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BOARD RECONSIDERS PROPOSALS TO LÄNNEN TE

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LÄNNEN TEHTAAT PLC  Stock exchange release  March 11, 2003 at 16;15 pm


BOARD RECONSIDERS PROPOSALS TO LÄNNEN TEHTAAT ANNUAL GENERAL MEETING

The Lännen Tehtaat plc Board of Directors has in its meeting today
discussed matters on the agenda of the annual general meeting and
decided to propose to the AGM, which is to convene on April 3, 2003,
that the Board be authorized to surrender the company’s own shares.
The Board has decided not to request authorization to raise share
capital.

I  DIVIDEND

The Board of Directors proposes to the Annual General Meeting that a
dividend of EUR 0.30 per share be paid for the financial year 2002.


II 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 13, 2000.

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 Helsinki Exchanges.

4.   Shares will be surrendered at their current value at the time of
surrender, determined in public trading on Helsinki Exchanges. 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

Erkki Lepistö
President & CEO


More details: Erkki Lepistö, President & CEO, tel. +358 2 8397 4001

Distribution:
Helsinki Exchanges
Main media
www.lannen.fi

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