Orion - Company Announcement

Decision by the Board of Directors to acquire own shares

ORION CORPORATION      STOCK EXCHANGE RELEASE 27 APRIL 2016 at  12.15  p.m.
EEST

Decision by the Board of Directors to acquire own shares


The Board of Directors of Orion Corporation decided on 27 April 2016 on a share
acquisition based on the authorisation by the Annual General Meeting on 22 March
2016. According to the decision, 500,000 Class B shares of Orion Corporation
will be acquired. The acquisition will be started at the earliest on 4 May 2016
and it can continue until further notice. The acquisition of the shares will be
executed in accordance with the terms of the authorisation by the Annual General
Meeting.

The shares shall be acquired using funds in the company's distributable equity
at the price of the acquisition moment quoted at trading on regulated market
organised by Nasdaq Helsinki Oy ("Stock Exchange"), in proportions not
corresponding to the shareholders' holdings. The shares shall be acquired and
paid for in accordance with the rules of the Stock Exchange and Euroclear
Finland Ltd.

The shares will be acquired to be used as part of the execution of incentive
plans of the Orion Group. There is a weighty financial reason for the targeted
share acquisition, because the purpose of the incentive plans is to encourage
the persons involved in it to sustained commitment and efforts for  the benefit
of the company and its shareholders.

The terms and conditions of the authorisation to acquire the company's own
shares are attached to this release. They were published in the stock exchange
release of  22 March 2016 concerning the decisions of the Annual General Meeting
of Orion Corporation.

The 2015 Financial Statements documents of Orion Corporation, the decision of
the profit distribution made by the Annual General Meeting on 22 March 2016  as
well as the Interim Report 1-3/2016  are available on the homepage
http://www.orion.fi/en/News-and-media/, as provided in the Companies Act.



Orion Corporation


 Timo Lappalainen    Olli Huotari
 President and CEO   SVP, Corporate Functions



Contact person:
Olli Huotari, SVP, Corporate Functions
tel. +358 10 426 3054




APPENDIX:

Authorisation of  the Board of Directors to decide on acquisition of the
company's own shares
The Board of Directors of Orion Corporation was authorised by the Annual General
Meeting 2016 of Orion Corporation to decide on the acquisition of the company's
own shares on the following terms and conditions:

Maximum amount of shares to be acquired
On the basis of the authorisation, the Board of Directors shall be entitled to
decide on the acquisition of no more than 500,000 B-shares of Orion Corporation.

Consideration to be paid for the shares
The own shares shall be acquired at the price of the acquisition moment quoted
at trading on regulated market organised by Nasdaq Helsinki Ltd ("Stock
Exchange"), using funds in the Company's distributable equity.

Targeted acquisition
The own shares shall be acquired through trading on regulated market organised
by the Stock Exchange in a proportion not corresponding to the shareholders'
holdings. The shares shall be acquired and paid for in accordance with the rules
of the Stock Exchange and Euroclear Finland Ltd.

Holding, invalidation and conveyance of the shares
The shares acquired can be kept, invalidated, or further conveyed by the
Company.

The shares can be acquired for the purpose of developing the capital structure
of the Company, for using them for financing possible corporate acquisitions or
other business arrangements of the Company, for financing capital expenditure,
as part of the Company's incentive system, or otherwise conveying or
invalidating them.

Other terms and validity
The Board of Directors shall decide on other matters related to the acquisition
of own shares.

The authorisation to acquire own shares shall be valid 18 months from the
decision of the Annual General Meeting of the Shareholders.





Publisher:
Orion Corporation
Communications
Orionintie 1A, FI-02200 Espoo, Finland
Homepage: www.orion.fi


Orion is a globally operating Finnish company developing pharmaceuticals and
diagnostic tests - a builder of well-being. Orion develops, manufactures and
markets human and veterinary pharmaceuticals, active pharmaceutical ingredients
and diagnostic tests. The company is continuously developing new drugs and
treatment methods. The core therapy areas of Orion's pharmaceutical R&D are
central nervous system (CNS) disorders, oncology and respiratory for which Orion
developes inhaled Easyhaler® pulmonary drugs.

Orion's net sales in 2015 amounted to EUR 1,016 million and the company had
about 3,400 employees. Orion's A and B shares are listed on Nasdaq Helsinki.

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