Kamux Corporation Annual General Meeting Resolutions and Board of Directors Constitutive Meeting Decisions

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HELSINKI, April 20, 2022 /PRNewswire/ — Kamux Corporation’s Annual General Meeting was held on Wednesday, April 20, 2022. The Meeting approved the annual accounts for the 2021 financial year and discharged the members of the Board of Directors and the CEO from all liability. The General Meeting also adopted an advisory resolution to approve the remuneration report of the corporate bodies.

Dividend payment

The Board of Directors‘ proposal for a dividend of EUR 0.20 per share was approved. The dividend will be paid in two instalments. The shareholders did not demand the distribution of a minority dividend. The date of registration of the first tranche of dividend, EUR 0.08is April 22, 2022and the dividend will be paid on April 29, 2022. The record date of the second tranche of dividend, EUR 0.12is October 21, 2022and the dividend will be paid on October 28, 2022. The Board of Directors has been authorized, if necessary, to decide on a new record date for the payment of the dividend and a new payment date for the second tranche if the rules and statutes of the Finnish registration system account change or otherwise require.

Board Members and Remuneration

In accordance with the proposal of the Board of Nominations of Shareholders, the Annual General Meeting confirmed that the Board of Directors will be composed of seven members. In accordance with the proposal of the Board of Shareholders’ Appointments, Ms. Reija LaaksonenMr. Antti Mäkelä, Mr. Tapio Pajuharju, Mr. Harri Sivulaand Mr. Tuomo Vähäpassi were re-elected as board members and Mr. Terho Kalliokoski and Ms. Jaana Viertola-Truini were elected as new members of the Board of Directors. In accordance with the proposal of the Board of Shareholders’ Appointments, the General Meeting elected Mr. Harri Sivula as Chairman of the Board and Mr. Tuomo Vähäpassi as Vice Chairman of the Board. All membership information relevant to the work of a director has been presented on the Company’s website at https://www.kamux.com/en/corporate-governance/general-meeting/annual- general-meeting-2022 /

In accordance with the proposal of the Board of Shareholders’ Appointments, the General Meeting decided on an annual remuneration of €65,000 get paid for the chairman of the board and €30,000 for directors, and additional compensation of €5,000 per year to the Chairman of the Audit Committee and €2,500 for each member of the audit committee. It has been decided that 40% of the annual remuneration of the Chairman and members of the Board of Directors is paid in Kamux Corporation shares, either purchased at the prevailing market price on the market or using own shares held by the company . The sale of own shares or the acquisition of shares directly for the benefit of the members of the Board of Directors will be carried out within two weeks of the publication of the interim balance sheet for the period January 1, 2022 for March 31, 2022. The remainder of the annual membership fee will be paid in cash, which will be used to cover the taxes arising from the membership fees. The Company pays transaction costs and transfer duties associated with the purchase and transfer of shares. Committee fees will be paid in cash. If the board of directors decides to create new committees, the annual fees of the chairman and of the members of the new committee are equal to the annual fees of the chairman and of the members of the audit committee. Travel expenses will be reimbursed in accordance with the Company’s travel policy.

Listener

Chartered Accountant PricewaterhouseCoopers Oy was re-elected as Company Commissioner as proposed by the Board of Directors. The Auditor’s fee will be paid on the basis of a reasonable invoice as approved by the Company. PricewaterhouseCoopers Oy has advised that Chartered Accountant Mr. Markku Launis will act as lead auditor.

Authorization of the Board of Directors to decide on the issue of shares

The General Meeting decided to authorize the Board of Directors, on the proposal of the Board, to decide to issue a maximum of 4,000,000 shares in one or more tranches corresponding to approximately 10% of all the shares of the society. The Board of Directors decides on the terms and conditions for issuing shares. The authorization covers both the issue of new shares and the sale of own shares for consideration or free of charge. The issue of shares can be carried out by derogation from the shareholders’ preferential subscription right (directed issue). The authorization cancels the previous authorization to issue shares given to the Board of Directors by the General Meeting of April 20, 2021. The authorization is valid until the close of the next Ordinary General Meeting, but at the latest until June 30, 2023.

Authorization to be given to the Board of Directors to decide on the buyback of the Company’s own shares

The Annual General Meeting has decided to authorize the Board of Directors in accordance with the Board’s proposal to decide the repurchase of a maximum of 2,000,000 treasury shares of the Company using the share capital of the Company representing approximately 5% of all shares of the Company. The authorization includes the right to pledge the Company’s own shares. The shares will be acquired through public trading, for which reason the shares are acquired other than in proportion to the shareholding of the shareholders and the consideration paid for the shares will be the market price of the Company’s share. in public trading at Nasdaq Helsinki Ltd. at the time of acquisition. Shares may also be acquired off-exchange at a price which corresponds at most to the public market price at the time of acquisition. The authorization includes the right of the Board to decide on a directed buy-back or the acceptance of shares in pledge, if there is a compelling financial reason for the Company to do so, as provided for in chapter 15, section 6 of Finnish Limited Liability Companies Act. . Shares will be acquired for use in the execution of the Company’s share-based incentive plans or for other purposes determined by the Board of Directors. The decision to buy back or redeem the Company’s own shares or to take them as a pledge must not be taken in such a way that the shares of the Company in possession or held as a pledge by the Company and its subsidiaries exceed 10% of all actions. The Board of Directors will rule on all other questions relating to the buyback of the Company’s own shares and/or their pledging. This authorization cancels the previous authorization given to the Board of Directors by the General Meeting of April 20, 2021. The authorization is valid until the close of the next Ordinary General Meeting, but at the latest until June 30, 2023.

Modification of the Rules of Procedure of the Board of Nominations of Shareholders

The General Meeting decided to modify the internal regulations of the Nomination Board of Shareholders, in accordance with the proposal of the Nomination Board.

Minutes of the annual general meeting

Minutes of the Annual General Meeting will be available on the Company’s website at https://www.kamux.com/en/corporate-governance/general-meeting/annual-general-meeting-2022 / at the latest May 4, 2022

Ms. Johanna Hölli-Koskipirtti, LLM, chaired the Annual General Meeting.

Decisions of the Constitutive Assembly of the Board of Directors

At its constituent meeting convened after the Annual General Meeting, the Board of Directors decided to appoint Mr. Tuomo Vähäpassi (Chairman), Mr. Tapio Pajuharju and Ms. Jaana Viertola-Truini as members of the Audit Committee. In addition, the Board decided to create a Personnel and Remuneration Committee and appointed Ms. Reija Laaksonen (Chairman), Mr. Antti Mäkelä and Mr. Terho Kalliokoski as members.

Kamux Company

For more information, please contact:

Katariina Hietaranta, communication manager, tel. +358 50 557 6765

[email protected]

Kamux Corporation is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive network of showrooms to provide customers with an excellent service experience anytime, anywhere. In addition to digital channels, the company has a total of 77 car showrooms in Finland, Sweden and Germany. Since its establishment, the company has sold more than 400,000 used cars, of which 68,429 were sold in 2021. Kamux’s turnover reached €937.4 million in 2021. In 2021, Kamux’s average number of employees was 848 in terms of full-time equivalent employees. Kamux Oyj is listed on Nasdaq Helsinki Ltd.

www.kamux.com

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