TIIMARI PLC STOCK EXCHANGE RELEASE 30 MARCH 2010 at 16.30 DECISIONS OF THE TIIMARI PLC ANNUAL GENERAL MEETING AND THE BOARD'S ORGANISING MEETING HELD 30TH MARCH 2010 The Annual General Meeting of Tiimari Plc held today approved the financial statements for 2009 and discharged the members of the Board and the Managing Director from liability. The Meeting decided in accordance to the proposal by the Board, that the period loss of -12.565.636,92 is to be booked as retained earnings and that no divided is distributed. The board was decided to include six members. Hannu Ryöppönen, Sven-Olof Kulldorff, Juha Mikkonen, Markku Pelkonen, Alexander Rosenlew were elected as board members and Managing Director Sissi Silvàn was elected as a new member of the Board. The board compensation was decided as follows. - Chairman of the Board EUR 2.400 per month - Vice Chairman EUR 1.800 per month - Other board members EUR 1.200 month - Other compensation for board committee meetings EUR 100 per meeting Travel and lodging expenses were decided to be compensated according to the Company's expense compensation policy. KPMG Ltd. was elected to continue as Group Auditor, which named Sixten Nyman APA as auditor with main responsibility. The auditor fees were decided to be paid according to a reasonable invoice by the auditor. The Meeting authorised the Board to decide on the repurchase of a maximum of 500.000 own shares. The shares can be obtained by using the unrestricted equity in derogation to the pre-emptive rights of the shareholders in public trading organised by NASDAQ OMX Helsinki Ltd. at market price. Shares can be obtained in order to develop the Company's capital structure, to be used in company acquisitions or other business development related arrangements, finance investments, to be used for execution of commitment and incentive programs for the personnel or otherwise to be kept by the Company, redistributed or annulled in a way and extent decided by the Board. The Meeting decided in accordance to the proposal by the Board to change the 9th paragraph of the Articles of Association to comply with the requirements related to the announcement timetable of the notice to the general meeting in the Finnish Companies Act. The notice to the general meeting must be announced at least three weeks before the Meeting and nine days before the record date of the Meeting. The Board elected Mr. Hannu Ryöppönen as its chairman and Mr. Juha Mikkonen as vice chairman in its organising meeting held after the general meeting. Mr. Hannu Ryöppönen was elected chairman of the nomination and compensation committee and Mr. Alexander Rosenlew and Mr. Juha Mikkonen as members. Mr. Juha Mikkonen was elected chairman of the audit committee and Mr. Hannu Ryöppönen and Mrs. Sissi Silvàn as members. Helsinki 30 October 2010 TIIMARI PLC Further information: CEO Hannu Krook tel. + 358 (0)3 812911, e-mail: hannu.krook@tiimari.fi Tiimari Plc is a listed company. The group consists of two retail shop concepts: Tiimari and Gallerix. These two concepts do business in five countries within the Baltic Sea region and there are altogether nearly 300 shops. Both concepts belong to the forerunners of their market segment.
Decisions of the Tiimari Plc AGM and the board's organising meeting held 30th March 2010
| Source: Tiimari Oyj Abp