Alexander Ehrnrooth appointed Chairman of Enersense International Plc’s Shareholders’ Nomination Board Enersense International Plc | Stock Exchange Release | September 27, 2024 at 16:00:00 EEST The Shareholders’ Nomination Board of Enersense International Plc has today elected Alexander Ehrnrooth as its Chairman from among its members. Based on the ownership situation according to 2.9.2024, the Shareholders’ Nomination Board of Enersense International Plc consists of representatives of the three largest shareholders: Alexander Ehrnrooth, Nidoco AB Marjo Miettinen, Ensto Invest Ltd Janne Vertanen, Verman Holding Ltd ENERSENSE INTERNATIONAL PLC Tommi ManninenSVP, Communications and Public Affairs More information: Tommi Manninen, SVP, Communications and Public AffairsTel. +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION:Nasdaq HelsinkiMajor mediawww.enersense.com Alexander Ehrnrooth appointed Chairman of Enersense International Plc's Shareholders' Nomination Board
Enersense International Plc´s financial reporting and Annual General Meeting in 2025 Enersense International Plc | Stock Exchange Release | September 20, 2024 at 14:00:00 EEST Enersense International Plc´s Financial Statements Bulletin for the year 2024 will be published on Friday 28 February 2025. Financial Statements and Board of Directors’ Report for 2024 will be published on Wednesday 26 March 2025. In addition, Enersense will publish two Business Reviews and a Half-year Financial Report in 2025: January-March on Wednesday 30 April 2025. January-June on Tuesday 5 August 2025. January-September on Friday 31 October 2025. Enersense International Plc´s Annual General Meeting 2025 is planned to be held on Wednesday 16 April 2025. Enersense’s Board of Directors will summon the Annual General Meeting at a later date. A shareholder who wishes to include a matter on the agenda of the Annual General Meeting should submit such request by 26 February 2025 to Enersense International Plc/Legal, Konepajanranta 2, 28100 Pori or by e-mail to yhtiokokous@enersense.com. ENERSENSE INTERNATIONAL PLC Tommi ManninenSVP, Communications and Public Affairs More information: Tommi Manninen, SVP, Communications and Public AffairsTel. +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION:Nasdaq HelsinkiMajor mediawww.enersense.com Enersense International Plc´s financial reporting and Annual General Meeting in 2025
Enersense International Plc’s Shareholders’ Nomination Board Enersense International Plc | Stock Exchange Release | September 03, 2024 at 14:00:00 EEST According to the decision of Enersense International Plc’s Annual General Meeting, the three shareholders who hold the largest share of the votes cast by all the company’s shares according to the shareholders’ register maintained by Euroclear Finland Ltd on the first working day of September preceding the Annual General Meeting, have the right to nominate members representing shareholders. At the request of the Committee, the Chairman of the Board of Directors may act as an expert on the Nomination Board without membership or the right to vote. Based on the ownership status of Enersense International Plc on 2 September 2024, the three major shareholders and their representatives have been appointed to Enersense International Plc’s Shareholders’ Nomination Board as follows: Alexander Ehrnrooth, Nidoco AB Marjo Miettinen, Ensto Invest Ltd Janne Vertanen, Verman Holding Ltd Enersense International Plc’s Nomination Board prepares and presents to the Annual General Meeting and, if necessary, to the Extraordinary General Meeting proposals on * the remuneration of the Board of Directors * the number of the Board of Directors, and * the members of the Board of Directors. The now appointed Nomination Board will forward its proposals for the 2025 Annual General Meeting to the Board of Directors by 31 January 2025. ENERSENSE INTERNATIONAL PLCTommi ManninenSVP, Communications and Public Affairs More information: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION:Nasdaq HelsinkiMajor mediawww.enersense.com Enersense International Plc’s Shareholders’ Nomination Board
Insider information: Enersense’s new CEO Kari Sundbäck starts on 23 September Enersense International Plc | Inside Information | August 29, 2024 at 12:40:00 EEST On 11 July 2024, Enersense announced that its Board of Directors has appointed Kari Sundbäck as the CEO of the company from 25 November 2024. However, Sundbäck will start earlier at Enersense on 23 September 2024. Juha Silvola will continue as the acting CEO until 22 September 2024, after which he will return to his previous position as the Executive Vice President of the Power and Connectivity business areas. Kari Sundbäck has previously worked as the EVP of services, solutions, digitalisation and sustainable development at Caverion Group and in international leadership positions at Nokia and KONE. “We are happy to have Kari here to implement our strategy, which we updated in June to support the green energy transition. As a result, our goal is to improve our company’s profitability and shareholder value. I also want to take this opportunity to thank Juha Silvola for his good contribution as acting CEO,” says Anders Dahlblom, Chair of Enersense’s Board of Directors. ENERSENSE INTERNATIONAL PLCBoard of Directors More information: Anders Dahlblom, Chair of the Board of Directors Contact person:Tommi Manninen, SVP, Communications and Public AffairsTel.: +358 40 043 7515Email: tommi.manninen@enersense.com DISTRIBUTIONNasdaq HelsinkiKey mediawww.enersense.com Insider information: Enersense’s new CEO Kari Sundbäck starts on 23 September
A change in Enersense’s Remuneration Committee Enersense International Plc | Stock Exchange Release | August 01, 2024 at 15:25:00 EEST In its meeting today, on 1 August 2024, Enersense International Plc’s Board of Directors has elected among its members Anders Dahlblom as the Chair of the Remuneration Committee. Dahlblom also acts as the Chair of the Board of Directors of Enersense. Anna Miettinen, Sirpa-Helena Sormunen and Ville Vuori continue as other members of the Remuneration Committee. Former Chair of the Remuneration Committee, Jaakko Eskola, resigned from Enersense’s Board of Directors on 11 July 2024. ENERSENSE INTERNATIONAL PLCTommi ManninenSVP, Communications and Public Affairs More information: Anders Dahlblom, Chair of the Board, Chair of the Remuneration Committee Contacts: Tommi Manninen, SVP, Communications and Public AffairsTel.: +358 40 043 7515Email: tommi.manninen@enersense.com Distribution:Nasdaq HelsinkiMajor mediawww.enersense.com A change in Enersense’s Remuneration Committee
A change in Enersense’s Group Executive Team Enersense International Plc | Stock Exchange Release | August 01, 2024 at 12:30:00 EEST Tommi Manninen, SVP, Communications and Public Affairs and a member of the Group Executive Team of Enersense International Plc has announced his resignation from the company. ”I would like to express my warm thanks to Tommi for good cooperation in his work as the SVP, Communications and Public Affairs and a member of the Group Executive Team during the past three years. During Tommi’s time the visibility and awareness of the company among different stakeholders as well as our sustainability work have developed to a completely new level, which gives us a good foundation for further development. On behalf of myself and the entire company I wish Tommi all the best in the future,” says Juha Silvola, acting CEO. “Enersense is determined to continue with implementing its new strategy. Our focus is on our core businesses and we continue our work to improve our profitability. Tommi will continue in his position until 18 October 2024 after which Jyrki Paappa, CFO, will be responsible for Enersense’s communications and investor relations function,” Silvola continues. ENERSENSE INTERNATIONAL PLCTommi ManninenSVP, Communications and Public Affairs More information: Juha Silvola, CEO (acting)Tel. +358 40 7631599 Email: juha.silvola@enersense.com Media contacts:Tommi Manninen, SVP, Communications and Public AffairsTel. +358 40 043 7515Email: tommi.manninen@enersense.com Distribution:Nasdaq HelsinkiMajor mediawww.enersense.com A change in Enersense’s Group Executive Team
Insider information: Enersense appoints Kari Sundbäck as its President and CEO – the Chair of the Board of Directors changes Enersense International Plc | Inside Information | July 11, 2024 at 10:00:00 EEST The Board of Directors of Enersense has appointed Kari Sundbäck as the President and CEO of the company as of 25 November 2024. Juha Silvola will continue as the acting CEO of Enersense until 24 November 2024 after which he will return to EVP, Power and Connectivity business areas. In its meeting today, the Board of Directors has also elected the current member of the Board, Anders Dahlblom, as the new Chair of the Board of Directors. Dahlblom will succeed Jaakko Eskola who has chosen to step down from his position. Eskola has served as the Chair of Enersense’s Board of Directors since 2021. Enersense’s Board will comprise seven (7) members until the next Annual General Meeting. Enersense’s new President and CEO, Kari Sundbäck, has earlier worked, among other things, as the Head of Services, Solutions, Digital and Sustainability at Caverion and held international management positions at Nokia and KONE. ”Enersense’s growth has been strong in the past years. We revised our strategy in June and launched a recruiting process to find a CEO who would determinedly implement our strategy that supports the green energy transition as well as improve the company’s profitability and shareholder value. At the end of the process, we concluded that Kari is the best person to lead Enersense and to strengthen the company’s position in its core businesses. I would also like to take this opportunity to thank Jaakko Eskola for his substantial role in choosing the President and CEO as well as Enersense’s acting CEO Juha Silvola for his contribution”, says Anders Dahlblom, Chair of Enersense’s Board of Directors. “Enersense is a very important company in the green energy transition. I’m excited and humbled to have the opportunity to join Enersense to make the newly laid out strategy a reality. I look forward to developing together with all our people our relevance and value to customers in the energy, telecommunications and industrial sectors”, says Kari Sundbäck, Enersense’s new President and CEO. “On behalf of Enersense’s Nomination Board I want to thank Jaakko Eskola, who is now stepping down, for his term as the Chair of Enersense’s Board and welcome Anders Dahlblom as the new Chair of the Board of Directors. Virala is the largest shareholder in Enersense and it is natural that in this kind of a turning point a representative of the largest shareholder takes the position as the Chair of the Board. I am convinced that the renewed top management together with the renewed strategy give the company a good starting point to create substantial shareholder value”, says Alexander Ehrnrooth, Chair of Enersense’s Nomination Board. ENERSENSE INTERNATIONAL PLC Board of Directors More information: Anders Dahlblom, Chair of the Board Contacts:Tommi Manninen, SVP, Communications and Public AffairsTel.: +358 40 043 7515Email: tommi.manninen@enersense.com DISTRIBUTIONNasdaq HelsinkiMajor mediawww.enersense.com Insider information: Enersense appoints Kari Sundbäck as its President and CEO - the Chair of the Board of Directors changes
Enersense has won Fingrid’s tender regarding the construction of the Herva-Nuojuankangas 400 kV transmission line Enersense International Plc Investor news, 24 June 2024 at 9:30 a.m. Enersense has won a contract for the construction of a new 400 kV electricity transmission connection in Fingrid’s public procurement tender. The total value of the contract is approximately EUR 26.5 million and it will be recognised in the order backlog of the Power business area for the second quarter of 2024. The 400 kV power line construction contract won by Enersense is located in Northern Ostrobothnia from the Herva substation in Ii to Nuojuankangas in Vaala and is about 117 kilometres long. The construction work will start in the winter of 2024 and the project is to be handed over to the customer in the summer of 2027. ”Enersense has a significant market position in green energy transition projects and this project supports well our revised strategy and further strengthens our role as an enabler of the sustainable energy transition. We are very pleased that Fingrid chose us to implement this project”, says Enersense’s acting CEO Juha Silvola. The decision will enter into force after the end of the appeal period under the Act on Public Procurement and Concession Contracts. More information: Juha Silvola, acting CEO Tel.: +358 40 763 1599 Email: juha.silvola@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com Enersense_Fingrdi_ENG_24062024
Correction: Insider information: Enersense has revised its strategy and will focus on its core businesses – project and service operations for the green energy transition Enersense International Plc Insider information, 19 June 2024 at 4:15 p.m. Enersense corrects its insider information published today at 2:25 p.m. in English. The total amount, EUR 10 million, of the RCF was missing from the release, and the RCF’s expiration date was incorrect. The correct expiration date is on 31 March 2025, not 31 May 2025 as stated in the release. The corrected release in full is attached to this release. ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION: Nasdaq Helsinki Major media www.enersense.com Enersense strategy ENG 19062024
Insider information: Enersense has revised its strategy and will focus on its core businesses – project and service operations for the green energy transition Enersense International Plc Insider information, 19 June 2024 at 2.25 p.m. Enersense will focus, principally in Finland and the Baltics, on strengthening its significant market position in its Power, Industry and Connectivity business areas, which provide energy, telecommunications and industrial companies involved in the green energy transition with demanding project and service operations on a broad scale. In 2023, the revenue of these project and service operations were over EUR 300 million and EBITDA approximately EUR 20 million. Enersense abandons its previous strategic goal of becoming a producer of zero-emission energy. The company is conducting a strategic assessment of its onshore wind power and solar power project development operations and is considering selling them. The company’s project portfolio totals roughly 5 gigawatts in addition to which it has projects worth of approximately 7 gigawatts in feasibility study phase. The company sees significant value in its project development operations. The company is also conducting a strategic assessment of its offshore wind power operations and its business focused on the development of zero-emission transport solutions, the future outlook of which is positive, but their development needs significant growth capital. “We will focus on our core business operations: providing high-quality services that enable a sustainable green energy transition for our partners in the energy, telecommunications and industrial sectors principally in Finland and the Baltics. The company has launched a group-wide efficiency programme to support its profit-making capability. We are looking for a new CEO to determinedly implement our strategy, improve the company’s profitability and increase the shareholder value. I take this opportunity to thank the Board’s Strategy Committee for their work on the strategy revision,” says Jaakko Eskola, Chair of the Board of Directors. In its organizational meeting after the Annual General Meeting on 4 April 2024, Enersense’s Board of Directors decided to establish a Strategy Committee to assist the Board in decisions regarding strategy. The Strategy Committee has now completed its task and the Committee’s activities will be discontinued. Carl Haglund has acted as the Chairperson of the Strategy Committee and Anders Dahlblom, Anna Miettinen and Ville Vuori as members. Agreement with financing providers on a new revolving credit facility to implement the strategy Enersense has entered into an agreement with its financing providers on a senior unsecured revolving credit facility (RCF) to support the implementation of the company’s strategy. The price of the new financing is tied to Euribor added with a margin of 3,5% per annum. The new RCF will expire on 31 May 2025, and it is guaranteed until its expiry by Virala Oy Ab and Ensto Invest Oy companies, to which a 5% guarantee fee will be paid on market terms for the lifetime of the guarantee. In conjunction with the RCF, changes have been made in covenants related to the group’s equity ratio, the net debt to EBITDA ratio and minimum liquidity regarding total financing provided for the company. Distribution of funds as a return of capital not exercised The Board of Directors will not exercise the right to distribute funds as a return of capital as authorised at the Annual General Meeting on 4 April 2024. Based on the authorisation provided at the AGM on 4 April 2024, the Board of Directors could have decided on distribution of funds as a return of capital of at most EUR 0.10 per share in two instalments between July and December 2024 as determined by the Board of Directors. ENERSENSE INTERNATIONAL PLC Board of Directors More information: Juha Silvola, acting CEO Jaakko Eskola, Chair of the Board of Directors Contact person: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION Nasdaq Helsinki Key media www.enersense.com Enersense_strategy_ENG_19062024
