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ETTEPLAN OYJ’S ANNUAL GENERAL MEETING 28 MARCH 2008

Stock exchange release – Published: 28.03.2008 16:30:00

ETTEPLAN OYJ'S ANNUAL GENERAL MEETING 28 MARCH 2008                             

The Annual General Meeting of Etteplan Oyj was held today, 28 March 2008, in    
Vantaa. The AGM adopted the financial statements for the financial year 2007    
and granted exemption from personal liability to the members of the Board of    
Directors and the CEO.                                                          

The Annual General Meeting passed a resolution on a motion by the Board of      
Directors to pay a dividend for the year 2007 of EUR 0.21 per share, or a total 
of EUR 4,224,733.80. The remaining profit will be retained in distributable     
equity. The date of record for the payment of dividend will be 2 April 2008 and 
the payment date will be 9 April 2008.                                          

The number of members on the Board of Directors was confirmed as five.          
The members re-elected to the Board were Tapio Hakakari, Heikki Hornborg, Tapani
Mönkkönen, Pertti Nupponen and Matti Virtaala.                                  

The auditor elected was PricewaterhouseCoopers Oy, a firm of authorized public  
accountants, with Mika Kaarisalo APA as the auditor in charge.                  

All the resolutions of the Annual General Meeting were passed unanimously.      

The Annual General Meeting made the following resolutions, too:                 

(i)                                                                             
a resolution according to which the Board of Directors is authorized to decide  
to issue maximum of 4,000,000 shares through issuance of shares, option rights  
or other special rights entitling to shares under Chapter 10, Section 1 of the  
Companies Act in one or more issues. The authorization includes a right to      
issue new shares or assign company's own shares held by the company.            

The authorization includes a right to deviate from the existing shareholders'   
pre-emptive subscription right as set forth in the Companies Act Chapter 9,     
Section 3. Therefore, the Board of Directors has a right to direct the share    
issue or issuance of option rights or other special rights entitling to shares. 
The authorization includes also a right to determine on all the terms of share  
issue, option rights or other special rights entitling to shares. The           
authorization includes therefore a right to determine on share subscription     
prices, persons entitled to subscribe the shares and other terms and            
conditions applicable to the subscription. In order to deviate from the         
shareholders' pre-emptive subscription right, the company must have a           
substantial financial reason such as financing of a company acquisition,        
other arrangement in connection with the development of the company's business  
or equity or an incentive scheme to the personnel. In connection of the share   
issuance the Board of Directors is entitled to decide that the shares may be    
subscribed against contribution in kind or otherwise under special terms and    
conditions. The authorization includes a right to determine whether the         
subscription price will be entered into the share capital or into the reserve   
of invested non-restricted equity.                                              

The authorization is effective for a period of three (3) years from the         
resolution of the Annual General Meeting, i.e. from 28 March 2008 to            
28 March 2011. The proposed authorization shall replace the previous            
authorization granted to the Board of Directors.                                

(ii)                                                                            
a resolution according to which the Board of Directors is authorized to decide  
to acquire company's own shares in one or more lots with non-restricted equity  
of the company. The acquisition of company's own shares may be executed in      
deviation from the proportional shareholdings. Therefore, the company has       
also a right to direct the acquisition of company's own shares.                 

The authorization includes a right to acquire the company's shares through a    
tender offer made to all the shareholders of the company on the same terms and  
for a price determined by the Board of Directors or in public trade at the      
applicable quoted price to the effect that total number of acquired shares      
shall be no more than ten (10) per cent of all the company's shares. The        
minimum share purchase price for acquiring company's own shares is the lowest   
quoted price in public trade and the maximum purchase price is the highest      
quoted price in public trade during the period of validity of the authorization.

If shares are acquired in pubic trade the acquisition shall not be made in      
proportion to the shareholdings. Thus, there must be a substantial financial    
reason for the company. The shares may be acquired in order to be used as       
consideration in potential company acquisitions or in other structural          
arrangements. The shares may be used as well for carrying out company's         
incentive scheme provided to the personnel. The acquired shares may be kept     
by the company, invalidated or assigned onwards.                                

The acquisition of shares will decrease non-restricted equity of the company.   

The authorization is effective for a period of eighteen (18) months from        
the resolution of the Annual General Meeting, i.e. from 28 March 2008 to        
28 September 2009. The proposed authorization shall replace the previous        
authorization granted to the Board of Directors.                                

Hollola; March 28, 2008                                                         


Etteplan Oyj                                                                    

Board of Directors                                                              


More information is available from                                              
Matti Hyytiäinen, President and CEO of Etteplan Oyj (tel. +358 400 710 968).    


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OMX Nordic Exchange Helsinki                                                    
Principle media                                                                 
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