Auditing

AUDITORS

Under its Articles of Association, HKScan shall have two auditors and two deputy auditors; one of the auditors and one of the deputy auditors shall be an auditor or a firm of accountants authorized by the Central Chamber of Commerce. The auditors and deputy auditors are elected by the Annual General Meeting. The auditors’ term of office is the Company’s financial year and their duties end at the Annual General Meeting of Shareholders first following their election.

The task of statutory auditing is to verify that the financial statements give a true and fair view of the result and financial position of the HKScan Group in the financial period audited. The auditor submits to the shareholders an auditor’s report as a part of the annual financial statements and also provides the Audit Committee with regular reports on his/her observations.

Authorized public accountants PricewaterhouseCoopers Oy, with Johan Kronberg, APA, as principal auditor, and Petri Palmroth, APA, serve as the Company’s independent statutory auditors. Mika Kaarisalo, APA, and Jari Viljanen, APA, serve as deputy auditors.

Audit fees

The Group’s audit fees paid to PricewaterhouseCoopers, its principal independent auditors, are
presented in the table below. The audit fees are in respect of the audit of the annual accounts
and legislative functions closely associated therewith. Other expert services include tax consulting
and advisory services in corporate arrangements. The figures also include the audit fees in
Poland (KPMG Poland).