Low-emission steel piloted for the first time in Fingrid’s substation structures in Harjavalta Enersense International Plc Press release, 6 June 2024 at 2:00 p.m. Enersense, a provider of zero-emission energy solutions, won a contract in Fingrid’s public bidding process at the beginning of the year for the construction of three new 110 kV substations in the Harjavalta area. The substations will be built as gas insulated switchgear (GIS) using a gas insulation solution that does not contain any SF6 gas which is a significant greenhouse gas. As part of the project, Enersense’s delivery includes all steel structures to be built in the substation area, requiring a total of 76,000 kg of steel. The structures consist of 110 kV transmission line portals to be built in the substation area. There will be substation portals for connecting a total of fourteen transmission lines and they will be made of hot-dip galvanized steel. Through its partners, Enersense procures all the steel structures in question as low-emission steel. In this project, low-emission steel means that the structures to be delivered are made of recycled steel and their carbon dioxide emissions are, on average, approximately 40% lower compared to structures manufactured using iron ore-based production methods. The project is Fingrid’s first of this scale in Finland where all steel structures in the substation area will be delivered made of low-emission steel. “Our experts have worked hard to find more sustainable steel solutions. Our procurement department has been in contact with nearly 100 different suppliers around the world to find suitable steel structures with lower emissions. We are excited about the result, but we know that this is only the first step towards sustainable steel construction. Fingrid has played a very important role in the realisation of the project. Such projects can be implemented when the end user is genuinely committed to their own emission targets,” says Eero Törmä, Engineering Manager for substations, Power at Enersense. “Sustainability means actions and choices in everyday life. It’s easy to hide behind different reporting frameworks and abbreviations. Fingrid has a significant positive impact on climate change mitigation as we build an electricity network that will enable Finland to reduce emissions through electrification. We are ready to reduce our own negative climate impacts by switching to such electricity network structures in the future, the manufacture or use of which does not cause emissions. Steel is a key material in the formation of the climate impacts of grid construction, and we monitor the availability and suitability of low-emission products in this regard. It is better to be at the forefront of development doing things and showing the way than to be led by others in the rear,” says Timo Kiiveri, Executive Vice President at Fingrid. More information: Eero Törmä, Engineering Manager, substations, Power Tel.: +358 44 425 2099 Email: eero.torma@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com enersense_fingrid_06062024_ENG
Enersense enters into a new partnership agreement with P2X Enersense International Plc Press release, 31 May 2024 at 1:00 p.m. The Industry business area of Enersense, a provider of zero-emission energy solutions, and P2X Solutions have entered into a new partnership agreement to deepen their cooperation on the operation and maintenance of the new production plant in Harjavalta. This agreement is a significant step in Finland’s energy transition, in which hydrogen plays a key role. The role of hydrogen in the energy transition is unique, as it enables the production and storage of clean and renewable energy. Hydrogen can be used in a variety of ways in industry and transport, making it a crucial factor in the transition to a fossil-free future. The cooperation has previously included Enersense’s participation in project implementation, and now it is expanding to also cover operation and maintenance. This enables more efficient and sustainable energy production. “The construction of our Harjavalta plant has progressed well, with more than 700 consecutive days without lost-time accidents on the site. In cooperation with Enersense, we want to ensure that the commissioning and operation of the plant will also run safely and reliably,” says Herkko Plit, CEO at P2X Solutions. “The new partnership agreement supports our strategy of providing our customers with sustainable solutions for the energy transition. Hydrogen is becoming increasingly important, and we are committed to promoting its use,” says Mikko Luoma, Vice President, Smart Services, Industry at Enersense. Deepening the cooperation in operation and maintenance ensures that hydrogen is produced as efficiently and sustainably as possible, thus supporting long-term climate targets. More information: Mikko Luoma, Vice President, Smart Services, Industry Tel.: +358 50 438 5608 Email: mikko.luoma@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com enersense_P2X_ENG_31052024
Enersense enters into an agreement on building optical fibre networks for GlobalConnect in the Helsinki metropolitan area Enersense International Plc Investor news, 23 May 2024 at 2:45 p.m. Enersense, a provider of zero-emission energy solutions, and GlobalConnect, one of the leading providers of digital infrastructures and telecommunications services in the Nordic countries, have entered into an agreement on building optical fibre networks in the Helsinki metropolitan area. The agreement will be recognised in the order backlog of Enersense’s Connectivity business area for the second quarter of 2024. Enersense’s agreement covers the design of routes for the optical fibre networks, licensing, as well as earth-moving, telecom and project management stages following the turnkey principle. “I’m thrilled about this project. The addition of new fiber network routes predominantly caters to the significant demand for establishing data centers. Additionally, it will also serve Finnish private households and enhance capacity and redundancy for municipalities and businesses striving to continue their rapid digitalization efforts”, says Helena Bergstrand, Head of B2C Finland, GlobalConnect OY. “I am very happy that GlobalConnect selected Enersense as its partner to build optical fibre networks in the Helsinki metropolitan area, allowing us to start cooperation with them. Enersense has a proven track record of construction projects for optical fibre networks, and we would like to thank GlobalConnect for its trust in our expertise,” says Miika Erola, Vice President in the Connectivity business area. More information: Miika Erola, Vice President, Connectivity Tel.: +358 40641 7041 Email: miika.erola@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com Enersense_GlobalConnect_ENG_23052024
Enersense’s cooperation with OX2 in wind farm maintenance continues Enersense International Plc Press release 20 May 2024 at 12.40 p.m. The Power business area of Enersense, a provider of zero-emission energy solutions, and OX2, a developer, seller and manager of wind and solar farms, have entered into an agreement on the maintenance of substations, internal networks and power lines at the Lestijärvi wind farm. Lestijärvi is the largest wind farm in Finland, with the output of its 69 turbines totalling more than 455 MW. The servicing and maintenance of wind farm electricity networks comprise a key competence area for Enersense in the renewable energy sector alongside design and construction. “Enersense has already before partnered with OX2 in wind farm maintenance. Being selected to extend our partnership is a strong indication of trust in Enersense’s expertise and the aim of both parties to safeguard sustainable and reliable energy generation in Finland. This agreement strengthens Enersense’s position as the largest maintainer of wind farms in Finland,” says Antti Toppinen, Sales Manager at Enersense. More information: Antti Toppinen, Sales Manager, Maintenance and Services, Power Tel.: +358 40 5565358 Email: antti.toppinen@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 0437515 Email: tommi.manninen@enersense.com Enersense_OX2_ENG_20052024
Insider information: The CEO of Enersense leaves his position Enersense International Plc Insider information 3 May 2024 at 9.45 a.m. Enersense International Plc and the company’s CEO Jussi Holopainen have agreed that Holopainen will leave his position on May 3, 2024. “Jussi Holopainen has been with Enersense almost from the company’s inception, of which the last 11 years as the company’s CEO. During Holopainen’s time, the company has developed strongly, it has been listed on the Helsinki Stock Exchange, and the company’s growth has been strong. On behalf of the entire company, I would like to express my great thanks to Jussi for his work and wish him all the best in the future,” says Jaakko Eskola, Chairman of the Board of Enersense. Juha Silvola, EVP, Power and Connectivity business areas, will act as interim CEO of Enersense. The company starts the recruitment process for a new CEO immediately. ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Jaakko Eskola, Chair of the Board Contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com Distribution: Nasdaq Helsinki Major media www.enersense.com
Enersense signs an agreement to maintain the Valoo fibre-optic network in Southern Finland Enersense International Plc Investor news, 30 April 2024 at 10.45 a.m. Enersense, a provider of zero-emission energy solutions, and Valoo Oy, a Finnish fibre-optic network company, have signed an agreement on the maintenance of Valoo’s fibre-optic network. The two-year agreement includes the maintenance and further construction of the Valoo fibre-optic network in Southern Finland and will be recorded in Enersense Connectivity’s order books for the second quarter of 2024. The agreement can be extended by exercising a two-year option. “During the last 12 months, the Valoo fibre-optic network expanded to more than 30 towns, bringing fast and uninterrupted Internet connections based on the fibre-optic technology to more and more Finnish homes. Our work continues, and Enersense is the perfect partner for us to maintain our fibre-optic network in Southern Finland and also build fibre-optic connections for those who are still thinking about shifting to the technology,” says Juha Kirmanen, Director of Construction at Valoo. “We are already partnering with Valoo in its fibre-optic network building projects, and we are happy that our cooperation in the maintenance and further construction of the network will now expand. This agreement is a clear indication of our expertise and its appreciation, as well as the benefits of long-term cooperation for the customer,” says Miika Erola, Vice President of Enersense Connectivity. More information: Miika Erola, Vice President, Connectivity Tel.: +358 40641 7041 Email: miika.erola@enersense.com Juha Kirmanen, Director of Construction, Valoo Puhelin: +358503161936 Sähköposti: juha.kirmanen@valoo.fi Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com Enersense_Valoo_30042024
Insider information: Enersense writes down a 6-MEUR receivable following an arbitral tribunal’s decision in Lithuania, and withdraws its 2024 EBITDA guidance for the time being Enersense International Plc Insider information 29 April.2024 at 11:50 p.m. Enersense has been informed, on 29 April 2024, about a decision made by an arbitral tribunal in Lithuania regarding a dispute between Enersense and Litgrid, Lithuanian electricity transmission system operator over an agreement about receivables and deliveries concerning two projects that have been executed in Lithuania during 2021-2023. Enersense initiated arbitration proceedings in the matter in April 2023. According to the decision of the arbitral tribunal, Litgrid is obliged to pay to Enersense approximately EUR 1 million. Based on the decision of the arbitral tribunal, Enersense writes down EUR 6 million from a EUR-7-million receivable it had recorded in the 2022 financial statements. The write-down will have a corresponding negative impact on the EBITDA in the second quarter of 2024. The company will investigate the decision of the arbitral tribunal more in detail and assess further legal measures. Enersense withdraws its EBITDA guidance given for the year 2024 for the time being. The company’s estimate on the revenue development in 2024 will remain unchanged. Company’s guidance for the year 2024 issued on 29 February 2024 In 2024, Enersense’s revenue is expected to be in the range of EUR 365–435 million and EBITDA in the range of EUR 15–25 million. The revenue is expected to grow in 2024. Outlook especially for the company’s growth areas is favourable. The EBITDA is expected to grow. Profitability is expected to improve even if the investments in growth continue. ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Jussi Holopainen, CEO Tel. +358 44 517 4543 Email: jussi.holopainen@enersense.com Risto Takkala, acting CFO Tel.: +358 45 127 4414 Email: risto.takkala@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com Distribution: Nasdaq Helsinki Major media www.enersense.com Enersense_Litgrid_ENG_29042024
European energy company Alpiq acquires majority share of Enersense’s associated company P2X Solutions Enersense International Plc Investor news, 12 April 2024 at 8:00 a.m. Enersense’s associated company P2X Solutions (P2X), a Finnish forerunner of green hydrogen, and Alpiq, a leading Swiss energy services provider and European electricity producer, have agreed on a financing arrangement according to which Alpiq will invest approximately 47 million euros in P2X. With the investment, Alpiq becomes the majority owner of P2X. Respectively, in connection with the arrangement, Enersense’s shareholding will decrease to approximately 9 percent. Enersense continues at the Board of P2X and thus treats it as an associated company. P2X’s ownership arrangement does not have a cash flow impact on Enersense, nor has it any impact on the investment’s balance sheet value. P2X is currently constructing Finland’s first industrial scale green hydrogen production plant in Harjavalta, Finland. The company is also planning hydrogen production plants in Joensuu and Oulu. “Enersense has been a co-owner of P2X since 2022. As an enabler of the energy transition, it is important for us to be part of building Finland’s hydrogen market, and it is wonderful to have an international specialist in renewable energy and the energy transition like Alpiq joining our efforts. By its significant investment, Alpiq substantially strengthens P2X’s position and ability to scale up their business. This is an indication of Alpiq’s strong faith in P2X in leading the way in hydrogen in Finland. We believe that this arrangement will also offer other cooperation opportunities as well,” says Enersense’s CEO Jussi Holopainen. Alpiq generates electricity and offers its customers services in the fields of energy generation and marketing as well as energy optimization in several key markets in Europe, as well as in Finland with its own team since several years. The company has a particularly strong position and over 100 years of experience in hydropower production in Switzerland. Alpiq’s adjusted net revenue (excluding non-operating effects) in 2023 was over 8.5 billion euros (8.4 billion CHF). More information: Jussi Holopainen, CEO Tel. +358 44 517 4543 Email: jussi.holopainen@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com Enersense_P2X_ENG_12042024
