On 28 April 2005, the Annual General Meeting approved a Stock Option Program, upon which, in deviation from the stockholders' pre-emptive right to subscribe and without additional consideration, a maximum of 200,000 stock options were offered for subscription to the Managing Directors and other key persons employed by the parent company Leo Longlife Oyj and its affiliates. In 2008, at a time later specified by the Board of Directors, an aggregate maximum of 200,000 new Leo Longlife A-shares can be subscribed for with these Leo Longlife 2008A1 stock options. Each stock option entitles to the subscription of one Company A-share. The Stock Option Program is a part of the Group's incentive system.

On 9 October 2006, the Extraordinary General Meeting decided, by decision of the Board of Directors and without additional consideration, to grant the Company's Managing Director and the Group's other key personnel a maximum of 200,000 stock options each, entitling to the subscription of an aggregate maximum of 400,000 new Company shares (formerly A-shares) with a subscription price of EUR 8.00 per share. On 9 October 2006, the Board of Directors decided to grant Kristina Illi, the Managing Director, a total of 200,000 stock options. The share subscription period for stock options begins on 1 September 2009 and ends on 31 December 2009. The stock options cannot be transferred before the stock subscription period has commenced.