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Independence of the Board of Directors

The Board of Directors of the Vaisala Group has evaluated the independence of its members.

1) Independence from the company

Evaluated against the criteria given in Recommendation 18, all five members of the Board of Directors are independent from the company.

2) Independence from the shareholders

Evaluated against the criteria given in Recommendation 18, Yrjö Neuvo, Stig Gustavson, Maija Torkko and Mikko Niinivaara are independent from both the company and the shareholders. The holdings of Raimo Voipio and Mikko Voipio do not exceed the 10 % of all the shares or aggregate votes stated by the Recommendation, but according to the insider definition of Chapter 1, Section 4 of the Companies Act, are considered to be dependent on the shareholders.

The current composition of the Board of Directors fulfills the independence requirements stated in the Recommendation.