Sievi Capital Oyj - Company Announcement

SIEVI CAPITAL PLC STOCK EXCHANGE RELEASE 15 APRIL 2014 4:00 P.M. BOARD OF DIRECTORS’ ACTIONS IN RELATION TO THE TAKEOVER BID

SIEVI CAPITAL PLC STOCK EXCHANGE RELEASE 15 APRIL 2014 4:00 P.M.

BOARD OF DIRECTORS' ACTIONS IN RELATION TO THE TAKEOVER BID



The Board of Directors has nominated independent Board Members to assess the
Takeover bid and other actions in relation to the bid. The independent Board
Members are the Chairman of the Board Asa-Matti Lyytinen and Seppo Laine. Both
are independent from the Bidder and the Takeover bid. Ordinary Board Member
Jonna Tolonen is non-independent from the major shareholders and the Bidder.
The Deputy Member of the Board Jorma J. Takanen is non-independent from the
Company, major shareholders and the Bidder. 

The Board of Directors comprise quorum with only the independent members
present. 

The independent Board Members shall evaluate the bid for the Board of
Directors, which shall give a Fairness Opinion Statement regarding the Takeover
bid according to the Chapter 11 Section 13 of the Securities Market Act. The
Fairness Opinion shall be released at latest 5 banking days before the end of
the offer period. 

The Bidder has disclosed the Takeover Bid on 14 April 2014. The Board of
Directors has nominated an Independent Advisor to evaluate the offer price from
the perspective of all shareholders and to support the Board of Directors in
relation to Fairness Opinion Statement. 

SIEVI CAPITAL PLC

The Board of Directors



For additional information:

CIO & CFO Heikki Vesterinen

tel. +358 40 50 88558



Distribution:

NASDAQ OMX Helsinki

Main media

www.sievicapital.com