Sievi Capital Oyj - Company Announcement

SIEVI CAPITAL PLC'S ANNUAL GENERAL MEETING, 19 APRIL 2012

SIEVI CAPITAL PLC  STOCK EXCHANGE RELEASE   19 APRIL 2012 2.50 P.M.

SIEVI CAPITAL PLC'S ANNUAL GENERAL MEETING, 19 APRIL 2012



Sievi Capital plc's Annual General Meeting has in it's meeting on 19 April 2012
confirmed the Financial Statements for 2011 and discharged the Board of
Directors and the President from liability. 

According to Board of Directors' proposal The Annual General Meeting decided to
distribute a dividend total of EUR 0.06 per share on the market. The record
date for the payment of dividend is on 24 April 2012 and the date of payment of
the dividend is on 3 May 2012. 

The Meeting resolved that the Board of Directors consists of five members.
Jorma J. Takanen, Asa-Matti Lyytinen and Jarkko Takanen were re-elected as
members of the Board of Directors and Riitta Kotilainen and Harri Takanen were
elected as new members of the Board of Directors. The meeting decided that the
remuneration of Chairman of the Board of Directors is EUR 1,300/month, of a
member not employed by the company EUR 700/month and of member employed by the
company EUR 300/month. The remuneration for the auditor shall be paid against
the auditor's reasonable invoice. The company's auditor is KPMG Oy AB, a
company of Authorised Public Accountants, and the new main auditor is
Authorised Public Accountant Antti Kääriäinen. The auditor is appointed for an
indefinite term. 

In it's meeting, held after the General Meeting, the Board of Directors elected
Asa-Matti Lyytinen as the Chairman of the Board of Directors. 

The Meeting approved the Board of Directors' proposal to amend the 3 § of
Articles of Association which was amended that Board of Directors consists of a
minimum of five (3) and a maximum of seven (7) members in accordance with the
decision made by the Annual General Meeting. 

The Meeting decided according to the Board of Directors' proposal to authorize
the Board of Directors to decide on the acquisition of the Company's own shares
with distributable assets. The maximum number of the shares to be repurchased
shall not exceed 3,000,000 shares. The shares will be purchased using the
company's non-restricted equity in compliance with the regulations of the
Companies Act in force. Shares will be purchased in another proportion than
that of the holdings of the current shareholders. Purchasing will take place
through public trading arranged by NASDAQ OMX Helsinki Oy. The shares will be
purchased at the fair value established in public trading at the time of
acquisition. The acquisition of shares will decrease the Company's
distributable non-restricted reserves. 

The authorization cancels the authorization given in the Annual General Meeting
on 13 April 2011 to repurchase the company's own shares. The authorization will
remain in force for 18 months after it is issued. Currently Sievi Capital plc
holds 2,983,831 own shares. 

The minutes of the Annual General Meeting will be available on the company's
website, www.sievicapital.com, as of 3 May 2012. 



SIEVI CAPITAL PLC

Jorma J. Takanen

President & CEO



Additional information

President Jorma J. Takanen, tel +358 8 4882 502



Distribution         NASDAQ OMX Helsinki

                     Major Media

                     www.sievicapital.com