Kyro Corporation STOCK EXCHANGE RELEASE 15 February 2007 6.00 pm INVITATION TO THE ANNUAL GENERAL MEETING OF KYRO CORPORATION The shareholders of Kyro Corporation are invited to attend the Annual General Meeting, which will be held on Tuesday, 13 March 2007 at 4 p.m. in the Hilton Helsinki Kalastajatorppa Hotel, address Kalastajatorpantie 1, Helsinki. The following matters are on the agenda: 1. Matters pertaining to the Annual General Meeting under Article 14 of the Articles of Association and Chapter 5 Section 3 of the Companies Act. 2. Amendment of the Articles of Association The Board of Directors proposes that the Articles of Association currently in effect be amended as follows: 1. Amendment of the Article 1 relating to the company's business name, so that the company's business name becomes Glaston Oyj Abp (in English, Glaston Corporation). 2. Deletion of Article 3 relating to the minimum and maximum share capital and nominal value of shares. 3. Amendment of Article 4 relating to the book-entry system, so that items other than that mentioning the company's shares belonging to the book entry system are deleted. 4. Amendment of Article 7, so that signing of the business name is amended to become right of representation. 5. Adjustments required by the new Companies Act to Article 12 relating to the invitation to attend a meeting of shareholders and Article 14 relating to business of the Annual General Meeting. 3. Authorisation of the Board of Directors to acquire the company's own shares The Board of Directors proposes that the Annual General Meeting authorise the Board of Directors to acquire the company's own shares up to a maximum of 7,605,096 shares. Own shares can be acquired, otherwise than in proportion to shares owned by shareholders, using the company's non-restricted shareholders' equity at the market price of the shares at the time of acquisition in public trading on the Helsinki Stock Exchange. The shares can be acquired to develop the company's capital structure, in financing or implementing possible company acquisitions or other arrangements, as part of the company's or its subsidiaries incentive schemes or to be retained by the company or otherwise transferred or invalidated. The authorisation to acquire own shares shall be valid for 18 months from the decision of the Annual General Meeting. 4. Authorisation of the Board of Directors to decide on the issuing of new shares and the transfer of own shares The Board of Directors proposes that the Annual General Meeting authorise the Board of Directors to decide on the issuing of new shares and/or the transfer of own shares in the companies' possession either against payment or without payment. By virtue of the authorisation, the Board of Directors shall be entitled to decide on the issuing of a maximum of 7,935,000 new shares and/or the transfer of a maximum of 7,935,000 own shares possessed by the company, yet so that the total number of shares issued and/or transferred can be a maximum of 7,935,000 shares. The own shares possessed by the company can be transferred to the company's shareholders in the proportion to the company shares they already own or as an exception to shareholders' pre-emptive subscription rights, if the company has a substantial financial reason for doing so, such as the use of the shares to develop the company's capital structure, in financing or implementing possible company acquisitions or other arrangements, as part of the company's or its subsidiaries incentive schemes. Shares can be issued or transferred in exception to shareholders' pre-emptive subscription rights without payment only if the company has a substantial financial reason for doing so and the interests of all the company's shareholders are taken into account. The Board of Directors may also decide on a free share issue to the company itself. The number of shares that can be issued to the company is, together with the number of own shares acquired under the authorisation to acquire new shares, a maximum of 7,935,000 shares. The amount payable for the shares shall be entered in the invested non- restricted shareholders' equity fund. The authorisation shall be valid until the end of the 2009 Annual General Meeting. Display of documents for inspection The financial statement documents and the Board of Directors' proposals shall be available for the inspection of shareholders from 6 March 2007 at the company's head office, address Vehmaistenkatu 5, 33730 Tampere. The annual report shall be sent to shareholders in Week 10. Right to participate Shareholders entered in the company's list of shareholders maintained by Finnish Central Securities Depository Ltd on Friday, 2 March 2007 shall be entitled to participate in the Annual General Meeting. Attendance of nominee-registered shareholders at the Annual General Meeting Shareholders whose shares have been entered in their book-entry account are also registered in the company's list of shareholders. Owners of nominee- registered shares may attend the Annual General Meeting if they have been temporarily registered in the company's list of shareholders at the latest ten days before the meeting. Registration Shareholders who wish to participate in the Annual General Meeting should inform the company of their participation at the latest by Thursday 8 March 2007 at 4 p.m. either in writing to Kyro Corporation, FI-39200 Kyröskoski, Finland or by telephone to +358 3 382 3072 or by e-mail to terttu.uusitalo@kyro.fi. The registration letter or message must arrive before the registration period ends. We kindly ask that any power of attorney documents be delivered to the above-mentioned address within the registration period. Auditor The Board of Directors proposes, on the recommendation of the Audit Committee, the election as auditor of the authorised public accounting firm KPMG Oy Ab, which has consented to accept the position. Payment of the dividend The Board of Directors proposes that, based on the confirmed balance sheet, a dividend of EUR 0.09 per share, a total of EUR 7.1 million, be distributed for the financial period ending 31 December 2006. The dividend shall be paid to shareholders who are entered in the company's list of shareholders maintained by Finnish Central Securities Depository Ltd on 16 March 2007, which is the date of record for the dividend payment. In accordance with the Board of Directors' proposal, the dividend will be paid on 23 March 2007. Helsinki, 15 February 2007 Kyro Corporation Board of Directors For further information, please contact: IR & Communications Manager Emmi Watkins at +358 400 903 260 / emmi.watkins@kyro.fi. Kyro Corporation is a growing, financially solid international technology group. The Glass Machinery Group of Kyro's main business area Glaston Technologies is the global market leader in glass processing machines. Tamglass Glass Processing Ltd is the leading comprehensive supplier of architectural glass in Finland and neighbouring countries. Kyro's Energy business area consists of Kyro Power Oy, a local, environmentally friendly energy producer. www.kyro.fi www.glaston.net Distribution: Helsinki Stock Exchange