Uponor - Decisions of general meeting

Resolutions by Uponor Corporation’s Annual General Meeting

Uponor Corporation                    Stock exchange release                   
   15 March 2012  18.15 EET 


Resolutions by Uponor Corporation's Annual General Meeting

Uponor Corporation's Annual General Meeting approved the proposed dividend of
€0.35 per share for 2011. The existing Board members were re-elected, with the
exception of Aimo Rajahalme, who was succeeded by Jari Rosendal as a new
member. The AGM approved all Board proposals, including authorisations to
repurchase own shares and to decide on a share issue, as well as the
establishment of a Nomination Board. The proposals can be viewed in detail at
www.uponor.com > Investors. 

The AGM adopted the financial statements and the consolidated financial
statements for 2011, and released the Board members and the managing director
from liability. 

The Chairman of the Board, Jari Paasikivi stated that the Board would not
consider initiating a share buyback at this stage. 

The dividend will be paid out on 27 March 2012, the record date being 20 March
2012. 

Held in Helsinki, Finland, the AGM was chaired by Tomas Lindholm,
Attorney-at-Law. 


Authorisation to repurchase the company's own shares

The Board of Directors was authorised to buy back a maximum of 3.5 million of
the company's own shares, which equals 4.8 per cent of the total number of
shares of the company. These shares will be bought back using distributable
earnings from unrestricted equity. The authorisation is valid until the end of
the next annual general meeting and for no longer than 18 months. 


Authorisation to issue shares

The Board of Directors was authorised to resolve on issuing a maximum of 7.2
million new shares or transferring the company's own shares. The maximum amount
of issued shares is 9.8 per cent of the total number of the shares of the
company. The Board of Directors is authorised to resolve on the conditions of
share issuance. The authorisation is valid for three years. 


Election of Directors and the Auditor

Existing Board members Jorma Eloranta, Eva Nygren, Jari Paasikivi,
Anne-Christine Silfverstolpe Nordin and Rainer S. Simon were re-elected. Mr
Jari Rosendal (b. 1965) was elected as a new member. Rosendal acts as Executive
Vice President in the listed Finnish company Outotec Oyj. 

Deloitte and Touche Oy, authorised public accountants, was re-elected as the
auditor of the corporation. 


Board remuneration

There were no changes to the Board's annual remuneration and the following
annual fees were agreed: €71,000 for the Chairman, €49,000 for the Deputy
Chairman, and €44,000 for ordinary members. Approximately 40% shall be paid in
Uponor Corporation shares, bought through public trading, and the rest in cash.
Additionally, a separate fee is paid to Board members for all board and
committee meetings. 


Establishment of the Nomination Board

The general meeting resolved to establish a permanent Nomination Board
comprising shareholders or representatives of shareholders, to annually prepare
the proposals for the election of the members of the Board of Directors and the
remuneration of members of the Board of Directors. The Board of Directors
argues that it is in the interests of the company and its shareholders for the
biggest shareholders of the company to participate in preparations for the
election and remuneration of Board members. 



Further information:
Reetta Härkki, General Counsel, Tel. +358 20 129 2835



Uponor Corporation


Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852



DISTRIBUTION:
NASDAQ OMX - Helsinki
Media
www.uponor.com



Uponor is a leading international provider of plumbing and indoor climate
solutions for residential and commercial building markets across Europe and
North America. In Northern Europe, Uponor is also a prominent supplier of
infrastructure pipe systems. Uponor offers its customers solutions that are
sustainable and safe and reliable to own and operate. The Group employs approx.
3,200 persons, in 30 countries. In 2011, Uponor's net sales totalled ca €800
million. Uponor Corporation is listed on NASDAQ OMX Helsinki in Finland.
http://www.uponor.com.