INTERIM REPORT FOR JANUARY - MARCH 2008


STROMSDAL CORPORATION
INTERIM REPORT
28 April 2008 at 11.30 hrs (Finnish time)


INTERIM REPORT FOR JANUARY - MARCH 2008

- January-March net sales were EUR 14.5 million (EUR 13.4 million).
- January-March pre-tax loss was EUR -1.4 million (EUR -1.3 million)
- The company continued with its investment programme, which it started in
2007. The benefit of this investment programme is the improved quality control
and efficiency in the production of Tecta food packaging paperboard. The
capital expenditure for the January-March period amounted to EUR 2.4 million
(EUR 0.8 million). 


MARKETS AND SALES

The competition in the European paperboard markets was tight and the weakening
of the US dollar and the pound sterling against the Euro makes the competition
even more challenging. 

The average backlog for the period January-March was 8 days (10 days).

The company focuses on high premium-quality graphical paperboards and on
specialty paperboards like Tecta food packaging paperboards. Price increases
will be done on the commodity paperboards, like Strom grades. In addition the
company aims to reduce its currency risks by switching its invoicing currency
from US dollar and pound sterling to Euro. 


NET SALES AND RESULTS

Stromsdal Group´s consolidated net sales for January 1 - March 31 totalled EUR
14.5 million (EUR 13.4 million). Consolidated operating result was EUR -1.5
million (EUR -0.9 million). Net loss was EUR -1.5 million (EUR -1.3 million). 

The quantity of sales increased slightly compared to the same period in
previous year. The order inflow was at satisfactory level, but the high share
of commodity paperboards reduced the average sales price. The one week
investment shut down in February weakened the result for the period. 

During the period the company has sold 2008 - 2012 excess pollution rights for
EUR 0.6 million. 

The raw materials, especially pulp-, pulpwood- and energy prices rose
significantly during the period compared to the same time in previous year. 

Total production was 15,900 tons (15,600 tons). The investment shut down in
February reduced somewhat the production. 


FINANCIAL POSITION

The operative cash flow was EUR 0.4 million (EUR -0.4 million). Cash flow from
investments was EUR -1.8 million (EUR -0.3 million). 

In June 2006 Ministry of Trade and Industry granted the company an investment
aid of EUR 1.5 million. The first part of the investment aid, EUR 0.5 million
was received in March 2007, and the second one in February 2008 amounted to EUR
0.4 million. The remaining part, EUR 0.6 million, is planned to be received at
the latest in June. 

The company has been granted a EUR 1.0 million loan to be used for capital
expenditures. 

The company has agreed with its main financiers to postpone all 2008 debt
payments. 

The company's cash flow will become tighter during summer, especially due to
planned investments in June. 


CAPITAL EXPENDITURE

The capital expenditures of the company continued and during January-March 2008
they amounted to EUR 2.4 million (EUR 0.8 million). 

The biggest investment which the company carried out in February was the
improvements in quality control and efficiency when producing Tecta food
packaging paperboard and developing the surface and printability properties of
all coated grades. 

The extensive capital expenditure will come to an end with the June 2008
investments. 
 

RESEARCH AND DEVELOPMENT

Further improvements in printability of the paperboard have been implemented.
Development work of Tecta food packaging paperboard usages for new application
areas has been carried out in a joint development program together with VTT
Technical Research Centre of Finland. 

In February Stromsdal received the international FSC forest management and
chain of custody certificate. Previously the company has received the PEFC
certificate. The company is then able to ensure that the origin of the wood can
be traced to sustainably managed forests. 


PERSONNEL

During the period the company had an average 202 (208) employees. At the end of
the period there were 205 (203) employees, of which, 187 employees were
permanent and 18 employees were temporary staff. 

Financial Director Ms. Anna-Liisa Smolander resigned from Stromsdal in February
2008. On 19 February, 2008 Mr. Krister Björkqvist was nominated as Financial
Director. 

In March the company outsourced the salary administration to Silta Oy.


THE ANNUAL GENERAL MEETING 2008

The Annual General Meeting (AGM) of Stromsdal Corporation (publ.) was held on
26 March 2008. 

The AGM resolved, due to the fact that the company made no profits during the
financial period, that no dividend shall be distributed. 

