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2015-09-25

Oriola-KD Oyj: Oriola-KD to transfer its statutory occupational pensions to Ilmarinen and supplementary pension benefits to OP Life Assurance

Oriola-KD Corporation Stock Exchange Release 25 September 2015 at 11 a.m.

Oriola-KD to transfer its statutory occupational pensions to Ilmarinen and
supplementary pension benefits to OP Life Assurance

Oriola-KD has decided to transfer the management of its Finnish companies'
statutory occupational pensions and associated pension portfolio from Oriola
Pension Fund to Ilmarinen Mutual Pension Insurance Company and supplementary
pension benefits and the associated pension portfolio to OP Life Assurance
Company Ltd. The transfer will take place according to the plan on 31
December 2015. Financial impact of the transfer will be reported as part of
2015 Financial Statements. The transfer will not affect the personnel's or
pensioners' pension benefits or pension coverage. The transfer is subject to
the approval of the Finnish Financial Supervisory Authority.

The statutory pension security under Oriola Pension Fund (B-Section) covers
some 430 employees. Supplementary pension benefits (A-Section) covers
employees who has joined the company prior to 25 June 1990, a total of
approximately 15 current and approximately 56 former Oriola-KD employees are
covered by the supplementary pension benefits.

The total pension liability of Oriola Pension Fund on 30 June 2015 was
approximately EUR 62 million of which the statutory pension liability was
approximately EUR 59 million and supplementary pension liability
approximately EUR 3 million.

Oriola-KD Corporation

Eero Hautaniemi
President and CEO

For further information, please contact:

Eero Hautaniemi
President and CEO
tel. +358 (0)10 429 2109
e-mail: eero.hautaniemi@oriola-kd.com

Sari Aitokallio
CFO
tel. +358 (0)10 429 2112
e-mail: sari.aitokallio@oriola-kd.com

Distribution:
NASDAQ OMX Helsinki Ltd.
Key media

Released by:
Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo
www.oriola-kd.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Oriola-KD Oyj via Globenewswire

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