TULIKIVI OYJ STOCK EXCHANGE RELEASE 83900 JUUKA April 17, 2008 at 3.45 p.m. RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF TULIKIVI CORPORATION The Annual General Meeting of the Tulikivi Corporation held on April 17, 2008 approved the financial statement for the financial year 2007 and discharged the members of the Board of Directors and the Managing Director from liability. It was resolved to pay a dividend of EUR 0.0450 on Series A shares and 0.0433 on Series K shares. The Annual General Meeting accepted the proposals of the Board of Directors to authorise the Board of Directors to acquire the company's own shares, to decide upon an issue of shares and to dispose of the company's own shares as well as to issue special rights related to the shares. 1. Dividend The Annual General Meeting resolved, in accordance with the Board's proposal, to pay a dividend of: - EUR 0.0450 on Series A shares - EUR 0.0433 on Series K shares The record date for the dividend payment will be April 22, 2008. The dividend will be paid out on April 29, 2008. 2. Remuneration of Board members and auditor's fees The annual remuneration of a Board member is EUR 15 600. In accordance with the resolution of the Annual General Meeting, each Board member will receive 40 per cent of the annual remuneration in the form of Tulikivi Corporation Series A shares. In addition, the Chairman of the Board of Directors will be paid a EUR 6 240 monthly fee and the director serving as secretary to the Board of Directors a EUR 728 monthly fee. The fees for the auditor are paid according to the relevant invoice. 3. Board members and Chairman of the Board The number of Board members was set at seven. Bishop Ambrosius, Mr. Juhani Erma, Mr. Eero Makkonen, Mrs. Maarit Toivanen- Koivisto, Mr. Reijo Vauhkonen, Mr. Heikki Vauhkonen and Mr. Matti Virtaala were re-relected as the members of the Board of Directors. The initial meeting of the Board was held immediately after the Annual General Meeting. Mr. Matti Virtaala was elected Chairman of the Board. 4. Auditor The firm of independent public accountants KPMG Oy Ab was elected the auditor of Tulikivi Corporation, with Mr. Ari Eskelinen, Authorized Public Accountant, acting as the chief auditor. 5. Authorisation to acquire the company's own shares The Annual General Meeting granted the Board authorisation to acquire the company's own shares as proposed by the Board. The company's own shares are acquired to develop the company's capital structure and to be used as consideration in business and company acquisitions and other structural arrangements, the manner and scope of which will be determined at the discretion of the Board of Directors. In addition the shares will be acquired for the use in share-based incentive arrangement, for payment of share-based remuneration or otherwise to be transferred or cancelled. No more than a total of 2 760 397 Series A shares of the company shall be acquired and no more than a total of 954 000 Series K shares of the company shall be acquired. The authorisation is in force until the Annual General Meeting to be held in 2009 but, however, not for a longer period than 18 months as of the resolution by the General Meeting. 6. The authorisation of the Board of Directors to decide upon an issue of shares and the company´s own shares in possession of the company and the right to issue special rights which give entitlement to shares as defined in Chapter 10 Article 1 of the Companies´ Act. The Annual General Meeting authorised the Board of Directors to decide on the issue of new shares and the company´s own shares in possession of the company. The new shares or the company´s own shares in possession of the company will be issued in the following amounts: A total of no more than 5 520 794 A series and no more than 1 908 000 K series shares. The authorisation also includes the right to carry out share capital increase deviating from the shareholders´ pre-emptive subscription right provided there is a weighty financial reason from the company´s point of view for the deviation. The authorisation includes the right to issue cost-free shares to the company, provided that the number of shares issued to the company would not exceed one tenth of all shares of the company. The authorisation also includes the right to issue special rights, as defined in Chapter 10 Article 1 of the Companies´ Act, which entitle to subscribe for shares against payment or by setting off the receivable. The authorisation also includes the right to pay remuneration in the form of shares. The Board of Directors is entitled to decide on other issues related to the share issues. The authorisation to repurchase shares is in force until the Annual General Meeting to be held in 2009. TULIKIVI OYJ Matti Virtaala Chairman of the Board Additional Information: Tulikivi Corporation, 83900 Juuka, Tel. +358 207 636 000 Matti Virtaala, Chairman of the Board Heikki Vauhkonen, Managing Director Distribution: OMX Nordic Exchange in Helsinki, Central Media, www.tulikivi.com