Meriaura Group Plc: Change in Summa Defence's Executive Management Team

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Meriaura Group Plc
Company Announcement                30 May 2025 at 3.00 p.m. (CEST)

Change in Summa Defence's Executive Management Team

Summa Defence Oy's Chief Human Resources Officer and Executive Management Team member Riitta Honkanen-Vaheri is leaving her position and moving to Italy to become Human Resources Director at the European University Institute (EUI), which is under the European Union.

Hanna Korhonen has been appointed as Summa Defence's new Chief Human Resources Officer and Executive Management Team member.

Korhonen has extensive and diverse experience in human resources management at several international listed companies. Most recently, Korhonen worked as Human Resources Director and management team member at Edita Group Oyj, and previously in human resources director positions at Digitalist Group Oyj and Fonecta Oy, among others.

"I want to thank Riitta for excellent cooperation during the construction phase of our group. Riitta's experience and expertise have been truly valuable to us. It's wonderful that Riitta was offered the opportunity for such a top position in Florence. I warmly welcome Hanna to Summa Defence. Hanna brings strong human resources and public company expertise with her, which strengthens our business's international growth and scalability," says Summa Defence CEO Jussi Holopainen.

Meriaura Group Plc and Summa Defence Oy to merge with a share exchange

On 29 January 2025, Meriaura Group Plc signed a conditional share exchange agreement to acquire the entire share capital of Summa Defence Oy, which brings together defence and security companies. The transaction will create a strong group of companies focusing on safety and security of supply in Finland, in which dual-use technology will play a significant role. In connection with the arrangement, the Marine Logistics business (Meriaura Oy and its wholly owned subsidiary VG-EcoFuel Oy) will be sold to Meriaura Invest Oy. The name of the new listed company will be Summa Defence Plc. The holding of Meriaura Group’s current shareholders in the new group of companies will be 11.9%, and that of Summa Defence’s shareholders will be 88.1%.

Meriaura Group’s company release about the conditional share exchange agreement can be found at:

https://meriauragroup.com/meriaura-group-oyj-inside-information-meriaura-group-plc-and-summa-defence-oy-to-merge-into-a-new-group-of-companies-in-the-defence-sector/

MERIAURA GROUP PLC

Further information:

Meriaura Group Plc
CEO Jussi Mälkiä
Phone: +358 40 078 5489
Email: jussi.malkia@meriaura.com

Summa Defence Oy
CEO Jussi Holopainen
Phone: +358 44 517 4543
Email: jussi.holopainen@summadefence.com

Meriaura Group in brief

Meriaura Group has two business areas: Marine Logistics and Renewable Energy.

Marine Logistics business is carried out by Meriaura Ltd, which is a major provider of transport for bulk cargo and demanding project deliveries in Northern Europe, especially in the Baltic Sea and North Sea regions. The company provides its customers with competitive and low-emission marine transport services, based on long-term affreightment agreements, modern fleet, and active development of its operational sustainability. In addition, Meriaura has a strong market position in the marine logistics in renewable energy construction projects.

The Marine Logistics business also includes VG-EcoFuel Ltd which produces biofuels from bio-oils and recycled oils generated as industrial by-products.

The Renewable Energy business focuses on comprehensive clean energy systems. Meriaura Energy Ltd designs and delivers clean energy production systems as comprehensive deliveries for industrial use and district heating. The energy production is based on large-scale solar thermal systems implemented using high-performance solar thermal collectors manufactured by the company. The Renewable Energy business also includes Rasol Ltd, specialised in delivering high-quality solar power systems for real estates, companies and solar parks.

Meriaura Group’s share is listed on Nasdaq First North Growth Market Sweden as MERIS and on Nasdaq First North Growth Market Finland as MERIH.

www.meriauragroup.com

The Company’s Certified Adviser is Augment Partners AB, info@augment.se, tel. +46 8-604 22 55.