Stock Exchange Releases

Kermansavi Oy to merge with parent company


Tulikivi Corporation and Kermansavi Oy’s Boards of Directors have today decided to merge Kermansavi Oy into Tulikivi Corporation by absorption. The merger aims to clarify the Group structure. The draft terms of merger will be registered in the Trade Register within a month. The planned registration date for consummation of the merger is December 31, 2007.

Kermansavi Oy manufactures Kermansavi fireplaces and utility ceramics. The merger will not affect the figures in the Group’s financial statements.

Tulikivi Corporation

Board of Directors
Matti Virtaala, Chairman of the Board

Distribution: Helsinki Stock Exchange
Principal media

For additional information, contact: Tulikivi Corporation, 83900 Juuka, Finland, tel. +358 207 636 000,
– Matti Virtaala, Chairman of the Board
– Heikki Vauhkonen, Managing Director

A listed family company, Tulikivi Corporation and its subsidiaries
form the Tulikivi Group, the world’s largest manufacturer of heat-
retaining fireplaces. The Group is known for its Tulikivi
soapstone fireplaces and natural stone products as well as its
Kermansavi ceramic fireplaces and utility ceramics. The Group’s
revenue amounts to approximately EUR 80 million, about half of
which is accounted for by exports. The Group owns seven production
plants and employs just over 700 people.