Enersense publishes 2023 financial comparison figures for its business areas according to new organisational structure Enersense International Plc Stock exchange release, 11 April 2024 at 3:15 p.m. Enersense, a provider of zero-emission energy solutions, changed its organisational structure at the beginning of 2024 by combining the Power and International Operations business areas into one Power business area (stock exchange release 9 Jan 2024), and publishes now the 2023 comparison figures for all the business areas. Comparison figures for Industry and Connectivity business areas as well as for the group functions remain unchanged. Financial comparison figures for 2023 according to the new organisational structure are presented below. Quarterly figures are unaudited. Revenue by business area EUR thousand 1–3/2023 4–6/2023 7–9/2023 10–12/2023 1–12/2023 Industry 26,150 26,839 26,668 34,055 113,712 Power 38,079 45,831 51,070 56,711 191,691 Connectivity 10,774 13,600 16,364 17,033 57,771 Items not allocated to business areas -5 54 66 28 144 Total 74,998 86,324 94,168 107,827 363,318 EBITDA by business area EUR thousand 1–3/2023 4–6/2023 7–9/2023 10–12/2023 1–12/2023 Industry 1,108 952 2,482 720 5,262 Power 226 2,687 2,054 9,767 14,733 Connectivity -40 -125 1,363 1,075 2,273 Items not allocated to business areas -1,236 -468 -1,954 -3,907 -7,564 Total 58 3,046 3,945 7,655 14,704 EBITDA-% by business area 1–3/2023 4–6/2023 7–9/2023 10–12/2023 1–12/2023 Industry 4.2 3.5 9.3 2.1 4.6 Power 0.6 5.9 4.0 17.2 7.7 Connectivity -0.4 -0.9 8.3 6.3 3.9 Total 0.1 3.5 4.2 7.1 4.0 Order backlog by business area MEUR 31.03.2023 30.06.2023 30.09.2023 31.12.2023 Industry 187 170 168 144 Power 243 230 202 185 Connectivity 96 127 141 128 Total 526 527 511 457 Person-years (average over the period) by business area 31.03.2023 30.06.2023 30.09.2023 31.12.2023 Industry 775 699 713 716 Power 814 811 810 812 Connectivity 344 346 353 355 Others 60 55 57 59 Total 1,993 1,911 1,933 1,942 ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Risto Takkala, acting CFO Tel.: +358 45 127 4414 Email: risto.takkala@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com Distribution: Nasdaq Helsinki Major media www.enersense.com Enersense_comparison_figures_segments_2023_ENG_11042024
A change in Enersense’s Group Executive Team Enersense International Plc Stock exchange release, 9 April 2024 at 2:00 p.m. Enersense International Plc and Mikko Jaskari, the company’s CFO and a member of the Group Executive Team, have agreed that Jaskari will step down from his position to take on new challenges. “I would like to thank Mikko for his excellent work as the company’s CFO and a member of the Group Executive Team. On my part and on behalf of the entire Enersense personnel, I would like to wish him all the best and success in the future,” says CEO Jussi Holopainen. Jyrki Paappa has been appointed new CFO and member of the Group Executive Team from 22 July 2024. Before his transfer to Enersense, Paappa worked as the CFO and a member of the Group Executive Team of HKScan Corporation since 2019. Previously, he worked as the CFO of Raisio plc and Maintpartner Group. Paappa has a master’s degree in economics. “Enersense’s industry, responding to the growth challenge and the company’s role in accelerating the green transition, which is also significant on a national scale, offers an enjoyable and broad range of tasks. I cannot wait to start working with the company’s personnel and stakeholders,” Paappa says. “I am happy to welcome Jyrki Paappa to our Group Executive Team. He is a highly experienced professional who can help us on our growth path towards our strategic goals,” Holopainen says. Risto Takkala is Enersense’s acting CFO. ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Jussi Holopainen, CEO Tel. +358 44 517 4543 Email: jussi.holopainen@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com Distribution: Nasdaq Helsinki Major media www.enersense.com Change_in_Enersense_GET_ENG_09042024
Resolutions of Enersense International Plc’s Annual General Meeting and the organizing meeting of the Board of Directors Enersense International Plc Stock Exchange Release 4 April 2024 at 6:40 p.m. The Annual General Meeting of Enersense International Plc (the “Company”) was held on 4 April 2024 starting at 2:00 p.m. at Eliel studio in Sanomatalo at the address Töölönlahdenkatu 2, FI-00100 Helsinki, Finland. The Annual General Meeting approved all proposals made by the Shareholders’ Nomination Board and the Board of Directors to the Annual General Meeting. ADOPTION OF THE FINANCIAL STATEMENTS The Annual General Meeting resolved to adopt the financial statements, which include the consolidated financial statements, for the financial period 1 January 2023–31 December 2023. RESOLUTION ON THE USE OF THE PROFIT SHOWN ON THE BALANCE SHEET AND THE DISTRIBUTION OF FUNDS The Annual General Meeting resolved that the result for the financial period 1 January 2023 to 31 December 2023 be transferred to the profit and loss account for previous financial periods and that, based on the balance sheet to be adopted for the financial period, no dividends be paid to shareholders. In addition, the Annual General Meeting resolved to authorize the Board of Directors to decide on the distribution of funds to shareholders from the invested unrestricted equity reserve as a return of capital of at most EUR 0.10 per share, i.e. at most EUR 1,649,252.70 in total. The return of capital could be paid in up to two instalments during the period between July and December 2024 as determined by the Board of Directors. The possible return of capital will be paid to shareholders who, on the record dates determined subsequently by the Board of Directors, are registered in the shareholders’ register of the Company maintained by Euroclear Finland Ltd. The authorization is valid until 31 December 2024 at the latest. DISCHARGE FROM LIABILITY The Annual General Meeting resolved to discharge all persons that had acted as members of the Board of Directors or as CEO from liability for the financial period 1 January 2023–31 December 2023. CONSIDERATION OF THE REMUNERATION REPORT FOR GOVERNING BODIES The Annual General Meeting approved the remuneration report for the Company’s governing bodies for 2023. The resolution is advisory in accordance with the Finnish Companies Act. AMENDMENT OF THE ARTICLES OF ASSOCIATION OF THE COMPANY The Annual General Meeting resolved to amend Article 5 and Article 8 of the Articles of Association of the Company as follows: “5. The company has a Board of Directors which consists of a minimum of three (3) and a maximum of eight (8) ordinary members. The Board members’ term of office ends at the close of the first Annual General Meeting following their election.” “8. The Annual General Meeting shall be held annually on a date determined by the Board of Directors, within six months from the end of the financial period. At the Annual General Meeting shall be presented 1. the financial statements, including the income statement and the balance sheet 2. the report of the Board of Directors 3. the auditor’s report 4. the remuneration report decided 5. the adoption of the financial statements 6. the use of the profit shown on the balance sheet 7. the discharge of the members of the Board of Directors and the Managing Director from liability 8. the adoption of the remuneration report 9. the remuneration of the members of the Board of Directors and the auditor 10. the number of members of the Board of Directors elected 11. the members of the Board of Directors 12. the auditor, who is an authorised public accountant, or an accounting firm, whose principal auditor must be an authorised public accountant. 13. the CSRD assurance provider, which must be a sustainability auditing firm, and the key sustainability partner named by which must be a sustainability reporting auditor.” RESOLUTION ON THE REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS The Annual General Meeting resolved that the following annual remuneration shall be paid to the members of the Board of Directors: annual fee of EUR 42,000 for the Chair annual fee of EUR 32,000 for the Vice Chair annual fee of EUR 27,000 for each member In addition, the Annual General Meeting resolved that the following meeting fees for each meeting of the Board of Directors and committees shall be paid: EUR 1,000 for Chairs of the Board of Directors and committees EUR 500 for other members. Furthermore, travel expenses are reimbursed in accordance with the Company’s current travel reimbursement policy. NUMBER OF MEMBERS AND ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS The Annual General Meeting resolved that the number of ordinary members of the Board of Directors shall be eight (8) and that the term of office of the new members of the Board of Directors will begin after the amendment of the Articles of Association has been entered in the Trade Register. The Annual General Meeting resolved to re-elect Jaakko Eskola, Sirpa-Helena Sormunen, Sari Helander, Petri Suokas, Anna Miettinen and Carl Haglund as members of the Board of Directors, and Ville Vuori and Anders Dahlblom were elected as new members of the Board of Directors. ELECTION AND REMUNERATION OF THE AUDITOR The Annual General Meeting resolved that auditing firm KPMG Oy Ab continues as the auditor of the Company. Heli Tuuri, Authorised Public Accountant, shall be the principally responsible auditor. The term of office of the auditor shall end at the end of the next Annual General Meeting following the election. The auditor’s remuneration shall be paid according to a reasonable invoice approved by the Audit Committee. In addition the Annual General Meeting resolved that auditing firm KPMG Oy Ab will also act, in accordance with the transitional provision of the Act amending the Companies Act (1252/2023), as the Company’s CSRD assurance provider for a term ending at the close of the Company’s next Annual General Meeting, and a fee for this duty will be paid according to an invoice approved by the Audit Committee. AUTHORIZING THE BOARD OF DIRECTORS TO DECIDE ON THE ISSUANCE OF SHARES AS WELL AS THE ISSUANCE OF OPTION RIGHTS AND OTHER SPECIAL RIGHTS ENTITLING TO SHARES The Annual General Meeting resolved to authorize the Board of Directors to decide on a paid share issue and on granting option rights and other special rights entitling to shares as set out in Chapter 10 Section 1 of the Finnish Limited Liability Companies Act, or on the com-bination of some of the aforementioned instruments in one or more tranches on the following terms and conditions: A maximum of 1 649 250 new and/or treasury shares of the Company (including shares to be issued based on special rights) may be issued under the authorization. Within the limits of the authorization, the Board of Directors is given the right to decide on all terms and conditions for issuing shares and granting option rights and other special rights entitling to shares. The Board of Directors is authorized to decide on the recording of the subscription price either as a share capital increase, or fully or partly in the reserve for invested unrestricted equity. A share issue and the issuance of special rights entitling to shares may also take place as a directed issue in deviation of the shareholder’s pre-emptive right if the Company has a weighty financial reason for this under the Limited Liability Companies Act (directed issue). In that case, the authorization can be used to finance corporate acquisitions or other investments that are part of the Company’s business, to maintain and increase the Group’s solvency, to implement an incentive scheme, and to expand the ownership base and develop the capital structure. The authorization does not revoke the authorization granted by the Company’s Extraordinary General Meeting on 23 December 2022 to decide on the issuance of special rights entitling to shares. The authorization is valid until the close of the next Annual General Meeting, but no longer than until 30 June 2025. AUTHORIZING THE BOARD OF DIRECTORS TO DECIDE ON THE REPURCHASE AND/OR ON THE ACCEPTANCE AS PLEDGE OF THE COMPANY’S OWN SHARES The Annual General Meeting authorized the Board of Directors to decide on the repurchase and/or on the acceptance as pledge of the Company’s own shares under the following conditions: A maximum of 824 630 shares may be repurchased and/or accepted as pledge. The shares will be purchased in trading organized by Nasdaq Helsinki Ltd at the market price on the date of repurchase. Own shares may be repurchased and/or accepted as pledge in deviation from the sharehold-ers’ proportional holdings (directed repurchase and/or directed acceptance as pledge). The repurchase of shares reduces the Company’s unrestricted equity. The Board of Directors decides on the manner in which the shares are repurchased/or accepted as pledge. The authorization is valid until the close of the next Annual General Meeting, but no longer than until 30 June 2025. MINUTES OF THE ANNUAL GENERAL MEETING The minutes of the Annual General Meeting shall be available on the Company’s website on 18 April 2024 at the latest. ORGANIZING MEETING OF THE BOARD OF DIRECTORS The Board of Directors, which convened after the Annual General Meeting, elected Jaakko Eskola as the Chairperson of the Board of Directors and Sirpa-Helena Sormunen as Vice Chairperson of the Board of Directors. In addition, the Board of Directors elected the members of the Audit Committee and the Remuneration Committee from among its members. Sari Helander was elected as the Chairperson of the Audit Committee and Anders Dahlblom, Carl Haglund and Petri Suokas as members of the Audit Committee. Anders Dahlblom’s membership in the Audit Committee begins with the start of his term as a board member. Jaakko Eskola was elected as the Chairperson of the Remuneration Committee and Anna Miettinen, Sirpa-Helena Sormunen and Ville Vuori were elected as members of the Remuneration Committee. Ville Vuori’s membership in the Remuneration Committee committee begins with the start of his term as a board member. In its organizational meeting, the Board of Directors decided to establish, from among its members, a Strategy Committee who assists the Board of Directors in decisions regarding Enersense’s strategy. Carl Haglund was elected as the Chairperson of the Strategy Committee and Anders Dahlblom, Anna Miettinen and Ville Vuori as members of the Strategy Committee. Anders Dahlblom’s and Ville Vuori’s membership in the Strategy Committee committee begin with the start of their term as a board member. The Board of Directors has assessed the independence of its members and concluded that all Board members are independent of the company. In addition, all members except for Jaakko Eskola and Anders Dahlblom are independent of the company’s major shareholders. Jaakko Eskola is not considered to be independent of the Company’s significant shareholders as he holds the position of Senior Industrial Advisor to Nidoco AB. Anders Dahlblom is not considered to be independent of the Company’s significant shareholders as he holds the position of Chief Operating Officer at Virala Oy Ab, which is the parent company of Nidoco AB. ENERSENSE INTERNATIONAL PLC Board of Directors More information: Tommi Manninen, Senior Vice President, Communications and Public Affairs Phone: +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION: Nasdaq Helsinki Major media www.enersense.com Enersense_AGM_resolutions_BoD_organisation_04042024
Target of 1,000 MW new wind power projects reached well ahead of the schedule Enersense International Plc Investor news, 19 March 2024 at 3:10 p.m. The targeted development phase for the new 1,000 MW wind power project portfolio has been achieved more than 1 year earlier than expected. Originally the target was set for May 2025 in the cooperation agreement signed in May 2022 between Enersense, a provider of zero-emission energy solutions, and VALOREM, a French origin developer and green IPP. The 1000-MW portfolio is under land use planning and EIA processes. “We are glad that Enersense was quicker than expected to submit this new 1GW portfolio and excited for our collaboration for the next milestones,“ says Gwenaël Jestin, Head of International Development for VALOREM Group. Based on a previous cooperation agreement made in 2015, Enersense has already earlier started development of altogether 500 MW of wind projects together with VALOREM Group. “Enersense Wind, part of Enersense’s Power business area, has proven that the expertise of its skilled and professional team in the identification of potential areas and the development of projects is paying off. Apart from the 1,500 MW portfolio now under development with VALOREM Group, a total of 6,900 MW of onshore wind power projects in Enersense’s wind power portfolio and all upcoming new onshore wind power projects are owned and managed by Enersense solely and support the company’s target of starting its own energy production,” says Sirpa Smids, Vice President of Renewable Energy in the Power business area. More information: Sirpa Smids, Vice President, Renewable Energy, Power Tel.: +358 40 7123661 Email: sirpa.smids@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 0437515 Email: tommi.manninen@enersense.com Enersense_wind_power_projects_ENG_19032024
