Neles Corporation's Shareholders' Nomination Board comprises of the representatives of the four shareholders of the company as of September 1, 2020 and, in addition, Chair of the Board of Directors. The duties of the Nomination Board include preparation and presentation of proposals to the Board of Directors concerning the number of the members, the composition of the Board as well as the remuneration of the Board of Directors. The Nomination Board will elect the chair amongst its members. Members of the Shareholders' Nomination Board are: Pasi Laine, President and CEO, Valmet Oyj, Philip Ahlgren, Vice President, Cevian Capital Partners Ltd, Mikko Mursula, Chief Investment Officer, Ilmarinen Mutual Pension Insurance Company, Risto Murto, President and CEO, Varma Mutual Pension Insurance Company, Jukka Moisio, Chair of Neles' Board of Directors. The Nomination Board will be obliged to give its proposal for the Board of Directors by January 31, 2021.