Tulikivi Oyj — M&A Activity 2012

Jun 21, 2012

Kivia Oy to merge with Tulikivi Corporation

Kivia Oy to merge with Tulikivi Corporation

TULIKIVI CORPORATION STOCK EXCHANGE RELEASE

                                                               June 21,

2012 at 12.15

83900 JUUKA

Kivia Oy to merge with Tulikivi Corporation

Tulikivi Corporation and Kivia 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, 2012.

Kivia Oy is dormant. 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: NASDAQ OMX Helsinki Ltd

Central Media

www.tulikivi.com

Additional information: Tulikivi Corporation, 83900 Juuka, +358 403 063 100,
www.tulikivi.com

-Chairman of the Board Matti Virtaala

-Managing Director Heikki Vauhkonen

The Tulikivi Group comprises the Tulikivi Corporation, which is a listed
family enterprise, and its subsidiaries. The Tulikivi Group is the world´s
largest manufacturer of heat retaining fireplaces. Tulikivi has three products
groups: Fireplaces, Saunas and Interior & Design. Tulikivi and its customers
value wellbeing, interior design and the benefits of bioenergy. Tulikivi´s net
sales are roughly EUR 60 million, of which exports account for about half.
Tulikivi employs over 400 people.