Tulikivi Oyj

Board/Management Information • Sep 18, 2007

Disclosure 236917

Tulikivi Oyj - Company Announcement

Tulikivi starts codetermination negotiations

TULIKIVI CORPORATION STARTS CODETERMINATION NEGOTIATIONS Tulikivi Corporation is starting codetermination negotiations in order to balance out fluctuations in demand affecting the company's soapstone production. The negotiations concern Tulikivi Corporation's soapstone production and quarrying. To level out variations in demand, Tulikivi Corporation will start codetermination negotiations covering the company's production and quarrying employees and salaried employees in Juuka. The negotiations primarily involve layoffs lasting under 90 days. It is intended that the downscaling measures will be carried out in the autumn. Layoffs will also take place at the Suomussalmi and Kuhmo plants this autumn as a result of codetermination negotiations held there. The primary cause of the variations in demand is that the German market has quieted down, which is evident in the decline in exports of both fireplaces and lining stones. 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 tiled stoves and utility ceramics. The Group's revenue amounts to over EUR 80 million, about half of which is accounted for by exports. The Group owns seven production plants and employs more than 700 people. www.tulikivi.com TULIKIVI CORPORATION Heikki Vauhkonen Managing Director Distribution: Helsinki Stock Exchange Central Media www.tulikivi.com Additional information: Managing Director Heikki Vauhkonen, tel. +358 207 636 555