Notice of Enersense International Plc’s Annual General Meeting Enersense International Plc Stock exchange release 29 February 2024 at 4:15 p.m. The shareholders of Enersense International Plc (“Enersense” or “Company”) are invited to the Annual General Meeting (“General Meeting”) to be held on Thursday 4 April 2024 at 2:00 p.m. (EET) at Eliel studio in Sanomatalo at the address Töölönlahdenkatu 2, FI-00100 Helsinki, Finland. Arrival is by the main doors on the Postitalo side, at street level, opposite the R-kiosk. The reception of persons who have registered for the meeting and the distribution of voting tickets and serving of coffee will commence at 1:00 p.m. Shareholders may also exercise their right to vote at the General Meeting by voting in advance. Instructions for advance voting are provided in section C. of this General Meeting notice. A. MATTERS ON THE AGENDA OF THE GENERAL MEETING The following matters will be considered at the General Meeting: Opening of the meeting Calling the meeting to order Election of persons to scrutinise the minutes and to supervise the counting of votes Recording the legality of the meeting Recording the attendance at the meeting and adoption of the list of votes Presentation of the financial statements for the financial period 1 January 2023 to 31 December 2023, which include the consolidated financial statements, the report of the Board of Directors and the auditor’s report CEO’s review The financial statements of Enersense, which include the consolidated financial statements, the report of the Board of Directors and the auditor’s report, will be available on the Company’s website at www.enersense.com/investors/governance/general-meeting/ during week 10 at the latest. Adoption of the financial statements Resolution on the use of the profit shown on the balance sheet and the distribution of funds The Board of Directors proposes to the General Meeting that the result for the financial period 1 January 2023 to 31 December 2023 be transferred to the profit and loss account for previous financial periods and that, based on the balance sheet to be adopted for the financial period, no dividends be paid to shareholders. In addition, the Board of Directors proposes to the General Meeting that the Board of Directors be authorized to decide on the distribution of funds to shareholders from the invested unrestricted equity reserve as a return of capital of at most EUR 0.10 per share, i.e. at most EUR 1,649,252.70 in total. The return of capital could be paid in up to two instalments during the period between July and December 2024 as determined by the Board of Directors. The possible return of capital would be paid to shareholders who, on the record dates determined subsequently by the Board of Directors, are registered in the shareholders’ register of the Company maintained by Euroclear Finland Ltd. The authorization is valid until 31 December 2024 at the latest. Resolution on the discharge of the members of the Board of Directors and the CEO from liability for the financial period 1 January 2023 to 31 December 2023 Consideration of the remuneration report for governing bodies The Board of Directors proposes that the remuneration report for the Company’s governing bodies for 2023 be approved. Pursuant to the Finnish Limited Liability Companies Act, the decision is advisory. The remuneration report for governing bodies will be available on the Company’s website at www.enersense.com/investors/governance/general-meeting/ during week 10 at the latest. Proposal of the Board of Directors for amending the Articles of Association The Board of Directors proposes to the General Meeting that Article 5 and Article 8 of the Articles of Association be amended so that Article 5 is amended by increasing the maximum number of ordinary members of the Board of Directors by one, and Article 8 is amended to reflect the terminology of the Limited Liability Companies Act, among others by adding subsections concerning the processing of the remuneration report and the CSRD assurance provider and their election. After the amendments, the above-mentioned sections of the Articles of Association read as follows: “5. The company has a Board of Directors which consists of a minimum of three (3) and a maximum of eight (8) ordinary members. The Board members’ term of office ends at the close of the first Annual General Meeting following their election.” “8. The Annual General Meeting shall be held annually on a date determined by the Board of Directors, within six months from the end of the financial period. At the Annual General Meeting shall be presented the financial statements, including the income statement and the balance sheet the report of the Board of Directors the auditor’s report the remuneration report decided 5. the adoption of the financial statements 6. the use of the profit shown on the balance sheet 7. the discharge of the members of the Board of Directors and the Managing Director from liability 8. the adoption of the remuneration report 9. the remuneration of the members of the Board of Directors and the auditor 10. the number of members of the Board of Directors elected 11. the members of the Board of Directors 12. the auditor, who is an authorised public accountant, or an accounting firm, whose principal auditor must be an authorised public accountant. 13. the CSRD assurance provider, which must be a sustainability auditing firm, and the key sustainability partner named by which must be a sustainability reporting auditor.” Resolution on the remuneration of the members of the Board of Directors and on the grounds for compensation of travel expenses The Shareholders’ Nomination Board proposes to the General Meeting that the fees to be paid to the members of the Board of Directors in the upcoming term of office will be: annual fee of EUR 42,000 for the Chair; annual fee of EUR 32,000 for the Vice Chair; and annual fee of EUR 27,000 for each member In addition, meeting fees are paid for each meeting of the Board of Directors and of committees: EUR 1,000 for Chairs of the Board of Directors and of committees; and EUR 500 for other members. Travel expenses are proposed to be reimbursed in accordance with the Company’s current travel reimbursement policy. Resolution on the number of Members of the Board of Directors According to the Company’s Articles of Association, the Board of Directors consists of at least three (3) and at most of seven (7) ordinary members, however, such that after the possible approval of the amendment of the Articles of Association mentioned in section 11 and its registration in the Trade Register, the Board of Directors of the Company shall consist of at least three (3) and at most eight (8) ordinary members. The Shareholders’ Nomination Board proposes to the General Meeting that the Board of Directors be composed of eight (8) ordinary members, the term of office of the new members of the Board of Directors beginning after the amendment of the Articles of Association proposed in section 11 has been entered in the Trade Register. Election of the Members of the Board of Directors The Shareholders’ Nomination Board proposes to the General Meeting that, for the term of office ending at the end of the 2025 Annual General Meeting, Jaakko Eskola, Sirpa-Helena Sormunen, Sari Helander, Petri Suokas, Anna Miettinen and Carl Haglund be re-elected as board members, and Ville Vuori and Anders Dahlbom be elected as new board members. According to the proposal, the term of office of the new board members will begin after the amendment of the Articles of Association proposed in section 11 has been entered in the Trade Register. The Nomination Board has considered the requirements set by Enersense’s operations and Enersense’s diversity principles in preparing the composition of the Board of Directors. Information on the proposed board members is available on Enersense’s website at https://enersense.fi/investors/governance/general-meeting/. The Board of Directors elects a Chair and a Vice Chair from among its members. The Nomination Board recommends that the organisational meeting of the Board of Directors re-elect Jaakko Eskola as Chair of the Board of Directors and Sirpa-Helena Sormunen as Vice Chair of the Board of Directors. All candidates have given consent to their election to office and, according to the Nomination Board’s assessment, all candidates are independent of the Company at the time of the submission of the proposal. Sirpa-Helena Sormunen, Sari Helander, Petri Suokas, Carl Haglund, Anna Miettinen and Ville Vuori are in addition independent of significant shareholders. Jaakko Eskola is not independent of the Company’s significant shareholders as he holds the position of Senior Industrial Advisor at Nidoco AB. Anders Dahlbom is not independent of the Company’s significant shareholders as he holds the position of Chief Operating Officer at Virala Oy Ab, which is the parent company of Nidoco AB. Resolution on the remuneration of the auditor On the recommendation of the Board’s Audit Committee, the Board of Directors proposes to the General Meeting that the auditor’s remuneration be paid against the auditor’s reasonable invoice approved by the Audit Committee. Election of the Auditor On the recommendation of the Board’s Audit Committee, the Board of Directors proposes to the General Meeting that audit firm KPMG Oy Ab, who have named Authorized Public Accountant Heli Tuuri as the principal auditor, be elected as the auditor. The term of office of the auditor ends at the close of the first Annual General Meeting following the election. The Audit Committee has prepared its recommendation in accordance with the EU Audit Regulation (537/2014). The Audit Committee hereby confirms that its recommendation is free from influence by a third party and that no clause of the kind referred to in paragraph 6 of Article 16 of the EU Audit Regulation, which would restrict the choice by the General Meeting as regards the appointment of the auditor, has been imposed upon it. If KPMG Oy Ab is elected as the Company’s auditor, in accordance with the transitional provision of the Act amending the Companies Act (1252/2023), it will also act as the Company’s CSRD assurance provider for a term ending at the close of the Company’s next Annual General Meeting, and a fee for this duty will be paid according to an invoice approved by the Audit Committee. Authorizing the Board of Directors to decide on a share issue and on granting option rights and other special rights entitling to shares The Board of Directors proposes that the General Meeting authorize the Board to decide on a paid share issue and on granting option rights and other special rights entitling to shares as set out in Chapter 10 Section 1 of the Finnish Limited Liability Companies Act, or on the combination of some of the aforementioned instruments in one or more tranches on the following terms and conditions: A maximum of 1 649 250 new and/or treasury shares of the Company (including shares to be issued based on special rights) may be issued under the authorization, which corresponds to approximately 10 per cent of all the shares in the Company’s shares at the time of the convocation of the General Meeting. Within the limits of the foregoing authorization, the Board of Directors is given the right to decide on all terms and conditions for issuing shares and granting option rights and other special rights entitling to shares. The Board of Directors is authorized to decide on the recording of the subscription price either as a share capital increase, or fully or partly in the reserve for invested unrestricted equity. A share issue and the issuance of special rights entitling to shares may also take place as a directed issue in deviation of the shareholder’s pre-emptive right if the Company has a weighty financial reason for this under the Limited Liability Companies Act (directed issue). In that case, the authorization can be used to finance corporate acquisitions or other investments that are part of the Company’s business, to maintain and increase the Group’s solvency, to implement an incentive scheme, and to expand the ownership base and develop the capital structure. The authorization does not revoke the authorization granted by the Company’s Extraordinary General Meeting on 23 December 2022 to decide on the issuance of special rights entitling to shares. The authorization is proposed to be effective until the close of the next Annual General Meeting, but no longer than until 30 June 2025. Authorizing the Board of Directors to decide on the repurchase and/or on the acceptance as pledge of the Company’s own shares The Board of Directors proposes to the General Meeting that the General Meeting authorize the Board of Directors to decide on the repurchase and/or on the acceptance as pledge of the Company’s own shares under the following conditions: A maximum of 824 630 shares may be repurchased and/or accepted as pledge, which corresponds to approximately 5 percent of all the shares in the Company at the time of the convocation of the General Meeting. The shares will be purchased in trading organized by Nasdaq Helsinki Ltd at the market price on the date of repurchase. Own shares may be repurchased and/or accepted as pledge in deviation from the shareholders’ proportional holdings (directed repurchase and/or directed acceptance as pledge). The repurchase of shares reduces the Company’s unrestricted equity. The Board of Directors shall decide on the manner in which the shares are repurchased/or accepted as pledge. The authorization is proposed to be effective until the close of the next Annual General Meeting, but no longer than until 30 June 2025. Closing of the Meeting B. DOCUMENTS OF THE GENERAL MEETING The proposals for decisions on the matters on the agenda of the General Meeting as well as this notice are available on the Company’s website at www.enersense.com/investors/governance/general-meeting/. The financial statements, including the consolidated financial statements, the report of the Board of Directors and the auditor’s report, as well as the remuneration report will also be available on the above website during week 10 at the latest. The proposed resolutions and other documents mentioned above will also be available for inspection at the General Meeting. The minutes of the meeting will be available on the Company’s website by on Thursday 18 April 2024. C. INSTRUCTIONS FOR THE PARTICIPANTS IN THE GENERAL MEETING 1. Shareholders registered in the shareholders’ register Shareholders who are on the record date of the General Meeting, Thursday 21 March 2024, registered in the Company’s shareholders’ register maintained by Euroclear Finland Oy are entitled to attend the meeting. Shareholders whose shares are registered on their personal Finnish book-entry accounts are registered in the shareholders’ register of the Company. Registration for the General Meeting begins on 1 March 2024 at 2:00 p.m. (EET). Shareholders registered in the shareholders’ register of the Company, who wish to attend the General Meeting, must register for the meeting at the latest on Tuesday 26 March 2024 at 3:00 p.m. (EET), by which time the Company must have received the registration. Registration for the General Meeting takes place: a) through the Company’s website at the address www.enersense.com/investors/governance/general-meeting/. Electronic registration requires strong identification by the shareholder or their legal representative or proxy using a Finnish, Swedish or Danish banking code or mobile ID. If a legal person uses the Suomi.fi e-Authorization, registration requires strong electronic authentication of the authorized person by using a banking code or mobile ID. b) by e-mail to Innovatics Oy at agm@innovatics.fi. When registering, the shareholder must include in the e-mail message the registration form and possible advance voting form available on the Company’s website www.enersense.com/investors/governance/general-meeting/, or corresponding information. c) by letter to Innovatics Oy at the address Innovatics Oy, General Meeting / Enersense International Plc, Ratamestarinkatu 13 A, 00520 Helsinki. When registering, the shareholder shall include enclose with the letter the registration form and possible advance voting form available on the Company’s website www.enersense.com/investors/governance/general-meeting/, or corresponding information. Changes in shareholding after the record date of the General Meeting will not affect the right to participate in the General Meeting or the number of voting rights held by a shareholder in the meeting. When registering, the requested information, such as the shareholder’s name, date of birth or business ID, address, telephone number and e-mail address as well as the name of a possible assistant or proxy representative and date of birth of the proxy representative must be provided. The personal data provided will only be used in connection with the General Meeting and in processing the necessary registrations related to the meeting. Further information related to registration and advance voting is available by telephone during the registration period for the General Meeting from Innovatics Oy from the telephone number 010 2818 909 on workdays at 9 a.m. to 12 noon and from 1 p.m. to 4 p.m. The shareholder, their authorized representative or proxy representative shall, where necessary, be able to prove their identity and/or right of representation at the venue of the meeting. 