Election and Remuneration of the Auditor

Bittium Investors

Election and Remuneration of the Auditor

(Updated April 10, 2024)

The Company shall have one (1) auditor that has qualified as Certified Public Accountant and if the auditor is not an auditing company as defined by the law, one (1) deputy auditor shall be elected. The term of office of the auditor expires at the end of the following Annual General Meeting.

PricewaterhouseCoopers Oy, authorized public accountants, was elected, in the Annual General Meeting held on April 10, 2024, auditor of the company for a term of office ending at the end of the next Annual General Meeting. PricewaterhouseCoopers Oy has notified that Mr. Sami Posti, APA, will act as the principal auditor. It was decided that the remuneration to the auditor shall be paid against the auditor´s reasonable invoice.

The auditor´s fees in 2023 amounted to EUR 111,000 (EUR 102,000 in 2022). Of the aggregate fees, EUR 87,000 was attributable to auditing (EUR 91,000 in 2022), EUR 10,000 to tax advice (EUR 7,000 in 2022) and EUR 14,000 to other services (EUR 4,000 in 2022).

Election of the assurance firm for the Corporate Sustainability Reporting

The audit firm PricewaterhouseCoopers Oy be elected for the assurance of the Corporate Sustainability Reporting for a term ending at the end of the next Annual General Meeting following the election. PricewaterhouseCoopers Oy has announced that APA Tiina Puukkoniemi will act as the principal assurer.