Proposal by Board of Directors to authorize Board of Directors to resolve to repurchase Company’s shares and accept them as pledge

The Board of Directors proposes that the Annual General Meeting authorize the Board of Directors to purchase the Company's own B shares and accept them as pledge. It is proposed that the authorization would amount to the maximum of 8,000,000 B shares in the Company, provided however, that the treasury shares in the possession of, or held as pledges by, the Company and its subsidiaries shall not exceed one tenth of all shares.  

The shares may be repurchased in order to finance or carry out acquisitions or other business transactions, in order to develop the Company’s capital structure, to improve the liquidity of the Company’s shares, to be disposed for other purposes, or to be cancelled. The shares may be accepted as pledge in order to finance or carry out acquisitions or other business transactions.  

The repurchase of shares will be carried out by using the Company’s unrestricted shareholders equity, whereby the purchases will reduce funds available for the distribution of profits.  

The repurchases will be carried out through public trading on the OMX Nordic Exchange Helsinki, whereby the shares will be purchased in another proportion than according to the holdings of the shareholders and in accordance with the rules and regulations of the OMX Nordic Exchange Helsinki and the Finnish Central Securities Depository. The repurchase price must be based on the market price of the Company’s shares in public trading.  

It is proposed that the authorization shall be in force until 30 June 2009.