Rapala VMC - Decisions of general meeting

DECISIONS OF RAPALA'S ANNUAL GENERAL MEETING ON APRIL 7, 2009

Rapala VMC Corporation
Stock Exchange Release
April 7, 2009 at 4.00 pm

The Annual General Meeting of Rapala VMC Corporation (Rapala)
unanimously adopted the financial statement of the financial year
2008 and granted release from personal liability for the Board of
Directors and the President for the financial year that ended on
December 31, 2008.

The proposal concerning the dividend, EUR 0.19 per share, was
approved. The dividend will be paid on April 21, 2009 to each of the
shareholders who on the record date of April 14, 2009 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, Emmanuel Viellard and William (King Ming) Ng.
The meeting resolved that the annual fee paid to each Board member is
EUR 30 000 and EUR 60 000 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 7, 2009 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 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 and China. The Group brand portfolio includes
the leading brand in the industry, Rapala, and other global brands
like VMC, Storm, Blue Fox, Luhr Jensen, Williamson, Marttiini and
Sufix. The Group, with net sales of EUR 243 million in 2008, employs
some 3000 people in 30 countries. Rapala's share is listed and traded
on the NASDAQ OMX Helsinki stock exchange since 1998.

Attachments:

Stock exchange release_07_04_2009_AGM.pdf