The boards of directors of Sievi Capital Plc (‘Sievi Capital') and Boreo Plc (‘Boreo') have signed a combination agreement (the ‘combination agreement') and a merger plan to combine the companies through a merger (the ‘Future Company'). The name of the Future Company will be Boreo Plc. It is proposed that the Board of Directors of the Future Company is composed of four (4) Sievi Capital's current Board members (Juha Karttunen, Kati Kivimäki, Taru Narvanmaa, Lennart Simonsen), four (4) Boreo's current Board members (Camilla Grönholm, Jouni Grönroos, Ralf Holmlund, Michaela von Wendt) and Simon Hallqvist who is a member of the board of directors in both companies.

It is proposed that the Future Company's Chairman will be Simon Hallqvist.