Orion - Decisions of general meeting

Orion Corporation: Decisions by the AGM on 22 March 2016

ORION CORPORATION      STOCK EXCHANGE RELEASE   22 MARCH 2016 4.45 p.m.
EET


Orion Corporation: Decisions by the AGM on 22 March 2016


At the Annual General Meeting of Orion Corporation held today, the following
decisions were made:
  * A dividend of EUR 1.30 per share was confirmed to be paid for 2015. The
    record date for the dividend payment is 24 March 2016 and the payment date
    is 4 April 2016.
  * The proposals concerning the election and remuneration of the Board of
    Directors and the auditor and the number of the members of the Board of
    Directors were approved.
  * Sirpa Jalkanen, Timo Maasilta, Mikael Silvennoinen, Hannu Syrjänen, Heikki
    Westerlund and Jukka Ylppö were re-elected to the Board of Directors. Eija
    Ronkainen was elected as a new member. Hannu Syrjänen was re-elected as
    Chairman.
  * The Board of Directors was authorised to decide on acquisition of the
    Company's own shares and on a share issue.

The Annual General Meeting of Orion Corporation was held today in Helsinki. The
following matters were handled at the meeting:

Adoption of the Financial Statements for 1 January - 31 December 2015
The AGM confirmed the Financial Statements of the parent company and the Group
as per 31 December 2015.

Dividend EUR 1.30 per share
The proposed dividend of EUR 1.30 per share was approved. The record date for
the dividend payment is 24 March 2016 and the payment date is 4 April 2016.

Discharge from liability
The members of the Board of Directors and the President and CEO were discharged
from liability for the financial period of 1 January - 31 December 2015.

Remunerations to be paid to the Board of Directors
Remunerations  are the same  as in the  previous year. As  an annual fee for the
term  of  office  of  the  Board  of  Directors,  the Chairman shall receive EUR
76,000, the  Vice Chairman shall receive EUR  51,000 and the other members shall
receive  EUR 38,000 each. As a fee for each meeting attended, the Chairman shall
receive EUR 1,200, the Vice Chairman shall receive EUR 900 and the other members
shall  receive EUR 600 each. The  travel expenses of all  Board members shall be
paid  in accordance with  previously adopted practice.  The afore-mentioned fees
for  each committee meeting attended  shall also be paid  to the Chairmen and to
the members of the committees established by the Board.

Of the annual fee, 60% shall be paid in cash and 40% in Orion Corporation B-
shares, which shall be acquired to the members during 29 March - 1 April 2016
from the stock exchange in amounts corresponding to EUR 30,400 for the Chairman,
EUR 20,400 for the Vice Chairman and EUR 15,200 for each of the other members.
The part of the annual fee that is to be paid in cash corresponds to the
approximate sum necessary for the payment of the income taxes on the fees and
shall be paid no later than 29 April 2015. The annual fees encompass the full
term of office of the Board of Directors.

In addition, the AGM decided that the Company shall pay the transfer tax related
to the part of the annual fee of the Board of Directors paid in shares.

Composition of the Board of Directors
Hannu Syrjänen re-elected as Chairman
The number of members in the Board of Directors was confirmed to be seven. Sirpa
Jalkanen, Timo Maasilta, Mikael Silvennoinen, Hannu Syrjänen, Heikki Westerlund
and Jukka Ylppö were re-elected and Eija Ronkainen was elected as a new member
to the Board of Directors for the next term of office. Hannu Syrjänen was re-
elected as Chairman.

Auditor and their remuneration
PricewaterhouseCoopers Oy, authorised public accountants, were re-elected as the
Company's auditor. The remunerations to the Auditor shall be paid on the basis
of invoicing approved by the Company.
Authorisation of the Board of Directors to decide on acquisition of the
Company's own shares
The Board of Directors was authorised by the AGM to decide on the acquisition of
the Company's own shares on the proposed terms and conditions. The terms and
conditions are as follows:

Maximum amount of shares to be acquired
On the basis of the authorisation, the Board of Directors shall be entitled to
decide on the acquisition of no more than 500,000 B-shares of Orion Corporation.

