Remuneration of the Board of Directors

The General Meeting may decide to use one or more ways of compensating the Board, such as cash payments and shares. The remuneration paid to the Board may consist of several components, such as a fixed base salary and meeting fees. The level of compensation paid to Board members may vary depending on the amount of work so as to take account of the member’s position as a chair or vice chair, or their role in a Board committee. Members of the Board of Directors are paid travel expenses in accordance with the Company’s practices.

Members of the Board of Directors are not employed by the Company or its Group companies, nor do they act in an advisory capacity. Members of the Board of Directors are not entitled to employment-related salary benefits or remuneration, or any financial, pension or other benefits that are unrelated to their Board membership. In order to guarantee the Board of Directors’ independence, Board members may not participate in SRV’s incentive plans.

The Annual General Meeting of 27 March 2023 decided that the following remuneration should be paid to members of the Board of Directors:

Annual fees 2023

The aforementioned annual fees will be paid in SRV Group Plc’s shares and in cash, with approximately 40 per cent of the remuneration paid in shares. After the transfer of shares, the remaining amount is to be paid in cash. The company will acquire the shares in the name and on behalf of the Board members. The company is responsible for the costs arising from the acquisition of the shares. The shares are to be acquired for Board members within two weeks from the publishing of the interim report for the first quarter of 2023, or as soon as it is possible in accordance with applicable legislation. The shares are not subject to a restriction period or other transfer restrictions.

Meeting fees per Board and Committee meeting attended in 2023

Meeting fees are paid in cash.

Travel expenses arising from performing the duties of a member of the Board of Directors are paid according to the company’s travel policy.