VR-Group Plc (hereinafter also “VR” or the “contracting entity”) initiates this contract notice to establish a framework agreement for the procurement of insurance coverage and related insurance services for VR Group. VR Group consists of approximately 15 legal entities operating in Finland, Sweden and Latvia, employing more than 9,100 people. This procurement covers all legal entities under VR Group. The framework agreement may be used to procure various insurance lines, such as general and product liability insurance, property damage and business interruption insurance, cargo and transport-related insurance, statutory insurance lines and other insurance coverages relevant to the operations and risk profile of VR Group, as well as related insurance services including underwriting, policy administration and claims handling. A description of the procurement is provided in Appendix 2 – Description of the Procurement. Under the framework agreement, insurance coverages and related services will be procured through mini-competitions conducted among the suppliers admitted to the framework agreement. The scope, content and specific insurance coverages procured under the frame agreement may vary. As the insurance lines differ significantly in nature and pricing methodologies, price competition will take place in the mini‑competitions, and the framework agreement is therefore awarded solely on the basis of qualitative criteria. The framework agreement is planned to enter into force Q3/2026 and shall have an initial fixed term of three (3) years, after which the Customer may extend the Agreement with two (2) optional periods of one (1) year each (3 + 1 + 1 years). The first insurances are expected to be mini-competed in Q3/2026 and the first insurance periods to commence on 1 December 2026. This schedule is preliminary and may still change. In accordance with Section 45(2) of the Act on Procurement Contracts in the Utilities Sectors, the maximum total value of contracts awarded under this Framework Agreement during the entire contract period shall be EUR 30,000,000 (VAT 0%). Tenderers are requested to note that the value stated above does not constitute the estimated value of the procurement, but the statutory maximum value as referred to in the Act. The maximum value also includes possible option periods of the procurement. VR Group does not commit to any minimum purchase volumes. Actual resource needs may increase or decrease during the contract period based on business requirements, technological development, and the lifecycle of projects and systems. This procurement will be carried out using an open procedure. The Finnish Act on Procurements and Concession Contracts of Entities Operating in the Water and Energy Supply, Transport and Postal Services Sector (Act 1398/2016, “Act on Public Contracts in the Utilities Sector”) applies to this procurement. Tenders must meet all suitability requirements set out in this notice and its appendices.

This procurement is made for all legal entities under VR Group, i.e. VR-Group Plc and all its group companies. Any future group entities established or acquired during the term of the framework agreement may also be covered under this procurement. For the sake of clarity, the specific entities to be covered by the procured services shall be specified in each mini‑competition and in the corresponding purchase agreement. This procurement is a joint procurement of VR-Group Plc and VR Snabbtåg Sverige AB (556923-4304) as referred to in Article 57 point 4 of the Utilities Directive (25/2014/EU), section 32 subsection 3 of the Finnish Act on Procurement Contracts in the Utilities Sectors (1398/2016) and chapter 7, sections 9, 12, 13 and 14 of the Swedish Act on Procurement in the Utilities Sectors (2016:1146). VR-Group Plc will conduct the procurement procedure on behalf of both VR-Group Plc and VR Snabbtåg Sverige AB. VR-Group Plc will be responsible for the entire procurement procedure including all stages of the procurement procedure and possible appeal and rectification procedures. All of these processes will be entirely conducted according to Finnish law according to applicable legislation. The Finnish Act on Procurement Contracts in the Utilities Sectors (1398/2016) is applied to the procurement. For the avoidance of doubt, the procurement is made for all legal entities under VR Group, i.e. VR-Group Plc and all its group companies. VR-Group Plc and VR Snabbtåg Sverige AB have been mentioned specifically here due to procurement law reasons, but the procurement as such coverers all legal entities under VR Group as described also elsewhere in the procurement notice documents.