TAMFELT CORP. STOCK EXCHANGE RELEASE March 19, 2008 9.00 am 1 (1) RESOLUTIONS BY THE ANNUAL GENERAL MEETING OF TAMFELT At the Annual General Meeting of Tamfelt Corp. held on March 18, 2008, the year-end accounts were reviewed and the Board members and the President were absolved from their liability for the fiscal year 2007. A dividend for 2007 of 0.52 euro per common share and of 0.54 euro per preferred share was decided upon as proposed by the Board of Directors. The dividend record date is March 25, 2008. The dividends will be paid on April 1, 2008. Mikael von Frenckell, M.Soc.Sc., commercial counsellor, Martin Lilius, M.Sc. (Eng.), Jouko Oksanen, M.Sc. (Econ.), Vesa Kainu, B.Sc. (Eng.), Niklas Savander, M.Sc. (Eng.), M.Sc. (Econ.), and Carl-Magnus Cedercreutz, M.Sc. (Eng.), MBA were re-elected as ordinary members of the Board. At the Board meeting following the Annual General Meeting Mikael von Frenckell was re-elected Chairman and Niklas Savander was re-elected Deputy Chairman of the Board. The Annual General Meeting decided that the monthly remuneration to the Chairman of the Board will be 3,400 euro and the monthly remuneration to the Deputy Chairman and the members of the Board 1,700 euro. Meeting fee will be 800 euro to the Chairman and 600 euro to the members for each attendance. For the fiscal year 2008, Authorized Public Accountants Jari Paloniemi and Veikko Terho were reappointed as auditors. Authorized Public Accountant Jukka Lahdenpää and Authorized Public Accountants Company Moore Stephens Rewinet Oy Ab were reappointed as deputy auditors. A decision was made to pay auditor fees according to invoice. The Annual General Meeting accepted the Board proposal to amend Article 2 of the Articles of Association to correspond to the changes made in the Group structure. After the amendment Article 2 of the Articles of Association will be the following: “The company's line of business is to carry on, either directly or through subsidiary companies, the industrial manufacture and sales of felts, fabrics and other technical textile products, and other related business activities, and to own real estate and hold shares and interests for the purposes of its activities or personnel.” The amended Articles of Association will be available at Tamfelt's website www.tamfelt.com as soon as they have been entered in the Trade Register. Tamfelt Corp. Jyrki Nuutila President & CEO For more information: Mr. Jyrki Nuutila, President & CEO, tel. +358 400 625 030 Tamfelt is one of the world's leading suppliers of technical textiles. The company's main products are paper machine clothing and filter fabrics. Tamfelt Group employs about 1,470 persons and its net sales were 167.5 million euro in the year 2007. Founded in 1797, the company is one of the pioneers of Finnish industry. Distribution: Helsinki Exchanges Main media www.tamfelt.com