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Pihlajalinna Oyj : THE BOARD OF DIRECTORS OF PIHLAJALINNA OYJ CALLS FOR EXTRAORDINARY GENERAL MEETING TO DECIDE ON AUTHORIZATION TO ISSUE SHARES

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Pihlajalinna Oyj    Stock Exchange release  20.11.2015, 17.30

THE BOARD OF DIRECTORS OF PIHLAJALINNA OYJ CALLS FOR EXTRAORDINARY GENERAL MEETING TO DECIDE ON AUTHORIZATION TO ISSUE SHARES

As stated in the Pihlajalinna Oyj's interim financial report for the period of 1 January 2015 - 30 September 2015, following the company's strategy, the company is continuously investigating opportunities to expand its operations, including expansions through mergers and acquisitions.

The company's Board of Directors does not currently have valid authorization to issue company's shares to be used, as for example, to finance mergers and acquisitions and in the financing of other investments following the company's strategy.

The Board of Directors of Pihlajalinna Oyj has decided to call for an Extraordinary General Meeting. The Board of Directors proposes to the Extraordinary General Meeting that the board be authorized to decide on issuance of shares, share options, and other special rights entitling to shares referred to in the Chapter 10, Section 1 of the Finnish Companies Act with one or several decisions. The number of new shares issued pursuant to the authorization would not exceed 2 600 000 shares. The Board of Directors proposes the authorization to be used as decided by the Board of Directors, as for example, to strengthen the company's balance sheet and financial position in connection with investment and expansion projects, such as mergers and acquisitions, as per the company's strategy.

The Extraordinary General Meeting is held in Tampere, where the company is registered, on Monday 14 December 2015 commencing at 12.00. A notice to the extraordinary general meeting to decide on the authorization for the Board of Directors will be published later today. The detailed information regarding the Extraordinary General Meeting and the proposals by the Board of Directors can be found from the notice, which can be found from the Pihlajalinna Oyj's website in the investor section at www.pihlajalinna-konserni.fi on 23 November 2015 at the latest.

Sender

Terhi Kivinen, Director, Communications, Marketing and Investor Relations, Pihlajalinna Oyj, puh. +358 40 848 4001, terhi.kivinen@pihlajalinna.fi

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