Sanoma Corporation's Annual General Meeting on 7 April 2022 resolved to establish a Shareholders' Nomination Committee. The purpose of the Shareholders' Nomination Committee is to prepare the proposals on the number, composition and remuneration of the members of the Board of Directors to the Annual General Meeting. The Shareholders' Nomination Committee consists of up to four members who represent Sanoma's four largest shareholders on the basis of the shareholders' register held by Euroclear Finland Ltd. as of 31 May.

The four largest shareholders are Jane and Aatos Erkko Foundation, Antti Herlin (directly and indirectly through Holding Manutas Oy), Robin Langenskiöld and Rafaela Seppälä. The four largest shareholders have appointed the following members to the Shareholders' Nomination Committee: Juhani Mäkinen, Vice Chairperson of the Board, Jane and Aatos Erkko Foundation; Antti Herlin, Chairperson of the Board, Holding Manutas; Robin Langenskiöld, 3rd largest shareholder in Sanoma; Rafaela Seppälä, 4th largest shareholder in Sanoma. In its meeting on 21 June 2022, the Committee elected Juhani Mäkinen as a Chairperson of the Committee and invited Pekka Ala-Pietilä, Chairperson of Sanoma's Board of Directors, to serve as an expert in the Committee.

The Shareholders' Nomination Committee will forward its proposals for the Annual General Meeting 2023 to Sanoma's Board of Directors by 16 January 2023.