Tulikivi begins codetermination negotiations On February 26, 2007, Tulikivi Corporation begins codetermination negotiations in order to complete the integration of subsidiary Kermansavi Oy. The planned personnel reductions will also enhance efficiency in Kermansavi's utility ceramics business and balance out seasonal fluctuations in demand for Tulikivi's soapstone fireplaces. The codetermination negotiations will affect all staff at Kermansavi Oy. Negotiations will also be conducted with Tulikivi Corporation personnel at the soapstone production facilities in Juuka, Suomussalmi and Kuhmo, and with personnel in Tulikivi's fireplace sales organisation. Now that Kermansavi Oy's operations have been integrated, the reductions aim to remove any overlaps arising from its acquisition. Codetermination negotiations will be conducted separately at both Tulikivi Corporation and Kermansavi Oy. Personnel cuts and layoffs of fewer than ten people will be negotiated at Kermansavi Oy. In spite of the downscaling, new product collections will be brought to market. Negotiations for redundancies of less than ten people will be carried out in Tulikivi Corporation's sales organisation. Preparations are also being made for downsizing measures in soapstone production, which will mainly be targeted at night and weekend shifts. 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 over 700 people. www.tulikivi.com TULIKIVI CORPORATION Juha Sivonen Managing Director Distribution: Helsinki Stock Exchange Central media For additional information, contact: Tulikivi Corporation's Managing Director Juha Sivonen, tel. +358 207 636