Pihlajalinna Oyj

Share Issue/Capital Change • Dec 14, 2015

Disclosure 328930

Pihlajalinna Oyj - Decisions of extraordinary general meeting

Resolutions of Pihlajalinna Oyj's Extraordinary General Meeting

PIHLAJALINNA OYJ Stock Exchange Release 14 December 2015 at 12.45 p.m. (EET) Resolutions of Pihlajalinna Oyj's Extraordinary General Meeting Pihlajalinna Oyj's Extraordinary General Meeting took place in Tampere, Finland, today. The General Meeting authorized the Board of Directors to decide on the issuance of shares, share options, and other special rights entitling to shares referred to in Chapter 10, Section 1 of the Finnish Companies Act by virtue of one or several decisions in accordance with the proposal by the Board of Directors as follows: Shares issued on the basis of the authorization are new shares of the company and their number shall not exceed 2,600,000 shares, which corresponds to approximately 13.6 percent of all the current shares in the company. Shares and special rights entitling to shares can be issued in one or several batches. The Board of Directors decides on all terms and conditions of the issuance of shares and special rights entitling to shares. The authorization includes a right to deviate from the shareholders pre-emptive right to subscription (directed issue), if there is a weighty financial reason for the company to deviate from the pre-emptive right to subscription, as provided in the Finnish Companies Act. The authorization may be used for any purpose determined by the Board of Directors, for example to strengthen the company's balance sheet and financial position in connection with investments and expansion, such as mergers and acquisitions, in accordance with the company's strategy. The authorization will not cancel prior authorizations and it is valid for a period of five (5) years from the General Meeting resolution. Tampere, 14 December 2015 PIHLAJALINNA OYJ The Board of Directors Sender: Terhi Kivinen, SVP, Communications, Marketing and IR, Pihlajalinna Oyj, +358 40 8484001, terhi.kivinen@pihlajalinna.fi Distribution Nasdaq OMX Helsinki Key media investors.pihlajalinna-konserni.fi