Stock Exchange Releases

Increase in the number of Tulikivi Corporation shares to five-fold (split) is entered into the Trade Register according to plan on 12 December 2003 and public trading starts on new shares on 15 December 2003


The decision by the extraordinary general meeting of Tulikivi
Corporation held on 4 December 2003 was to increase the number of
shares to five-fold (split) without increasing the share capital.
This will be done in proportion to shareholders’ ownership. The
nominal value of both share series will be changed from EUR 3.40
to EUR 0.68 so that one old share will be split into five new
shares. After the split, the number of K shares will be 2,385,000
and the number of A shares 6,721,385.

According to plan, the change in the number of shares and related
changes in paragraphs 3 and 4 of the company by-laws will be
entered into the trade register on 12 December 2003 and the new
shares will be subject to public trading at Helsinki Stock
Exchange beginning from 15 December 2003.

Juuka, 4 December 2003


Distribution: Helsinki Stock Exchange
Central media

For further information: Tulikivi Corporation, 83900 Juuka, tel.
013-681 111,
Chairman of the board Matti Virtaala