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Corporate Governance

Olvi plc’s Corporate Governance Code

ADMINISTRATION OF OLVI PLC

Olvi plc has a one-tier management structure. The statutory bodies consist of the General Meeting, Board of Directors and Managing Director. The company does not have a Supervisory Board. Olvi plc’s Management Group assists the Managing Director in operational tasks. The Management Group comprises the directors of the various functions: sales and marketing, brand and communications, financial management, production, product development, human resources and customer service functions.

The mutual relations, responsibilities, authorities, duties and operating methods of the sector managers and the personnel employed by the company have been constructed within the framework set by law to guide and direct the business and administration in a way that increases shareholder value.

Olvi plc’s Corporate Governance Code

The company complies with the Corporate Governance Recommendation for Listed Companies issued by NASDAQ OMX Helsinki Ltd, Finland Chamber of Commerce and the Confederation of Finnish Industries as valid from time to time, explaining any departures. Olvi plc has complied with the recommendation since it entered into force in 2003.

Until the end of 2015, Olvi plc has operated in compliance with the Corporate Governance Code for Listed Companies published by the Securities Market Association that entered into force on 1 October 2010. In its reporting for 2015, the company partially complies with the new Corporate Governance Code approved by the Securities Market Association that entered into force on 1 January 2016.

Since the beginning of 2016, the company has complied with the Corporate Governance Code that entered into force on 1 January 2016 with adaptations. The company describes departures from the Code in its annually published Corporate Governance Statement.

Olvi plc’s management and their related parties comply with the guidelines in the Market Abuse Regulation ((EU) No 596/2014, “MAR”) regarding the disclosure of business transactions.   Guidelines on managers’ transactions.

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