OKMETIC INITIATES REPURCHASE OF OWN SHARES

OKMETIC OYJ STOCK EXCHANGE RELEASE      5 AUGUST 2011    AT 3.00 P.M. OKMETIC INITIATES REPURCHASE OF OWN SHARES The board of directors of Okmetic has decided on 5 August 2011, based on an existing authorisation of the board of directors, to repurchase a maximum of 280,000 company's own shares, corresponding to approximately 1.6 percent of the total number of Okmetic shares. Currently, the company holds a total of 66,143 company's own shares. Share repurchase shall be started on 15 August 2011 at the earliest. Share repurchase may continue until the next annual general meeting, however, no longer than until 7 October 2012. The repurchased shares may be used in developing the company's capital structure, as compensation in possible corporate acquisitions or in other business arrangements, as part of the company's incentive scheme or transferred or cancelled in other ways. The shares shall be repurchased with the company's distributable assets and the repurchase shall decrease the company's distributable equity. The shares shall be repurchased in a proportion other than that of the shares held by the shareholders through public trading on the NASDAQ OMX Helsinki Oy at market price prevailing at the time of repurchase. The annual general meeting of Okmetic Oyj has on 7 April 2011 authorised the board of directors to decide on repurchase of a maximum of 1,728,750 own shares. The terms and conditions of the authorisation have been disclosed in the stock exchange release of 7 April 2011 regarding the decisions of the annual general meeting of Okmetic Oyj. The authorisation has not been used yet. OKMETIC OYJ Board of directors For further information, please contact: President Kai Seikku, Okmetic Oyj, tel. +358 400 200 288, email: kai.seikku@okmetic.com Senior Vice President, Finance, IT, and Communications Juha Jaatinen, Okmetic Oyj, tel. +358 9 5028 0286, email: juha.jaatinen@okmetic.com Distribution: NASDAQ OMX Helsinki Principal media www.okmetic.com OKMETIC IN BRIEF Take it higher Okmetic is a technology company which supplies tailor-made silicon wafers for sensor and semiconductor industries and sells its technological expertise to the solar cell industry. Okmetic provides its customers with solutions that boost their competitiveness and profitability. Okmetic's silicon wafers are part of a further processing chain that produces end products that improve human interaction and quality of life. Okmetic's products are based on high-tech expertise that generates added value for customers, innovative product development and an extremely efficient production process. Okmetic has a global customer base and sales network, production plants in Finland and the US and contract manufacturers in Japan and China. Okmetic's shares are listed on NASDAQ OMX Helsinki under the code OKM1V. For more information on the company, please visit our website at www.okmetic.com. OKME1611: http://hugin.info/132025/R/1536567/468850.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Okmetic Oyj via Thomson Reuters ONE [HUG#1536567]