Home News 2007 Resolutions of Outokumpu Technology Oyj s Annual General Meeting 2007
April 2, 2007 03:17:44 PM CET

Resolutions of Outokumpu Technology Oyj s Annual General Meeting 2007

OUTOKUMPU TECHNOLOGY OYJ    STOCK EXCHANGE RELEASE   APRIL 2, 2007 AT
3.15 PM

Resolutions of Outokumpu Technology Oyj's Annual General Meeting 2007

Outokumpu Technology Oyj's Annual General Meeting was held today,
April 2, 2007, in Espoo, Finland. The Meeting was opened by the
Chairman of the Board of Directors Mr. Risto Virrankoski, and chaired
by Mr. Tomas Lindholm, attorney-at-law.

Financial Statements

The Annual General Meeting approved the parent company's and the
group's Financial Statements, and discharged the members of the Board
of Directors and the CEO from liability for the financial year 2006.

Dividend

The Annual General Meeting decided that a dividend of EUR 0.35 per
share be paid for the financial year ended on December 31, 2006. The
dividend record date is April 5, 2007, and the dividend will be paid
on April 17, 2007.

The Board of Directors and auditors

The Annual General Meeting decided on the number of the Board
members, including Chairman and Vice Chairman, to be five (5). Mr.
Carl-Gustaf Bergström, Mr. Karri Kaitue, Mr. Hannu Linnoinen, Mr.
Anssi Soila and Mr. Risto Virrankoski were re-elected as members of
the Board of Directors for the term expiring at the end of the next
Annual General Meeting.

The Annual General Meeting re-elected Mr. Risto Virrankoski as the
Chairman and Mr. Karri Kaitue as the Vice Chairman of the Board of
Directors.

The Annual General Meeting confirmed the monthly remunerations to the
Board members as follows: Chairman EUR 3,000, Vice Chairman EUR 2,500
and other Board members EUR 2,000, in addition, a meeting
remuneration of EUR 500 per meeting for each Board member.

KPMG Oy Ab, Authorized Public Accountants, was re-elected as the
company's auditor, with Mauri Palvi as Auditor in charge. The fees
for the auditor are paid according to invoice.

Amendment to the Articles of Association and company's business name

The Annual General Meeting approved the amendments to the Articles of
Association, including the change of the company's business name to
Outotec Oyj. The change of business name is envisaged to become
effective on April 24, 2007. Other amendments include the technical
revision of the company's line of business and the election procedure
of the Vice Chairman of the Board, and other amendments of technical
nature.

The Annual General Meeting authorized the Board of Directors to
resolve upon issues of shares as follows:

- The authorization includes the right to issue new shares,
distribute own shares held by the company, and the right to issue
special rights referred to in Chapter 10, Section 1 of the Companies
Act. This authorization to the Board of Directors does not, however,
entitle the Board of Directors to issue share option rights as an
incentive to the personnel.
- The total number of new shares to be issued and own shares held by
the company to be distributed under the authorization may not exceed
4,200,000 shares.
- The Board of Directors is entitled to decide on the terms of theshare issue, such as the grounds for determining the subscription
price of the shares and the final subscription price as well as the
approval of the subscriptions, the allocation of the issued new
shares and the final amount of issued shares.

The authorization shall be in force until the next Annual General
Meeting.

The Annual General Meeting authorized the Board of Directors to
resolve upon the repurchase of the company's own shares as follows:

- The company may repurchase the maximum number of 4,200,000 shares
using free equity and deviating from the shareholders' pre-emptive
rights to the shares, provided that the number of own shares held by
the company will not exceed ten (10) percent of all shares of the
company.
- The shares are to be repurchased in public trading at the Helsinki
Stock Exchange at the price established in the trading at the time of
acquisition.

The authorization shall be in force until the next Annual General
Meeting.

Minutes of the Meeting

The minutes of the Annual General Meeting (in Finnish) will be
available for viewing by the shareholders as of April 16, 2007 at
Outokumpu Technology Oyj's head office.


OUTOKUMPU TECHNOLOGY OYJ

Rita Uotila, Vice President - Investor Relations
tel. +358 20 529 2003, mobile +358 400 954141
e-mail: rita.uotila(at)outokumputechnology.com


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