Annual General Meeting 2008

Raute Corporation's Annual General Meeting 2008


Raute Corporation's Annual General Meeting confirmed on 2 April 2008 the
Financial Statements for 2007 and discharged those responsible from
liability.

The Annual General Meeting decided according to the proposal of the Board of Directors to distribute the dividend for 2007 EUR 1.00 per share be paid for A and K shares, with the payment date April 14, 2008. The record date is April 7, 2008.

The Annual General Meeting elected the company's Board of Directors for the next term of office ending at the Annual General Meeting in 2009. Raute Corporation̵;s Board of Directors consists of following persons: Mr. Jarmo Rytilahti, M.Sc.(Econ.), Chairman of the Board, Ms. Sinikka Mustakallio, Researcher, Vice-Chairman, and Board members: Mr. Ilpo Helander, M.Sc. (Eng.), Mr. Mika Mustakallio, M.Sc. (Econ.) Mr. Panu Mustakallio, M.Sc.(Eng), and Mr. Jorma Wiitakorpi, M.Sc.(Eng).

Ms. Anna-Maija Simola (Authorized Public Accountant) and Mr. Antti Unkuri (Authorized Public Accountant) were elected as auditors and Ernst & Young Oy, as deputy auditor for the next term of office. The auditors' fees were decided to be paid according to invoice.

The Annual General Meeting decided that the remuneration to the Chairman of the Board is EUR 40,000 and to the Vice Chairman of the Board and Board members EUR 20,000 for the term of office. The Board members' travelling expenses are compensated according to the company's travel policy.

The Meeting authorized the Board to decide on the acquisition of a maximum of 400,000 of the company̵;s own series A shares using distributable funds. The Annual General Meeting authorized the Board to decide on a directed issue of a maximum of 400,000 of the company's series A shares.

A Stock Exchange Release of the decisions made by Raute Corporation's Annual General Meeting 2008 was published on 2 April 2008 at 8.00 pm.

President and CEO Tapani Kiiski's presentation to the Annual General Meeting
(PDF).