The Group has pension plans in accordance with each country’s local regulations and practices. The Group has both defined contribution and defined benefit plans. In the defined contribution plans, the Group pays fixed contributions to separate entities, such as pension insurance companies in Finland, who manage the pensions. The Group has no legal or constructive obligations to pay further contributions if the recipient of the contribution is unable to pay the employee benefits. The Group’s most important defined benefit pension plans are in Finland, where statutory insurance under the Employees’ Pensions Act (TyEL) has been arranged through the Orion Pension Fund for the Group’s clerical employees and supplementary pension security for some of the clerical employees. In addition, the Group management has defined benefit pension plans taken out with life insurance companies.

The Group’s pension obligations are listed under Note 12 “Pension assets and pension liabilities” of Orion Financial Statements 2009. At the end of 2009, the Group’s pension obligations totalled EUR 184.50 million. At the end of 2009, the Group had a pension asset of EUR 29.8 million from the Pension Fund and the Group has a liability of EUR 0.8 million to other units.

Link to Note 12 of the Financial Statements 2009