2. Holders of nominee-registered shares A holder of nominee-registered shares has the right to participate in the General Meeting by virtue of shares, on the basis of which the shareholder would, on the record date of the General Meeting, i.e. on Thursday 21 March 2024, be entitled to be registered in the Company’s shareholders’ register maintained by Euroclear Finland Ltd. The right to participate in the General Meeting further requires that, on the basis of such shares, the shareholder has been registered in the temporary shareholders’ register maintained by Euroclear Finland Ltd at the latest on 28 March 2024 by 10:00 a.m. (EET). As regards nominee-registered shares, this constitutes due registration for the General Meeting. Changes in shareholding after the record date of the General Meeting will not affect the right to participate in the General Meeting or the number of voting rights held by a shareholder in the meeting. Holders of nominee-registered shares are advised to request the necessary instructions regarding temporary registration in the shareholders’ register of the Company, issuing of proxy documents and voting instructions as well as registration and attendance at the General Meeting and, if necessary, advance voting from their custodian banks well before the meeting. The account management organisation of the custodian bank shall register a holder of nominee-registered shares who wishes to participate in the Annual General Meeting in the temporary shareholders’ register of the Company at the latest by the time stated above and, if necessary, arrange for advance voting on behalf of the holder of nominee-registered shares before the end of the registration period for holders of nominee-registered shares . The consideration of any voting instructions of a nominee-registered shareholder at the meeting requires that the shareholder has registered for the General Meeting and that the shareholder is present or represented at the meeting. 3. Proxy representative and proxy documents A shareholder may participate in the General Meeting, and exercise their rights at the meeting, by way of proxy representation. A shareholder’s proxy representative may also elect to vote in advance as described in this notice if they so wish. Proxy representatives must identify themselves in the electronic registration service and for advance voting personally by strong identification, after which they will be able to register on behalf of the shareholder they represent and, where necessary, also to vote in advance. The shareholder’s proxy representative must produce a dated proxy document or otherwise in a reliable manner demonstrate their right to represent the shareholder at the General Meeting. The right of legal representation can be demonstrated by utilising the Suomi.fi e-Authorizations service available in the electronic registration service. A model proxy authorization document will be available on the Company’s website at www.enersense.com/investors/governance/general-meeting/ by 1 March 2024 at 2:00 p.m. (EET) at the latest. If a shareholder participates in a General Meeting through several proxy representatives representing the shareholder with shares on different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the General Meeting. Possible proxy documents shall be delivered primarily as attached files in connection with electronic registration or alternatively by mail to the address Innovatics Ltd, Annual General Meeting/Enersense International Plc, Ratamestarinkatu 13 A, 00520 Helsinki, or by e-mail to the address agm@innovatics.fi before the last date of registration. In addition to delivering the proxy documents, the shareholder or their proxy representative shall attend to the registration for the General Meeting as specified above in this notice. Advance voting A shareholder whose shares in the Company are registered in their personal Finnish book-entry account may vote in advance between 1 March 2024 at 2:00 p.m. (EET) and 26 March 2024 at 3 p.m. (EET) on certain items on the agenda of the General Meeting via the Company’s website at www.enersense.com/investors/governance/general-meeting/. Login to the service is done in the same way as for registration in section C.1 of this notice. by mail by submitting the advance voting form available on the Company’s website or equivalent information to Innovatics Oy at Innovatics Oy, General Meeting / Enersense International Plc, Ratamestarinkatu 13 A, FI-00520 Helsinki, Finland. or by e-mail by submitting the advance voting form available on the Company’s website or equivalent information to Innovatics Oy by e-mail at agm@innovatics.fi. Advance votes must be received by the time the advance voting ends. The submission of votes by mail or e-mail before the end of the registration and advance voting period shall be considered as registration for the General Meeting, provided that it contains the above information required for registration. A shareholder who has voted in advance cannot exercise the right to ask questions or demand a vote under the Finnish Limited Liability Companies Act unless they attend the General Meeting in person or by proxy at the meeting venue. With respect to nominee-registered shareholders, the advance voting is carried out by the account manager. The account manager may vote in advance on behalf of the holders of nominee-registered shares whom they represent in accordance with the voting instructions given by them during the registration period set for the nominee-registered shareholders. Proposals for resolution that are subject to advance voting are deemed to have been made at the General Meeting without any changes. 5. Other instructions and information The language of the meeting is Finnish. Pursuant to Chapter 5 Section 25 of the Limited Liability Companies Act, a shareholder who is present at the General Meeting has the right to request information with respect to the matters to be considered at the meeting. Changes in shareholding after the record date of the General Meeting will not affect the right to participate in the General Meeting or the number of voting rights held by a shareholder in the meeting. On the date of this notice of the General Meeting, 29 February 2024, the total number of shares in Enersense International Plc, and votes represented by such shares, is 16,492,527. In Pori on 29 February 2024 ENERSENSE INTERNATIONAL PLC Board of Directors More information: Tommi Manninen, Senior Vice President, Communications and Public Affairs Phone: +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION: Nasdaq Helsinki Major media www.enersense.com Enersense_AGM_Notice_ENG_29022024
The Board of Directors of Enersense international plc decided on the group key employee incentive plan Enersense International Plc Stock Exchange Release 29 February 2024 at 1:30 p.m. The Board of Directors of Enersense International Plc has decided on new share-based incentive plan directed to the Group key employees. The aim is to align the objectives of the shareholders and key employees for increasing the value of the company in the long-term, to retain the key employees at the company and to offer them competitive incentive plan that is based on earning and accumulating the company’s shares. The new incentive plan is a continuation of the Performance Share Plan 2023–2025 decided in February 2023. The new Performance Share Plan 2024–2026 consists of one performance period, covering the financial years 2024–2026. In the plan, the target group is given an opportunity to earn Enersense International Plc shares based on performance. The rewards of the plan are based on the absolute total shareholder return of the company’s share (TSR) for the financial years 2024—2026, on the Group’s cumulative EBITDA in euro for the financial years 2024—2026, and on the execution of the Group’s ESG program. The potential rewards based on the plan will be paid after the end of the performance period, in spring 2027. The rewards will be paid partly in Enersense International Plc shares and partly in cash. The cash proportions of the rewards are intended for covering taxes and statutory social security contributions arising from the rewards to the participants. In general, no reward is paid if the participant’s employment or director contract terminates before the reward payment. The rewards to be paid based on the plan correspond to the value of an approximate maximum total of 369,784 Enersense International Plc shares, also including the proportion to be paid in cash. Approximately 40 persons, including the President and CEO and other members of the Group Executive Team, belong to the target group of the plan. The President and CEO of Enersense International Plc and the member of the Group Executive Team must own at least 50 per cent of the shares received as a net reward from the plan, until the value of the President and CEO’s shareholding in Enersense International Plc equals to his annual base salary of the preceding year, and until the value of other Group Executive Team member’s shareholding in Enersense International Plc equals to 50 per cent of their annual base salary of the preceding year. Such number of Enersense International Plc shares must be held as long as the membership in the Group Executive Team or the position as the President and CEO continues. ENERSENSE INTERNATIONAL PLC Board of Directors More information: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION Nasdaq Helsinki Key media www.enersense.fi Enersense_incentive_plans_ENG_29022024
Enersense has signed follow-up agreement regarding the maintenance of Elektrilevi electricity networks in Estonia Enersense International Plc Investor news 12 February 2024 at 10:45 a.m. Enersense, a provider of zero-emission energy solutions, has signed a follow-up agreement with the Estonian network operator, Elektrilevi, regarding the maintenance of electricity networks. The total value of the contract for Enersense is approximately EUR 8 million. The order will be recognised in the order backlog of Enersense’s Power business area for the first quarter of 2024. The agreement includes the maintenance of electricity distribution networks, troubleshooting and connecting solar parks in Estonia’s West-Harju areas to the electricity distribution network. The work completed under these contracts employs an estimated 50 people in total. The work will begin in March 2024 and will be carried out in cooperation with E-Service, Estonian company specializing in electrical installations. The contract will expire by the end of the first quarter of 2026. ”The agreements with Elektrilevi are important to us. Among other things, these will strengthen our position in the Baltic market and support our vision of being a major implementor of a zero-emission society. Elektrilevi is a great customer for us in Estonia. It is a sign of our success that our cooperation continues in a strategically important project for us,” comments Juha Silvola, EVP of Enersense’s Power segment. More information: Juha Silvola, EVP, Power Tel. +358 40 763 1599 Email: juha.silvola@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com enersense_elektrilevi_12022024_ENG
Enersense International Plc: Notification under chapter 9, section 5 and 6 of the Securities Market Act (Virala Oy Ab) Enersense International Plc Stock Exchange Release 5 February 2024 at 4:00 p.m. Enersense International Plc has, on 5 February 2024, received from Virala Oy Ab a notification, pursuant to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act (SMA), about a change in their shareholding. According to the notification Virala Oy Ab’s subsidiary Nidoco AB holds 21.98% of Enersense’s total number of shares and votes. Virala Oy Ab’s holding through financial instruments amounts to 800,000 shares, which corresponds to 4.85% of the total amount of Enersense’s shares. The combined holding of Virala and Nidoco together is 4,425,000 shares, which corresponds to 26.83% of Enersense’s shares and votes. Before the notification, Nidoco’s holding was 4,425,000 shares, which corresponded to 26.83% of Enersense’s shares and votes. Enersense’s total number of shares and voting rights is 16,492,527. Holdings according to the notification: % of shares and voting rights(total of 7.A) % of shares and voting rights through financial instruments(total of 7.B) Total of both in % (7.A + 7.B) Resulting situation on the date on which threshold was crossed or reached 21.98 4.85 26,83 Position of previous notification 25.01 – 25.01 A: Shares and voting rights Class/type ofsharesISIN code Number of shares and voting rights % of shares and voting rights Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7) Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7) FI4000301585 0 3,625,000 0 21.98 SUBTOTAL A 3,625,000 21.98 B: Financial Instruments according to SMA 9:6a Type of financial instrument Expiration date Exercise/Conversion Period Physical or cash settlement Number of shares and voting rights % of shares and voting rights Forward contract 19 April 2024 5 February 2024 Physical 800,000 4.85 SUBTOTAL B 800,000 4.85 Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity: Name % of shares and voting rights % of shares and voting rights through financial instruments Total of both Virala Oy Ab – 4.85 800,000 Atine Group Oy – – – Nidoco AB 21.98 – 3,625,000 ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs Further information: Tommi Manninen, SVP, Communications and Public Affairs Telephone: +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION Nasdaq Helsinki Major media www.enersense.fi Enersense_flagging_Virala_ENG_05022024
Enersense selected as the main contractor to upgrade Fingrid’s network in Harjavalta Enersense International Plc Investor news, 5 February 2024 at 11:00 a.m. Enersense, a provider of zero-emission energy solutions, has won Fingrid’s public bidding process to build three new 110 kV substations in the Harjavalta area. The substations will be built as gas insulated switchgear (GIS) using a gas insulation solution that does not contain any SF6 gas which is a significant greenhouse gas. The project will continue until the summer of 2027. The value of the contract is roughly EUR 20 million which will be recognised in the order books of the Power business area for the first quarter of 2024. “We are happy to continue our successful cooperation with Enersense’s skilled and enthusiastic personnel. The SF6-free projects completed last year in Luukkala and currently in progress in Framnäs following the same concept have proceeded very well, and it will be productive to replicate the lessons learned from them,” says Daniel Kuosa, Head of Substation Projects at Fingrid. The project is significant for Enersense. “Our order books will be strengthened far into the future, and we can also maintain our position as a provider of sustainable GIS substation solutions. What is more, this project is an excellent extension to our ongoing projects in which we are using the same technology,” says Joni Parkkinen, Vice President of Transmission Networks at Enersense. The contract agreement will be signed after the appeal period laid down in the Act on Public Procurement and Concession Contracts. More information: Joni Parkkinen, Vice President, Transmission Networks, Power Tel.: +358 50 537 5837 Email: joni.parkkinen@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com Enersense_Harjavalta_ENG_05022024
