Orion - Decisions of general meeting

Orion Corporation: Decisions by the AGM on 22 March 2017

ORION CORPORATION         STOCK EXCHANGE RELEASE 22 MARCH 2017 at 4.00 P.M.
EET


Orion Corporation: Decisions by the AGM on 22 March 2017

At the Annual General Meeting of Orion Corporation held today, the following
decisions were made:
  * A total dividend of EUR 1.55 per share was confirmed to be paid. The record
    date for the dividend payment is 24 March 2017 and the payment date is 31
    March 2017.
  * The proposals concerning the election and remuneration of the Board of
    Directors and the auditor and the number of the members of the Board of
    Directors were approved.
  * Sirpa Jalkanen, Timo Maasilta, Eija Ronkainen, Mikael Silvennoinen and
    Heikki Westerlund were re-elected to the Board of Directors. Ari Lehtoranta
    and Hilpi Rautelin were elected as new members. Heikki Westerlund was
    elected as Chairman.
  * Sections 5 and 9(1) of the Articles of Association were amended.

The Annual General Meeting of Orion Corporation was held today in Helsinki. The
following matters were handled at the meeting:

Adoption of the Financial Statements for 1 January - 31 December 2016

The AGM confirmed the Financial Statements of the parent company and the Group
as per 31 December 2016.

Total dividend EUR 1.55 per share

The proposed dividend of EUR 1.35 per share and in addition, in honor of Orion's
centenary, an extra dividend of EUR 0.20 per share, i.e., in total a dividend of
EUR 1.55 per share was approved. The record date for the dividend payment is 24
March 2017 and the payment date is 31 March 2017.

Discharge from liability

The members of the Board of Directors and the President and CEO were discharged
from liability for the financial period of 1 January - 31 December 2016.

Remunerations to be paid to the Board of Directors

The AGM decided that as an annual fee, the Chairman shall receive EUR 84,000,
the Vice Chairman shall receive EUR 55,000 and the other members shall receive
EUR 42,000 each. As a fee for each meeting attended, the Chairman shall receive
EUR 1,200, the Vice Chairman shall receive EUR 900 and the other members shall
receive EUR 600 each. The travel expenses of the Board members shall be paid in
accordance with previously adopted practice. The aforementioned fees shall also
be paid to the Chairmen and to the members of the committees established by the
Board, for each committee meeting attended.

Of the annual fee, 60% shall be paid in cash and 40% in Orion Corporation B-
shares, which shall be acquired to the members during 27 April - 4 May 2017 from
the stock exchange in amounts corresponding to EUR 33,600 for the Chairman, EUR
22,000 for the Vice Chairman and EUR 16,800 for each of the other members. The
part of the annual fee that is to be paid in cash corresponds to the approximate
sum necessary for the payment of the income taxes on the fees and shall be paid
no later than 31 May 2017. The annual fees encompass the full term of office of
the Board of Directors.

In addition, the AGM decided that the Company shall pay the transfer tax related
to the part of the annual fee of the Board of Directors paid in shares.

Composition of the Board of Directors

Heikki Westerlund elected as Chairman

The number of members in the Board of Directors was confirmed to be seven. Sirpa
Jalkanen, Timo Maasilta, Eija Ronkainen, Mikael Silvennoinen and Heikki
Westerlund were re-elected and Ari Lehtoranta and Hilpi Rautelin were elected as
new members to the Board of Directors for the next term of office. Heikki
Westerlund was elected as Chairman.

Auditor and their remuneration

PricewaterhouseCoopers Oy, authorised public accountants, were re-elected as the
Company's auditor. The remunerations to the Auditor shall be paid on the basis
of invoicing approved by the Company.

Amendment to Sections 5 and 9(1) of the Articles of Association

Section 5 of the Articles of Association was decided to be amended so that the
last sentence of section 5 concerning the maximum age (67 years) of a person to
be elected member of the Board of Directors was removed. Due to the amendment,
section 5 of the Articles of Association is in its entirety as follows:

"The Board of Directors shall comprise at least five (5) and at most eight (8)
members. The term of the members of the Board of Directors shall end at the end
of the Annual General Meeting of the Shareholders following the election. The
General Meeting of the Shareholders shall elect the Chairman of the Board of
Directors and the Board of Directors shall elect the Vice Chairman of the Board
of Directors, both for the same term as the other members."

In addition, the first paragraph of section 9 of the Articles of Association was
decided to be amended to correspond to the amended wording of the Auditing Act.
Due to the amendment, the first paragraph of section 9 of the Articles of
Association is in its entirety as follows:

"The company shall have one auditor, which shall be Authorised Public
Accountants."


The minutes of the AGM will be provided in Finnish only, and they will become
available on Orion's website, http://www.orion.fi/en/agm2017, no later than 5
April 2017.



Orion Corporation



 Timo Lappalainen    Olli Huotari
 President and CEO   SVP, Corporate Functions





Contact person:
Olli Huotari, SVP, Corporate Functions, phone +358 50 966 3054



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


Orion is a globally operating Finnish pharmaceutical company - a builder of
well-being. Orion develops, manufactures and markets human and veterinary
pharmaceuticals, active pharmaceutical ingredients and diagnostic tests. The
company is continuously developing new drugs and treatment methods. The core
therapy areas of Orion's pharmaceutical R&D are central nervous system (CNS)
disorders, oncology and respiratory for which Orion developes inhaled Easyhaler®
pulmonary drugs. Orion's net sales in 2016 amounted to EUR 1,074 million and the
company had about 3,500 employees. Orion's A and B shares are listed on Nasdaq
Helsinki. Founded in 1917, Orion celebrates its centennial anniversary in 2017.

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