Internal Control Framework of the Company

Bittium´s internal control framework consists of:

• the internal control, risk management and corporate governance policies and principles set by the Company´s Board of Directors;

• management overseeing the implementation and application of the policies and principles;

• finance function and business controllers monitoring the efficiency and effectiveness of the operations and reliability of the financial and management reporting;

• enterprise risk management process identifying, assessing, and mitigating risks threatening the realization of the Company´s objectives;

• monitoring possible agreements and other legal acts between the Company and its related parties;

• compliance procedures making sure that all applicable laws, regulations, internal policies and ethical values (including sustainability) are adhered to;

• effective control environment at all organizational levels including control activities tailored for defined processes and creating group minimum requirements for product and service areas as well as for geographical areas;

• shared ethical values and strong internal control culture among all employees; and

• internal audit assignments reviewing the effectiveness of the internal controls as needed.