DECISIONS OF ANNUAL GENERAL MEETING OF S

Tue, Mar 25, 2003 16:30 CET

TECNOMEN CORPORATION                STOCK EXCHANGE RELEASE
                                    25 March 2003 at 5.30 p.m.

DECISIONS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS OF TECNOMEN
CORPORATION

The Annual General Meeting of Shareholders of Tecnomen Corporation
held on 25 March 2003 approved the income statement and balance sheet
for 2002 as well as the consolidated income statement and balance
sheet and discharged the Board of Directors and President from
liability for the 2002 financial year. The Annual General Meeting of
Shareholders decided, in accordance with the Board proposal, not to
pay a dividend for 2002.

The period of office of Tecnomen's current Board of Directors ends in
2004. The Board members are Lauri Ratia, Keijo Olkkola, Lars Hammarén,
Carl-Johan Numelin, Christer Sumelius, Timo Toivila and Hannu Turunen.
Lauri Ratia is Chairman and Keijo Olkkola is Vice Chairman of the
Board. KPMG Wideri Oy Ab, Authorised Public Accountants, will continue
as the company's auditors, with Sixten Nyman, APA, as responsible
auditor, until the end of the following Annual General Meeting of
Shareholders.

Purchasing the company's own shares

The Annual General Meeting of shareholders approved the Board's
proposal on purchasing the company's own shares with the following
terms and conditions:

a) The company may purchase the companys own shares such that,
   including the shares already in the possession of the company, the
   shares purchased shall have a total nominal value that represents at
   most 5 per cent of all the companys current share capital and
   associated rights. The shares are to be purchased out of distributable
   funds and will reduce the company's distributable non-restricted
   equity.
  
b) The shares can be purchased otherwise than in proportion to the
   holdings of the shareholders, in public trading on the Helsinki
   Exchanges. The shares will be purchased at the share price
   prevailing on the Helsinki Exchanges. The purchase price of the
   shares will be paid to the sellers within a payment period
   determined in accordance with the Rules of the Helsinki Exchanges
   and the Rules of the Finnish Central Securities Depository.

c) The company's own shares may be purchased to be used as
   consideration in any acquisitions, in purchasing assets relating
   to the company's business operations or in making other
   arrangements for developing the company's business, in
   consolidating the company's capital structure, to cover the
   social security costs arising from stock options, or as part of
   the company's remuneration or incentive schemes, or otherwise for
   resale issuance or for invalidation in a manner and scope to be
   decided by the Board.

d) The authorisation will be effective for one year from the
   decision of the Annual General Meeting of Shareholders. The
   authorisation to purchase the companys own shares given to the
   Board of Directors at the Annual General Meeting of Shareholders
   on 11 April 2002, was cancelled in so far as the authorisation
   had not been used.

Disposal of the company's own shares

The Annual General Meeting of Shareholders approved the Board's
proposal on disposing of the company's own shares with the following
terms and conditions:

a) The authorisation covers the disposal of all the company's own
   shares already in the possession of the company and acquired
   under the authorisation given to the Board. The authorisation
   includes the right to decide on the parties to whom the companys
   shares are to be disposed and with what priority, the right to
   disapply shareholders' pre-emptive rights of subscription when
   disposing of the shares, and the right to determine the criteria
   for setting the selling price. The shares can also be disposed of
   in public trading on the Helsinki Exchanges.

b) The company's own shares can be disposed of to be used as
   consideration in company acquisitions, in purchasing assets
   relating to the company's business operations or in carrying out
   other arrangements to develop the company's business, in
   consolidating the company's capital structure, to cover the
   social security costs arising from stock options, or as part of
   the company's remuneration or incentive schemes, or otherwise for
   resale issuance or for invalidation in a manner and scope to be
   decided by the Board. The authorisation does not include the
   right to dispose of shares to the company's insiders.

c) The authorisation will be effective for one year from the
   decision of the Annual General Meeting of Shareholders. The
   authorisation to dispose of the companys own shares given to the
   Board of Directors at the Annual General Meeting of Shareholders
   on 11 April 2002, was cancelled.

Raising the company's share capital by issuing new shares and/or
convertible bonds and/or stock options

The Annual General Meeting of Shareholders approved the Board's
proposal on increasing the company's share capital by issuing new
shares and/or convertible bonds and/or stock options with the
following terms and conditions:

a) The share capital may be increased by issuing new shares, and/or
   convertible bonds and/or stock options in one or more issues. The
   number of new shares through share issuance or subscription of
   shares in exchange for the convertible bonds or pursuant to the
   stock options may be at most 7,518,515 shares, and the company's
   share capital may rise by at most a total of EUR 610,481.20.

b) The authorisation includes the right to disapply the
   shareholders' pre-emptive rights - as stated in Chapter 4,
   Section 2 of the Companies Act - to subscribe to new shares,
   convertible bonds and/or stock options, and the right to
   determine the criteria for setting the subscription price and to
   set the subscription price, to determine the terms for
   subscription of new shares and the terms of convertible bonds
   and/or share options. The subscription price may not be less than
   the nominal value of the share.

c) The pre-emptive rights of existing shareholders may be disapplied
   if it is justified by some weighty financial consideration from
   the companys perspective, such as to carry out company
   acquisitions or other arrangements to develop the company's
   business operations, to finance investments, to reinforce the
   company's capital structure, to cover the social security costs
   arising from share options, or to create a remuneration or
   incentive scheme for the company.

d) The Board may decide on those who are entitled to subscribe the
   new shares, but the decision must not be made so that it benefits
   the company's insiders. In addition, the Board may decide that
   subscription to an issue of new shares, convertible bonds or
   share options may be in kind, may use the right of set-off or may
   be on other specific conditions.

e) The authorisation will be effective for one year from the
   decision of the Annual General Meeting of Shareholders. The
   authorisation to increase the company's share capital by issuing
   new shares and/or convertible bonds and/or stock options given to
   the Board of Directors at the Annual General Meeting of
   Shareholders on 11 April 2002, was cancelled.


TECNOMEN CORPORATION


Vesa Helkkula
President and CEO


FURTHER INFORMATION
Kristiina Hoppu, Leading Legal Counsel, tel. +358 9 804 781

DISTRIBUTION
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Main media

DECISIONS OF ANNUAL GENERAL MEETING OF S

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