Stock Exchange Releases

Implementation of subsidiary merger


Tulikivi Corporation´s and Kermansavi Oy’s Boards of Directors
decided on June 29, 2007 to merge Kermansavi Oy into Tulikivi
Corporation by absorption. The implementation of the merger was
registered on December 31, 2007. The merger aims to clarify the
Group structure.

Tulikivi Corporation

Heikki Vauhkonen, Managing Director

Distribution: OMX Nordic Exchange in Helsinki
Central Media

Additional information: Tulikivi Corporation, 83900 Juuka, tel.
+358-207-636 000,
– Managing Director Heikki Vauhkonen