STROMSDAL CORPORATION STOCK EXCHANGE RELEASE 1 August 2007 at 9:45 hrs (Finnish time) SUMMONS TO THE GENERAL MEETING OF STROMSDAL CORPORATION The shareholders of Stromsdal Corporation are summoned to an extraordinary General Meeting of Shareholders (EGM) to be held on Tuesday 21 August 2006 starting at 13:00 hrs (Finnish time) at Stromsdal Corporation's conference room in Villa Patruunanmäki, Puutarhatie 3, 73500 Juankoski, Finland. The following matters will be addressed at the meeting: 1. Directed share issue The Board of Directors proposes that the general meeting offers for subscription total of 11.222.221 new shares in deviation of the shareholders' pre-emptive subscription right. The shares are offered for subscription to Atine Group Oy, Baltiska Handels AB and the managing director of the company Mr. Mikael Åbacka as follows: Atine Group Oy 7.407.406 shares, Baltiska Handels AB 3.703.704 shares and Mikael Åbacka 111.111 shares. The subscription price of each new share is EUR 0.45. The shares must be subscribed by 28 August 2007, unless the board extends the subscription period. The subscription right of the shares may not be transferred. If the shares are not subscribed in full, the shareholders or any third parties do not have secondary subscription right. The shares must be paid according to instructions of the board at the time of subscription shares, unless the board extends the payment period. The total subscription price of EUR 5,049,999.45 is recorded entirely to the fund of invested non-restricted equity. Atine Group Oy and Baltiska Handels AB are entitled to pay the subscription price by setting of receivables from the company, total of EUR 2.000.000. The subscription price is based on the development of the share price of the company and on the negotiations conducted with the investors. The purpose of the directed issue is to strengthen the financial- and capital structure of the Company and to secure operations of the company. There are therefore weighty economic reasons for the company to deviate from the shareholders' subscription privilege. The company will prepare a separate prospectus regarding the listing of the shares. 2. Election of the board The major shareholders of the company shall propose to the EGM an election of additional member to the board of directors. The proposed new member is managing director Alexander Ehrnrooth. Documents The proposal of the Board of Directors and other documentation required by the Finnish Companies Act are available at the Company's head office, address Juankoskentie 7, 73500 Juankoski as of 7 August 2007 and copies thereof will be sent to the shareholders upon their request. Participation and registration A shareholder, who is registered as a shareholder into the Company's shareholders' register as maintained by the Finnish Central Securities Depository Ltd on 10 August 2007 at the latest, is entitled to participate in the EGM. A Shareholder who owns shares through custodial nominee account may be registered temporarily in the shareholders' register on 10 August 2007 for the participation in the EGM. A request for temporary registration shall be made to the administrator of the custodial nominee account. A Shareholder who wishes to participate in the EGM is requested to inform of his/her participation to the Company on 14 August 2007 at 16:00 hrs (Finnish time) at the latest either in writing by mail to Stromsdal Corporation, P.O.Box 33, 73501 Juankoski, by facsimile +358 (0)17 6886 466 or by e-mail tuija.lepisto@stromsdal.fi or by phone +358 (0)17 688 641 / Tuija Lepistö. A written registration letter or message must arrive before the registration period expires. Possible proxies are requested to be delivered to the above mentioned address by the end of the registration period. Juankoski, 31 July 2007 STROMSDAL CORPORATION Board of Directors Additional information: Mikael Åbacka, Managing Director Puh. +358 400 737 452 mikael.abacka@stromsdal.fi Distribution Helsinki Exchanges Main media www.stromsdal.com
SUMMONS TO THE GENERAL MEETING OF STROMSDAL CORPORATION
| Source: Stromsdal