Pihlajalinna Oyj - Company Announcement

Pihlajalinna Plc: Pihlajalinna Plc largest shareholder's proposal for the amount of Board members and of the Board composition

Pihlajalinna Plc Stock Exchange release 23 March 2016 at 8.00 EET

Pihlajalinna Plc largest shareholder's proposal for the amount of Board members
and of the Board composition

The largest shareholders of Pihlajalinna Plc who represent apprx.38 per cent of
the company's shares and votes propose to the next Annual General Meeting which
will be held on April 4 2016 that the number of members of the Board of
Directors would be six (6) at a time for the term beginning at the end of the
Annual General Meeting on April 4. Leena Niemistö, Jari Sundström and Aarne
Aktan are proposed to be re-elected as members of the Board of Directors and
Seija Turunen, Jari Eklund, Timo Everi and Mikko Wirén are proposed to be
elected as new members of the Board of Directors.  All proposed members have
given their consent to the election.

Wirén's term as a Member of the Board is proposed to begin when his term as the
CEO ends. Aarne Aktan has announced the he will resign from the Board when he
starts as the CEO.

The largest shareholders recommend Mikko Wirén as the Chairman of the Board from
the beginning of his term.

Seija Turunen b. 1953 is currently a board professional and among others a
Member of the Elisa Oyj Board of Directors. Formerly she has been Advisor of the
Board of Finnlines Oyj 2013-2014, Vice President and CFO of Finnlines Oyj
2007-2013, Director of harbor functions and CEO of harbor companies (Finnsteve-
yhtiöt) 2010-2013, and Director of Finance Finnlines Oyj 1997-2007. Turunen has
a Master's degree in Business Administration.

Jari Eklund b. 1963 is currently a Director in LähiTapiola Group. He has
formerly worked as an Investment Director of  Vahinko- ja Henki-Tapiola
1998-2012, Unit Director 1996-1997, Head of Department 1994-1995 ja Head of
Securities 1993-1994. Eklund has a Master's degree in Business Administration.

Timo Everi b. 1963, has been the Executive Partner at Hasan&Partners advertising
agency from 1991. He has previously served as Chief Commercial Officer and
Director of Marketing at Wataniya Telecom Plc in Kuwait in 2004-2006. He is also
the Chairman of the Board of HIFK-Hockey Ab and Member of the Board of Restamax
Oy and Champions Hockey League Ag. He has a BBA and an eMBA degree.

Mikko Wirén b. 1972 is currently the CEO of Pihlajalinna Plc. He has founded
Pihlajalinna (currently MWW Yhtiö Oy) in 2001 and worked as General Practitioner
and Occupational Health Physician at Pihlajalinna Terveys Oy and its predecessor
in 2001-2011 and as Health Centre Physician in Parkano in 2001-2005. Wirén has a
Licentiate degree in Medicine.

More information on the proposed Board members and their independence assessment
is available on company's website investors.pihlajalinna-konserni.fi.

PIHLAJALINNA Plc

Further information

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

Distribution

Nasdaq Helsinki Oy

Key media

investors.pihlajalinna-konserni.fi


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