The AGM elected six (6) members to the Board of Directors for a term ending on
the conclusion of the AGM in 2009. Managing Director Mr. Harry Salonaho,
Managing Director Mr. Alexander Ehrnrooth, Attorney of law Mr. Juhani Erma,
Mayor Mr. Petri Kangasperko, and Project Manager Ms. Pirjo Repo were
re-elected. Managing Director Mr. Eduard Paulig was elected as the new ordinary
member. 

The meeting of the Board of Directors held immediately after the AGM elected
Mr. Harry Salonaho as the Chairman of the Board of Directors. The Board of
Directors elected Mr. Juhani Erma (Chairman), Mr. Eduard Paulig, Ms. Pirjo Repo
and Mr. Harry Salonaho to the Audit Committee. The Board of Directors elected
Mr. Alexander Ehrnrooth (Chairman), Mr. Juhani Erma and Mr. Harry Salonaho to
the Nomination Committee. 

Authorized Public Accounting Firm Ernst & Young Ltd, with Ms. Eija
Niemi-Nikkola as auditor in charge, was re-elected the company's auditor for a
term ending at the closing of the next AGM. 

The AGM resolved that the fund for unrestricted equity established in year 2002
(EUR 2,025,936.63) and the fund for invested unrestricted equity (EUR
5,100,399.45), total EUR 7,126,336.08, are used in full to cover the confirmed
loss in the balance sheet. 

The AGM further resolved that the registered share capital of the company, EUR
10,102,906.80, is reduced without compensation by EUR 3,181,441.98 after which
reduction the company's share capital to be registered will be EUR
6,921,464.82, which is divided into 27,515,399 shares. 

Of the amount of the share capital reduction, EUR 3,181,441.98 shall be used to
cover the confirmed loss in the balance sheet in accordance with the provisions
in Chapter 14, Section 1.1 of the Finnish Companies Act. 

No actions or measures are required by the shareholders. The changes in the
share capital and in the share book value become effective upon registration. 

The reduction of share capital as resolved results into restriction on
distribution of profits during the next three years according to Chapter 14,
Section 2.2 of the Finnish Companies Act. 

The AGM resolved to authorize the Board of Directors to decide on the issuing
of new shares of the company and on the right to transfer shares in the company
that are in the possession of the company. The authorization includes the right
to issue special rights as meant in Chapter 10 Section 1 of the Finnish
Companies Act, which rights would entitle the holder to receive, against
payment, new shares in the company or own shares of the company being in the
possession of the company either by paying the subscription price in cash or by
using a receivable from the company to set off the subscription price. 
A maximum amount of 20,000,000 new shares may be issued. A maximum amount of
1,100,000 own shares in the possession of the company may be transferred. 

In addition, the authorization includes the right to decide on a share issue to
the company itself free of charge so that, as a result, the aggregate amount of
shares issued to the company is a maximum of one tenth (1/10) of the total
amount of shares in the company. This amount includes all the shares in the
company being in the possession of the company itself or in the possession of
any of its affiliated companies as set out in Chapter 15 Section 11 Paragraph 1
of the Finnish Companies Act. 

The Board of Directors is entitled to decide on any other issues related with
the share issue. The authorization is in force for one year as of the decision
of the AGM. The authorization revokes the authorization decided by the
shareholder's meeting on 29 March 2007. 


NEAR FUTURE RISKS

The prices of the main raw materials, electricity and transportation costs will
increase the production costs and reduce the company's profitability. This
negative impact will be compensated by investments and more efficient
logistics-, sales- and production processes. The availability of pulpwood and
short-fibre pulp is secured for the coming months, but the risk of Russia
increasing the wood duties, would endanger the availability of pulpwood and
short-fibre pulp, and would increase prices. 

Downward markets and unfavorable currency exchange rates, especially the US
dollar and pound sterling have a negative impact on the profitability of the
company. During the period the company has been able to reduce its US dollar
dependence. 

Should the company's profitability and cash flow fail to improve in 2008, its
financial standing and liquidity may deteriorate substantially. 

For more information on risk management, please turn to the Financial
Statements in the company's Annual Report for 2007. 


FUTURE PROSPECTS

The future prospects are based on general external financial indicators, order
forecasts given by customers and on the company's order book. 