Enersense’s Shareholders’ Nomination Board’s proposals to the 2024 Annual General Meeting Enersense International Plc Stock exchange release, 2 February 2024 at 12:30 p.m. Enersense International Plc’s Shareholders’ Nomination Board has submitted the following proposals to the company’s Board of Directors for the Annual General Meeting 2024 planned for 4 April 2024: Proposal for the number of members in the Board of Directors and the composition of the Board of Directors The Shareholders’ Nomination Board proposes to the Annual General Meeting that the Board of Directors is composed of eigth (8) members. The Shareholders’ Nomination Board proposes that, for the term of office lasting until the end of the Annual General Meeting 2025, Jaakko Eskola, Sirpa-Helena Sormunen, Sari Helander, Petri Suokas, Anna Miettinen and Carl Haglund will be re-elected as board members. The Shareholders’ Nomination Board also proposes that Ville Vuori and Anders Dahlblom will be elected as new board members. Board professional Ville Vuori, B.Sc. in Engineering, eMBA, has acted as CEO of Kemppi Oy during 2017 – 2023 and as President and CEO of Incap Group during 2014-2017. Before that he worked at Kumera Drives Oy and Skyhow Ltd. as Managing Director and at ABB Group in several managerial positions. Anders Dahlblom, M.Sc.(Econ.), CEFA, will serve as COO at Virala Oy Ab from 16 February 2024. Prior to this, he has been the President & CEO of Glaston Oyj and is currently member of the Board in Conficap Oy and Are Oy. Information about the proposed board members is available on Enersense’s website at https://enersense.com/general-meeting/. The Nomination Board has considered the requirements set by Enersense’s operations and Enersense’s diversity principles as it has prepared the composition of the Board of Directors. The Board of Directors elects its Chair and Vice Chair from among its members. The Nomination Board recommends to the first meeting of the Board of Directors that Jaakko Eskola is re-elected as Chair of the Board of Directors and Sirpa-Helena Sormunen is elected as Vice Chair of the Board of Directors. All candidates have given their consent to be elected for the duty and the Nomination Board assesses that all candidates are independent of the company at the time of submitting the proposal. In addition, Sirpa-Helena Sormunen, Sari Helander, Petri Suokas, Carl Haglund, Anna Miettinen, and Ville Vuori are independent of any significant shareholders. Jaakko Eskola is not independent of one of the company’s significant shareholders as he holds the position of Senior Industrial Advisor at Nidoco AB. Anders Dahlblom is not independent of one the company’s significant shareholder as he will assume the COO role at Virala Oy Ab On 16.2.2024, which is the parent company of Nidoco AB. Proposal for the fee to be paid to the members of the Board of Directors The Shareholders’ Nomination Board proposes to the Annual General Meeting 2024 that the fees to be paid to the members of the Board of Directors in the upcoming term of office will be kept unchanged and are as follows: annual fee of EUR 42,000 for the Chair annual fee of EUR 32,000 for the Vice Chair annual fee of EUR 27,000 for each member The Shareholders’ Nomination Board also proposes that the meeting fees will be kept unchanged. So, in addition to the annual fee, a meeting fee for each meeting of the Board of Directors and committees will be paid as follows: EUR 1,000 for Chairs of the Board of Directors and committees EUR 500 for other members. Travel expenses are proposed to be reimbursed in accordance with the company’s current travel reimbursement policy. Chair of the Shareholder’s Nomination Board which prepared the proposals for the Annual General Meeting 2024 is Alexander Ehrnrooth, Nidoco, and members are Marjo Miettinen, Ensto Invest and Janne Vertanen, Verman Holding. Jaakko Eskola, Chair of the Board of Directors, serves as an expert for the Nomination Board. The Nomination Board’s proposals will be added to the notice of the Annual General Meeting. ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Alexander Ehrnrooth Chair of the Nomination Board Telephone: +358 9 6122340 Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 (0)40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION: Nasdaq Helsinki Key media www.enersense.com Enersense_nomination_board_proposals_02022024
Enersense is planning to simplify its organisational structure to improve its competitiveness, efficiency and expertise – number of reported business areas will be three Enersense International Plc Stock exchange release, 9 January 2024 at 12 p.m. Enersense, a provider of zero-emission energy solutions, is planning to simplify its organisational structure to improve its competitiveness, efficiency and expertise by merging the current Power and International Operations business areas into a single business area. At the same time, the Smart Industry business area will be renamed Industry. From the beginning of 2024, Enersense will report three business areas instead of the current four: Power, Industry, and Connectivity. Comparison figures for 2023 will be published before the publication of results for the first quarter of 2024. “The Power and International Operations business areas carry out highly similar development projects in various areas to enable zero-emission society, and we believe that by bringing our top professionals under the same roof across national boundaries we can significantly increase synergies, expertise, competitiveness and efficiency. This new operating model will also strongly support our growth strategy and goal to expand to new market areas. International teams also provide our personnel with opportunities to develop themselves and their skills, and to work more flexibly in different countries and multinational communities,” says Jussi Holopainen, CEO of Enersense. Changes to Enersense’s Group Executive Team Planned organizational changes will affect the composition of the Group Executive Team of Enersense. The Group Executive Team will be from 9 January 2024 as follows: Jussi Holopainen, President & CEO Mikko Jaskari, CFO Juha Silvola, EVP, Power and Connectivity Jaakko Leivo, EVP, Industry Sami Takila, SVP, Legal Hanna Reijonen, SVP, HR Tommi Manninen, SVP, Communications and Public Affairs One current member of the Group Executive Team, Margus Veensalu, will step down from the Group Executive Team but will continue at Enersense in another role. “I want to thank Margus Veensalu for his excellent work as a member of our Group Executive Team and contribution to the development of our company over the past years”, says Jussi Holopainen, President & CEO. ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Jussi Holopainen, CEO Tel.: +358 44 517 4543 Email: jussi.holopainen@enersense.com Mikko Jaskari, CFO Tel.: +358 40 053 5337 Email: mikko.jaskari@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com Distribution: Nasdaq Helsinki Major media www.enersense.com Enersense_reporting_structure_ENG_09012024
Nordea to start analysis on Enersense Enersense International Plc Investor news, 11 December 2023 at 10:30 a.m. Nordea and their analyst Mr Pasi Väisänen will start following Enersense, a provider of zero-emission energy solutions. From now on, analysts at Nordea, SEB and Inderes are producing analysis on Enersense. EVLI, who have previously followed Enersense, will end their analysis on Enersense in January 2024. More information: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com Enersense_Nordea_IoC_ENG_11122023
Enersense selected as the main contractor for the construction of the Korpilevonmäki wind farm infrastructure Enersense International Plc Investor news, 29 November 2023 at 1:00 p.m. Enersense, a provider of zero-emission energy solutions, has entered into an agreement with Ilmatar Energy on the construction of the Korpilevonmäki wind farm in Säkylä. The order will be recognised in the order book of Enersense’s Power segment for the fourth quarter of 2023. Ilmatar’s Korpilevonmäki wind farm consists of six turbines. The construction project started in November, and the contract is expected to be completed in autumn 2024. Enersense’s delivery includes the construction of roads and lifting areas in the farm, turbine foundations and the internal network as a turnkey delivery. “This is our first construction project for Ilmatar in our history of wind power construction, and we are of course very happy of our selection as the main contractor for the Korpilevonmäki wind farm. The project is a perfect fit for our core expertise and strengthens our cooperation as a provider of wind power services,” says Pekka Pitkämö, Vice President of Sales in Enersense’s Renewable Energy segment. “The Korpilevonmäki wind farm is a very important project for Ilmatar and increases the generation of renewable energy in Finland. While the construction schedule is tight and the market situation is challenging, Enersense’s extensive experience in infrastructure construction in wind power projects convinced us. The construction of the wind farm will start immediately, and we look forward to working with Enersense,” says Antti Lehtinen, Director of Procurement at Ilmatar. Ilmatar is a Nordic energy company and an independent power producer that focuses exclusively on renewable energy. It operates in the development, construction, ownership and maintenance of renewable energy, especially wind and solar power projects. The total output of Ilmatar’s onshore and offshore wind power and solar power projects that are at different stages in the Nordic countries is more than 20 GW. During 2023, Ilmatar will commission six onshore wind farms and one solar power farm in Finland. More information: Pekka Pitkämö, Vice President of Sales, Renewable Energy Tel.: +358 44 425 2240 Email: pekka.pitkamo@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com enersense_ilmatar_29112023_ENG
Enersense has signed a follow-up agreement with Elektrilevi regarding the maintenance of electricity networks in Estonia Enersense International Plc Investor news 24 November 2023 at 2:15 p.m. An Estonian subsidiary of Enersense International Plc, a creator of zero-emission energy solutions, Enersense AS, which operates in the business area of International Operations, has signed a follow-up agreement with Elektrilevi, the largest network operator in Estonia, regarding the maintenance of the electricity networks. The two-year agreement includes maintenance and troubleshooting of electricity distribution networks in the Saaremaa and Hiiumaa area, with works starting in January 2024. The value of the agreement is approximately EUR 7.4 million. The order will be recognised in the order backlog of Enersense’s International Operations business area for the fourth quarter of 2023. “The agreement is important to us for several reasons. Among other things, the signed agreement strengthens our position in the Baltic market and supports our mission to create an emission-free society. Elektrilevi is our largest customer in Estonia, and we have been providing them with our services on a similar contractual basis for more than ten years. It is a sign of our success that our cooperation will continue in a project that is strategically important to us,” says Margus Veensalu, EVP of Enersense International Plc’s International Operations segment. More information: Margus Veensalu, Executive Vice President, International Operations Tel.: +372 50 96 969 Email: margus.veensalu@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com enersense_elektrilevi_24112023_ENG
The Board of Directors of Enersense International Plc has decided on the payment of the second instalment of a return of capital based on the authorisation granted by the Annual General Meeting Enersense International Plc Stock exchange release 27 October 2023 at 12:05 p.m. Enersense International Plc’s Board of Directors has decided on the record date and payment date for the second instalment of a return of capital of EUR 0.05 for the financial year 2022 authorised by Annual General Meeting on 4 April 2023. Based on the Board of Directors’ decision, the second instalment of a return of capital, EUR 0.05 per share, will be paid to the shareholders who are registered in the shareholders’ register maintained by Euroclear Finland Oy on the record date of 1 November 2023. The payment date for the second instalment of the return of capital is on 8 November 2023. The Annual General Meeting resolved that the result for the financial period 1 January 2022 to 31 December 2022 be transferred to the profit and loss account for previous financial periods and that, based on the balance sheet to be adopted for the financial period, funds be distributed to shareholders from the invested unrestricted equity reserve of the company as a return of capital of EUR 0.10 per share, i.e. EUR 1,649,253.10 in total, calculated on the basis of the outstanding shares on the date of the notice convening the Annual General Meeting. The return of capital was decided to be paid in two instalments. The first instalment, EUR 0.05 per share was paid May, 2023. ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs Additional information: Tommi Manninen, SVP, Communications and Public Affairs Tel: +358 40 043 7515 Email: tommi.manninen@enersense.com Distribution: Nasdaq Helsinki Major Media www.enersense.com Enersense_return_of_capital_II_instalment_27102023
Enersense International Plc´s financial reporting and Annual General Meeting in 2024 Enersense International Plc Stock Exchange Release 6 October 2023 at 9:15 a.m. Enersense International Plc´s Financial Statements Bulletin for the year 2023 will be published on Thursday 29 February 2024. Financial Statements and Board of Directors’ Report for 2023 will be published during week 10. In addition, Enersense will publish two Business Reviews and a Half-year Financial Report in 2024: January-March on Friday 26 April 2024. January-June on Thursday 1 August 2024. January-September on Monday 28 October 2024. Enersense International Plc´s Annual General Meeting 2024 is planned to be held on Thursday 4 April 2024. Enersense’s Board of Directors will summon the Annual General Meeting at a later date. A shareholder who wishes to include a matter on the agenda of the Annual General Meeting should submit such request by 16 February 2024 to Enersense International Plc/Legal, Konepajanranta 2, 28100 Pori or by e-mail to yhtiokokous@enersense.com. ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION: Nasdaq Helsinki Major media www.enersense.com Enersense_financial_calendar_2024_ENG_06102023
The Soidinmäki wind farm has been completed and handed over to the buyer Enersense International Plc Investor news, 28 September 2023 at 2.10 p.m. Enersense, a provider of zero-emission energy solutions, has sold its minority stake in the Soidinmäki wind farm. The shares have been recognised at fair value on the company’s balance sheet, and the transaction will not have a significant impact on the Power business area’s EBITDA in the third quarter 2023. The Soidinmäki wind farm in Saarijärvi has seven wind power plants, and its annual production is estimated at 126 GWh. Enersense served as an upstream project developer and the main contractor during the construction phase of the wind farm. The turnkey delivery included all design and construction, including the foundations, roads and crane pads for the power plant, as well as its electricity network and substation. “We are very pleased that our wind power projects are progressing as planned. After the sale of the minority stake, Enersense will continue to be responsible for O&M services during the operation of the wind farm under a multi-year agreement, which covers the monitoring and maintenance of the substation and the electricity network,” says Lauri Lammivaara, Vice President, Wind Power Development, Power business area. More information: Lauri Lammivaara, Vice President, Wind Power Development Tel.: +358 440 330 498 Email: lauri.lammivaara@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 0437515 Email: tommi.manninen@enersense.com Enersense_Soidinmäki_ENG_28092023
Correction to stock exchange release: Enersense International Plc’s Shareholders’ Nomination Board Enersense International Plc Stock exchange release 6 September 2023 at 4:45 p.m. Enersense corrects its stocks exchange release about the composition of the Shareholders’ Nomination Board published today at 2:15 p.m. The name of the Verman Holding’s representative was incorrect. The entire corrected stock exchange release is available below: According to the decision of Enersense International Plc’s Annual General Meeting, the three shareholders who hold the largest share of the votes cast by all the company’s shares according to the shareholders’ register maintained by Euroclear Finland Ltd on the first working day of September preceding the Annual General Meeting, have the right to nominate members representing shareholders. At the request of the Committee, the Chairman of the Board of Directors may act as an expert on the Nomination Board without membership or the right to vote. Based on the ownership status of Enersense International Plc on 1 September 2023, the three major shareholders and their representatives have been appointed to Enersense International Plc’s Shareholders’ Nomination Board as follows: Alexander Ehrnrooth, Nidoco Marjo Miettinen, Ensto Invest Janne Vertanen, Verman Holding. Enersense International Plc’s Nomination Board prepares and presents to the Annual General Meeting and, if necessary, to the Extraordinary General Meeting proposals on * the remuneration of the Board of Directors * the number of the Board of Directors ,and * the members of the Board of Directors. The now appointed Nomination Board will forward its proposals for the 2024 Annual General Meeting to the Board of Directors by 31 January 2024. ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION: Nasdaq Helsinki Major media www.enersense.com Enersense_correction_Nomination_Board_06092023
