Stock exchange release
March 23, 2005
ANNUAL GENERAL MEETING OF SHAREHOLDERS 2005
ANNUAL GENERAL MEETING OF SHAREHOLDERS 2005 The Annual General Meeting of shareholders approved the financial statements for 2004 on March 23, 2005. The members of the Board and the President were discharged from liability for the financial year 2004. It was decided to pay a dividend of 0.30 euro per share for A-shares and 0.28 euro per share for K- shares. The dividend will be paid on April 6, 2005. It was decided that the number of Board members be seven. Mr. Göran J. Ehrnrooth, Mr. Mikael von Frenckell, Mr. Gustaf Gripenberg, Mr. Olli Riikkala, Mr. Paul Ehrnrooth and Ms. Ilona Ervasti-Vaintola were re-elected. Mr. Alexander Ehrnrooth was elected as a new member. The term of the Board members will expire at the end of the Annual General Meeting in 2006. KPMG Oy Ab was elected auditor. The Annual General Meeting decided to authorize the Board of Directors to acquire at the Helsinki Exchanges, within the period of one year from March 23, 2005, a maximum of 2,619,712 of the company's own shares of series A and a maximum of 1,127,865 of series K in a proportion deviating from the shareholders' existing proportionate holdings at share prices quoted on the Helsinki Exchanges at the time of such acquisition. The Annual General Meeting decided to authorize the Board of Directors to decide within the period of one year from March 23, 2005 to sell a maximum of 2,747,224 Fiskars shares of series A and a maximum of 1,128,285 Fiskars shares of series K acquired pursuant to the Board's authorization. The Annual General Meeting also decided to amend the last two paragraphs of Article 6 in the Articles of the Association as follows: "The Board of Directors elects its Chairman from among its members. The Board of Directors constitutes a quorum when more than one half of the members, including its Chairman, are present." Convening after the Annual General Meeting, the Board elected Göran J. Ehrnrooth its chairman and Mikael von Frenckell deputy chairman. The Board appointed Gustaf Gripenberg chairman of the Audit Committee and its other members Paul Ehrnrooth and Ilona Ervasti-Vaintola. The Board appointed Göran J. Ehrnrooth chairman of the Compensation Committee and its other members Mikael von Frenckell and Olli Riikkala. Due to the shareholder structure of the corporation the Board decided not to appoint a Nomination Committee. Fiskars Corporation will publish the Interim Report January to March, on May 11, 2005. Heikki Allonen President and CEO