The company seeks to deliver positive EBITDA in 2008. The continuing rise in
the prices of raw materials erodes profitability, however, but the company
seeks to reduce the impacts of these through the investments executed and the
more efficient operating models introduced. The possible softening of the
market and unfavourable exchange rate development, especially in respect of the
dollar and pound sterling, will also erode the company's financial performance.
The financial results for the year 2008 will be negative. 

The investments implemented and the additional investments planned for June
2008, will improve the product quality level, the production output and will
reduce the production cost level. 





STROMSDAL CORPORATION                                                           

CONSOLIDATED INCOME STATEMENT (EUR 1000)                                        
--------------------------------------------------------------------------------
|                              |   |     IFRS |     IFRS |     IFRS |          |
--------------------------------------------------------------------------------
|                              |   | 1-3/2008 | 1-3/2007 |1-12/2007 |          |
|                              |   |          |          |          |          |
--------------------------------------------------------------------------------
| NET SALES                    |   |   14 515 |   13 383 |   56 073 |          |
--------------------------------------------------------------------------------
| Changes in inventories of        |     -410 |      216 |    1 158 |          |
| finished and unfinished goods    |          |          |          |          |
| +/-                              |          |          |          |          |
--------------------------------------------------------------------------------
| Other operating income       |   |      635 |       95 |      309 |          |
--------------------------------------------------------------------------------
| Materials and services       |   |  -10 969 |   -9 908 |  -42 662 |          |
--------------------------------------------------------------------------------
| Empolyee benefits expense        |   -2 984 |   -2 760 |  -11 219 |          |
--------------------------------------------------------------------------------
| Depreciaton                  |   |     -937 |     -875 |   -3 458 |          |
--------------------------------------------------------------------------------
| Other operating expenses     |   |   -1 312 |   -1 070 |   -4 474 |          |
--------------------------------------------------------------------------------
| OPERATING PROFIT/LOSS        |   |   -1 463 |     -919 |   -4 273 |          |
--------------------------------------------------------------------------------
| Share of associated companies´   |        0 |        0 |       27 |          |
| profits/losses                   |          |          |          |          |
--------------------------------------------------------------------------------
| Financial income and         |   |       64 |     -348 |   -1 516 |          |
| expenses                     |   |          |          |          |          |
--------------------------------------------------------------------------------
| PROFIT/LOSS BEFORE TAXES         |   -1 399 |   -1 267 |   -5 762 |          |
--------------------------------------------------------------------------------
| Income taxes                 |   |      -72 |        3 |        6 |          |
--------------------------------------------------------------------------------
| PROFIT/LOSS FOR THE          |   |   -1 471 |   -1 264 |   -5 756 |          |
| FINANCIAL YEAR               |   |          |          |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EARNINGS/SHARE, diluted and  |   |    -0,05 |    -0,05 |    -0,28 |          |
| undiluted                    |   |          |          |          |          |
--------------------------------------------------------------------------------


