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Loihde’s auditor must be an audit firm with an auditor in charge that is approved by the Finnish Central Chamber of Commerce.

The General Meeting elects the auditor based on the proposal by the Board of Directors. The Audit Committee of the Board of Directors prepares the proposal for the election of the auditor. The term of the auditor ends with the conclusion of the Annual General Meeting following the election.

It is the duty of the auditor to audit the company’s accounting, financial statements and management for the financial period. The auditor of the parent company must also audit the consolidated financial statements. The auditor reports regularly to the Board of Directors and its Audit Committee and provides the company’s shareholders with an auditor’s report as required by law.

In accordance with the decision of the General Meeting, the auditor’s fee is paid according to the auditor's invoice approved by the company.

The company’s auditor is the audit firm Ernst & Young Oy with Maria Onniselkä, auditor approved by the Finnish Central Chamber of Commerce, as the principal auditor.