SUBSCRIPTION OF NEW RAPALA VMC CORPORATION SHARES WITH 2003A OPTION RIGHTS AND INCREASE OF THE SHARE CAPITAL

Rapala VMC Corporation  Stock Exchange Release  4 April, 2007  1(1)

2,500 new Rapala VMC Corporation shares have been subscribed with
2003A option rights. The share capital increase 225.00 euro
corresponding to the subscriptions has been registered in the Trade
Register on 4 April 2007. The new shares will be listed on the main
list of the Helsinki Stock Exchange on 5 April 2007. The shares grant
its holders the same rights as the already listed Rapala VMC
Corporation shares as from the registration date.

As a result of the share capital increase the company's share capital
is 3,472,089.21 euro.

All 500,000 shares have now been subscribed with 2003A option rights.

RAPALA VMC CORPORATION

Jorma Kasslin
Chief Executive Officer

For further information: Company counsel Olli Aho, tel +358 9 8562
540


DISTRIBUTION
Helsinki Stock Exchange
Main media

Rapala VMC Corporation is a leading fishing tackle company and the
global market leader in the fishing lures, treble hooks and fishing
related knives and tools. The Group also has a strong global position
in other fishing categories. The Group has its own distribution
companies in all the main markets and the largest distribution
network in the industry. The main manufacturing facilities are
located in Finland, France, Ireland, Estonia and China. The Group
brand portfolio includes the leading brand in the industry, Rapala,
and other global brands like VMC, Storm, Blue Fox, Luhr Jensen,
Williamson and Marttiini. The Group, with net sales of EUR 227
million in 2006, employs some 4,000 people in 29 countries.