CONSOLIDATED BALANCE SHEET (EUR 1000)                                           
--------------------------------------------------------------------------------
|                                       |   |     IFRS |      IFRS |      IFRS |
--------------------------------------------------------------------------------
| ASSETS                                |   |31.3.2008 | 31.3.2007 |31.12.2007 |
|                                       |   |          |           |           |
--------------------------------------------------------------------------------
| NON-CURRENT ASSETS                    |   |          |           |           |
--------------------------------------------------------------------------------
| Other intangible assets               |   |      657 |       819 |       724 |
--------------------------------------------------------------------------------
| Tangible assets                       |   |   23 443 |    21 761 |    21 930 |
--------------------------------------------------------------------------------
| Investments in associated companies   |   |      526 |       499 |       526 |
--------------------------------------------------------------------------------
| Available-for-sale financial assets   |   |       41 |        44 |        44 |
--------------------------------------------------------------------------------
| Receivables                           |   |      594 |       629 |       602 |
--------------------------------------------------------------------------------
| Deferred tax assets                   |   |       74 |        71 |        74 |
--------------------------------------------------------------------------------
| TOTAL NON-CURRENT ASSETS              |   |   25 335 |    23 823 |    23 900 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CURRENT ASSETS                        |   |          |           |           |
--------------------------------------------------------------------------------
| Inventories                           |   |    7 055 |     5 969 |     7 210 |
--------------------------------------------------------------------------------
| Trade and other receivables           |   |   13 105 |     9 535 |    12 436 |
--------------------------------------------------------------------------------
| Financial asset recognised in profit  |   |      280 |         0 |         0 |
| or loss                               |   |          |           |           |
--------------------------------------------------------------------------------
| Cash and cash equivalents             |   |      879 |       520 |     2 112 |
--------------------------------------------------------------------------------
| TOTAL CURRENT ASSETS                  |   |   21 319 |    16 024 |    21 758 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| TOTAL ASSETS                          |   |   46 654 |    39 847 |    45 658 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| SHAREHOLDERS´ EQUITY AND LIABILITIES  |   |          |           |           |
--------------------------------------------------------------------------------
| SHAREHOLDERS´ EQUITY                  |   |          |           |           |
--------------------------------------------------------------------------------
| Share capital                         |   |   10 103 |    10 103 |    10 103 |
--------------------------------------------------------------------------------
| Issue premium fund                    |   |    1 862 |     1 862 |     1 862 |
--------------------------------------------------------------------------------
| Other funds                           |   |    2 026 |     2 026 |     2 026 |
--------------------------------------------------------------------------------
| Reserve for invested non-restricted   |   |    5 464 |         0 |     5 464 |
| equity                                |   |          |           |           |
--------------------------------------------------------------------------------
| Exchange rate difference              |   |        0 |        76 |         0 |
--------------------------------------------------------------------------------
| Retained earnings                     |   |  -11 827 |    -5 928 |   -10 356 |
--------------------------------------------------------------------------------
| TOTAL SHAREHOLDERS´ EQUITY            |   |    7 628 |     8 139 |     9 099 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| NON-CURRENT LIABILITIES               |   |          |           |           |
--------------------------------------------------------------------------------
| Deferred tax liabilities              |   |       91 |        21 |        20 |
--------------------------------------------------------------------------------
| Provisions                            |   |      181 |       212 |       181 |
--------------------------------------------------------------------------------
| Interest-bearing liabilities          |   |   15 090 |    12 759 |    15 341 |
--------------------------------------------------------------------------------
| Other liabilities                     |   |      115 |       115 |       115 |
--------------------------------------------------------------------------------
| TOTAL NON-CURRENT LIABILITIES         |   |   15 477 |    13 107 |    15 657 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CURRENT LIABILITIES                   |   |          |           |           |
--------------------------------------------------------------------------------
| Accounts payable and other            |   |   12 952 |     9 484 |    10 695 |
| liabilities                           |   |          |           |           |
--------------------------------------------------------------------------------
| Liabilities recognised in profit or   |   |        0 |         6 |         0 |
| loss                                  |   |          |           |           |
--------------------------------------------------------------------------------
| Provisions                            |   |       91 |        46 |        91 |
--------------------------------------------------------------------------------
| Interest-bearing liabilities          |   |   10 506 |     9 065 |    10 116 |
--------------------------------------------------------------------------------
| TOTAL CURRENT LIABILITIES             |   |   23 549 |    18 661 |    20 902 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| TOTAL SHAREHOLDERS´ EQUITY AND        |   |   46 654 |    39 847 |    45 658 |
| LIABILITIES                           |   |          |           |           |
--------------------------------------------------------------------------------



