DECISIONS BY THE ANNUAL GENERAL MEETING
Done Solutions Corporation Stock Exchange Release, March 21, 2003, at 1:15 pm
DECISIONS BY THE ANNUAL GENERAL MEETING Done Solutions Corporations (Done) Annual General Meeting (AGM) on March 21, 2003 made the following decisions: 1. Financial statements, Board of Directors and auditors The AGM adopted the financial statements and discharged the members of the Board of Directors and the President and CEO from liability for the financial period of January 1December 31, 2002. The AGM approved the proposal by the Board of Directors for the allocation of losses of EUR 8,164,648.34 for the financial period to be entered in retained loss, and no dividend for the financial period shall be distributed. Retained loss will be covered using profit-distribution and redemption fund in the unrestricted capital and issue premium fund. Jaakko Asanti, Jyri Merivirta, Pekka Pystynen and, as a new member, M.Sc. Tapio Sarpola were appointed as members of Dones Board of Directors. Tapio Sarpola has been working in managerial positions at companies specializing in information systems for manufacturing industries. From 1994 until 2000, he worked for Liinos Plc (current Visma Software Corporation) as Business Director and Board member. Currently, he chairs the Board of his family-owned investment company and two IT growth companies. Based on the AGM's decision, the remuneration payable to the company's auditors will be based on an invoice submitted by them to the company. The AGM also decided that, after putting the decision to the vote, the Board emoluments would remain unchanged. Deloitte & Touche Oy, Authorized Public Accountants, was elected as Dones auditor, with Eero Lumme, Authorized Public Accountant, acting as the regular auditor. Jonathan Bäck, Authorized Public Accountant, was elected as deputy auditor. 2.Share-issue authorization The AGM decided to cancel the share issue authorization given by the Annual General Meeting on May 13, 2002 to the extent not yet been exercised, and to authorize the Board of Directors to decide, within one year following the AGM, to issue convertible bonds and/or stock options, and increase share capital through one or more issues in such a way that the votes entitled by shares to be issued correspond to a maximum of one-fifth of the votes of the shares registered with the Trade Register on the date of the AGMs decision on Board authorization and that the total share capital increase accounts for a maximum of one-fifth of the share capital registered with the Trade Register on the date of the AGMs decision on Board authorization. By virtue of the authorization, the Board of Directors has the right to deviate from the shareholders pre-emptive right to subscribe for new shares, convertible bonds or stock options, and decide on the subscription price, which must not be less than a shares counter book value, and other subscription terms and the terms governing convertible bonds and stock options. It is possible to deviate from the pre-emptive right, provided that the Company has a cogent reason for the departure from the said right, such as financing corporate acquisitions and development projects necessary for the Companys business, strengthening financial structure, enabling business cooperation in various forms, expanding shareholder base, incentivizing personnel or other business development. The Board of Directors must not deviate from the pre-emptive right in favor of anyone belonging to the Companys immediate circle. Whenever the Company increases its share capital through a rights issue, the Board of Directors has the right to decide that shares be subscribed against contribution in kind or by other means on certain conditions or by exercising the right of setoff. Done Solutions Corporation Kari Åkman President and CEO For further information, please contact: Kari Åkman, President and CEO, tel. +358 205 253427, gsm +358 40 586 5927, kari.akman@donesolutions.com http://www.donesolutions.com Distribution: Helsinki Exchanges Major media