Finnlines - Company Announcement

THE HELSINKI COURT OF APPEAL DISMISSED MINIMUM DIVIDEND ACTION INITIATED AGAINST FINNLINES BY ILMARINEN

Helsinki, Finland, 2011-11-29 08:57 CET (GLOBE NEWSWIRE) -- Finnlines Plc  
Stock Exchange Release 29 November 2011   at 10:00 am 





THE HELSINKI COURT OF APPEAL DISMISSED MINIMUM DIVIDEND ACTION INITIATED
AGAINST FINNLINES BY ILMARINEN 





The Helsinki Court Of Appeal has today overruled the judgment rendered by the
Helsinki District Court on 3 March 2010 and dismissed all claims presented
against Finnlines Plc by Mutual Pension Insurance Company Ilmarinen. 



In its action Ilmarinen had objected to the decision of Finnlines' Annual
General Meeting held on 20 May 2008 concerning minimum dividend and demanded
that the resolution be amended so that the minimum dividend paid should have
been 17,181,000 euros instead of 180,216.39 euros. 



The Court of Appeal finds the decision by Finnlines' Annual General Meeting not
to have been in breach of the provisions of the Finnish Companies Act relating
to minimum dividend. 



The Court of Appeal has ordered Ilmarinen to compensate Finnlines' legal costs
in the District Court and in the Court of Appeal by an amount of 538,303.79
euros. 



It is possible to file an application for a leave to appeal against the
judgment of the Court of Appeal to the Supreme Court. The judgment will be
final and non-appealable, unless Ilmarinen files an application for a leave to
appeal within 60 days from the day following the date of the judgment, or if
the Supreme Court does not grant a leave to appeal against the judgment. 



In Helsinki on 29 November 2011





Finnlines Plc





Seija Turunen / Tapani Voionmaa

CFO / Group Legal Counsel



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