9.4.2008

Resolutions of Ramirent Annual General Meeting 2008

RAMIRENT PLC CORPORATE RELEASE 9.4.2008


RESOLUTIONS OF RAMIRENT ANNUAL GENERAL MEETING 2008

- Approved the financial statements and the dividend proposal of EUR 0.50 per share for 2007.
- Authorised the Board to decide on acquisition of the Company's own shares and share issue.
- Adopted the Board’s proposal on reduction of the share premium fund.
- Re-elected the current Board members.

The Annual General Meeting of Ramirent Plc held on 9 April 2008 approved the financial statements and discharged the members of the Board of Directors and the CEO from liability for the fiscal year 2007.

Payment of dividend

The Annual General Meeting adopted the proposal by the Board of Directors to distribute a dividend of EUR 0.50 per share for 2007. The dividend record date is 14 April 2008 and the dividend will be paid on 28 April 2008.

Composition of the Board of Directors

The Annual General Meeting decided to elect seven members to the Board. The following members of the Ramirent Board were re-elected for a term until the close of the next Annual General Meeting: Kaj-Gustaf Bergh, Torgny Eriksson, Peter Hofvenstam, Ulf Lundahl, Freek Nijdam, Erkki Norvio and Susanna Renlund.

Remuneration of the Board of Directors

The Annual General Meeting decided the remuneration of the Board of Directors shall be unchanged, i.e. for the Chairman EUR 3,000 per month and additionally EUR 1,500 for attendance at Board and committee meetings and other similar Board assignments; for the vice-chairman EUR 2,500 per month and additionally EUR 1,300 for attendance at Board and committee meetings and other similar Board assignments; and for the members of the Board EUR 1,700 per month and additionally EUR 1,000 for attendance at Board and committee meetings and other similar Board assignments.

Election of the auditors

At the Annual General Meeting KPMG Oy Ab, a firm of Authorized Public Accountants, was re-elected auditor. Pauli Salminen, APA, is the main responsible auditor appointed by KPMG Oy Ab.

Authorisation to acquire and distribute own shares

The Annual General Meeting adopted the Board of Directors’ proposal to authorise the Board to decide on acquisition of the Company’s own shares up to a maximum of 5,434,921 of own shares.

Authorisation to issue new shares

The Annual General Meeting resolved to authorise the Board of Directors to issue a maximum of 5,434,921 new shares and to convey a maximum of 5,434,921 shares against payment.

Reduction of the share premium fund

The Annual General Meeting adopted the Board of Directors’ proposal to reduce the share premium fund as shown in the balance sheet as per 31 December 2007 by the amount of 126,643,828.85 euros by transferring the amount of EUR 13,314,918.13 to the share capital and the amount of EUR 113,328,910.72 to the free equity fund.

Decisions by the Board of Directors

At the organisational meeting of the Board of Directors held after the Annual General Meeting, the Board of Directors elected from among its members Peter Hofvenstam as its Chairman and Susanna Renlund as Vice Chairman.

The Board of Directors resolved to establish an Audit Committee and Peter Hofvenstam was elected as Chairman and Susanna Renlund as member of the Audit Committee.

The Board of Directors re-elected Peter Hofvenstam as Chairman of the Working Committee and Kaj-Gustaf Bergh and Ulf Lundahl as members of the Working Committee.




RAMIRENT PLC

Kari Kallio
President and CEO


FURTHER INFORMATION:
Kari Kallio, President and CEO, tel. +358 20 750 2830
Paula Koppatz, General Counsel, tel. +358 20 750 2834


DISTRIBUTION:
OMX Nordic Exchange Helsinki
The main media
www.ramirent.com


Ramirent is the leading machinery rental company in the Nordic countries, and in Central and Eastern Europe. The Group is headquartered in Vantaa and has 340 outlets in thirteen countries. Ramirent employs over 3,600 people and in 2007 the consolidated net sales were EUR 634 million. Ramirent is listed on the OMX Nordic Exchange Helsinki. For further information, please visit www.ramirent.com.




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