Vaahto Group Plc Oyj - Decisions of general meeting

VAAHTO GROUP PLC OYJ ANNUAL GENERAL MEETING DECEMBER 14, 2010

Lahti, Finland, 2010-12-14 14:55 CET (GLOBE NEWSWIRE) -- VAAHTO GROUP PLC OYJ STOCK EXCHANGE BULLETIN 14.12.2010 at 15:55

VAAHTO GROUP PLC OYJ ANNUAL GENERAL MEETING DECEMBER 14, 2010

The Annual General Meeting of Vaahto Group Plc Oyj, held December 14, 2010, has
decided to accept the Board of Directors' proposal that no dividend for the
fiscal period September 1, 2009 -- August 31, 2010 be paid. 

In the meeting the company accounts were adopted, the CEO and the members of
the Board of Directors were released from liability for the fiscal year. 

To the Board of Directors the Annual General Meeting elected:

Rainer Häggblom

Reijo Järvinen

Topi Karppanen

Antti Vaahto

Mikko Vaahto

CPA Corporation Ernst & Young Oy with Panu Juonala, CPA as the chief auditor
was elected to act as company's auditors. 

The Annual General Meeting resolved in accordance with the Board of Directors'
proposal on the combination of the company's two share classes through an
amendment to the Articles of Asociation and on the directed free share issue to
the holders of class K shares.The amended Articles of Association in their
entity are attached. 

The Annual General Meeting also resolved in accordance with the Board of
Directors' proposal to authorize the Board to decide on an issue of maximum
300,000 new shares. 

All decisions in the meeting were unanimous.

The Board of Directors of Vaahto Group Plc Oyj has December 14, 2010 elected
Reijo Järvinen as the Chairman of the Board and Rainer Häggblom as
vice-chairman of the Board. 

Lahti December 14, 2010

VAAHTO GROUP PLC OYJ

Anssi Klinga

CEO

Vaahto Group is a globally operating high technology company serving process
industry in the fields of pulp and paper machinery and process machinery. 

ANNEX 1.

ARTICLES OF ASSOCIATION OF VAAHTO GROUP PLC OYJ

Article 1 The business name of the company is Vaahto Group Plc Oyj, and its
domicile is Hollola. 

Article 2 The company's line of business is the metal industry and trade in
metal industry products in Finland and abroad. As part of its line of business,
the company also attends to the administration and financing of companies
belonging to Vaahto Group. The company also handles the organization,
financing, accounting, office services, and purchasing and sales functions of
Group companies as well as other administration services for the Group. The
company may acquire patents and other rights on behalf of the Group and provide
consulting services; own and control real estate and shares in real-estate
corporations; carry out renting and other leasing operations; and invest its
assets in stocks, securities, and other money market instruments. The company
may carry out the operations mentioned above either directly or through
subsidiaries and affiliated companies. 

Article 3 The company's shares belong to the book-entry system.

Article 4 The company has a Board of Directors that comprises no fewer than
three and no more than six members. The term of a Board member ends at the end
of the first full Annual General Meeting after the election. 

The chairman and vice-chairman of the Board are selected by the Board from
among its members. The company's CEO cannot be chairman of the Board. 

Article 5 The company has a CEO, selected by the Board of Directors.

Article 6 The company is represented by the chairman of the Board of Directors
and the CEO, both of them together with a Board member. 

The Board decides on issuance and cancellation of procurations. Procurations
can be issued such that a holder of procuration represents the company alone or
jointly with another holder of procuration or a Board member. 

Article 7 The company has one auditor, which must be an auditing firm certified
by the Central Chamber of Commerce of Finland. 

The auditor's term covers the fiscal year during which the election was held,
and the duty ends at the end of the first full Annual General Meeting after
said election. 

Article 8 The company's fiscal year ends on September 1 and ends on August 31.

Article 9 According to the Board's decision, an Annual General Meeting can be
held at the company's domicile, or in Helsinki or Lahti. 

A summons to an Annual General Meeting shall be published no earlier than three
months and no later than three weeks before the meeting, yet always taking into
account the stipulations of the Companies Act concerning the summons dates, on
the company's Web site and in any other manner determined by the Board of
Directors. 

In order to be able to participate in the Annual General Meeting, a shareholder
must register for this within the time mentioned in the summons, which must end
no sooner than 10 days before the meeting. 

Article 10 The Annual General Meeting must be held no more than six months
after the end of the fiscal year. 

At the Annual General Meeting,

the following documents must be presented:

1. the financial statements, the consolidated financial statements, and the
annual report 

2. the auditor's report

decisions on the following must be made:

3. verification of the financial statements and the consolidated financial
statements 

4. disposal of the profit shown on the balance sheet

5. discharge of the Board members and the CEO from liability

6. the fees of the Board members and the auditor

7. the number of the Board members

the following officers must be elected:

8. the members of the Board

9. the auditor.

         Anssi Klinga
         CEO, Vaahto Group Plc Oyj
         tel. +358 50 466 1470