OREANDA-NEWS. Fortum's Shareholders' Nomination Board has submitted to Fortum's Board of Directors its proposals to the Annual General Meeting 2016.

The Shareholders' Nomination Board will propose to the Annual General Meeting that the Board consists of eight (8) members and that the following persons be elected to the Board for a term ending at the end of the Annual General Meeting 2017:

To be re-elected:
Ms Sari Baldauf as Chairman
Mr Kim Ignatius as Deputy Chairman
Ms Minoo Akhtarzand as member
Mr Heinz-Werner Binzel as member
Ms Eva Hamilton as member
Mr Tapio Kuula as member and
Mr Jyrki Talvitie as member

To be elected:
Mr Veli-Matti Reinikkala as member

Fees to Board members:
The Shareholders' Nomination Board will propose that the fees paid for the upcoming term remain unchanged and are as follows:
Chairman: EUR 75,000/year
Deputy Chairman: EUR 57,000/year
Members: EUR 40,000/year
The Chairman of the Audit and Risk Committee, if he/she is not simultaneously acting as Chairman or Deputy Chairman of the Board: EUR 57,000/year.

For each Board and Board Committee meeting a fee of EUR 600 will be proposed.

For Board members living outside Finland in Europe, the proposed fee for each meeting will be doubled and for Board members living outside Europe, the proposed fee for each meeting will be tripled. For Board members living in Finland, the proposed fee for each Board and Board Committee meeting will be doubled for meetings held outside Finland and tripled for meetings held outside Europe. For Board and Committee meetings held as a telephone conference, the proposed fee will be paid as single to all members. No fee will be paid for decisions made without a separate meeting.

The Chairman of the Shareholders' Nomination Board is Eero Heliovaara, Director General of the Prime Minister's Office's Ownership Steering Department, and the members are Reima Rytsola, Executive Vice-President at Varma Mutual Pension Insurance Company, Liisa Hyssala, Director General of Finnish Social Insurance Institution (Kela) and Sari Baldauf, Chairman of Fortum Corporation's Board of Directors. Ms Sari Baldauf did not participate in the decision-making regarding the proposal for the Chairman of the Board or fees to the Board members.