Board of Directors

Myllymäki has previously worked as a development manager, CEO and business director at Lehto Group Plc as well as an entrepreneur in Myllymäen Rauta.

Myllymäki is the Chairman of the Board at Asuntoruukki Oy, Kaselli Oy, Keskinäinen Kiinteistö Oy Sovionkatu 4-6, Kiinteistö Oy Lappanen, Koy Raahen Pääväylä, Koy Vatialan Veturi, Markkinointi Sira Oy, Myllymäki Invest Oy, Mypel Oy, Raahen AK-kiinteistöt Oy and Raatihuone Oy. In addition, Myllymäki is a member of the Board of Kiinteistö Oy Ylivieskan Arvokiinteistö, Koy Vatialan Veturi, Pohjolan Arvotalot Oy, Tekova Oy and Tulevaisuuden Kasvupolut Oy. Myllymäki is the Deputy CEO of Kiinteistö Oy Raahen Marintie, Markkinointi Sira Oy and Raahen AK-kiinteistöt Oy.

Shares: 0^1)
1)=Owns 45% of the shares in Raatihuone Oy with his spouse through Myllymäki Invest Oy. Raatihuone Oy owns 39,730,408 shares in Toivo.

Koivukoski has previously worked as a business director at Lehto Group Plc and entrepreneur in Rakennusliike Koivukoski. Koivukoski is the Chairman of the Board of Parhaat Vuokrakodit Oy and Tekova Oy, as well as a member of the Board of Kaselli Oy, Kiint. Oy Ilvesportti, Kiint. Oy Ilvesvuorenkatu 7, Kiinteistö Oy Hämeenlinnan Ukkometso, Kiinteistö Oy Kelatien Portti, Kiinteistö Oy Marina Village 5, Kiinteistö Oy Sturenkatu 27, Kiinteistö Oy Vantaan Härkälenkki 7, Raatihuone Oy, Reinzen Oy, Ripula Oy and Vallila-Invest Oy. In addition, he is the CEO of Kiint. Oy Ilvesportti, Kiint. Oy Ilvesvuorenkatu 7, Kiinteistö Oy Hämeenlinnan Ukkometso, Kiinteistö Oy Kelatien Portti, Kiinteistö Oy Vantaan Härkälenkki 7 and Reinzen Oy.

Shares 0¹⁾

¹⁾=Owns 35% of the shares in Raatihuone Oy with his spouse through Reinzen Oy. Raatihuone Oy owns 39,730,408 shares in Toivo.

Kärkkäinen is a founding partner of Titanium Fund Management Company Ltd and has worked as a portfolio manager of the company since 2010 and as the CEO in 2009-2013. In addition, Kärkkäinen has worked as an investment manager at E. Öhman J:or Rahastoyhtiö Suomi Oy and a portfolio manager at eQ Pankki Oy. Kärkkäinen has served as a member of the Board of Titanium Oyj since 2014.

Previously, Tahkola has worked as the CEO of Talenom Plc. Tahkola is the Chairman of the Board at Ducap Oy, Omago Oy, Pitomaalaus Group Oy, Talenom Plc and Tukkunet Oy, and a member of the Board at Alfa Finance Oy, Citinvest Oy, Hecap Oy, Hemmo Capital Oy and Kiinteistö Oy Paiturinhalli.

Lindholm is CEO and advertising agency entrepreneur at Duuilo Oy. She has long and comprehensive experience in communication, marketing and quality and process development. She has held management positions in communications and logistics companies such as the Finnish Post Group, Laatukeskus Excellence Finland and TNT Express Finland. Lindholm has held board positions in Helsingin Ekonomit ry and Keravan Yrittäjät ry and in many other positions of trust. Lindholm is a board member of Asunto Oy Keravan Kultasepä.

Introduction

The diversity principles of the company's Board of Directors are based on the Finnish Limited Liability Companies Act, the Finnish Equality Act, the Finnish Corporate Governance Code, and the guidelines of the Finnish Financial Supervisory Authority. The aim is to ensure that the Board of Directors is composed in a way that reflects a diversity of skills, experience and backgrounds, and that gender parity is achieved. Diversity supports the company's business and development by strengthening decision-making and open debate within the Board.

Gender Parity

By 30 June 2026 at the latest, the Board of Directors must have a balanced representation of both genders (at least 40% of each). During the transition period, it is sufficient to have representation of both genders on the Board. The company is actively committed to promoting gender parity in the selection of Board members.

Diversity of Skills and Background

Board members must have diverse skills that support the implementation of the company's strategic objectives. Important areas of expertise include:

• understanding the real estate business

• economy and finance

• business management

• strategy development and management

• sales and marketing.

Other factors taken into account include educational background, age structure, industry expertise, knowledge of the company's various businesses, and the ability to devote sufficient time to board work and familiarisation with the company's operations.

Independence Requirements

The majority of the members of the Board of Directors must be independent of the company. At least two of the independent members must also be independent of significant shareholders.

Selection Process and the Role of the Nomination Committee

The Shareholders' Nomination Committee prepares a proposal for the composition of the Board of Directors for the Annual General Meeting. The preparation includes an assessment of eligibility requirements in relation to the company's situation, as well as sufficient diversity on the Board.

Reporting and Monitoring

The fulfilment of the diversity principles is reported in the annual report or corporate governance statement. The company regularly monitors and evaluates the implementation of the principles, updating them as required. The Board of Directors' self-evaluation also reviews the achievement of the diversity objectives.

Communication and Commitment

The company openly communicates about its diversity principles and their implementation. Board members are committed to promoting diversity in their own activities.