Spinnova Oyj announced that the following members have been elected to form the Nomination Board of Spinnova Plc for the next term: Vinicius Nonino, Suzano S.A. Hanna Liiri, Besodos Investors Oy. Ilkka Kivimäki, Maki.vc Fund I Ky. Janne Poranen, Chair of the Board of Directors of Spinnova Plc.

In accordance with the Charter of Spinnova Plc's Shareholders' Nomination Board, the Nomination Board has four (4) members. Three (3) of those members are representatives appointed by the three large shareholders, and one (1) member is a board member appointed by the Company's Board of Directors from amongst themselves. The Nomination Board of Spinnova Plc is responsible for preparing proposals to upcoming annual general meetings and, where necessary, to any extraordinary general meetings, concerning the election and remuneration of the members of the Board of Directors and the remuneration of board committee members.

The Nomination Board is also responsible for ensuring that the Board of Directors and its members have a sufficient level of knowledge and experience that corresponds to the needs of the Company.