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ORION OYJ: CONDITIONAL CHANGES IN ORION'S STOCK OPTION PLAN 2001 DUE TO PROPOSED DEMERGER

November 9, 2005

The Board of Directors of Orion Corporation has decided to change the subscription periods of the company's Stock Option Plan 2001 so that the share subscription period for the full plan will end on 31 May 2006. The decision is conditional so that it will become valid only if the Board's proposal to demerge Orion Corporation into two new companies is approved by the extraordinary general meeting of shareholders on 19 December 2005.

Kauppalehti Online (http://www.kauppalehti.fi/4/i/eng/releases/stock_release.jsp?oid=20051101/11314323044420&lang=en)