Enersense International Plc’s Shareholders’ Nomination Board Enersense International Plc Stock exchange release 6 September 2023 at 2:15 p.m. According to the decision of Enersense International Plc’s Annual General Meeting, the three shareholders who hold the largest share of the votes cast by all the company’s shares according to the shareholders’ register maintained by Euroclear Finland Ltd on the first working day of September preceding the Annual General Meeting, have the right to nominate members representing shareholders. At the request of the Committee, the Chairman of the Board of Directors may act as an expert on the Nomination Board without membership or the right to vote. Based on the ownership status of Enersense International Plc on 1 September 2023, the three major shareholders and their representatives have been appointed to Enersense International Plc’s Shareholders’ Nomination Board as follows: Alexander Ehrnrooth, Nidoco Marjo Miettinen, Ensto Invest Janne Verman, Verman Holding. Enersense International Plc’s Nomination Board prepares and presents to the Annual General Meeting and, if necessary, to the Extraordinary General Meeting proposals on * the remuneration of the Board of Directors * the number of the Board of Directors, and * the members of the Board of Directors. The now appointed Nomination Board will forward its proposals for the 2024 Annual General Meeting to the Board of Directors by 31 January 2024. ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION: Nasdaq Helsinki Major media www.enersense.com Enersense_Nomination_Board_ENG_06092023
Enersense has entered into an extension agreement of EUR 25 million with Telia Finland Enersense International Plc Investor news, 22 August 2023 at 1.10 p.m. Enersense, a provider of zero-emission energy solutions, and Telia Finland have signed a one-year extension agreement on the provision of telecommunications network field services. The value of the agreement is EUR 25 million. The order will be recognised in the order backlog of Enersense’s Connectivity business area for the third quarter of 2023. The agreement includes mobile network and fixed network construction services, customer delivery and repair services and preventive maintenance services in Finland. The agreement is a continuation of the companies’ long-term cooperation, and its substance corresponds to the scope of their previous framework agreement on field services. The new agreement period will begin on 1 April 2024. “Cooperation with Telia is very important to us. The extension agreement covers nearly all the services we provide and is one of the most comprehensive agreements in Connectivity. We are pleased to continue our joint development work, where we see significant potential for the provision of services for the entire sector in the future. I would like to thank Telia and our own personnel for their forward-looking work of a high quality,” says Miika Erola, Vice President, Connectivity at Enersense. ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Miika Erola, Vice President, Connectivity Tel.: +358 40 641 7041 Email: miika.erola@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 40 043 7515 Email: tommi.manninen@enersense.com Enersense_Telia_ENG_22082023
Enersense changes the accounting of wind power projects and publishes comparison figures for 2022 Enersense International Plc Stock exchange release, 27 July 2023 at 2:00 p.m. Enersense changes the accounting of wind power projects from the beginning of 2023 so that realised sales gains from completed wind power projects are recognised in revenue in the income statement, whereas they were previously included in other operating income. In addition, distribution of funds to minority shareholders which is based on a shareholder agreement are recognised in financial expenses in the income statement, while they were previously treated as decreases in equity. These changes are related to the specification of accounting principles the aim of which is to provide clearer and more comparable information about Enersense’s wind power projects and their impact on the company’s financial results. Impact of the change in accounting on the group’s turnover, financial expenses and earnings per share As a result of the change, revenue increased by EUR 6.4 million for the first quarter and by EUR 7.5 million for the fourth quarter of 2022. The full-year revenue increased by EUR 14 million in total. Other operating income decreased correspondingly. The change had no impact on operating results for 2022. Financial expenses increased by EUR 2.5 million for the first quarter and by EUR 4.9 million for the fourth quarter of 2022. Full-year financial expenses increased by EUR 7.4 million. Earnings per share decreased by EUR 0.16 for the first quarter and by EUR 0.30 for the fourth quarter of 2022. Full-year earnings per share decreased by EUR 0.46. Impact of the change in accounting on the Power segment’s revenue and EBITDA-% The Power segment’s revenue increased by EUR 6.4 million for the first quarter and by EUR 7.5 million for the fourth quarter of 2022. The full-year revenue increased by EUR 14 million in total. The change had no impact on EBITDA, but it decreased the EBITDA-% by 18.8 percentage points for the first quarter and by 14.3 percentage points for the fourth quarter of 2022. Key comparison figures for 2022 by quarter are presented below for the Group and the Power segment following the changes defined above. The group’s changed key figures for 2022 1–3/2022 4–6/2022 6–9/2022 10–12/2022 1–12/2022 Revenue (EUR 1,000) 60,202 59,827 64,390 97,578 281,997 EBITDA (EUR 1,000) 5,410 -614 4,047 3,367 12,210 EBITDA, % 9.0 -1.0 6.3 3.5 4.3 Adjusted EBITDA (EUR 1000) 5,479 -431 4,255 4,350 13,653 Adjusted EBITDA, % 9.1 -0.7 6.6 4.5 4.8 Operating result (EUR 1,000) 3,227 -2,772 1,929 1,095 3,479 Operating result, % 5.4 -4.6 3.0 1.1 1.2 Financial income and expenses -3,707 -678 -786 -5,336 -10,507 Result for the period (EUR 1,000) -1,294 -4,133 1,169 -5,577 -9,835 Return on equity, % -2.6 -6.3 2.9 -9.9 -17.5 Earnings per share, undiluted, EUR -0.06 -0.25 0.08 -0.34 -0.57 Earnings per share, diluted, EUR -0.06 -0.25 0.08 -0.34 -0.57 The Power segment’s changed key figures for 2022 EUR million 1–3/2022 4–6/2022 6–9/2022 10–12/2022 1–12/2022 Revenue 20,763 14,043 14,556 25,596 74,958 EBITDA 8,756 599 1,147 8,735 19,237 EBITDA, % 42.2 4.3 7.9 34.1 25.7 ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Jussi Holopainen, CEO Tel.: +358 44 517 4543 Email: jussi.holopainen@enersense.com Mikko Jaskari, CFO Tel.: +358 40 053 5337 Email: mikko.jaskari@enersense.com Distribution: Nasdaq Helsinki Major media www.enersense.com Enersense_Comparison_figures2022_27072023
Enersense has signed an agreement with P2X on an equipment and pipeline contract for a green hydrogen production plant Enersense International Plc Investor news, 18 July 2023 at 11:15 a.m. Enersense, a provider of zero-emission energy solutions, has signed an agreement with P2X on an equipment and pipeline contract for Finland’s first renewable green hydrogen production plant. The plant is under construction in Harjavalta and is expected to be commissioned in 2024. The order will be recognised in the order book of Enersense’s Smart Industry business area for the third quarter of 2023. Earlier this year, Enersense announced that it would be delivering steel structures for reactor modules to Q Power, a supplier of Power-to-X technology, which will be building a synthetic methane plant in connection with P2X’s green hydrogen production plant. “It is great to be involved in this project in terms of demanding pipelines. Including the reactor modules to be delivered to Q Power, we are playing a significant role in Finland’s first green hydrogen construction project. These assignments also support the Smart Industry business area’s growth targets,” says Mikko Lampinen, COO, Enersense Works. Enersense owns 16.3% of P2X Solutions. Through P2X, Enersense is involved in reducing the emissions of heavy transport using hydrogen and synthetic fuels and in enabling energy storage opportunities created by green hydrogen. More information: Mikko Lampinen, COO, Enersense Works Tel. +358 40 079 4543 Email: mikko.lampinen@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 (0)40 043 7515 Email: tommi.manninen@enersense.com Enersense_P2X_ENG_18072023
Enersense to deliver offshore steel structures to Aker Solutions in Norway Enersense International Plc Investor news 7 July 2023 at 10:30 a.m Enersense, a provider of zero-emission energy solutions, will deliver steel structures to Aker Solutions in Norway. Aker Solutions is involved in various offshore projects internationally. Aker Solutions has ordered steel structure modules (pre-assembled units) from Enersense for the Hugin A production platform which is part of the Aker BP-operated Yggdrasil oil and gas development in the North Sea. The order will be included in Enersense’s Smart Industry business area’s third quarter 2023 order book. “This is a new opening for us in the Norwegian offshore market, and we believe that a well-executed project will enable the expansion of our cooperation into the rapidly growing energy market, where Aker Solutions has strong experience. This order is significant to Enersense Offshore and we are taking the next step on the way towards our growth targets. It shows that the investments in the ramp-up of Enersense Offshore, which we acquired in the autumn of 2021, are beginning to materialise and will enable us to further strengthen our own organisation and partner network,” says Jaakko Leivo, EVP, Smart Industry. The project will begin with engineering and planning in late summer 2023, and the fabrication of the modules will start in Enersense’s production facilities in Mäntyluoto towards the end of the year. The last modules are scheduled to be delivered in December 2024. Aker Solutions: Aker Solutions delivers integrated solutions, products and services to the global energy industry. The company enables low-carbon oil and gas production and develops renewable solutions for future energy needs. The company is accelerating the transition to sustainable energy production by combining innovative digital solutions with predictable project implementation. Aker Solutions employs approximately 16,000 people in more than 20 countries. More information: Jaakko Leivo, EVP, Smart Industry Tel.: +358 (0)40 079 4543 Email: jaakko.leivo@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 (0)40 043 7515 Email: tommi.manninen@enersense.com Enersense_AkerSolutions_ENG_07072023
Enersense sells Enersense Solutions, a provider of contractor liability services, to Econia, part of Administer Group Enersense International Plc Investor news, 27 June 2023 at 1:00 p.m. Enersense, a creator of zero emission energy solutions, sells all shares in Enersense Solutions Oy to Econia Oy, part of Administer Group. The purchase amount is EUR 1,000,001 and sales gains of EUR 0.9 million will be recognised in the results of Enersense’s Smart Industry segment for the second quarter. Enersense Solutions employs 11 people and owns E-Sense, a system used in contractor liability services, which will transfer to Econia through the transaction. Enersense will continue to use the E-Sense system. More information: Jaakko Leivo, EVP, Smart Industry Tel.: +358 (0)40 079 4543 Email: jaakko.leivo@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 (0)40 043 7515 Email: tommi.manninen@enersense.com EnersenseSolutions_Econia_ENG_27062023
Insider information: Enersense and Elisa have signed a 35-million-euro add-on contract for the construction of an optic fibre network in Finland Enersense International Plc Insider information 19 June 2023 at 12:55 p.m. Enersense, a provider of zero-emission energy solutions, and Elisa, a Finnish telecommunications and digital services company, have signed an add-on turnkey contract for the construction of Elisa’s Fibre to the Home optic fibre network in Finland. The total value of the add-on contract is EUR 35 million, and it more than doubles the volume of optic fibre networks Enersense will construct for Elisa in 2024–2026. The contract will be included in Enersense’s Connectivity business area’s second quarter 2023 order book. The contract is an extension of the companies’ long-term cooperation. Enersense is responsible for the turnkey delivery, which contains the project management, planning and construction of the network, materials logistics, and customer deliveries. “We are very pleased that our cooperation in building Elisa’s fibre-to-the-home (FTTH) connections is continuing. Building a zero-emission society is at the core of Enersense’s strategy, and high-speed optical fibre networks have a role to play in this. FTTH construction is expected to grow significantly in Finland in the coming years. It is great that our customers are relying on Enersense’s optical fibre network construction services, and that our business operations are growing with the market,” says Jussi Holopainen, President & CEO, Enersense. ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Jussi Holopainen, CEO Tel. +358 44 517 4543 Email: jussi.holopainen@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION: Nasdaq Helsinki Major media www.enersense.com Enersense_Elisa_ENG_19062023
Enersense selected as the main contractor for Fingrid’s Nuojuankangas–Pyhänselkä substation project Enersense International Plc Investor news, 6 June 2023 at 10:30 a.m. Enersense, a creator of zero emission energy solutions, has won the bidding process for Fingrid’s substation contract to build a new transformer substation and expand the 110 kV switchgear in Nuojuankangas. The project also includes the expansion of the substation in Pyhänselkä. The project will employ Enersense until spring 2026. The value of the contract is more than EUR 20 million, and it will be included in Enersense’s Power segment’s second quarter 2023 order book. The project is part of Fingrid’s larger project to build a new power transmission line from Pyhänselkä to Huutokoski (expansion of the Järvilinja transmission line). The expanded Järvilinja transmission line ensures and maintains the high reliability of the main grid as the need for electricity transmission increases. “Strengthening Järvilinja is needed in order to transmit renewable energy from northern Finland as well as electricity through Aurora Line from Sweden to southern Finland. In addition, the new capacity enables connecting wind power and industrial sites in eastern Finland and Kainuu region. Substation projects in Pyhänselkä, Muhos and Nuojuankangas, Vaala are the first major steps in strengthening Järvilinja. It is great to execute these projects together with Enersense. The project is important to both Finland’s main grid and the whole society as it enhances achieving Finland’s climate goals and national competitiveness,” says Daniel Kuosa, Construction Manager, Fingrid. This project is very significant for Enersense. “New transmission lines are required as the energy transition proceeds, and it is wonderful that we can carry out this significant customer project in substation construction. This contract strengthens our portfolio in carrying out demanding projects in Finland’s main grid and marks one of the largest projects in the history of Enersense’s transmission network operations,” says Joni Parkkinen, Vice President of Enersense Transmission Networks. The procurement agreement can be signed once the appeal period in accordance with the Act on Public Procurement and Concession Contracts has ended. More information: Joni Parkkinen, Vice President, Transmission Networks, Power Tel.: +358 (0)50 537 5837 Email: joni.parkkinen@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel.: +358 (0)40 043 7515 Email: tommi.manninen@enersense.com Enersense_Fingrid_InvestorNews_ENG_06062023
