Rapala VMC - Decisions of general meeting

DECISIONS OF RAPALA'S ANNUAL GENERAL MEETING ON APRIL 5, 2011

Rapala VMC Corporation
Stock Exchange Release
April 5, 2011 at 4.00 pm

The  Annual  General  Meeting  of  Rapala  VMC  Corporation (Rapala) adopted the
financial statement of the financial year 2010 and granted release from personal
liability  for the Board of  Directors and the President  for the financial year
that ended on December 31, 2010.

The  proposal concerning  the dividend,  EUR 0.23 per  share, was  approved. The
dividend  will be paid on April 15, 2011 to  each of the shareholders who on the
record  date of April 8, 2011 have been entered in the list of shareholders kept
by the Euroclear Finland Ltd.

The meeting approved that there are seven members of the Board of Directors. The
re-elected  members of the Board of Directors were Jorma Kasslin, Eero Makkonen,
Marc Speeckaert, Jan-Henrik Schauman, Christophe Viellard and Emmanuel Viellard,
and  as a new member Isabelle de Bardies was elected.  The meeting resolved that
the  annual fee paid to  each Board member is  EUR 45 000 and EUR 100 000 to the
Chairman of the Board.

Ernst  &  Young  Oy,  Authorised  Public  Accountants, was appointed as Rapala's
auditor.

In  accordance with the Board of  Directors proposal, the Annual General Meeting
authorised  the Board to resolve to repurchase a maximum of 2 000 000 own shares
by  using  funds  in  the  unrestricted  equity.  The  proposed number of shares
corresponds  to less than 10 per  cent of all shares  in the company. The shares
may  be repurchased to develop the company's capital structure. In addition, the
shares may be repurchased to finance or carry out business acquisitions or other
arrangements,  to  settle  the  company's  equity-based  incentive  plans, to be
transferred  for  other  purposes,  or  to  be  cancelled.  The  shares  may  be
repurchased  in  deviation  from  the  proportion  of  the  shares  held  by the
shareholders.  The shares will be repurchased through public trading arranged by
NASDAQ  OMX Helsinki Oy at the market  price of the acquisition date. The shares
will  be acquired and paid  in pursuance of the  rules of NASDAQ OMX Helsinki Oy
and  applicable  rules  regarding  the  payment  period  and  other terms of the
payment.  The authorisation is in force until the end of the next Annual General
Meeting.

The  Board of Directors of Rapala has on April 5, 2011 elected Emmanuel Viellard
as the Chairman of the Board of Directors.

RAPALA VMC CORPORATION

Jorma Kasslin
Chief Executive Officer

For  further  information,  please  contact  Olli  Aho,  Company  Counsel,  tel:
+358 9 7562 540

Distribution: NASDAQ OMX Helsinki and main media

Rapala  VMC Corporation  (Rapala) is  a leading  fishing tackle  company and the
global  market leader in fishing lures,  treble hooks and fishing related knives
and  tools.  The  Group  also  has  a  strong  global  position in other fishing
categories  and it is  one of the  leading distributors of  outdoor, hunting and
winter  sport  products  in  the  Nordic  countries.  The  Group has the largest
distribution  network  in  the  industry.  The main manufacturing facilities are
located  in Finland, France, Estonia, Russia, China  and the UK. The Group brand
portfolio  includes the leading brand in  the industry, Rapala, and other global
brands  like  VMC,  Sufix,  Storm,  Blue  Fox, Luhr Jensen, Williamson, Dynamite
Baits,  Marttiini and Peltonen. The Group, with  net sales of EUR 269 million in
2010, employs  more than 2 000 people in  33 countries. Rapala's share is listed
and traded on the NASDAQ OMX Helsinki stock exchange since 1998.


[HUG#1503569]

Attachments:

Stock Exchange Release.pdf