Helsinki Stock Exchnage Press release, January 31, 2007 Metso, Finnair and Lännen Tehtaat winners in Company Disclosure and Financial Reports 2006 evaluation Metso Oyj won the category for Large Cap companies in the Company Disclosure and Financial Reports 2006 evaluation. Finnair Plc was best in the category for Mid Cap companies. The winner among the Small Cap companies was Lännen Tehtaat Plc. Other recognized companies were Sampo Oyj, Outokumpu Oyj, Lassila&Tikanoja Plc, Aspo Plc, Incap Corporation and Okmetic Oyj. The Company Disclosure and Financial Reports evaluation, organized by the Helsinki Stock Exchange and the Helsingin Sanomat newspaper, evaluated the financial reports and stock exchange disclosures of listed companies, especially from the viewpoint of investors. The contest aims to promote open and consistent disclosure of information and to enhance the quality of communication. The evaluation categories in 2006 were divided into Large Cap, Mid Cap and Small Cap companies. This follows the segments on the Nordic Exchange. Forty-four listed companies participated in the 2006 contest, eighteen in the Large Cap category, fifteen in the Mid Cap category and thirteen in the Small Cap category. Large Cap companies Metso won the Large Cap category. The company excelled in all areas evaluated. Metso reported especially well on its strategy, market position and competitive situation. The report on sustainable development also stood out. The most significant improvement compared to last year's competition was in the regular and ongoing disclosure of information, where the reporting of received orders can be highlighted as a good example of the latter. Sampo came second in this category. The company's reporting was, taken as a whole, clear and extensive and, from time to time, it even surprised the reader with the richness of the information provided. As an example of its strengths, the description of acquisitions and the presentation of financial instruments were remarkably good. Outokumpu was ranked third in this category. The company's segment reporting continues to be exemplary, both extensive and clear. Profit risk factors were also well reported. Issues related to management remuneration were described appropriately. Mid Cap companies Finnair won this category. Finnair excelled in all areas evaluated, with segment reporting as one of its strongest areas. Other strengths included extensive representation of business risks and financial reporting. Second in the Mid Cap category was Lassila & Tikanoja. The company's annual report was, once again, easy to read and extensive. Among the company's many strengths can be mentioned clear descriptions regarding corporate governance and the company's share and ownership information. Aspo took third place in this category. Aspo's annual report serves the reader with its ease of use and clear industry descriptions. Other strengths included clear descriptions on acquisitions and the transparency of management remuneration. Small Cap companies The winner of the Small Cap category was Lännen Tehtaat who was very successful in all aspects of the evaluation. Especially good were the clear descriptions on acquisitions and the basis of depreciations. Incap was ranked second. The company's corporate governance reporting was one of the best in the category. Other examples of the company's strengths included good business and strategy descriptions. Third in the category was Okmetic. Okmetic also succeeded well in corporate governance reporting. In addition to this, the regular and ongoing disclosure of information was very good. Evaluation Board The Chairman of the Board for this year's evaluation was Professor Pontus Troberg (Helsinki School of Economics). The other Board members included: Portfolio Manager Hannu Angervuo (Fides Asset Management Oy), Managing Director Klaus Grönbärj (Hartwall Capital Oy Ab), Managing Director Timo Löyttyniemi (The State Pension Fund), Senior Advisor Päivi Räty (Confederation of Finnish Industries), Head of the Financial Editorial Team Teija Sutinen (Helsingin Sanomat) and President Jouni Torasvirta (Helsinki Stock Exchange). "The differences between the top three companies in all competition categories were not that significant, but it is worthwhile noting that Metso placed clearly as number one in the Large Cap category. The transfer to mandatory application of IFRS is obviously reflected in the financial reporting for 2005 and 2006. Reporting of business acquisitions and the consequential allocation of purchase price to both tangible and intangible assets is satisfactory. Segment reporting is, however, deficient in many companies. Disclosure of management remuneration is not up to standard in all companies. The division of the CEO's remuneration into salary and bonuses should be made clearer," says professor Pontus Troberg, Chairman of the competition board. For further information, please contact: Pontus Troberg, Professor, Helsinki School of Economics +358 9 43 131 Jouni Torasvirta, President, Helsinki Stock Exchange +358 9 6166 7280
Metso, Finnair and Lännen Tehtaat winners in Company Disclosure and Financial Reports 2006 evaluatio
| Source: Helsinki Stock Exchange