Okmetic Oyj - Notice to general meeting

OKMETIC’S ANNUAL GENERAL MEETING TO CONVENE ON 29 MARCH 2007 AT 10.00

OKMETIC OYJ  STOCK EXCHANGE RELEASE  2 MARCH 2007  AT 2.00 P.M.  1(3)

OKMETIC'S ANNUAL GENERAL MEETING TO CONVENE ON 29 MARCH 2007 AT 10.00
A.M.

The Board of Directors of Okmetic Oyj has decided to convene the
Annual General Meeting of Shareholders of the Company on Thursday 29
March 2007 at 10.00 a.m. The meeting will take place in the JFK
Auditorium of the Presto Building in Airport Plaza Business Park,
Äyritie 12 B, Vantaa (Veromies).

The official notice of the Annual General Meeting will be published on
Wednesday 7 March 2007 in the daily newspaper Helsingin Sanomat.

At the meeting, the participants will address the issues that
according to section 3 of chapter 5 of the Finnish Companies Act and
section 13 of Okmetic's Articles of Association fall under the
jurisdiction of the Annual General Meeting.

In addition, the meeting shall be asked to decide on the following
matters proposed by the Board of Directors:

1. Payment of dividends

The Board of Directors proposes that no dividends shall be paid for
the year 2006.

2. Board of Directors' proposal regarding its own powers to decide on
new issues and other share entitlements

The Board of Directors proposes to the Annual General Meeting that the
Board of Directors be granted the authority to decide on new issues,
stock options and other share entitlements according to the first
paragraph of section 10 of the Finnish Companies Act as follows:

The aggregate number of shares issued on the basis of the
authorisation may not exceed 3,377,500 shares, which represents
approximately 20 percent of all the shares of the Company.

The Board of Directors is authorised to decide on all the terms and
conditions concerning the issue of shares and other share
entitlements. The authorisation relates to the issuance of new shares.
Issuance of shares and other share entitlements can be carried out as
a directed issue.

The authorisation is effective until the following Annual General
Meeting of Shareholders, however no later than until 29 March 2008.

3. Board of Directors' proposal regarding the amendment of Articles of
Association

The Board of Directors proposes that the Annual General Meeting decide
to amend the Articles of Association of the Company. The proposed
amendments are mainly due to the new Finnish Companies Act, which
entered into force on 1 September 2006, and are mainly of a technical
nature.

The main content of the proposed amendments is as follows:

- Section 3 concerning the maximum and minimum share capital of the
  Company is removed as redundant.



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- The first paragraph of section 4 concerning the absence of par value
  of the shares is removed as redundant.
- Section 5 concerning the record date procedure of the book-entry
  system is removed as redundant.
- Section 8 concerning the right to sign in the name of the Company is
  amended to correspond to the wording of the Companies Act.
- Section 12 concerning the invitations to Annual General Meetings is
  amended to the effect that the invitation can be delivered no
  earlier than three months prior to the Annual General Meeting
  instead of the current two months.
- Section 13 concerning the Annual General Meeting of Shareholders is
  amended to correspond to the amended legislation.
- The numbering of the sections in the Articles of Association is
  amended to correspond to the above.

Board of Directors and auditor

Okmetic Oyj's large shareholders Outokumpu Oyj and Oras Invest Oy who
together hold 19.2 percent of the votes in the Company, have informed
the Company that they will propose to the Annual General Meeting of
Shareholders that the Board of Directors should have five members. The
above mentioned companies also propose that the existing members of
the Board of Directors be re-elected for the period expiring at the
close of the next Annual General Meeting. The members are Mr. Mikko J.
Aro; Mr. Karri Kaitue, Deputy CEO of Outokumpu Oyj; Mr. Esa Lager,
Chief Financial Officer of Outokumpu Oyj; Mr. Pekka Paasikivi,
Chairman of the Board of Directors of Oras Invest Oy; and Mr. Pekka
Salmi, Investment Director of the Finnish National Fund for Research
and Development Sitra.

The above mentioned companies further propose that Authorised Public
Accountants PricewaterhouseCoopers Oy be elected as auditor for the
Company until the close of the following Annual General Meeting, with
Markku Marjomaa as the principal auditor.

All candidates have given their consent to be elected.

OKMETIC OYJ

Esko Sipilä
Senior Vice President, Finance

For further information, please contact:

Senior Vice President, Finance Esko Sipilä, Okmetic Oyj,
Tel. +358 9 5028 0286, email: esko.sipila@okmetic.com

Distribution:
Helsinki exchanges
Principal media










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IN BRIEF

Okmetic - take it higher

Okmetic is a technology Company that manufactures and carries out
further processing on high-quality silicon wafers for the sensor and
semiconductor industries. The Company also sells technology. Okmetic's
wafers are part of a further processing chain, which produces end
products that improve human interaction and quality of life.

Okmetic's products are based on innovative product development, an
efficient production process and a strong partner network. The Company
offers its customers solutions that enhance their competitiveness and
profitability.

Okmetic has plants in Vantaa, Finland and in Allen, Texas in North
America. The company is quoted on the Helsinki Stock Exchange (Nordic
Small Cap list: OKM1V). More information about the Company can be
found at www.okmetic.com.