Extraordinary General Meeting 2011

The Extraordinary General Meeting of Lassila & Tikanoja plc, which was held on 8 September 2011, resolved on the decrease of share premium fund.

Decrease of the share premium fund

The Extraordinary General Meeting resolved on that the share premium fund of the balance sheet at 31 December 2010 be decreased by EUR 50,672,564.52 by transferring all the funds in the share premium fund to the unrestricted equity fund.

According to the Finnish Companies Act effective until 31 August 2006 the share premium fund belongs to restricted equity. The Companies Act currently effective no longer recognises the concept of share premium fund. However, according to the transition provisions, the share premium fund can be decreased in compliance with what has been regulated for in the decrease of the share capital.

The decrease of the fund will enhance the flexibility of the capital structure and increase the distributable equity.