Okmetic Oyj - Company Announcement

OKMETIC INITIATES REPURCHASE OF OWN SHARES, SHARE-BASED INCENTIVE PLAN FOR THE EXECUTIVE MANAGEMENT GROUP

OKMETIC OYJ STOCK EXCHANGE RELEASE 11.2.2010 AT 1.00 P.M.

OKMETIC INITIATES REPURCHASE OF OWN SHARES, SHARE-BASED INCENTIVE PLAN FOR THE
EXECUTIVE MANAGEMENT GROUP

DECISION TO INITIATE REPURCHASE OF OWN SHARES

The Board of Directors of Okmetic has today decided, based on an existing
authorisation of the Board of Directors, to repurchase a maximum of 280 000 own
shares in the company, corresponding to approximately 1.7 percent of the total
number of Okmetic shares. Currently, the company does not possess any own
shares.


The repurchased shares may be used in developing the company's capital
structure, as compensation in possible corporate acquisitions or in other
business arrangements, as part of the company's incentive plan or transferred or
cancelled in other ways.


The shares shall be repurchased with the company's distributable assets and the
repurchase shall decrease the company's distributable equity. The shares shall
be repurchased in a proportion other than that of the shares held by the
shareholders through public trading on the NASDAQ OMX Helsinki Oy at market
price prevailing at the time of repurchase.

Share repurchase shall be started on 18 February 2010 at the earliest. Share
repurchase shall end before the Annual General Meeting 2010, however, on 6 May
2010 at the latest.

The Extraordinary General Meeting of Okmetic Oyj has on 6 November 2008
authorised the Board of Directors to decide on repurchase of a maximum of
1 688 750 own shares. The terms and conditions of the authorisation have been
disclosed in the stock exchange release of 6 November 2008 regarding the
decisions of the Extraordinary General Meeting of Okmetic Oyj. The authorisation
has not been used yet.

Okmetic Oyj's financial statements, interim reports and other documents that
shall be held available according to the provisions regarding repurchase of own
shares are available at Okmetic Oyj's website www.okmetic.com for at least the
time during which the shares to be repurchased shall be offered to the company.

DECISION ON A SHARE-BASED INCENTIVE PLAN FOR THE EXECUTIVE MANAGEMENT GROUP FOR
2010 AND 2011

The Board of Directors of Okmetic has today also decided on a new performance
share program for the Executive Management Group for 2010 and 2011 as a part of
the group's incentive and commitment plan.

The purpose of the program is to commit the Executive Management Group and to
incentivise to profitable, growing business performance with a strong cash flow
and in this way to generate long-term shareholder value. The program is divided
into two earnings periods, which are the calendar years 2010 and 2011.

The payment of reward will be based on common performance criteria, which are,
among other things, the operating income and cash flow, as well as on individual
performance criteria which are, for the President, increasing sales and
improving profitability. The individual performance criteria for the other
Executive Management Group members are prepared by the President and the Board
of Directors resolves on the confirmation of the criteria.



The possible rewards of the performance share program will be paid in Okmetic
shares and in a monetary amount covering the taxes in accordance with reaching
the goals that have been set. The amount of the earned reward will be determined
based on the realisation of the set goals and the possible reward will be paid
to the persons in the program at a time decided by the Board of Directors.


The possible rewards to be paid in accordance with the program correspond to a
maximum of 1.4 million euro in total, including also the monetary amount
covering the taxes. The shares to be transferred as rewards will be the
company's own shares to be repurchased from the stock market and therefore, the
incentive program does not have a dilution effect to the number of shares.

The shares earned based on the performance share program must be held for at
least two years after each reward disbursement. In addition, the President must
hold at least half of the shares received as share reward for as long as the
President is in the service of the company. If a person participating in the
program ceases to be in the service of the company, the rights that such person
has based on the program shall expire. The persons in the program may change
during the course of the program.

In addition to the new performance share program directed to the Executive
Management Group, a share ownership program directed to the top management is in
place in Okmetic.


OKMETIC OYJ

Board of Directors


For further information, please contact:

President Kai Seikku, Okmetic Oyj,
tel. (09)5028 0232, email: kai.seikku@okmetic.com

Senior Vice President, Finance, Esko Sipilä, Okmetic Oyj,
tel. (09) 5028 0286, email: esko.sipila@okmetic.com


Distribution:
NASDAQ OMX Helsinki
Principal media
www.okmetic.com

OKMETIC IN BRIEF

Take it higher

Okmetic is a technology company which supplies tailor-made silicon wafers for
sensor and semiconductor industries and sells its technological expertise to
solar cell industry. Okmetic provides its customers with solutions that boost
their competitiveness and profitability.

Okmetic's silicon wafers are part of a further processing chain that produces
end products that improve human interaction and quality of life. Okmetic's
products are based on high-tech expertise that generates added value for
customers, innovative product development and an extremely efficient production
process.

Okmetic has a global customer base and sales network, production plants in
Finland and the US and contract manufacturers in Japan and China. Okmetic's
shares are listed on NASDAQ OMX Helsinki under the code OKM1V. For more
information on the company, please visit our website at www.okmetic.com.




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Attachments:

OKME0610.pdf