Wed March 29 12:00 am 2000 in category Stock exchange releases

Nokian Tyres plc STOCK EXCHANGE BULLETIN 29 March 2000 5.00 p.m.

On March 29, Nokian Tyres Annual General Meeting accepted the profit
and loss statement for 1999 and discharged the Board of Directors and the President from liability. A decision was made on a dividend of 0.85 euros (FIM 5.05) per share. The matching date will be 3 April 2000 and the payment date 10 April 2000.

The meeting decided that the Board of Directors will have five members. Olli-Pekka Kallasvuo, Chief Financial Officer of Nokia; Lasse Kurkilahti, President and CEO of Nokian Tyres plc; Matti Oksanen, Senior Vice President of Fortum Oil and Gas Oy; Hannu Penttilä, Deputy Managing Director of Stockmann plc and Antti Saarialho, Professor were re-elected. Authorised public accountants KPMG Wideri Oy continue as auditors.

The Annual General Meeting authorised the Nokian Tyres Board of Directors to decide upon increasing the share capital with one or more rights issues within one year from the Annual General Meeting. The Board of Directors also has the right to deviate from the shareholders' pre-emptive right to subscribe stock, provided there is a compelling corporate reason. The share capital of the company may increase by a maximum of FIM 20 million (3.4 million euros) as a result of the shares issues included in the authorisation. A maximum of 2,000,000 new shares can be issued, each bearing a nominal value of FIM 10 (1.68 euros).


Raila Hietala-Hellman
Vice President, Public Information

Further information: President Lasse Kurkilahti, tel.+358 3 3407 336

Distribution: Helsinki Stock Exchange
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