EUR 569,677,245.72 retain in the shareholders' equity.