Tiimari Oyj Abp - Decisions of general meeting

TIIMARI PLC: DECISIONS OF THE TIIMARI PLC ANNUAL GENERAL MEETING AND THE BOARD'S CONSTITUTIVE MEETING HELD 30TH MARCH 2011

TIIMARI PLC                 STOCK EXCHANGE RELEASE 30 MARCH 2011 AT 15.00


DECISIONS OF THE TIIMARI PLC ANNUAL GENERAL MEETING AND THE BOARD'S
CONSTITUTIVE MEETING HELD 30TH MARCH 2011 

The Annual General Meeting (AGM) of Tiimari Plc held today approved the annual
accounts for the financial year 2010 and discharged the members of the Board
and the Managing Director from liability. The Meeting resolved in accordance
with Board's proposal to book the period loss of EUR 10,978,164.90 to the
retained earnings account and that no divided is distributed. 

The AGM resolved to elect five board members. Hannu Ryöppönen, Sven-Olof
Kulldorff, Juha Mikkonen, Alexander Rosenlew and Sissi Silvàn were elected as
board members. 

The AGM resolved to pay the following remunerations to the board members:
- Chairman of the Board EUR 2.400 per month
- Vice Chairman EUR 1.800 per month
- Other board members EUR 1.200 per month
- an attendance fee of EUR 100 for each board committee meeting
Travel and lodging expenses were decided to be compensated according to the
Company's expense compensation policy. 

Authorized Public Accountants KPMG Oy Ab was re-elected as the company auditor.
KPMG Oy Ab nominated APA Sixten Nyman as the principal auditor. The AGM
resolved to pay the auditor's fees in accordance with auditor's invoice and
principles approved by the audit committee. 

The AGM authorized the board, in accordance with the board's proposal,to decide
on an issuance of at maximum 5,000,000 shares by a share emission and/or by an
issuance of special rights referred to in Chapter 10, Section 1 of the
Companies Act in one or several installments. The authorization revokes any
earlier authorizations and is valid until the next annual general meeting
terminating, however, at the latest on 30th June 2012. 

The AGM resolved, in accordance with the board's proposal, to change the
paragraph 9§ of the Articles of Association to read as follows: “Invitation to
a shareholders' meeting must be published on the Company website at the
earliest three (3) months and at the latest three (3) weeks before the
shareholders' meeting, however not later than nine (9) days prior to the record
date referred to in Chapter 4, Section 2§ par. 2 of the Companies Act of the
shareholders' meeting. In addition to that, the Board of Directors may decide
to publish the invitation also by another manner. In order to be eligible to
participate in the shareholders' meeting, the shareholder must register his/her
intention to participate in the meeting at the latest on the date mentioned in
the notice to the meeting, which date maybe at the earliest ten (10) days prior
to the meeting.” 

At its constitutive meeting after the AGM, the Board elected Mr. Hannu
Ryöppönen as its chairman and Mr. Juha Mikkonen as its vice chairman. Mr.Hannu
Ryöppönen was elected as a chairman of the nomination and compensation
committee and Mr. Alexander Rosenlew and Mr. Juha Mikkonen as committee
members. Mr. Juha Mikkonen was elected as a chairman of the audit committee and
Mr. Hannu Ryöppönen and Mrs. Sissi Silvàn as committee members. 


Helsinki 30 March 2011

TIIMARI PLC


Further information: CEO Hannu Krook, tel. + 358 (0)3 812911, e-mail:
hannu.krook@tiimari.fi