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Remuneration of the Supervisory Board

Remuneration of the members of the Supervisory Board is approved by the general meeting of shareholders. The valid procedure for remuneration of Supervisory Board members was approved by the general meeting of shareholders held at 31 October 2008.

Remuneration, less the statutory taxes, to the members of the Supervisory Board is paid on a monthly basis. No termination benefits are paid to the members of the Supervisory Board upon the termination or non-extension of the contract.

In the 2016 and 2015 financial years, the members of the Supervisory Board were remunerated as follows (in euros):

Name 2016 2015
Toomas Annus 42,182 42,182
Teet Roopalu 38,347 38,347
Indrek Neivelt 38,347 38,347
Olari Taal 38,347 38,347