CONSOLIDATED CASH FLOW STATEMENT (EUR 1000)                                     
--------------------------------------------------------------------------------
|                                       |   |     IFRS |      IFRS |      IFRS |
--------------------------------------------------------------------------------
|                                       |   | 1-3/2008 |  1-3/2007 | 1-12/2007 |
--------------------------------------------------------------------------------
| BUSINESS OPERATIONS                   |   |          |           |           |
--------------------------------------------------------------------------------
| Operating profit/loss                 |   |   -1 464 |      -919 |    -4 273 |
--------------------------------------------------------------------------------
| ADJUSTMENTS TO OPERATING PROFIT/LOSS: |   |          |           |           |
--------------------------------------------------------------------------------
| Depreciation                          |   |      937 |       875 |     3 458 |
--------------------------------------------------------------------------------
| Non-cash transactions                 |   |     -280 |         5 |        -1 |
--------------------------------------------------------------------------------
| CHANGE IN NET WORKING CAPITAL:        |   |          |           |           |
--------------------------------------------------------------------------------
| Increase/decrease in accounts and     |   |   -1 260 |       593 |    -1 903 |
| other receivables                     |   |          |           |           |
--------------------------------------------------------------------------------
| Increase/decrease in inventories      |   |      155 |      -105 |    -1 345 |
--------------------------------------------------------------------------------
| Increase/decrease in accounts and     |   |    2 696 |      -478 |       473 |
| other payables                        |   |          |           |           |
--------------------------------------------------------------------------------
| Interest paid                         |   |     -319 |      -314 |    -1 234 |
--------------------------------------------------------------------------------
| Interest received                     |   |        2 |         2 |        80 |
--------------------------------------------------------------------------------
| Dividend received                     |   |        0 |         0 |         4 |
--------------------------------------------------------------------------------
| Other financial items paid            |   |      -30 |       -31 |      -133 |
--------------------------------------------------------------------------------
| Taxes paid                            |   |        0 |         0 |        -1 |
--------------------------------------------------------------------------------
| NET CASH FLOW FROM BUSINESS           |   |      438 |      -372 |    -4 875 |
| OPERATIONS (A)                        |   |          |           |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| INVESTMENTS                           |   |          |           |           |
--------------------------------------------------------------------------------
| Purchase of tangible assets           |   |   -2 382 |      -785 |    -3 462 |
--------------------------------------------------------------------------------
| Purchase of intanbible assets         |   |       -1 |        -1 |       -91 |
--------------------------------------------------------------------------------
| Investment aid                        |   |      424 |       503 |       503 |
--------------------------------------------------------------------------------
| Sale of tangible assets               |   |      170 |         0 |         0 |
--------------------------------------------------------------------------------
| Increase/decrease of long-term        |   |        8 |         8 |        35 |
| receivables                           |   |          |           |           |
--------------------------------------------------------------------------------
| CASH FLOW FROM INVESTMENTS (B)        |   |   -1 781 |      -275 |    -3 015 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| FINANCING                             |   |          |           |           |
--------------------------------------------------------------------------------
| Share issue                           |   |        0 |         0 |     3 037 |
--------------------------------------------------------------------------------
| Increase of long-term loans           |   |      140 |     1 000 |     5 334 |
--------------------------------------------------------------------------------
| Instalments of long-term loans        |   |      -86 |      -156 |      -405 |
--------------------------------------------------------------------------------
| Increase/decrease in short-term loans |   |       70 |      -383 |     1 371 |
--------------------------------------------------------------------------------
| Instalments of finance leasing        |   |      -14 |       -12 |       -53 |
--------------------------------------------------------------------------------
| NET CASH FLOW FROM FINANCING (C)      |   |      110 |       449 |     9 283 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| INCREASE/DECREASE OF LIQUID FUNDS     |   |  - 1 233 |      -198 |     1 394 |
| (A+B+C)                               |   |          |           |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| LIQUID FUNDS ON 1 JANUARY             |   |    2 112 |       718 |       718 |
--------------------------------------------------------------------------------
| LIQUID FUNDS ON 31 MARCH              |   |      879 |       520 |     2 112 |
--------------------------------------------------------------------------------


BUSINESS SEGMENTATION                                                           

Business segmentation is not presented, as Stromsdal Group only has one business
segment.                                                                        

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (EUR 1000)                          

A = Share capital                                                               
B = Share issue                                                                 
C = Issue premium fund                                                          
D = Reserve fund 2006 / Reserve for invested non-restricted equity 2007         
E = Other funds                                                                 
F = Exchange difference                                                         
G = Retained eargings                                                           
H = Total capital and reserves                                                  


