Oriola-KD Oyj - Company Announcement

Recommendation by the Nomination Committee of Oriola-KD Corporation concerning the Board of Directors to be elected by the 2011 AGM

Oriola-KD Corporation Stock Exchange Release 1 February 2011 at 11.00 a.m.


The Nomination Committee of Oriola-KD Corporation has today presented to the
Board of Directors of the company its recommendation on the proposal to the
2011 Annual General Meeting concerning the composition of the Board of Directors
as follows:

· The number of members of the Board of Directors would remain eight.
· Of the present members of the Board of Directors, Mr. Harry Brade, Mr Per
Båtelson, Mr. Pauli Kulvik, Ms. Outi Raitasuo, Mr. Olli Riikkala and Mr. Mika
Vidgrén, would be re-elected.
· Mr. Jukka Alho and Mr. Ilkka Salonen would be elected as new members of the
Board of Directors.
· Mr. Olli Riikkala would be re-elected as Chairman of the Board of Directors.

Mr Antti Remes, vice chairman of the Board, and Mr Jaakko Uotila, member of the
Board, will leave the office of Board of Directors after the 2011 Annual General
Meeting.

The Nomination Committee also announces as its recommendation that the following
remunerations be paid to the members of the Board of Directors:

· Chairman of the Board: annual fee of 48,400 euros, attendance fee of 800 euros
per meeting, telephone as a fringe benefit.
· Vice chairman of the Board: annual fee of 30,250 euros, attendance fee of 400
euros per meeting.
· Other members of the Board: annual fee of 24,200 euros, attendance fee of 400
euros per meeting.
· Attendance fees would be paid respectively also to members of company or Board
committees.
· Of the annual fee, 60 per cent would be paid in cash and 40 per cent would be
used to acquire Oriola-KD Corporation's class B-shares for the members Board of
Directors from the NASDAQ OMX Helsinki Stock Exchange on 20 April 2011.
· Travel expenses would be reimbursed in accordance with the travel policy of
the company.

The Nomination Committee states that its recommendation on board remunerations
is not given to the Board of Directors, but the matter will be proposed by a
shareholder at the 2011 Annual General Meeting.

The Nomination Committee appointed by the Board of Directors of Oriola-KD on 29
October 2010 consists of Mr Harry Brade, Mr Timo Maasilta, Mr Risto Murto, Mr
Olli Riikkala, Mr Timo Ritakallio and Mr Into Ylppö as chairman.

Presentation of Mr. Jukka Alho:

Jukka Alho, b. 1952, M.Sc. (Eng.)

Primary career: 2000- Itella Corporation, CEO; 1981-2000 Elisa Corporation,
Executive Vice President 1997-2000.

Key positions of trust: Chairman of the Board of Itella Payment Services Ltd;
Vice Chairman of the Board of Finnish Federation for Communications and
Teleinformatics FiCom; Member of the Board of Ilmarinen Mutual Pension Insurance
Company, Service Sector Employers PALTA; Member of the Executive Board of
Luottokunta, Finnish Fair; Member of Delegation of the Central Chamber of
Commerce of Finland, The Finnish National Committee of the International Chamber
of Commerce (ICC).

Mr Alho holds no shares in Oriola-KD Corporation.

Presentation of Mr. Ilkka Salonen:

Ilkka Salonen, b. 1955, M.Pol.Sc.

Primary career: 2010- Septem Partners Ltd., Partner; 2008-2009 Sberbank Rossii,
Deputy Chairman of Board, Moscow; 2007-2008 Renaissance Investment Management,
President and Deputy CEO, Moscow; 1998-2007 International Moscow Bank, President
of the Board of Management, Moscow; 1997-1998 Merita Bank Ltd., First Vice
President, Regional Director; 1994-1997 International Moscow Bank, Deputy
President, Moscow; 1985-1994 Kansallis-Osake-Pankki, Vice President of East
European Desk in Country Risk and Financial Institutions Division, Vice
President and Area Manager for the Soviet Union/CIS countries, Vice President in
charge of domestic Asset and Liability Management, Chief Representative in
Moscow.

Key positions of trust: Member of the Board of SRV Oy, Sysmän Kirjakylä Oy,
Trigon Agri A/S, Promsvyazbank and Kamaz. Former key positions of trust: member
of the board of directors of Estonian Industrial Leasing and Latvian Industrial
Leasing, 1997 - 1998; Chairman of the National Member Group of SWIFT users in
Russia 1999 - 2009.

Mr Salonen holds no shares in Oriola-KD Corporation.

Oriola-KD Corporation

Kimmo Virtanen
Executive Vice President & CFO

Thomas Heinonen
General Counsel

Distribution:
NASDAQ OMX Helsinki Ltd.
Principal media

Published by:
Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo, Finland
02200 Espoo
www.oriola-kd.com


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