Share capital and holdings

Share capital and shares

Vaisala has 17,479,000 shares. Of the total number of shares there are 3,413,285 Series K shares and 14,065,715 Series A shares. The book equivalent value of shares is 0.42 euro (not exact). Series K shares carry twenty (20) votes each at shareholders' meetings and Series A shares one (1) vote each. Both series entitle their holders to the same amount of dividend. Vaisala has applied the insider rules of the Helsinki Stock Exchange from 1st of April 2000.

Warrants

Vaisala has one stock option scheme (year 2000 option scheme). The 2000 option scheme entitles to subscribe a total of 896,000 series A-shares. By the end of 2004 no A-shares where subcribed with warrants. Each warrant entitles its holder to subscribe for one A-share at the share subsribtion price of EUR 24.55 per share deducted by the amount of the cash dividend distributed after 1st of May, 2000. The subscription price on 31.12.2004 was EUR 21.53 per share. The subscription period begun 1.12.2002 and 1.12.2004. The share subscription period will end for all warrants on 31 January 2006. The exercise of all warrants may result in a holding of 4.9% of all shares and 1.1% of all votes. The total book equivalent value of shares subscribed with warrants is EUR 376,320. 140,000 warrants are in the possession of the group companies.

Management holdings

Vaisala Oyj’s Board of Directors held and controlled 1,244,349 shares on December 31, 2004, accounting for 14.6% of total votes. The exercise of warrants may result in an increase of the holding of 0.4% of all shares and 0.1% of all votes. The Board of Directors does not hold any warranties.

Authorizations

At the end of 2004, the Board had no authorization to raise the share capital or issue convertible or warrant bonds. No authorization was granted to redeem the company’s own shares.