TULIKIVI CORPORATION CONCLUDES CODETERMINATION NEGOTIATIONS

Tulikivi Corporation has concluded the codetermination negotiations that were   
carried out in order to balance out fluctuations in demand affecting the        
company's soapstone production. The negotiations concerned Tulikivi             
Corporation's soapstone production and quarrying.                               

The negotiations settled on layoffs at Tulikivi Corporation's plants and quarry 
in Juuka. The layoffs will last 2-4 weeks and are scheduled for the period from 
October to January.                                                             

The primary cause of the variations in demand that led to the codetermination   
negotiations is the sedateness of the German market, which is evident in the    
decline in exports of both fireplaces and lining stones.                        

A listed family company, Tulikivi Corporation and its subsidiaries form the     
Tulikivi Group, the world's largest manufacturer of heat-retaining fireplaces.  
The Group is known for its Tulikivi soapstone fireplaces and natural stone      
products as well as its Kermansavi tiled stoves and utility ceramics. The       
Group's revenue amounts to over EUR 80 million, about half of which is accounted
for by exports. The Group owns seven production plants and employs more than 700
people.                                                                         

www.tulikivi.com                                                                

TULIKIVI CORPORATION                                                            

Heikki Vauhkonen                                                                
Managing Director                                                               

Distribution: Helsinki Stock Exchange and Central Media                         
www.tulikivi.com                                                                

Additional information: Managing Director Heikki Vauhkonen, tel.+358 207 636 555