Consideration to be paid for the shares
The own shares shall be acquired at the price of the acquisition moment quoted
at trading on regulated market organised by Nasdaq Helsinki Ltd ("Stock
Exchange"), using funds in the Company's unrestricted equity.

Targeted acquisition
The own shares shall be acquired through trading on regulated market organised
by the Stock Exchange in a proportion not corresponding to the shareholders'
holdings. The shares shall be acquired and paid for in accordance with the rules
of the Stock Exchange and Euroclear Finland Ltd.

Holding, invalidation and conveyance of the shares
The shares acquired can be kept, invalidated, or further conveyed by the
Company.

The shares can be acquired for the purpose of developing the capital structure
of the Company, for using them for financing possible corporate acquisitions or
other business arrangements of the Company, for financing capital expenditure,
as part of the Company's incentive system, or otherwise conveying or
invalidating them.

Other terms and validity
The Board of Directors shall decide on other matters related to the acquisition
of own shares.

The authorisation to acquire own shares shall be valid 18 months from the
decision of the Annual General Meeting of the Shareholders.

Authorisation of the Board of Directors to decide on a share issue
The Board of Directors was authorised by the AGM to decide on a share issue in
which the Company's own shares held by the Company can be conveyed on the
proposed terms and conditions. The terms and conditions are as follows:

Maximum amount of shares to be conveyed
On the basis of the authorisation, the Board of Directors shall be entitled to
decide on the conveyance of no more than 600,000 own B-shares held by the
Company.

Conveyance against and without payment
The own shares held by the Company can be conveyed either against or without
payment.

Shareholders' pre-emptive rights and targeted issue
The own shares held by the Company can be conveyed

  * by selling them through trading on regulated market organised by Nasdaq
    Helsinki Ltd ("Stock Exchange");
  * in a targeted issue to the Company's shareholders in the proportion
    corresponding to their holdings at the moment of the conveyance regardless
    of whether they own A- or B-shares; or
  * in a targeted issue, deviating from the shareholders' pre-emptive rights, if
    there is a weighty financial reason, such as the development of the capital
    structure of the Company, using the shares for financing possible corporate
    acquisitions or other business arrangements of the Company, financing
    capital expenditure or as part of the Company's incentive system. The
    targeted share issue can be without payment only if there is an especially
    weighty financial reason in view of the Company and the benefit of all its
    shareholders.
Subscription price in the Balance Sheet
The amounts paid for own shares conveyed shall be recorded in the reserve for
invested unrestricted equity.

Other terms and validity
The Board of Directors shall decide on other matters related to the conveyance
of own shares.

The authorisation to convey own shares shall be valid five years from the
decision of the Annual General Meeting of the Shareholders.

This decision cancels the share issue authorisation confirmed by the Annual
General Meeting of Orion Corporation on 19 March 2013, for the part which has
not yet been exercised.


The minutes of the AGM will be provided in Finnish only, and they will become
available on Orion's website, http://www.orion.fi/en/agm2016, no later than 5
April 2016.


Orion Corporation



Timo Lappalainen                          Olli Huotari
President and CEO                        Senior Vice President, Corporate
Functions


Contact person:
Olli Huotari, Senior Vice President, Corporate Functions, phone +358 50 966 3054


Publisher:
Orion Corporation
Communications
Orionintie 1A, FI-02200 Espoo, Finland
Homepage: www.orion.fi


Orion is a globally operating Finnish company developing pharmaceuticals and
diagnostic tests - a builder of well-being. Orion develops, manufactures and
markets human and veterinary pharmaceuticals, active pharmaceutical ingredients
and diagnostic tests. The company is continuously developing new drugs and
treatment methods. The core therapy areas of Orion's pharmaceutical R&D are
central nervous system (CNS) disorders, oncology and respiratory for which Orion
developes inhaled Easyhaler® pulmonary drugs.

Orion's net sales in 2015 amounted to EUR 1,016 million and the company had
about 3,400 employees. Orion's A and B shares are listed on Nasdaq Helsinki.


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