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Lassila & Tikanoja plc: Notice of Extraordinary General Meeting

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Helsinki, Finland, 2011-08-16 08:00 CEST (GLOBE NEWSWIRE) -- Lassila & Tikanoja plc   Stock exchange release   16 August 2011 9.00 am

Notice is given to the shareholders of Lassila & Tikanoja plc of the Extraordinary General Meeting to be held on Thursday 8 September 2011 at 4 pm in the auditorium of the Valkea talo, Ilkantie 4, 00401 Helsinki. The reception of persons who have registered for the meeting and the distribution of the voting tickets will commence at 3.30 pm.

A. Matters on the agenda of the Extraordinary General Meeting

1. Opening of the meeting

2. Calling the meeting to order

3. Election of persons to scrutinise the minutes and to supervise the counting of votes

4. Recording the legality of the meeting

5. Recording the attendance at the meeting and adoption of the list of votes

6. Decrease of the share premium reserve

The Board of Directors of Lassila & Tikanoja plc will propose to the Extraordinary General Meeting that the share premium reserve of the balance sheet at 31 December 2010 be decreased by EUR 50,672,564.52 by transferring all the funds in the share premium reserve to the unrestricted equity reserve.

According to the Finnish Companies Act effective until 31 August 2006 the share premium reserve belongs to restricted equity. The Companies Act currently effective no longer recognises the concept of share premium reserve. However, according to the transition provisions, the share premium reserve can be decreased in compliance with what has been regulated for in the decrease of the share capital.

The decrease of the reserve will enhance the flexibility of the capital structure and increase the distributable equity.

7. Closing of the meeting

B. Documents of the General Meeting

The proposals of the Board of Directors relating to the agenda of the General Meeting as well as this notice and other documents pursuant to chapter 5, section 21 of the Finnish Companies Act are available on Lassila & Tikanoja’s company website at The documents are also available at the meeting. Copies of these documents will be sent to shareholders upon request. The minutes of the Extraordinary General Meeting will be available on the above-mentioned website as from 22 September 2011 at the latest.

C. Instructions for the participants in the Extraordinary General Meeting

1. The right to participate and registration

Each shareholder, who is registered on 29 August 2011 in the Company’s shareholder register held by Euroclear Finland Ltd, has the right to participate in the General Meeting. A shareholder, whose shares are registered on his/her personal Finnish book-entry account, is registered in the Company’s shareholder register.

A shareholder, who wants to participate in the General Meeting, shall register for the meeting no later than on Monday 5 September 2011 at 10 am by giving a prior notice of participation. Such notice can be given:

a) via the company website
b) by e-mail
c) by telephone +358 50 385 7069 / Maija Mecklin
d) by telefax +358 10 636 2802 or
e) by regular mail to Lassila & Tikanoja plc, Maija Mecklin, P.O. Box 28, FI-00441 Helsinki, Finland.

In connection with the registration, a shareholder shall notify his/her name, personal identification number/company identification number, address, telephone number and the name of a possible assistant or proxy representative and the personal identification number of a proxy representative. The personal data given to Lassila & Tikanoja plc is used only in connection with the Extraordinary General Meeting and with the processing of related registrations.

Pursuant to chapter 5, section 25 of the Finnish Companies Act, a shareholder who is present at the General Meeting has the right to request information with respect to the matters to be considered at the meeting.

2. Holders of nominee registered shares

A holder of nominee registered shares, who wants to participate in the General Meeting, shall be temporarily entered into the Company’s shareholder register on 5 September 2011 at 10 am at the latest. Such shareholders are entitled to participate in the General Meeting if they, based on their shareholding, have the right to be entered in the shareholder register on the General Meeting record date, 29 August 2011. The temporary registration in the Company's shareholder register concerning nominee registered shareholders is considered registration for the General Meeting.

The account operator of the custodian bank may notify the holder of a nominee registered share to be temporarily entered in the company's shareholder register. A holder of nominee registered shares is advised to request without delay necessary instructions regarding the registration in the Company’s shareholder register, the issuing of proxy documents and registration for the Extraordinary General Meeting from his/her custodian bank.

3. Proxy representative and powers of attorney

A shareholder may participate in the General Meeting and exercise his/her rights at the meeting by way of proxy representation.

A proxy representative shall produce a dated proxy document or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the meeting. When a shareholder participates in the General Meeting by means of several proxy representatives representing the shareholder with shares at different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the General Meeting.

Any proxy documents should be delivered in originals to Lassila & Tikanoja plc, Maija Mecklin, P.O. Box 28, FI-00441 Helsinki, Finland before the last date for registration.

4. Other information

On the date of this notice of the Extraordinary General Meeting 15 August 2011, the total number of shares and votes in Lassila & Tikanoja plc is 38,798,874.

Helsinki, 15 August 2011

Board of Directors

Ville Rantala
President and CEO (acting)

For additional information please contact Ville Rantala, President and CEO (acting), tel. +358 50 385 1442.

Lassila & Tikanoja specialises in environmental management and property and plant support services and is a leading supplier of wood-based biofuels, recovered fuels and recycled raw materials. With operations in Finland, Sweden, Latvia and Russia, L&T employs 10,400 persons. Net sales in 2010 amounted to EUR 598 million. L&T is listed on NASDAQ OMX Helsinki.

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