Aspo - Decisions of general meeting

Decisions of the Aspo Annual Shareholders' Meeting

ASPO PLC                STOCK EXCHANGE RELEASE           April 5, 2017, at
17:15


DECISIONS OF THE ASPO ANNUAL SHAREHOLDERS' MEETING

The Annual Shareholders' Meeting of Aspo Plc on April 5, 2017, approved the
company's and consolidated financial statements 2016 and discharged the members
of the Board of Directors and the CEO from the liability. The shareholders
approved the payment of a dividend totalling EUR 0.42 per share.

The dividend will be paid in two installments. The record date for the first
installment of EUR 0.21 per share will be April 7, 2017 and the payment date
will be April 18, 2017.

The second installment of EUR 0.21 per share will be paid in November 2017 to
shareholders who are registered in the shareholders' register maintained by
Euroclear Finland Ltd on the record date. At its meeting to be held on October
26, 2017, the Board of Directors will decide on the record and payment dates of
the second installment, in accordance with the rules of the Finnish book-entry
securities system. According to the current system, the dividend record date
would be October 30, 2017 and the payment date would be November 6, 2017.

Board of Directors and Auditor

The meeting confirmed the number of Board members at six. LL.M., MBA Mammu
Kaario, M.Sc. (Econ.) Mikael Laine, LL.M. Roberto Lencioni, B.Sc. (Econ.), eMBA
Gustav Nyberg, D.Sc. (Econ.) Salla Pöyry and M.Sc. (Tech.) Risto Salo were re-
elected to the Board of Directors. At the Board's organizing meeting held after
the Annual Shareholders' Meeting, Gustav Nyberg was elected as Chairman of the
Board and Roberto Lencioni as Vice Chairman. At the meeting the Board also
decided to appoint Mammu Kaario Chairman of the Audit Committee and Mikael
Laine, Salla Pöyry and Risto Salo as committee members.

The Authorized Public Accountant firm Ernst & Young Oy was elected as company
auditor.
The remuneration shall be paid to the auditor according to the reasonable
accepted invoice.

Remuneration of the members of the Board of Directors and the Audit Committee

The shareholders approved that EUR 5,400 be paid per month for the Chairman of
the Board of Directors, EUR 4,050 per month for the Vice Chairman and EUR 2,700
per month for the other members of the Board of Directors.

The shareholders approved that EUR 1,050 per meeting be paid for the Chairman of
the Audit Committee and EUR 700 per meeting be paid for the committee members.
If the Chairman of the Audit Committee is also the Vice Chairman or the Chairman
of the Board of Directors, the fee paid to the Chairman of the Audit Committee
is the same as that paid to members of the Audit Committee.

Board members or committee members having a full-time position in an Aspo Group
company are not paid a fee.

Amendment of the Articles of Association

The shareholders decided to amend the company's Articles of Association in
accordance with the Board of Directors' proposal. The new Articles of
Association can be found as an appendix to this release.

Authorization of the Board of Directors to decide on the acquisition of treasury
shares

The Annual Shareholders' Meeting authorized the Board of Directors to decide on
the acquisition of no more than 500,000 of the treasury shares using the
unrestricted equity of the company representing about 1.6% of all the shares in
the company. The authorization includes the right to accept treasury shares as a
pledge.

The shares shall be acquired through public trading, for which reason the shares
are acquired otherwise than in proportion to the share ownership of the
shareholders and the consideration paid for the shares shall be the market price
of the Aspo's share in public trading at Nasdaq Helsinki Ltd at the time of the
acquisition. Shares may also be acquired outside public trading for a price
which at most corresponds to the market price in public trading at the time of
the acquisition.  In connection with the acquisition of the treasury shares,
derivative, share lending, or other agreements that are normal within the
framework of capital markets may take place in accordance with legislative and
regulatory requirements.

The authorization includes the Board's right to resolve on a directed repurchase
or the acceptance of shares as a pledge, if there is a compelling financial
reason for the company to do so as provided for in Chapter 15, section 6 of the
Finnish Limited Liability Companies Act. The shares shall be acquired to be used
for the financing or execution of corporate acquisitions or other transactions,
for execution of the company's share-ownership programs or for other purposes
determined by the Board.

The decision to acquire or redeem treasury shares or to accept them as pledge
shall not be made so that the shares of the company in the possession of, or
held as pledges by the company and its subsidiaries would exceed 10% of all
shares. The authorization is proposed to be valid until the Annual Shareholders'
Meeting in 2018 but not more than 18 months from the approval at the
Shareholders' Meeting.

The Board of Directors shall decide on any other matters related to the
acquisition of treasury shares and/or accepting them as a pledge.

The authorization will supersede the authorization for the acquisition of
treasury shares and/or accepting them as a pledge which was granted to the Board
of Directors by the Annual Shareholders' Meeting on April 7, 2016.


ASPO PLC

Aki Ojanen
CEO

ATTACHMENT:

Articles of Association of Aspo Plc


For further information, please contact:
Aki Ojanen, CEO Aspo Plc, tel. +358 9 5211, +358 400 106 592, aki.ojanen
(a)aspo.com


Aspo is a conglomerate that owns and develops business operations, in addition
to the markets of North-Europe, in growing markets focusing on demanding B-to-B
customers. Our strong company brands - ESL Shipping, Leipurin, Telko and Kauko -
aim to be the market leaders in their sectors. They are responsible for their
own operations, customer relationships and the development of these. Together
they generate Aspo's goodwill. Aspo's Group structure and business operations
are continually developed without any predefined schedules.

DISTRIBUTION:
Nasdaq Helsinki
Key media
www.aspo.com


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Priedai:

Articles of Association 2017.pdf