The representatives appointed by three largest, on the basis of the shareholder list of 1 September 2022, shareholders that wished to exercise their right of appointment are elected to Toivo Group Plc's ("Toivo" or "the Company") Shareholders' Nomination Committee. The Nomination Committee prepares proposals to Toivo's Annual General Meeting regarding the members of the Board of Directors and fees paid to the Board members in 2023. The three largest shareholders that wished to exercise their right of appointment have appointed the following members to the Company's Shareholders' Nomination Committee: Raatihuone Oy, represented by Asko Myllymäki; Heuke Oy and Urho Myllymäki, represented by Urho Myllymäki; M.H. Korporaatio Oy and Tuomas Hemmilä, represented by Tuomas Hemmilä.