--------------------------------------------------------------------------------
|         |   A   |   B   |   C   |   D    |   E    |   F    |   G    |   H    |
--------------------------------------------------------------------------------
| SHARE-  | 10 103|     0 | 1 862 |  5 465 |  2 026 |        |-10 356 |  9 099 |
| HOLDERS´|       |       |       |        |        |        |        |        |
| EQUITY  |       |       |       |        |        |        |        |        |
| 1.1.08  |       |       |       |        |        |        |        |        |
|         |       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Share   |     - |     - |     - |        |      - |      - |      - |        |
| issue   |       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Convert |     - |     - |     - |        |      - |      - |      - |        |
| -ible   |       |       |       |        |        |        |        |        |
| bond    |       |       |       |        |        |        |        |        |
| loan    |       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Exchang |     - |     - |     - |      - |      - |        |        |        |
| e rate  |       |       |       |        |        |        |        |        |
| differ- |       |       |       |        |        |        |        |        |
| ence    |       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Net     |     - |     - |     - |      - |      - |      - | -1 471 |  -1471 |
| profit/ |       |       |       |        |        |        |        |        |
| loss    |       |       |       |        |        |        |        |        |
| for the |       |       |       |        |        |        |        |        |
| financ- |       |       |       |        |        |        |        |        |
| ial year|       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| SHARE-  | 10 103|     0 | 1 862 | 5 465  |  2 026 |      0 |-11 827 | 7 628  |
| HOLDERS´|       |       |       |        |        |        |        |        |
| EQUITY  |       |       |       |        |        |        |        |        |
| 31.3.08 |       |       |       |        |        |        |        |        |
|         |       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|         |     A |     B |     C |      D |      E |      F |      G |      H |
--------------------------------------------------------------------------------
| SHARE-  | 10 103|     0 | 1 862 |        |  2 026 |     76 | -4 663 |  9 328 |
| HOLDERS´|       |       |       |        |        |        |        |        |
| EQUITY  |       |       |       |        |        |        |        |        |
| 1.1.07  |       |       |       |        |        |        |        |        |
|         |       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Loss    |       |     - |       |        |        |      - |        |      0 |
| covered |       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Reduc-  |       |     - |     - |      - |        |      - |        |      0 |
| tion of |       |       |       |        |        |        |        |        |
| share   |       |       |       |        |        |        |        |        |
| capital |       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Share   |       |     - |       |      - |      - |      - |      - |        |
| issue   |       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Using   |       |       |     - |      - |      - |      - |      - |        |
| of      |       |       |       |        |        |        |        |        |
| share   |       |       |       |        |        |        |        |        |
| options |       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Exchang |     - |     - |     - |      - |      - |      0 |      0 |     76 |
| e rate  |       |       |       |        |        |        |        |        |
| differ- |       |       |       |        |        |        |        |        |
| ence    |       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Net     |     - |     - |     - |      - |      - |      - | -1 264 | -1 264 |
| profit/ |       |       |       |        |        |        |        |        |
| loss    |       |       |       |        |        |        |        |        |
| for the |       |       |       |        |        |        |        |        |
| financ- |       |       |       |        |        |        |        |        |
| ial year|       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| SHARE-  | 10 103|       | 1 862 |      0 |  2 026 |     76 | -5 927 | -8 139 |
| HOLDERS´|       |       |       |        |        |        |        |        |
| EQUITY  |       |       |       |        |        |        |        |        |
| 31.3.07 |       |       |       |        |        |        |        |        |
|         |       |       |       |        |        |        |        |        |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
|                                   |      |  31.3.08 |   31.3.07 |   31.12.07 |
--------------------------------------------------------------------------------
| 1. LEASING LIABILITIES (EUR 1000) |      |      107 |       102 |        107 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| 2. CONTINGENT LIABILITIES AND PLEDGES    |  31.3.08 |   31.3.07 |   31.12.07 |
| GIVEN                                    |          |           |            |
--------------------------------------------------------------------------------
| FOR GROUP´S OWN DEBT (EUR 1000)   |      |          |           |            |
--------------------------------------------------------------------------------
| Mortgages on buildings and leases |      |    5 674 |     5 674 |      5 674 |
--------------------------------------------------------------------------------
| Mortgages on company assets       |      |    7 737 |     7 737 |      7 737 |
--------------------------------------------------------------------------------
| Pledges given                     |      |   11 734 |     8 392 |     11 478 |
--------------------------------------------------------------------------------
| Pledged shares                    |      |      471 |       471 |        471 |
--------------------------------------------------------------------------------
| TOTAL                             |      |   25 616 |    22 274 |     25 360 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 3. OTHER PLEDGES GIVEN (EUR 1000) |      |  31.3.08 |   31.3.07 |   31.12.07 |
--------------------------------------------------------------------------------
| Pledged deposits                  |      |        7 |         7 |          7 |
--------------------------------------------------------------------------------
| Mortgages on company assets       |      |        0 |         0 |          0 |
--------------------------------------------------------------------------------
| TOTAL                             |      |        7 |         7 |          7 |
--------------------------------------------------------------------------------


Leases and buildings are also burdened by the ownership retention provision     
recorded by the equipment supplier. It targets equipment worth EUR 1.4 million. 

