Finnlines - Decisions of general meeting

Decisions of Annual General Meeting

Finnlines Plc Stock Exchange Release 14 April, 2010 

The Annual General Meeting of Finnlines Plc approved the Financial Statements
and discharged the company's officers from liability for the financial year
2009 except for Mr. Christer Antson. 

It was decided to accept the proposal of the Board of Directors that no
dividend shall be paid for the year 2009. 

The meeting decided that the number of Board Members be six. Current Board
Members were re-elected; Mr Emanuele Grimaldi, Mr Gianluca Grimaldi, Mr Diego
Pacella, Mr Antti Pankakoski, Mr Olav K Rakkenes and Mr Jon-Aksel Torgersen.
The yearly compensation to the Board will remain unchanged as follows: the
chairman EUR 50,000, the vice-chairman EUR 40,000 and the member EUR 30,000. 

The Annual General Meeting re-elected Deloitte & Touche Oy as the Company's
auditor for the fiscal year 2010. It was decided that the external auditors
will be reimbursed according to invoice. 

It was decided to authorize the Board of Directors to resolve on the issuance
of shares in one or several tranches. The Board of Directors may, on the basis
of the authorization, resolve on the issuance of shares in one or several
tranches, so that the aggregate number of shares to be issued shall not exceed
20,000,000 shares. The Board of Directors decides on all the conditions of the
issuance of shares. The issuance of shares may be carried out in deviation from
the shareholders' pre-emptive rights (directed issue). The authorization is
valid until the next Annual General Meeting. The authorization replaces the
Annual General Meeting's authorization to decide on a share issue of 15 April,
2009. 

It was decided to that § 10 of the Articles of Association of the Company
regarding the convocation period of the Shareholders' Meeting be altered to
correspond with the amended provisions of the Companies Act as follows: 
“The Shareholders' Meeting shall be announced in a national newspaper chosen by
the Board, no earlier than three months before the Shareholders' Meeting and no
later than 21 days before the Shareholders' Meeting. The invitation must in any
event be given no later than nine (9) days before the record date of the
Shareholders' Meeting.” 

It was decided to that § 13 of the Articles of Association concerning the
holding of the Annual General Meeting be specified as follows: 
“The Annual General Meeting shall be held annually at the latest in June.
At the Annual General Meeting the following shall be presented:
1. The financial statements
2. The Auditors' report; 
decided:
3. Approval of the income statement and balance sheet;
4. Measures to which the result shown in the financial statements may give rise
as well as the date, starting from which the shareholders can collect their
dividends; 
5. Discharge from liability to the members of the Board of Directors and the
President; 
6. Number of Board Members and the remuneration to be paid to Board Members;
7. The remuneration to be paid to the Auditors;
8. Any other matters mentioned in the convocation to the General Meeting; 
elected:
9. Board Members and
10. The Auditor and Deputy Auditor.”

THE BOARD OF DIRECTORS

Distribution
- Nasdaq OMX Helsinki Ltd
- Main media