Tecnomen Corporation STOCK EXCHANGE RELESE 14 March 2007 RESOLUTIONS PASSED BY THE ANNUAL GENERAL MEETING OF TECNOMEN CORPORATION The Annual General Meeting of Tecnomen Corporation held on 14 March 2007 confirmed the financial statement and the consolidated financial statements for 2006 and discharged the Board of Directors and the President from liability for the financial year 2006. The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, that no dividend shall be paid for 2006. The Annual General Meeting confirmed that the Board of Directors will consist of six members. Lauri Ratia, Carl-Johan Numelin, Christer Sumelius, Keijo Olkkola and Timo Toivila were re-elected as Board members. Johan Hammarén was elected as a new Board member. The Board members were elected for a period of office expiring at the end of the first Annual General Meeting following the election. The Annual General Meeting resolved that the annual remunerations to the members of the Board of Directors be 42,000 euros for the Chairman and 17,000 euros for a member. In addition it was decided a compensation of 800 euros for the Chairman and 500 euros for a member of the Board of Directors be paid for attendance at Board and Committee meetings. KPMG Wideri Oy Ab, Authorised Public Accountants, will continue as the Company's auditor, with Sixten Nyman, APA, as principal auditor, until the end of the following Annual General Meeting. Amending the Articles of Association The Annual General Meeting resolved on the amendments of the Articles of Association proposed by the Board of Directors as follows: a) Article 3 regarding the minimum and maximum share capital and the nomination value shall bedeleted. b) Provisions regarding the record date determination in Article 4 shall be deleted. c) Article 5, section 2 shall be amended so that the Board members' term of office expires at the end of the Annual General Meeting that follows the meeting at which they are elected. d) Article 5, section 3 regarding the age limit for the election of Board members shall bedeleted. e) The first sentence in Article 5, section 4 shall be amended so that the Board of Directors will appoint a Chairman and a Vice Chairman from its midst until the end of the following Annual General Meeting. f) Article 7 shall be amended so that instead of signing for the company the term “representing the company” shall be used in accordance with the new Finnish Companies Act. g) Article 12 shall be amended so that the invitation to the Annual General Meeting shall be published no later than seventeen (17) days prior to the meeting. h) Article 14, section 1, item 1 shall be amended so that at the Annual General Meeting the annual accounts, which include the consolidated annual accounts, andthe Board of Director's report shall be presented; and items 3 and 4 so that at the Annual General Meeting the confirmation of the annual accounts and the use of the profit shown in the balance sheet shall be decided on. Distribution of funds from the unrestricted equity fund The Annual General Meeting resolved, in accordance with the Board's proposal, on the distribution of funds from the unrestricted equity fund in a way that EUR 0.10 per share is distributed to the Company's shareholders in proportion to their current shareholdings. Funds shall be paid to a shareholder who is registered in the register of shareholders maintained by the Finnish Central Securities Depository Ltd on the record date 19 March 2007. The funds are paid on 26 March 2007. In connection with the above distribution of funds, the subscription prices of the shares to be subscribed by virtue of the option rights based on the 2002 and 2006 Option Schemes were decided to be reduced by EUR 0.10 as of the record date of the fund distribution. Authorisation to acquire the Company's own shares The Annual General Meeting authorised the Board of Directors to decide on the acquisition of a maximum of 5,800,000 of the Company's own shares. Own shares shall be acquired with unrestricted shareholders' equity otherwise than in proportion to the holdings of the shareholders through public trading of the securities on the Helsinki Stock Exchange at the market price of the shares in public trading at the time of the acquisition. Own shares can be acquired for the purpose of developing the capital structure of the Company, carrying out corporate acquisitions or other business arrangements to develop the business of the Company, financing capital expenditure, to be used as part of the Company's incentive schemes, or to be otherwise retained in the possession of the Company, disposed of or nullified in the extent and manner decided by the Board of Directors. The Board of Directors will decide on other terms of the share acquisition. The authorisation shall replace the authorisation given by the Annual General Meeting on 15 March 2006 and will be valid for one year from the decision of the Annual General Meeting. Authorisation to issue shares and to grant special rights entitling to shares The Annual General Meeting authorised the Board of Directors to decide to issue and/or to convey a maximum of 17,800,000 new shares and/or the Company's own shares either against payment or for free. New shares may be issued and the Company's own shares may be conveyed to the Company's shareholders in proportion to their current shareholdings in the Company or waiving the shareholder's pre-emption right, through a directed share issue if the Company has a weighty financial reason to do so, such as the development of the capital structure of the Company, carrying out corporate acquisitions or other business arrangements to develop the business of the Company, financing capital expenditure or using the shares as part of the Company's incentive schemes in the extent and manner decided by the Board of Directors. The Board of Directors may also decide on a free share issue to the Company itself. The number of shares to be issued to the Company together with the shares repurchased to the Company on the basis of the repurchase authorisation shall be a maximum of one tenth (1/10) of all the Company's shares. The Board of Directors is authorized to grant the special rights referred to in Chapter 10, Section 1 of the Companies Act, which carry the right to receive, against payment, new shares of the Company or the Company's own shares held by the Company in such a manner that the subscription price of the shares is paid in cash or by using the subscriber's receivable to set off the subscription price. The subscription price of the new shares and the consideration payable for the Company's own shares may be recorded partially or fully in the invested non-restricted equity fund or in the share capital in the extent and manner decided by the Board of Directors. The Board of Directors shall decide on other terms and conditions related to the share issues and granting of the special rights. The said authorisations shall replace the authorisations given by the Annual General Meeting on 15 March 2006 and will be valid for two years from the decision of the Annual General Meeting. Subscription price relating to the Stock Option Schemes According to the resolution made by the Annual General Meeting the subscription prices of the shares based on the 2002 and 2006 Option Schemes may be recorded partially or fully in the invested non-restricted equity fund or in the share capital. Chairman of the Board of Directors and Board Committees In assembly meeting of the Board of Directors following the Annual General Meeting Lauri Ratia was re-elected as Chairman and Carl-Johan Numelin as Vice- Chairman of the Board of Directors. Lauri Ratia continues as Chairman of the Audit Committee and Carl-Johan Numelin as member. Lauri Ratia continues as Chairman of the Compensation Committee, Carl-Johan Numelin and Christer Sumelius as members as well as Hannu Turunen as an external member. Espoo, 14 March 2007 TECNOMEN CORPORATION Board of Directors FURTHER INFORMATION Mr Lauri Ratia, Chairman of the Board, tel. +358 50 2922 Mr Jarmo Niemi, President and CEO, tel. +358 9 8047 8799 DISTRIBUTION Helsinki Exchanges Main media