Valid bank quarantees to suppliers amount to EUR 810 thousand.                  



--------------------------------------------------------------------------------
| 4. OUTSTANDING DERIVATES CONTRACTS (EUR  |  31.3.08 |   31.3.07 |   31.12.07 |
| 1000)                                    |          |           |            |
--------------------------------------------------------------------------------
| PAR VALUE                         |      |          |           |            |
--------------------------------------------------------------------------------
| Foreign currency hedging          |      |    5 104 |     1 025 |          0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| 5. TANGIBLE ASSESTS (EUR 1000)           |   1-3/08 |    1-3/07 |    1-12/07 |
--------------------------------------------------------------------------------
| Increases                         |      |   2 382  |      786  |      3 371 |
--------------------------------------------------------------------------------
| Decreases                         |      |        0 |         0 |        -29 |
--------------------------------------------------------------------------------
| TOTAL                             |      |    2 382 |       786 |      3 342 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 6. RELATED PARTY TRANSACTIONS (EUR 1000) |   1-3/08 |    1-3/07 |    1-12/07 |
--------------------------------------------------------------------------------
| Employee benefits                        |          |           |            |
--------------------------------------------------------------------------------
| Board of Directors´remuneration   |      |       25 |        27 |        129 |
--------------------------------------------------------------------------------
| Salaries and other short term     |      |      156 |       170 |        586 |
| empolyee benefits of the          |      |          |           |            |
| management                        |      |          |           |            |
--------------------------------------------------------------------------------
| Other benefits due to notice of   |      |        0 |        18 |         32 |
| employment                        |      |          |           |            |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| KEY FIGURES                       |      |  31.3.08 |   31.3.07 |   31.12.07 |
--------------------------------------------------------------------------------
| Earnings/share, euros             |      |    -0,05 |     -0,05 |      -0,28 |
--------------------------------------------------------------------------------
| Shareholders´ equity/share, euros |      |     0,28 |      0,30 |       0,33 |
--------------------------------------------------------------------------------
| Research and development costs,   |      |     0,05 |      0,03 |       0,17 |
| Me                                |      |          |           |            |
--------------------------------------------------------------------------------
| Gross investments, Me             |      |      2,4 |       0,8 |        3,5 |
--------------------------------------------------------------------------------
| Group personnel average           |      |      202 |       208 |        213 |
--------------------------------------------------------------------------------
| Equity ratio %                    |      |    16,35 |     20,43 |       19,9 |
--------------------------------------------------------------------------------
| Current ratio                     |      |      1,1 |       0,9 |        1,0 |
--------------------------------------------------------------------------------
| Interest-bearing liabilities, Me  |      |     25,6 |      21,8 |       25,5 |
--------------------------------------------------------------------------------
| Number of shares average          |      | 27515399 |  27515399 |   27515399 |
--------------------------------------------------------------------------------
| Number of shares 31.3./31.12.     |      | 27515399 |  27515399 |   27515399 |
--------------------------------------------------------------------------------


CALCULATION OF GROUP KEY FIGURES:                                               

Earnings/share (EPS):                                                           
Profit/loss for the the financial year   	                                      
Share issue adjusted average number of shares                                   

Equity ratio:                                                                   
(Shareholders´ equity + minority interest)*100                                  
Balance sheet total - payments received in advance                              

Current ratio:                                                                  
Financial assets + inventories                                                  
Current liabilities                                                             


