The current Raisio Group’s parent company, Raisio plc, is the continuation of several companies that have already ceased operations. The company was founded on 1 January 1988, when two companies, i.e. Oy Vehnä Ab and Oy Kasviöljy – Växtolje Ab merged into one, thereby forming Raision Tehtaat Oy Ab.’

The shareowners of Oy Vehnä Ab and Oy Kasviöljy – Växtolje Ab were entitled to receive series K shares in Raision Tehtaat Oy Ab as a merger premium. In order to receive the merger premium, the owner had to have a certain number of shares according to an exchange ratio, and also deliver the paper share certificate of Oy Vehnä Ab and/or Oy Kasviöljy-Växtolje Ab to the company in order to receive in turn the paper share certificate of Raision Tehtaat Oy Ab and thereafter have the said shares recorded in the shareholder’s own book-entry account. Following the Annual General Meeting’s resolution on 12 April 2022 on the forfeiture of the shares held in the Joint Account, including all rights attached to them, the right to receive this merger premium has

also ceased, if the shareholder has not acted within the set time limits. More information on the forfeiture can be found below.

In 1994 a company called Vähittäiskaupan Teollisuus Oy merged with Raision Tehtaat Oy Ab and in 1995 Raision Margariini Oy (former Margariini Oy) merged with Raision Tehtaat Oy Ab, which in turn changed its name to Raisio Yhtymä Oyj in 1997 and in 2005 to Raisio Oyj (Raisio plc).

The nominal value of Raisio plc’s share has been changed twice by splitting the share. In 1994 the share with a nominal value of FIM 50 was split into five shares, each valued FIM 10, and in 1998 each of these in turn were split into ten shares with a nominal value of FIM 10.

The right to receive the merger premium based on the merger of Raision Margariini Oy has ceased in 2000 and the right to receive the merger premium based on the merger of Vähittäiskaupan Teollisuus Oy has ceased in 1999.

Raision Tehtaat Oy Ab’s (now Raisio plc) shares were incorporated in the book-entry system on 26 November 1994. Shareholders were at the time required to present their share certificates and request the shares to be registered in their book-entry account within the registration period by the date of registration (25 November 1994).

By the deadline, not all shareholders presented the paper share certificates and requested that their shares be incorporated in the book-entry account. Therefore, the shares of these shareholders have been held since 1994 in a book-entry account opened in the name of the company (the “Joint Account”).

Since September 2016 the Annual General Meeting has had the right to decide on the forfeiture of the shares held in the Joint Account, as well as all rights attached to them based on the Finnish Companies Act. Based on the proposal by the Board, the Annual General Meeting held on 12 April 2022 resolved on the forfeiture of the rights to all the shares entered in the Joint Account, as well as of the rights attached to such

shares in accordance with Chapter 3, Section 14 a, subsection 3 of the Finnish Companies Act. The forfeiture concerned shares held in the Joint Account that had not been validly requested to be registered in the book-entry system prior to the relevant resolution of the Annual General Meeting (by 2 p.m. EET on 12 April 2022). In case the share certificate was missing, a request for the shares to be registered had to be made no later than within the abovementioned time limit and the request for conversion had to be finalized no later than by 4 p.m. EET on 30 November 2022.

Following the AGM’s decision, the shares became treasury shares and the provisions of the Finnish Companies Act on treasury shares were applied to them. The company was therefore entitled to keep the shares in its possession or cancel or transfer them.

Based on the decision by the Board, the 587,728 of series K shares and 178,270 series V shares on the Joint Account were cancelled on 1 February 2023.