Uponor - Decisions of general meeting

Resolutions by Uponor Corporation's Annual General Meeting

Uponor Corporation         Stock exchange release                     15 March
2011     18.33 EET 

Resolutions by Uponor Corporation's Annual General Meeting

Uponor Corporation's Annual General Meeting approved the proposed dividend of
€0.55 per share for 2010. The existing Board members were re-elected. In
addition, Ms Eva Nygren was elected as the sixth member of the Board. The AGM
approved all Board proposals, including the authorisations to repurchase own
shares and to decide on a share issue. The detailed proposals are available at
www.uponor.com > Investors. 

The AGM adopted the financial statements and the consolidated financial
statements for 2010 and released the Board members and the managing director
from liability. 

The Chairman of the Board, Jari Paasikivi stated that the Board would not
consider initiating a share buyback at this stage. He also justified the
authorisation to resolve on a share issue by stating that shares can
potentially be used as a means of payment in connection with acquisitions. 

The dividend will be paid out on 25 March 2011, the record date being 18 March
2011. 

Held in Helsinki, Finland, the AGM was chaired by Tomas Lindholm,
Attorney-at-Law. 



Election of Directors and the Auditor

It was resolved that the Board would have six members, with Jorma Eloranta,
Jari Paasikivi, Aimo Rajahalme, Anne-Christine Silfverstolpe Nordin and Rainer
S. Simon being re-elected. Ms Eva Nygren, a Swedish citizen, was elected as the
sixth member. Ms Nygren is an architect and acts as managing director of two
subsidiary companies of the planning consultancy Sweco AB. 

At its organising meeting following the AGM, the Board of Directors elected
Jari Paasikivi Chairman and Aimo Rajahalme Deputy Chairman of the Board. The
Audit Committee was re-established according to its earlier composition, with
Aimo Rajahalme as chairman and Jorma Eloranta and Jari Paasikivi as members. 

Deloitte and Touche Oy, authorised public accountants, was re-elected as the
auditor of the corporation, with Mikael Paul, Authorised Public Accountant,
remaining the principal auditor. 


Board remuneration

There were no changes to the Board's annual remuneration and the following
annual fees were agreed: €71,000 for the Chairman, €49,000 for the Deputy
Chairman, and €44,000 for ordinary members. Approximately 40% shall be paid in
Uponor Corporation shares, bought in public trading, and the rest in cash. 

It was further decided that a separate remuneration per meeting shall be paid
to Board members for all meetings, amounting to €600 for meetings held in the
home country of the member, €1,200 for meetings held elsewhere in Europe, and
€2,400 for meetings held outside of Europe. The remuneration for telephone
meetings shall be the same as for meetings held in the home country of the
member. 


Further information:
Reetta Härkki, General Counsel, Tel. +358 20 129 2835



Uponor Corporation

Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852



DISTRIBUTION:
NASDAQ OMX - Helsinki
Media
www.uponor.com


Uponor is a leading international provider of plumbing and indoor climate
solutions for residential and commercial building markets across Europe and
North America. In Northern Europe, Uponor is also a prominent supplier of
infrastructure pipe systems. Uponor offers its customers solutions that are
technically advanced, ecologically sustainable, and safe and reliable to own
and operate. The Group employs approx. 3,200 persons, in 30 countries. In 2010,
Uponor's net sales totalled €750 million. Uponor Corporation is listed on
NASDAQ OMX Helsinki in Finland. http://www.uponor.com