Oma Säästöpankki (OMASP) Status Update summary

Leadership changes

• CEO Pasi Sydänlammi departs immediately after serving since 2009; Sarianna Liiri, current CFO and management team member since 2015, appointed as interim CEO.

• Markus Souru named deputy CEO, pending regulatory Fit & Proper assessment.

Internal investigation and compliance

• Ongoing internal investigation into non-compliance with lending guidelines led to an additional €19.5 million allowance in Q1.

• Investigation revealed a former director violated lending guidelines; police notified.

• Non-compliance was limited to a specific loan portfolio segment; internal resolution and external quality assurance are underway.

• Board is conducting a comprehensive review of operations, using external legal expertise and cooperating with authorities.

Company profile and operations

• OmaSp is the fastest growing and most profitable bank in Finland, serving over 200,000 customers nationwide.

• Operates 45 branches and digital channels, focusing on retail banking and mortgage operations.

• Emphasizes personal service, customer-oriented development, and employee ownership.