Independence of Board members

The Board of Directors deems Jannica Fagerholm, Hans Frantz, Kjell Hedman, Nils Lampi, Kjell Sundström, Dag Wallgren and Nina Wilkman of the Board to be independent in relation to Aktia within the meaning of the Corporate Governance Code. Catharina Stackelberg-Hammarén is Managing Director of Marketing Clinic and the company carried out tasks commissioned by Aktia Group in 2011. When mapping the dependent relationships with significant shareholders as envisaged by the Corporate Governance Code (shareholders who hold at least ten per cent of the total number of shares or votes), it has been noted that deputy chair Nina Wilkman sits on the Board of Directors of the Stiftelsen Tre Smeder foundation, Board member Jannica Fagerholm is member of the Board of Life Annuity Institution Hereditas and that Board member Kjell Sundström is the chairman of the Board of Directors of the Veritas Pension Insurance Company.  Hans Frantz, Kjell Hedman, Nils Lampi, Catharina Stackelberg- Hammarén and Dag Wallgren do not have any dependent relationships with significant shareholders.