--------------------------------------------------------------------------------
|     | MAJOR SHAREHOLDERS                      |    Shares and |            % |
|     | 31 March 2008                           |         Votes |    of Shares |
|     |                                         |               |    and Votes |
--------------------------------------------------------------------------------
| 1   | ATINE GROUP OY                          |     7 407 406 |    26,920947 |
--------------------------------------------------------------------------------
| 2   | BALTISKA HANDELS AB                     |     3 703 704 |    13,460477 |
--------------------------------------------------------------------------------
| 3   | SUOMEN TEOLLISUUSSIJOITUS OY            |     2 500 000 |     9,085821 |
--------------------------------------------------------------------------------
| 4   | SVENSKA HANDELSBANKEN AB (PUBL),        |     2 500 000 |     9,085821 |
|     | FILIALVERKSAMHETEN I FINLAND            |               |              |
--------------------------------------------------------------------------------
| 5   | JUANKOSKEN KEHITYSMASUUNI OY            |     1 891 694 |     6,875038 |
--------------------------------------------------------------------------------
| 6   | FINNVERA OYJ                            |     1 875 000 |     6,814366 |
--------------------------------------------------------------------------------
| 7   | ENTERPACK OY                            |       698 253 |     2,537681 |
--------------------------------------------------------------------------------
| 8   | SAVON VOIMA OYJ                         |       371 600 |     1,350516 |
--------------------------------------------------------------------------------
| 9   | SELIGSON & CO PHOENIX                   |       325 060 |     1,181375 |
--------------------------------------------------------------------------------
| 10  | OKSANEN MARKKU                          |       234 837 |     0,853475 |
--------------------------------------------------------------------------------
| 11  | YLITALO JUKKA                           |       222 222 |     0,807628 |
--------------------------------------------------------------------------------
| 12  | FORCERA OY                              |       126 561 |     0,459964 |
--------------------------------------------------------------------------------
| 13  | VIRALA OY AB                            |       115 042 |     0,418100 |
--------------------------------------------------------------------------------
| 14  | KARGOL OY AB                            |       112 743 |     0,409745 |
--------------------------------------------------------------------------------
| 15  | ÅBACKA MIKAEL LEIF ERIK                 |       111 111 |     0,403814 |
--------------------------------------------------------------------------------
| 16  | PELTOKANGAS RAIMO                       |       109 000 |     0,396142 |
--------------------------------------------------------------------------------
| 17  | MOLIN LEO                               |        90 000 |     0,327090 |
--------------------------------------------------------------------------------
| 18  | SALMINEN URPO                           |        86 100 |     0,312916 |
--------------------------------------------------------------------------------
| 19  | JYLHÄ TAPIO ILMARI                      |        80 000 |     0,290746 |
--------------------------------------------------------------------------------
| 20  | SALONAHO LARS HARRY                     |        80 000 |     0,290746 |
--------------------------------------------------------------------------------
|     | Total                                   |    22 640 333 |    82,282410 |
--------------------------------------------------------------------------------
|     | Shares issued total                     |    27 515 399 |              |
--------------------------------------------------------------------------------



The interim report has been prepared in accordance with the requirements of IAS 
34, Interim Financial Reporting.                                                

The accounting policies for the interim report are compatible with those for the
financial statements prepared on 31 December 2007.                              

The consolidated reconciliations include the subsidiary Juantehtaan Ympäristö Oy
and the associated companies Koillis-Savon Ympäristöhuolto Oy and Juankosken    
Biolämpö Oy.                                                                    

The above figure have not been audited.                                         

The above figures have been rounded and may therefor differ from those given in 
the official financial statements.                                              



STROMSDAL CORPORATION                                                           
Board of Directors                                                              



For further information, please contact:                                        
Mikael Åbacka, Mananing Director                                                
Tel. +358 400 737 452                                                           
mikael.abacka@stromsdal.fi                                                      


DISTRIBUTION                                                                    
Helsinki Stock Exchange                                                         
Main media                                                                      
www.stromsdal.com                                                               


STROMSDAL is a forest based industry company and its board mill is located in   
Juankoski, Finland. Stromsdal's sales and customer service network covers more  
than 30 countries, mainly in Europe.                                            

For demanding printing jobs Stromsdal offers its customers premium-quality      
graphical boards - GraphiArt Duo and GraphiArt Pro - with excellent combination 
of printability, brightness and stiffness. For food-packaging Stromsdal offers  
its speciality environmentally friendly product - Tecta - a dispersion coated   
barrier board, which is 100 per cent plastic-free, bio degradable and fully     
recyclable.                                                                     

Stromsdal's shares are listed on the Small Cap segment of the Helsinki Stock    
Exchange (OMX Nordic Exchange Helsinki Oy) under the company code STM1V.        

STROMSDAL CORPORATION                                                           
Juankoskentie 7 A, P.O.Box 33, FI-73501 Juankoski                               
Tel. +358 17 688 641, Fax +358 17 612 008                                       
www.stromsdal.com