ORION CORPORATION STOCK EXCHANGE RELEASE 24 MARCH 2015 4.40 P.M. EET Orion Corporation: Organising meeting of the Board of Directors In its organising meeting, the Board of Directors of Orion Corporation, which was elected today by the Annual General Meeting of the Shareholders, has elected Jukka Ylppö as Vice Chairman. The compositions of the Board committees were decided to be as follows: Remuneration Committee: Hannu Syrjänen, Chairman Timo Maasilta Heikki Westerlund Jukka Ylppö Audit Committee: Heikki Westerlund, Chairman Eero Karvonen Timo Maasilta Mikael Silvennoinen R&D Committee: Sirpa Jalkanen, Chairman Eero Karvonen Timo Maasilta Mikael Silvennoinen Hannu Syrjänen Heikki Westerlund Jukka Ylppö The members to the Nomination Committee were elected on 22 October 2014 as stated in the stock exchange release on the same day. The Board of Directors has assessed the independence of its members and concluded that all the members are independent of the company and its significant shareholders. Orion Corporation Timo Lappalainen Olli Huotari President and CEO Senior VP, Corporate Functions Publisher: Orion Corporation Communications Orionintie 1A, FI-02200 Espoo, Finland Homepage: www.orion.fi Orion is a globally operating Finnish company developing pharmaceuticals and diagnostic tests - a builder of well-being. Orion develops, manufactures and markets human and veterinary pharmaceuticals, active pharmaceutical ingredients and diagnostic tests. The company is continuously developing new drugs and treatment methods. The core therapy areas of Orion's pharmaceutical R&D are central nervous system (CNS) disorders, oncology and respiratory for which Orion developes inhaled Easyhaler® pulmonary drugs. Orion's net sales in 2014 amounted to EUR 1,015 million and the company had about 3,500 employees. Orion's A and B shares are listed on NASDAQ Helsinki. [HUG#1905491]