Enersense to explore options to further accelerate execution of growth ambitions to become a significant zero-emission energy producer Enersense International Plc Stock exchange release 1 June 2023 at 10:00 a.m. Enersense has initiated an evaluation of options to further accelerate its growth ambitions within its Power segment, specifically the strategy to become a significant zero-emission energy producer. Enersense’s energy production target by 2027 is 600–700 MW, of which 600 MW would be wind power and 100 MW solar power. The options to be considered include creating a new, separate Enersense subsidiary for renewable energy development and production and engaging with external parties to identify possible partners that would support an acceleration of the growth strategy. Enersense has engaged BNP Paribas as financial advisor to assist with the evaluation. Enersense will carefully evaluate the various options and take the necessary time to consider the best possible solution. Enersense will give an update in due course, if any concrete outcome were to materialise. ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs More information: Jussi Holopainen, CEO Tel. +358 44 517 4543 Email: jussi.holopainen@enersense.com Mikko Jaskari, CFO Tel.: +358 40 053 5337 Email: mikko.jaskari@enersense.com Media contacts: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION: Nasdaq Helsinki Major media www.enersense.com Enersense_strategic_options_01062023
Enersense chosen as main contractor for Gigawatti Oy’s Oosinselkä wind farm infrastructure construction Enersense International Plc Investor news 17 April 2023 at 11:35 a.m. Enersense International, a provider of zero-emission energy solutions, has agreed with Gigawatti Oy about construction of the Oosinselkä wind farm in Luvia at Eurajoki, Finland. The order has been booked into Enersense’s Power business area’s first quarter 2023 order book. Gigawatti Oy’s Oosinselkä wind farm consists of 13 turbines. Enersense will begin the construction works in the summer of 2023. According to plans, the project will be completed by the end of 2024. Enersense will provide construction of the wind farm’s roads and platforms, foundations and internal network as a turnkey delivery. “The Oosinselkä wind farm is a continuation to the cooperatives long-term investments to increase their own renewable energy. When completed, the wind farm will produce approximately a fifth of the S Group’s electricity demand. Enersense’s long experience of wind farms’ infrastructure construction was decisive in the selection of the contractor,” says Mikko Halonen, CEO, S-Voima. ”This project in the growing wind power market is important for Enersense. We are very pleased that Gigawatti Oy chose us as their partner in this investment. This enables us to extend our good cooperation from wind power maintenance also to construction projects,” says Maija Isoaho, Head of wind power construction for Enersense’s Power business area. Gigawatti Oy is fully owned by S-Voima Oy, who is responsible for the S Group’s electricity procurement. S-Voima Oy is owned by the cooperatives and SOK together. More information: Maija Isoaho, Head of wind power construction Tel. +358 44 425 2457 Email: maija.isoaho@enersense.com Media contact: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com Enersense_Oosinselkä_ENG_17042023
Enersense chosen as main contractor for Fingrid’s project to expand substations in Huittinen-Forssa Enersense International Plc Investor news 14 April 2023 at 2:25 p.m. Enersense International, a provider of zero-emission energy solutions, has won a project in Fingrid’s public procurement tendering regarding substation expansions in Huittinen-Forssa, Finland. Expanding the substations enables a new transmission link which increases the transmission capacity for electricity and enables for its part the transmission of the excess wind power from the growing west coast production to Southern Finland. It also enables connections for renewable electricity production. The project will employ Enersense for approximately three years and its preparations will begin immediately. The value of the project is approximately EUR 13 million and it has been booked into Power business area’s first quarter 2023 order book. “The new Forssa-Huittinen 400 kV transmission link is an important project for both the Finnish grid and society. In the south, consumption of electricity is increasing. At the same time, production is decreasing and is being replaced with wind and nuclear power in the north, which increases the need for electricity transmission. The link will be built responsibly so that it replaces the current 110 kV power line in order to reduce the impact of land use. The connection will essentially increase reliability in maintenance and failure situations. Additionally, in connection with the expansion works, the protection and automation i.e. smart systems of the substations will be modernized. Cooperation with Enersense has always been straightforward and the quality of project execution has been excellent”, says Daniel Kuosa, Construction Manager, Fingrid. This substation expansion project is important to Enersense. “Energy transition is proceeding which means new transmission connections are needed. The substation expansions will enable this. Our goal is to enhance the energy transition for our part. At the same time the project strengthens our portfolio as an implementor of demanding Finnish national grid projects,” says Joni Parkkinen, Vice President, Transmission Networks business area at Enersense. The decision shall enter into force after the end of the appeal period under the Act on Public Procurement and Concession Contracts. More information: Joni Parkkinen, Vice President, Transmission Networks, Power Tel: +358 50 537 5837 Email: joni.parkkinen@enersense.com Media contact: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com Enersense_Fingrid_14042023
Enersense chosen as main contractor for Fingrid’s project where capacitors are added into substations Enersense International Plc Investor news 12 April 2023 at 11.45 a.m. Enersense International, a provider of zero-emission energy solutions, has won a project in Fingrid’s public procurement tendering regarding adding capacitors into substations in order to improve transmission capacity. The project will employ Enersense for approximately two years, and preparations for it will begin immediately. The value of the project is approximately EUR 6.6 million and it has been booked into Power business area’s first quarter 2023 order book. The decision shall enter into force after the end of the appeal period under the Act on Public Procurement and Concession Contracts. More information: Joni Parkkinen, Vice President, Transmission Networks, Power Tel: +358 50 537 5837 Email: joni.parkkinen@enersense.com Media contact: Tommi Manninen, SVP, Communications and Public Affairs Tel. +358 40 043 7515 Email: tommi.manninen@enersense.com Enersense_Fingrid_ENG_12042023
Resolutions of Enersense International Plc’s Annual General Meeting and the organizing meeting of the Board of Directors Enersense International Plc Stock Exchange Release 4 April 2023 at 5:10 p.m. The Annual General Meeting of Enersense International Plc (the “Company”) was held on 4 April 2023 starting at 2:00 p.m. at Hotel Haven at the address Unioninkatu 17, FI-00130 Helsinki, Finland. The Annual General Meeting approved all proposals made by the Shareholders’ Nomination Board and the Board of Directors to the Annual General Meeting. ADOPTION OF THE FINANCIAL STATEMENTS The Annual General Meeting resolved to adopt the financial statements, which include the consolidated financial statements, for the financial period 1 January 2022–31 December 2022. DISCHARGE FROM LIABILITY The Annual General Meeting resolved to discharge all persons that had acted as members of the Board of Directors or as CEO from liability for the financial period 1 January 2022–31 December 2022. RESOLUTION ON THE USE OF THE RESULT SHOWN ON THE BALANCE SHEET AND THE DISTRIBUTION OF FUNDS The Annual General Meeting resolved that the result for the financial period 1 January 2022–31 December 2022 be transferred to the profit and loss account for previous financial periods and that, based on the balance sheet adopted for the financial period, funds be distributed to shareholders from the invested unrestricted equity reserve of the Company as a return of capital of EUR 0.10 per share. The return of capital shall be paid in two instalments. The first instalment, EUR 0.05 per share, shall be paid to shareholders that are registered in the Company’s shareholders’ register maintained by Euroclear Finland Oy on the record date of the first instalment of the return of capital on 6 April 2023. The first instalment of the return of capital shall be paid as from 5 May 2023. The second instalment, EUR 0.05 per share, shall be paid to shareholders that are registered in the Company’s shareholders’ register maintained by Euroclear Finland Oy on the record date for the second instalment of the return of capital, as later decided by the Board of Directors. The Board of Directors will decide the record date and the payment date for the second instalment of the return of capital at its meeting to be held in October 2023. The record date for the second instalment of the return of capital is planned to be on 1 November 2023, and the payment date as from 8 November 2023. The Annual General Meeting resolved that no dividend would be paid based on the balance sheet adopted for the financial period. CONSIDERATION OF THE REMUNERATION REPORT FOR GOVERNING BODIES The Annual General Meeting approved the remuneration report for the Company’s governing bodies for 2022. The resolution is advisory in accordance with the Finnish Companies Act. RESOLUTION ON THE REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS The Annual General Meeting resolved that the following annual remuneration shall be paid to the members of the Board of Directors: annual fee of EUR 42,000 for the Chair annual fee of EUR 32,000 for the Vice Chair annual fee of EUR 27,000 for each member In addition, the Annual General Meeting resolved that the following meeting fees for each meeting of the Board of Directors and committees shall be paid: EUR 1,000 for Chairs of the Board of Directors and committees EUR 500 for other members. Furthermore, travel expenses are reimbursed in accordance with the Company’s current travel reimbursement policy. NUMBER OF MEMBERS AND ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS The Annual General Meeting resolved that the number of ordinary members of the Board of Directors shall be six (6). The Annual General Meeting resolved to re-elect Jaakko Eskola, Sirpa-Helena Sormunen, Sari Helander and Petri Suokas as members of the Board of Directors as well as elect Anna Miettinen and Carl Haglund as new members of the Board of Directors. ELECTION AND REMUNERATION OF THE AUDITOR The Annual General Meeting resolved that auditing firm KPMG Oy Ab continues as the auditor of the Company. Heli Tuuri, Authorised Public Accountant, shall be the principally responsible auditor. The term of office of the auditor shall end at the end of the next Annual General Meeting following the election. The auditor’s remuneration shall be paid according to a reasonable invoice approved by the Audit Committee. AUTHORIZING THE BOARD OF DIRECTORS TO DECIDE ON THE ISSUANCE OF SHARES AS WELL AS THE ISSUANCE OF OPTION RIGHTS AND OTHER SPECIAL RIGHTS ENTITLING TO SHARES The Annual General Meeting resolved to authorise the Board of Directors to decide on the issuance of shares against payment as well as on the issuance of option rights and other special rights entitling to shares pursuant to Chapter 10, section 1 of the Finnish Companies Act, or a combination of some or all of the above, under the following conditions: A total maximum of 1,649,250 new and/or treasury shares of the Company may be issued under the authorization (including shares issued on the basis of special rights). Within the limits of the authorization, the Board of Directors is authorized to decide on all terms and conditions regarding the issuance of shares and the issuance of option rights and other special rights entitling to shares. The Board of Directors is authorized to decide to record the subscription price either as an increase of the share capital, or wholly or partly to the reserve for invested unrestricted equity.The issuances of shares and the issuance of special rights entitling to shares may also take place in deviation of the shareholders’ pre-emptive subscription right, if there is a weighty financial reason for the Company in accordance with the Finnish Companies Act (directed share issue). The authorization may then be used to finance acquisitions or other investments in the Company’s business, to maintain and increase the group’s financial solvency, to implement an incentive scheme as well as to expand the ownership base and develop the capital structure. The authorization revokes the authorizations granted by the Annual General Meeting on 4 April 2022 and by the Extraordinary General Meeting of 10 November 2022 concerning the issuance of shares and the issuance of option rights and other special rights entitling to shares, but not the authorization granted by the Extraordinary General Meeting on 23 December 2022 to decide on the issuance of special rights entitling to shares. The authorization is valid until the end of the next Annual General Meeting, but no later than 30 June 2024. AUTHORIZING THE BOARD OF DIRECTORS TO DECIDE ON THE REPURCHASE AND/OR THE ACCEPTANCE AS PLEDGE OF THE COMPANY’S OWN SHARES The Annual General Meeting resolved to authorise the Board of Directors to decide on the repurchase and/or on the acceptance as pledge of own shares under the following conditions: A maximum of 824,630 shares may be repurchased and/or accepted as pledge. The shares will be purchased in trading organized by Nasdaq Helsinki Ltd at a price formed in public trading on the date of repurchase. Own shares may be repurchased and/or accepted as pledge in deviation from shareholders’ proportional holdings (directed repurchase and/or directed acceptance as pledge). The repurchase and/or acceptance as pledge of shares reduces the Company’s unrestricted equity. The Board of Directors decides how the shares are to be repurchased and/or accepted as pledge. The authorization revokes previous authorizations granted by the general meeting to repurchase and/or accept as pledge of own shares. The authorization is valid until the end of next Annual General Meeting, but no later than 30 June 2024. MINUTES OF THE ANNUAL GENERAL MEETING The minutes of the Annual General Meeting shall be available on the Company’s website on 18 April 2023 at the latest. ORGANIZING MEETING OF THE BOARD OF DIRECTORS The Board of Directors, which convened after the Annual General Meeting, elected Jaakko Eskola as the Chairperson of the Board of Directors and Sirpa-Helena Sormunen as Vice Chairperson of the Board of Directors. In addition, the Board of Directors elected the members of the Audit Committee and the Remuneration Committee from among its members. Sari Helander was elected as the Chairperson of the Audit Committee and Carl Haglund and Petri Suokas as members of the Audit Committee. Jaakko Eskola was elected as the Chairperson of the Remuneration Committee and Anna Miettinen and Sirpa-Helena Sormunen were elected as members of the Remuneration Committee. The Board of Directors has assessed the independence of its members and concluded that all Board members are independent of the company. In addition, all members except for Jaakko Eskola are independent of the company’s major shareholders. Jaakko Eskola is not considered to be independent from major shareholders because of his role as Senior Industrial Advisor to Nidoco AB. ENERSENSE INTERNATIONAL PLC Board of Directors More information: Tommi Manninen, Senior Vice President, Communications and Public Affairs Phone: +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION: Nasdaq Helsinki Major media www.enersense.com AGM_BoD_organising_meeting_Resolutions_04042023
Enersense International Plc: Managers’ transactions – Jussi Holopainen Enersense International Plc Stock exchange release 3 April 2023 at 6:05 p.m. Person subject to the notification requirement Name: Jussi Holopainen Position: Chief Executive Officer Issuer: Enersense International Oyj LEI: 743700XSMVPR48XIML56 Notification type: INITIAL NOTIFICATION Reference number: 27898/8/8 ____________________________________________ Transaction date: 2023-04-01 Outside a trading venue Instrument type: SHARE ISIN: FI4000301585 Nature of transaction: OTHER Description of the transaction type: Receiving Merger Consideration as part of MBÅ Invest Oy’s merger into Enersense International Plc as described in Enersense International Plc’s stock exchange release on 27 March 2023. Transaction details (1): Volume: 272009 Unit price: 0 N/A Aggregated transactions (1): Volume: 272009 Volume weighted average price: 0 N/A ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs Further information: Tommi Manninen, SVP, Communications and Public Affairs Telephone: +358 40 043 7515 Email: tommi.manninen@enersense.com DISTRIBUTION Nasdaq Helsinki Major media www.enersense.com Managers_transactions_JussiHolopainen_03042023
