Tulikivi Oyj

Earnings Release • Dec 20, 2018

Disclosure 367242

Tulikivi Oyj - Other information disclosed according to the rules of the Exchange

TULIKIVI CORPORATION LOWERS ITS 2018 NET SALES AND PROFIT OUTLOOK

Tulikivi Corporation is lowering its net sales outlook because the company’s net sales will not grow as anticipated in the fourth quarter. Demand for the new Karelia and Pielinen collections has continued to be good but that for traditional products has not met expectations. Due lower net sales, the full-year operating result is estimated to be on the previous year’s level. In 2017, net sales were EUR 29.3 million and operating profit EUR -0,4 million.

The previous net sales and profit outlook was: Net sales are expected to increase in 2018, and the operating profit is expected to be positive.

The new net sales and profit outlook is: For 2018, net sales are estimated to be approximately EUR 28.5 million and the operating profit is expected to be on the previous year’s level.

TULIKIVI CORPORATION

Board of Directors

Further information: Heikki Vauhkonen, Managing Director, tel. +358 (0)207 636 555

Distribution: NASDAQ OMX Helsinki, key media

www.tulikivi.com