ORGANISATION OF THE SUPERVISORY BOARD AND ELECTION OF THE BOARD OF DIRECTORS

The Supervisory Board of Lännen Tehtaat plc today elected Timo Miettinen as Chairman of the Supervisory Board and Marja-Liisa Mikola-Luoto as Deputy Chairman of the Supervisory Board.

It was decided to elect 6 members to the Board of Directors. Aappo Kontu, Matti Lappalainen, Veijo Meriläinen, Samu Pere, Jorma J. Takanen and Helena Walldén were elected as members of the Board. Matti Lappalainen was elected as Chairman of the Board and Aappo Kontu as Deputy Chairman of the Board.

It was decided that the monthly fee paid to the members of the Board is EUR 1,550, the monthly fee paid to the Deputy Chairman is EUR 1,915 and the monthly fee paid to the Chairman of the Board is EUR 3,100. In addition, a meeting fee of EUR 510 is paid to the Chairman and EUR 255 to the members of the Board.

LÄNNEN TEHTAAT PLC

Matti Karppinen
CEO

Further information:
Matti Karppinen, CEO, tel. +358 10 402 00

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