Share and Share capital

Share

Marimekko Corporation’s share is quoted on the OMX Nordic Exchange Helsinki. The company was listed on the I List of the Helsinki Stock Exchange in March 1999. In the public offering, the sales and subscription price was EUR 7.25 per share. The share transferred to the Helsinki Stock Exchange’s main list on 27 December 2002.

The company has one series of shares, each conferring the same voting rights to their holders. The company’s shares have been included in the book-entry register since 17 February 1999.

Share capital

Marimekko Corporation’s paid-in share capital, as recorded in the Trade Register, amounts to EUR 8,040,000, consisting of 8,040,000 shares, each having an accounting countervalue of one (1) euro. According to the Articles of Association, the minimum share capital is EUR 3,000,000 and the maximum share capital is EUR 12,000,000. The minimum number of shares is 5,000,000 and the maximum number is 20,000,000.

Changes in the Share capital

Split

In 2003, the company’s number of shares was doubled (split), without increasing the share capital, in proportion to the existing holdings of shareholders. Due to doubling the number of shares, each share with an accounting countervalue of two (2) euros was split into two shares with an accounting countervalue of one (1) euro each.

Bonus issue

In 2003, the company’s share capital was increased by means of a bonus issue of EUR 2,680,000, from EUR 5,360,000 to EUR 8,040,000. In the bonus issue, 2,680,000 new shares with an accounting countervalue of one (1) euro were issued. The bonus issue was implemented by transferring EUR 2,680,000 to the share capital so that the funds from the premium fund and reserve fund were transferred in full and the rest from retained earnings. In the bonus issue, a shareholder received, without consideration, one (1) new share for each two (2) post-split shares with an accounting countervalue of one (1) euro. Trading in the split and bonus issue shares began on the Helsinki Stock Exchange on 7 April 2003.

Authorisations

The Board of Directors has no valid authorisations to carry out a share issue or issue of convertible bonds or bonds with warrants, or to acquire or transfer the company’s shares. Marimekko Corporation does not own any Marimekko shares.

Dividends policy

Marimekko aims to pay a regular dividend every year. The dividends to be paid and their amount and the payout date depend on the company’s financial result, financial situation, equity ratio, need for working capital and other factors. Marimekko intends to follow a stable and active dividends policy that by and large reflects the company’s earnings trend. Marimekko’s goal is to distribute as dividends at least half of earnings per share annually.

Dividends for 2007

A dividend of EUR 0.65 per share, a total of EUR 5,226,000, was paid for the financial year 2007 in accordance with the decision of the Annual General Meeting held on 3 April 2008. The dividends amount to 67.7% of the Group´s earnings per share for the financial year 2007. The dividend payout record date was on 8 April 2008 and the dividends payout date on 15 April 2008.

Shareholders

According to the book-entry register, Marimekko Corporation had 5,331 registered shareholders at the end of the financial year 2007. At the turn of the year, 19.6% of the shares were registered in a nominee’s name and 13.5% were in foreign ownership.

Flagging notifications 2007

Morgan Stanley & Co. International plc
Morgan Stanley & Co International Plc’s share of Marimekko Corporation's share capital and voting rights rose to 5.08%, or 408,689 shares, as a result of a transaction made on 12 April 2007; and then fell to 4.77%, or 383,689 shares, as a result of a transaction made on 20 April 2007.

Grantham, Mayo, Van Otterloo & Co. LLC 
Grantham, Mayo, Van Otterloo & Co. LLC’s share of Marimekko Corporation's share capital and voting rights fell to 4.75%, or 382,200 shares, as a result of a transaction made on 27 June 2007.

Workidea Oy and Muotitila Ltd
In a transaction made on 31 October 2007, Workidea Oy – a company controlled by Kirsti Paakkanen – sold 804,000 shares which represented 10.00% of its holding in Marimekko Corporation to Muotitila Ltd, a company controlled by Mika Ihamuotila. As the result of this transaction, Workidea Oy's share of Marimekko Corporation's share capital and voting rights fell from 20.00% to 10.00%, that is, to 804,000 shares. Workidea Oy and Muotitila Ltd also issued notification of an agreement signed on 31 October 2007. This agreement grants Muotitila Ltd the right to acquire the remaining shares in Marimekko Corporation held by Workidea Oy – a total of 804,000 – at any time before the end of 2008. If Muotitila Ltd exercises its right, Workidea Oy's share of Marimekko Corporation's share capital and voting rights will fall to 0.00% and Muotitila Ltd's share of Marimekko Corporation's share capital and voting rights will exceed 1/5.

As part of the above agreement, Workidea Oy authorised Muotitila Ltd, as of 31 October 2007, to use the voting rights attached to the shares covered by the agreement in ordinary matters handled by general meetings of shareholders. Based on this authorisation, Workidea Oy's share of Marimekko Corporation's voting rights fell below 1/20. The authorisation will be automatically cancelled if Muotitila Ltd has not used its right to acquire the shares by the end of 2008. After the transaction and agreement, Workidea Oy's share of Marimekko Corporation's share capital stood at 10.00% and its voting rights – taking the voting authorisation into account – at 0.00%. After the agreement and transactions made on 31 October 2007, Muotitila Ltd's share of Marimekko Corporation's share capital is 13.00% and its voting rights – taking the voting authorisation into account – amount to 23.00%.

Fautor SPRLU
Fautor SPRLU's share of Marimekko Corporation's share capital and voting rights rose to 5.04%, or 405,000 shares, as a result of a transaction made on 1 November 2007; and then rose again to 10.58%, or 850,377 shares, as a result of a transaction made on 21 November 2007.

Flagging notifications 2008

Morgan Stanley & Co Incorporated´s share of Marimekko Corporation´s share capital and voting rights rose to 5.44%, or 438 083 shares, as a result of a transaction made on 7 April 2008; and then fell to 0.90%, or 73 083 shares, as a result of a transaction made on 9 April 2008.

At the end of the financial year 2007, members of the Board of Directors and the president of the company either directly or indirectly owned 10.0% of the company´s share capital and controlled 0.0% of the total votes conferred by the company´s shares. Changes in the shareholdings by members of the Board of Directors and the president of the company are detailed above in the section Flagging notifications 2007. Updated information on management's shareholding is reported on the company's Internet site under
Investor/Share information/Shareholders/Insiders.