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Company Announcement Finnlines informs
Finnlines Plc Stock Exchange Release 26 August 2008
Mutual Pension Insurance Company Ilmarinen has initiated action against Finnlines Plc in the City Court of Helsinki. Ilmarinen objects to the decision of Finnlines' Annual General Meeting held on 20 May, 2008 to distribute EUR 180,216.39 as a minimum dividend. Ilmarinen demands primarily that the minimum dividend is to be altered to EUR 17,181,000. Secondarily Ilmarinen demands that the resolution taken by the AGM on 20 May, 2008 is to be declared null and void. Additionally Ilmarinen demands Finnlines to pay its legal expenses.
Finnlines considers the action groundless. The company considers that the measures taken have had commercial grounds and that it has in all respects acted in the best interest of the company and its shareholders.
Finnlines Plc will submit its reply within given time limit of 30 days. The company is preparing a detailed response together with its legal adviser. Mr. Tomas Lindholm, attorney at law from Roschier Attorneys Ltd., acts as legal
adviser to Finnlines.
President and CEO
OMX Helsinki Stock Exchange