TAMFELT CORP. STOCK EXCHANGE RELEASE, August 15, 2008 at 10.45 a.m. 1(1) REIMA KERTTULA TO BECOME TAMFELT´S PRESIDENT & CEO On August 14, 2008, the Board of Directors of Tamfelt Corp. appointed M.Sc. (Eng.) Reima Kerttula, 53, as Tamfelt's new President & CEO. He will take up his new role on January 1, 2009. Reima Kerttula is presently working at Metso Paper as Senior Vice President, Paper and Board Machines and as Plant Manager of the Metso's Rautpohja plant. Tamfelt's current President & CEO Jyrki Nuutila will retire on January 1, 2009, according to an earlier agreement, having turned 60 in spring 2008. Reima Kerttula has served Metso and its predecessor companies since 1982. He has wide experience in various responsibilities and managerial jobs in the paper machine business in Finland and abroad, including six years as Senior Vice President, Technology at Metso Paper. Reima Kerttula is also a member of the Senate of the University of Jyväskylä. Tamfelt Corp. Board of Directors Anne Paloheimo-Seppänen Communications Manager More information can be given by Chairman Mikael von Frenckell on August 15, 2008 between 12.00 and 13.00 a.m., tel. +358 500 800 494 Tamfelt is a world-leading supplier of technical textiles. The company's main products are clothing products for the paper and pulp as well as mining and chemical industries. The Group employs about 1,500 people and its net sales in 2007 were 167.5 million euro. Founded in 1797, the company is one of the pioneers of Finnish industry.