Chairman

b. 1953, M.Sc. (Econ.)

President & CEO, Rautaruukki Corporation, member of the Varma Board of Directors since 2008, term expires in 2013

Chairman of the Board of Metallinjalostajat ry, Deputy Chairman of the Board of Sanoma Oyj, member of the boards of the Federation of Finnish Technology Industries, the Finnish Business and Policy Forum EVA, the ETLA Research Institute of the Finnish Economy, the Registered Association Finnish-Russian Chamber of Commerce (FRCC), and the World Steel Association, and Vice President of EUROFER, the European Steel Association.*

Deputy Chairman

b. 1951, B.Sc. (Econ.)

Member of the Varma Board of Directors since 2005

Chairman of the Boards of Outokumpu Oyj and eQ Plc, and member of the Boards of Svenska Handelsbanken AB and the Finnish Business and Policy Forum EVA. Term ended 31 December 2012.

Deputy Chairman

b. 1954, LL.B.

President, Finnish Confederation of Professionals STTK, member of the Varma Board of Directors since 2000, term expires in 2015

Member of the Representatives of the Finnish Centre for Pensions and of the Economic Council, member of the Boards of the Council of Nordic Trade Unions and the European Trade Union Confederation ETUC and a member of the Trade Union Advisory Committee to the OECD.

b. 1965, M.Sc. (Admin.)

President, Finnish Metalworkers’ Union, member of the Varma Board of Directors since 2012, term expires in 2014

Chairman of the Board of VVO Group, Vice Chairman of The Council of Finnish Industrial Unions TP, member of the Boards of The Central Organisation of Finnish Trade Unions SAK, Työväen Opintorahasto and VR Group, and member of the Supervisory Board of the Unemployment Insurance Fund.

b. 1965, eMBA

President & CEO, VR Group Ltd., member of the Varma Board of Directors since 2010, term expires in 2015

Chairman of the Boards of VR Track Ltd, Avecra Oy, Corenet Oy and Finnkino Oy, and member of the Boards of Altia Finland and the Service Sector Employers PALTA.*

b. 1968, M.Sc. (Admin.)

Chairman of the Board, Lappset Group Ltd, member of the Varma Board of Directors since 2009, term expires in 2013

Chairman of the Board of FEPI - Federation of the European Play Industry.*

b. 1960, M.Sc. (Econ.)

Executive Vice President, Nordea Bank AB (publ), member of the Varma Board of Directors since 2010, term expires in 2015

Vice Chairman of the Board of the Federation of Finnish Financial Services, member of the Supervisory Board of Luottokunta and member of the Supervisory Boards of the Central Chamber of Commerce, Turku University Foundation, the Finnish Business and Policy Forum EVA and the ETLA Research Institute of the Finnish Economy.*

b. 1950, LL.B.

Labour Market Director, the Confederation of Finnish Industries EK, member of the Varma Board of Directors since 1998, term expires in 2015

Member of the Boards of the Finnish Centre for Pensions, the Federation of Accident Insurance Institutions (TVL) and the Social Insurance Institution.

b. 1953, B.Sc. (Econ.)

President, Oy Karl Fazer Ab, member of the Varma Board of Directors since 2009, term expires in 2014

Member of the Boards of Onninen Oy, Fiskars Corporation, Finnish Food and Drink Industries Federation ETL, the Finnish-Swedish Chamber of Commerce, the Confederation of Finnish Industries EK, the TT Foundation and the Registered Association Finnish-Russian Chamber of Commerce (FRCC).*

b. 1955, M.Sc. (Tech.), BBA

Group CEO, Sampo Plc., member of the Varma Board of Directors since 2008, term expires in 2014

Chairman of the Boards of Kaleva Mutual Insurance Company, Mandatum Life Insurance Company Limited, If Skadeförsäkring Holding AB (publ) and the Federation of Finnish Financial Services; Vice Chairman of the Board of the Confederation of Finnish Industries EK, and a member of the boards of Nokia Corporation and Nordea Bank AB.*

b. 1964, M.Sc. (Econ.)

President & CEO, Alma Media Corporation, member of the Varma Board of Directors since 2009, term expires in 2014

Chairman of the Board of Talentum Oyj and member of the Board of Teleste Oyj.*

b. 1953, B.Sc. (Econ.)

Branch Manager, Nordea Bank Finland Plc, Nordea Järjestöpankki, member of the Varma Board of Directors since 2011, term expires in 2013

Chairman of the Board of the Kaute foundation and member of AKAVA ry’s pension working group.

b. 1945, B.Sc. (Econ.)

Chairman of the Board and Managing Director of TS Group, deputy member of the Varma Board of Directors since 1998, term expires in 2013

Chairman of the Boards of Priimus Group Oy, Hansaprint Oy, Salon Seudun Sanomat Oy and Polytypos Oy.*

b. 1952, M.Sc. (Econ.)

Finance Director and member of the Management Group of the Central Organisation of Finnish Trade Unions SAK, deputy member of the Varma Board of Directors since 2012, term expires in 2013

Chairman of the Board of Asuntosäätiö, Internal Auditor for the International Trade Union Confederation (ITUC), and member of the International Solidarity Management Board.

b. 1960, M.A. (Educ.)

Chairman of the Board and Managing Director, Leinovalu Oy, deputy member of the Varma Board of Directors since 2011, term expires in 2013

Member of the Boards of Metsä Board Corporation, Rautaruukki Corporation, Elomatic Oy, the Confederation of Finnish Industries EK, and the Federation of Finnish Technology Industries, and member of the Supervisory Boards of the Finnish Business and Policy Forum EVA and ETLA, the Research Institute of the Finnish Economy.*