Tiimari Oyj Abp - Decisions of general meeting

Tiimari Plc Annual General Meeting April 7, 2009 decisions and organizing of the Board of Directors

Tiimari Plc             Stock Exchange Release April 7, 2009, at 13.30 
TIIMARI PLC ANNUAL GENERAL MEETING  APRIL 7, 2009 DECISIONS AND ORGANIZING OF   
THE BOARD OF DIRECTORS  - HANNU KROOK ASSUMES HIS POSITION AS PRESIDENT 
Annual General Meeting approved the financial statements for 2008 on April 7,   
2009  and the members of the Board and the President were discharged from       
liability for the financial year 2008.
The meeting decided in accordance with the Board proposal to not to distribute a
dividend and the loss for the financial year 1,585,287.88 to be booked in the   
accumulated profits account.
It was decided that the number of Board members be six. Peter Seligson, Arja    
Hautanen, Sven-Olof Kulldorff, Juha Mikkonen, Alexander Rosenlew and Hannu      
Ryöppönen were elected to the Board of Directors.
The following compensations were decided on: the Chairman and the Vice-chairman 
of the Board EUR 2,000 per month and the other Board members EUR 1,200 per      
month. Additionally it was decided that the compensation for meeting of the     
Board Committee is EUR 100 per meeting. Travel and accommodation was decided to 
be paid for in accordance to the company compensation rules.
KPMG Oy Ab was elected auditor and they nominated Mr. Sixten Nyman as           
responsible auditor. It was decided to pay the auditors' fees based on          
reasonable invoicing.
The Annual General Meeting authorized the Board to decide on issuing  a maximum 
of 5,655,535 shares through a share issue and/ or by granting stock options     
and/or other special rights entitling to shares, pursuant to chapter 10, section
1 of Finland's Limited Liability Companies Act, in one or more batches.  The    
Board may decide to issue either new shares or existing shares possibly held by 
the company. The maximum share amount of the proposed authorization is          
equivalent to 50% of all company shares at the time of convening the Annual     
General Meeting. The authorization may be used to finance or implement any      
business acquisitions or corporate arrangements, to strengthen the company's    
balance sheet and financial position, to implement new Board member, management 
and other staff loyalty and incentive schemes or for other purposes decided by  
the Board. Not more than a total of 500,000 share options may be granted to the 
new members of the Board and to the new President of the company within the     
loyalty and incentive scheme. The authorization includes entitlement for the    
Board to decide on all terms and conditions of any share issue as well as on    
those of granting any special rights pursuant to chapter 10, section 1 of the   
Limited Liability Companies Act, including the recipients of shares or of       
special rights entitling to shares as well as the consideration to be paid. Thus
the authorization also includes the right to issue shares or special rights     
through directed issue, that is to deviate from the pre-emptive right of        
shareholders, under special conditions specified by law. The authorization      
repeals the corresponding previous authorizations and is effective until the    
Annual General Meeting of 2010, although not beyond June 30, 2010.
Convening after the Annual General Meeting, the Board elected Peter Seligson its
chairman and Hannu Ryöppönen as its vice-chairman.
The Board appointed Peter Seligson chairman of the Nomination and Compensation  
Committee and its other members Alexander Rosenlew and Arja Hautanen. The Board 
appointed Hannu Ryöppönen chairman of the Audit Committee and its other members 
Juha Mikkonen and Peter Seligson.
After the Annual General Meeting M.Sc econ Hannu Krook (44), appointed as the   
new President of the Company January 19, 2009, assumed his position as the      
Company President.
Helsinki April 7, 2009
TIIMARI PLC
Additional information: Hannu Krook, president, phone +358 3 812911 
e-mail hannu.krook@tiimari.fi
Tiimari Plc is a listed company. The group consists of three retail shop        
concepts: Tiimari, Gallerix and Paperazzi. These three concepts do business in  
eight countries within the Baltic Sea region and there are altogether nearly 300
shops. All three concepts belong to the forerunners of their market segment. In 
the corporation there is also a company called Tiimore Oy which specialises in  
corporate gifts and sales promotion solutions.