BIOTIE THERAPIES CORP. STOCK EXCHANGE RELEASE March 26, 2008 Addition to the Proposal to the Biotie Therapies Corp. Annual General Meeting convening on March 28, 2008 Biotie Therapies Corp. has received an amended proposal from shareholders representing approximately 55% of shares and votes of the Company for the composition of the Board of Directors to be appointed at the Annual General Meeting to be held on 28 March 2008. According to the proposal, the Board of Directors would comprise of five members and that the current members (Mr. Juha Jouhki, Mr. Pauli Marttila, Mr. Riku Rautsola and Mr. Piet Serrure) would be re-appointed. In addition, Mr. Krish Krishnan would be appointed as a Board member. Mr. Krishnan has given his consent to his election. Mr. Krishnan received a B.S. in Mechanical Engineering from the Indian Institute of Technology (IIT), a M.S. in Engineering from the University of Toledo, and an M.B.A. from The Wharton School at the University of Pennsylvania. Between March 2002 and February 2008, Mr. Krishnan served as a Senior Managing Director of Third Security, LLC., a venture capital and private equity firm. Concurrently, Mr. Krishnan served as a member of the Board of Directors of New River Pharmaceuticals Inc. (NASDAQ:NRPH) between March 2003 and April 2007 and as its Chief Financial Officer and Chief Operating Officer between April 2004 and April 2007. He served as President and CEO of Harvest Pharmaceuticals Inc. between February 2003 and April 2004. Previously, Mr. Krishnan was involved with a start-up venture which was sold to Ariba Technologies Inc., in August 2000. He then served as a managing principal of Ariba, until joining Third Security, LLC in March 2002. Mr. Krishnan was also a senior manager with A.T. Kearney, Inc.; a consultant with KPMG Peat Marwick; and an engineer with E.I. Dupont de Nemours. March 26, 2008 Biotie Therapies Corp. The Board of Directors For further information, please contact: Timo Veromaa, President and CEO, Biotie Therapies Corp. tel. +358 2 274 8901, e-mail: timo.veromaa@biotie.com www.biotie.com Distribution: OMX Nordic Exchange Helsinki Main Media
Addition to the Proposal to the Biotie Therapies Corp. Annual General Meeting convening on March 28, 2008
| Source: Biotie Therapies