TietoEnator Corporation's Annual General Meeting

TietoEnator Corporation Stock Exchange Release 17 March 2005

TietoEnator Corporation's Annual General Meeting held on 17 March 2005 approved the financial statements for 2004 and discharged the company's officers from liability for the financial year. The meeting approved a dividend of 1.00 euro per share. The dividend settlement date is 22 March 2005 and the dividend will be paid on 7 April 2005.

The agenda of the meeting was published in a stock exchange release dated 11 February 2005 (Proposal of the Board of Directors of TietoEnator Corporation to the Annual General Meeting on 17 March 2005).

The AGM made the following decisions:

The AGM confirmed that the Board of Directors should have seven members. The following previous Board members were re-elected: Bengt Halse, Kalevi Kontinen, Matti Lehti, Olli Martikainen, Olli Riikkala and Anders Ullberg. Mariana Burenstam Linder MSc (Econ.) (47) was elected as a new member. Mariana Burenstam Linder is the President of Ainax AB and an independent financial advisor with Burenstam & Partners.

In addition to the above, the company's personnel will elect two representatives, each with a personal deputy, to the Board of Directors. The personnel representatives on the Board are Elisabeth Eriksson (deputy Bo Persson) and Pirjo Salo (deputy Esa Koskinen).

At its constitutive meeting after the AGM, the Board of Directors elected Kalevi Kontinen as its chairman and Anders Ullberg as its vice chairman. The Board also appointed a Compensation and Nomination Committee, comprising Kalevi Kontinen (chairman) and Bengt Halse, and an Audit and Risk Committee, comprising Anders Ullberg (chairman), Olli Martikainen and Olli Riikkala.

The AGM approved the monthly remuneration to be paid to the Board of Directors: 1,900 euros to its members, 2,900 euros to the vice chairman and 4,000 euros to the chairman. In addition to this remuneration the AGM approved a monthly payment of 1,700 euros to the chairman of each Board committee provided that he or she is not the chairman or the vice chairman of the Board, and a monthly payment of 700 euros to the members of the Board's committees. It is the company's practice that TietoEnator executives and employees are not entitled to compensation for attending Board meetings.

Tomi Englund APA and the firm of authorized public accountants Ernst & Young continue as the company's auditors. Their personal deputies are Erkka Talvinko APA and Jan Rönnberg APA respectively.

The AGM decided to reduce the share capital by nullifying all the company's own shares acquired under the authorization granted to the Board of Directors by the AGM on 18 March 2004. The share capital will be reduced by an amount corresponding to the book counter- value of 4,144,322 shares, i.e. by EUR 4,144,322. The amount corresponding to the reduction in share capital will be transferred from the share capital to the share premium fund. Hence, the reduction of share capital will have no effect on shareholders' equity or on the bond warrants and their rights issued by the company.

The Board was authorized to purchase the company's own shares to the extent that the total book counter-value of the purchased shares, or the total number of votes carried by the shares after their purchase, does not exceed 10 % of the company's share capital or total number of votes. The company has altogether 78,742,122 shares. Should all the rights to the shares be exercised, the total number of shares may increase to at most 85,553,807. This means that at most 8,555,380 shares may be purchased under the authorization. The shares will be purchased on the Helsinki Stock Exchange at the market price formed during public trading. The authorization is in force for one year from the close of the Annual General Meeting, i.e. until 17 March 2006.

The Board of Directors was authorized to decide to raise the share capital through a rights issue, by issuing option rights and by raising convertible bond loans denominated in euros or another currency for one year from the close of the Annual General Meeting, i.e. until 17 March 2006. Based on this authorization the share capital may be increased by at most EUR 15,748,424. Shareholders' pre-emptive subscription rights will be disapplied with the purpose of safeguarding the company's ability to develop its operations, both in the domestic and in the international markets, in order to enable and to finance both the acquisition of companies and business operations and also other co-operative arrangements.
The decisions of the AGM were not put to the vote.

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