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BOARD PROPOSALS TO LÄNNEN TEHTAAT ANNUAL GENERAL MEETING

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LÄNNEN TEHTAAT PLC     Stock Exchange Release   February 23, 2006 9;00 a.m.


BOARD PROPOSALS TO LÄNNEN TEHTAAT ANNUAL GENERAL MEETING

I DIVIDEND

The Board of Directors proposes to the Annual General Meeting that a dividend of
EUR 0.73 per share be paid for the financial year 2005.


II AUTHORIZATION TO INCREASE SHARE CAPITAL

The Board of Directors proposes to the Annual General Meeting that the Company's
Board of Directors be authorized, in derogation from the shareholders' pre-
emptive right to subscribe, to decide on increasing the share capital by one or
more new issues and/or taking out a convertible loan in one or more tranches on
the following conditions:

1. The new issue and/or new issue based on the convertible loan will allow the
share capital to be increased by a maximum of EUR 1,263,514 or an amount smaller
than this, which corresponds, taking into account existing unused authorizations,
to no more than one tenth of the company's share capital registered at the time
of the AGM authorization decision and the Board of Directors' decision to make
the increase, and of the combined voting rights of the shares so that a maximum
of 631,757 shares will be put up for subscription at a nominal value of EUR 2 per
share.

2. The authorization covers the right in targeted issues to disregard the
shareholders' pre-emptive right to subscribe new shares and/or convertible loans
on condition that the company has a pressing financial reason to do so, and the
right to decide on the new issue so that the shares can be subscribed against
property given as a subscription in kind or otherwise under certain conditions or
by using the right of set-off.

The authorization can be used, for example, for implementing a corporate
acquisition, some other development of the company's business operations,
broadening the ownership base or strengthening the capital structure or for
similar purposes.

3. The authorization also covers the right to decide on those who are entitled to
subscribe, the subscription prices and terms and conditions, the terms and
conditions of the convertible loan and other terms and conditions and matters
associated with the new issue and/or taking out the convertible loan. The Board
of Directors is not permitted to make a decision about derogating from the pre-
emptive right to subscribe if this would be for the benefit of a person belonging
to the inner circle of the Company.

4. The authorization is valid for one year from the decision of the AGM.


III AUTHORIZATION FOR SURRENDER OF OWN SHARES

The Board of Directors will propose to the Annual General Meeting that the Board
be authorized to surrender the company's own shares in derogation from the
shareholders' prior subscription right.

1. The authorization concerns the 65,000 company shares acquired for the company
under authorization of the AGM on April 5, 2001.

2. The Board of Directors will be authorized to decide to whom and in what order
company shares will be surrendered. The shares can be surrendered in one or more
lots. The Board can decide on surrender of its own shares otherwise than in the
pre-emptive right of shareholders to acquire company's own shares.

3. The shares can be surrendered in one or more lots as decided by the Board in
connection with corporate transactions or other arrangements, or for some other
similar purpose that the Board considers practicable.

The shares can also be sold in public trading on the Helsinki Stock Exchange.

4. Shares will be surrendered at their current value at the time of surrender,
determined in public trading on the Helsinki Stock Exchange. They can also be
surrendered against other than monetary consideration.

5. The authorization is valid for one year from the AGM decision.

Justification for divergence from right of pre-emption;

When shares are surrendered, the Board can decide to diverge from the
shareholders' right of pre-emption within the limits laid down in the Companies
Act if there is some weighty financial reason for so doing on the company's part.
The shares can also be surrendered through public trading, when all would have an
equal right to purchase them.


LÄNNEN TEHTAAT PLC
Board of Directors


More details: Matti Karppinen, CEO, tel. +358 10 402 00

Distribution:
Helsinki Stock Exchange
Main media
www.lannen.fi

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