Orion - Company Announcement

136,231 Orion A-shares converted into B-shares

ORION CORPORATION STOCK EXCHANGE RELEASE 19 August 2011 at 9.00  EEST

In accordance with Section 3 of the Articles of Association of Orion
Corporation, 136,231 A-shares have been converted into 136,231 B-shares. The
conversion has been entered into the Trade Register on 19 August 2011.

The total number of shares in Orion Corporation is 141,257,828  which, after the
conversion, consists of 46,047,646 A-shares and 95,210,182 B-shares.


Orion Corporation


Olli Huotari             Jari Karlson
SVP, Corporate Functions CFO



Publisher:
Orion Corporation
Communications
Orionintie 1A, FI-02200 Espoo
www.orion.fi

Orion is an innovative European R&D-based pharmaceutical and diagnostic company
with a special emphasis on developing medicinal treatments and diagnostic tests
for global markets. Orion develops, manufactures and markets human and
veterinary pharmaceuticals, active pharmaceutical ingredients and diagnostic
tests. Orion's pharmaceutical R&D focuses on the following core therapy areas:
central nervous system drugs, cancer and critical care drugs, and Easyhaler®
pulmonary drugs.

The Group's net sales in 2010 amounted to EUR 850 million. The Company invested
EUR 85 million in research and development. At the end of 2010, the Group had a
total of approximately 3,100 employees, of whom 2,450 worked in Finland and 650
in other countries. Orion's A and B shares are listed on NASDAQ OMX Helsinki.




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