Shareholders’ proposals to the Annual General Meeting for the number of Marimekko’s Board members, the composition of the Board and its remuneration

Marimekko Corporation, Stock Exchange Release, 29 January 2024 at 10.30 a.m.

Shareholders’ proposals to the Annual General Meeting for the number of Marimekko’s Board members, the composition of the Board and its remuneration

Shareholders representing in total approximately 27 percent of all the shares and votes of Marimekko Corporation have made a proposal to the Annual General Meeting to be held on 16 April 2024 for the number of members of the Board of Directors, the composition of the Board and its remuneration.

Proposal for the number of members of the Board of Directors

Shareholders who represent approximately 27 percent of all the shares and votes of Marimekko Corporation have informed the company that they propose to the Annual General Meeting that six (6) members be elected to the Board of Directors.

Proposal for the composition of the Board of Directors

The above-mentioned shareholders have also informed the company that they propose that Carol Chen, Mika Ihamuotila, Teemu Kangas-Kärki, Tomoki Takebayashi and Marianne Vikkula be re-elected to the Board of Directors. Mikko-Heikki Inkeroinen has started as Marimekko’s Chief Technology Officer and member of the Management Group on 29 January 2024 and resigned from his position as a member of the Board of Directors of Marimekko on the same date.

The same shareholders further propose that Massimiliano Brunazzo be elected as a new member of the Board. Brunazzo (b. 1979, MBA) has been the CEO and President of EMEAI region at Bottega Veneta since 2019. Previously he has held various leadership positions at adidas and Hugo Boss, among other companies.

Carol Chen, Teemu Kangas-Kärki, Tomoki Takebayashi, Marianne Vikkula and Massimiliano Brunazzo are independent of the company and its significant shareholders according to the evaluation of the above-mentioned shareholders. Mika Ihamuotila is not independent of the company nor its significant shareholders due to his indirect shareholding through PowerBank Ventures Ltd, equaling 12.5 percent of the shares and votes in the company.

The proposed Board members have informed the company that in the event that they are elected, they intend to elect Mika Ihamuotila as Chairman of the Board and Teemu Kangas-Kärki as Vice Chairman of the Board as well as Teemu Kangas-Kärki as Chairman and Mika Ihamuotila and Marianne Vikkula as members of the Audit and Remuneration Committee.