Pihlajalinna Oyj - Company Announcement

Pihlajalinna Plc: Pihlajalinna not to propose dividends to AMG

Pihlajalinna Plc Stock Exchange Release 1st April, 2016 at 18.30 (EET)

 PIHLAJALINNA NOT TO PROPOSE DIVIDENDS TO AMG

As stated in Pihlajalinna's Annual Review the distributable unrestricted equity
of the parent at the end of the financial year 2015 is 149.5 million euros. The
reserve for invested unrestricted equity of the company totals 153.1 million
euros. Retained earnings of the parent company totals -3.6 million euros. The
company was founded in April 2014 and it became the parent company for
Pihlajalinna Group in July 2014. The losses of the parent company have mainly
accrued due to the costs of the IPO. At the end of the year 2015, Pihlajalinna
Groups retained earnings amounts to 4.1 million euros.

A dividend of 0.02 euros per share has been proposed in the notice to the Annual
General Meeting. However, dividends can not be distributed when a parent company
has no retained earnings. In a situation like this the distribution of funds
should be carried out as repayment of capital from the reserve for invested
unrestricted equity instead of dividend distribution. However, resolutions on
repayment of capital can not be done unless mentioned in the notice to the AMG.

Thus no dividend distribution will be proposed to the Annual General Meeting on
4(th) April 2016.

If needed an Extraordinary General Meeting will be organized in order to decide
on the distribution of funds during 2016.



Further information:

Terhi Kivinen, SVP, Communications, Marketing and IR, Pihlajalinna Plc,
+358 40 848 4001, terhi.kivinen@pihlajalinna.fi

Distribution

Nasdaq Helsinki Oy

Key media

investors.pihlajalinna-konserni.fi


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