Tiimari Oyj Abp - Decisions of general meeting

Tiimari annual general meeting of shareholders 2008

TIIMARI PLC          STOCK EXCHANGE RELEASE APRIL 4, 2008    at 12.50 


TIIMARI ANNUAL GENERAL MEETING OF SHAREHOLDERS 2008                             


The Annual General Meeting of shareholders approved the financial statements for
2007 on April 4, 2008. It was decided to pay a dividend of 0.16 euro per share. 
The record date for the dividend is April 9, 2008. The dividend will be paid on 
April 17, 2008. The members of the Board and the President were discharged from 
liability for the financial year 2007.                                          

It was decided that compensation of the President of the Board is EUR 2,400 and 
the compensation of the other Board members is EUR 1,200 per month. Additionally
it was decided that the compensation for meeting of the Board Committee is EUR  
100 per meeting.                                                                

It was decided that the number of Board members be seven. Arja Hautanen, Erik   
Helin, Kirsti Lindberg-Repo and Peter Seligson were re-elected to the Board and 
Alexander Rosenlew, Teppo Kauppila and Juha Mikkonen were appointed to the Board
as new members.                                                                 

KPMG Oy Ab was elected auditor and they nominated Mr. Sixten Nyman as           
responsible auditor. It was decided to pay the auditors' compensation based on a
reasonable invoiced amount.                                                     

The Annual General Meeting decided to authorize the Board of Directors to decide
on the acquisition of a maximum of 1,000,000 own shares. The company's holding  
of own shares, including the holdings of all subsidiaries must not, at any time,
represent more than 10% of all the registered shares of the company. Own shares 
may be acquired for improving the company's capital structure, financing        
acquisitions or other arrangements or for the purpose of otherwise assigning or 
cancelling the shares. The minimum price for own shares shall be the lowest     
market price of the share quoted in the public trading during the authorisation 
period and the maximum price the highest market price quoted during the         
authorisation period.                                                           
The Annual General Meeting decided to authorize the Board of Directors to decide
on the manner of acquisition and other conditions related to the trading of     
shares. The shares can be acquired in deviation from the proportional ownership 
of the shareholders (directed issue) providing that there is a significant      
financial reason for the company to do so. Own shares acquired by virtue of the 
authorisation may only be acquired with free equity. Acquisition of own shares  
will thus decrease the company's distributable non-restricted equity. The       
authorisation shall remain in force until the next Annual General Meeting but   
not after 30 June 2009. 
The Annual General Meeting decided to authorize the Board of Directors to decide
upon the issue of an aggregate maximum of 1,000,000 new shares in the form of a 
share issue or special rights (including stock options) entitling to shares     
pursuant to Chapter 10, Section 1 of the Finnish Companies Act in one or more   
tranches. The Board of Directors may decide to issue either new shares or the   
company's own shares that may be in the company's possession. The decided amount
of the authorisation represents approximately 9.7% of all company shares on the 
date on which the invitation to the Annual General Meeting was published.       
The authorisation is proposed to be used for financing and implementing         
potential acquisitions or other arrangements, consolidating the company's       
balance sheet and financial situation, for implementing staff engagement and    
incentive compensation systems or for any other purposes determined by the Board
of Directors. The authorisation entitles the Board of Directors to decide on any
and all terms and conditions of share issues and the issuing of special rights  
pursuant to Chapter 10, Section 1 of the Finnish Companies Act, including the   
right to identify the beneficiaries of shares or of special rights entitling to 
shares and the right to determine the amount of consideration.                  
The authorisation thus entitles the Board of Directors to directed issues of    
shares or special rights i.e. to a deviation from the shareholders' pre-emptive 
right subject to the provisions of the applicable law. The authorisation revokes
all previous authorisations for share issues and shall remain in force until the
next Annual General Meeting but not after 30 June 2009.
Convening after the Annual General Meeting, the Board elected Peter Seligson its
chairman.  
The Board appointed Juha Mikkonen chairman of the Audit Committee and its other 
members Teppo Kauppila and Peter Seligson. The Board appointed Peter Seligson   
chairman of the Nomination and Compensation Committee and its other members     
Alexander Rosenlew and Arja Hautanen.                                           

Tiimari Plc                                                                     
Kristina Illi                                                                   
Managing director                                                               

Further information: Kristina Illi, tel. +358 400 408 889