STOCK EXCHANGE NOTICE October 24, 2007 Shimano (Singapore) Pte Ltd's 889 680 new shares of Rapala VMC Corporation (Rapala) have been subscribed. The share capital increase EUR 80 071.20 corresponding to the subscription has been registered in the Trade Register on October 24, 2007. The new shares will be listed as a new class of shares (RAP1VN0107) on the stock exchange list of OMX Nordic Exchange Helsinki on or about October 25, 2007. The shares grant its holders the same rights as the already listed Rapala shares as from the registration date, except that these new shares will not give right to dividend paid from financial year 2007 and there is a lock-up period of 12 months. The new class of shares shall be combined to the old class of shares as soon as the difference regarding the right to dividend between the classes no longer exists, i.e. October 24, 2008. As a result of the share capital increase, the Rapala's share capital is EUR 3 552 160.41 and the total number of outstanding shares after the issue is 39 468 449. RAPALA VMC CORPORATION Jorma Kasslin Chief Executive Officer For further information: Company Counsel Olli Aho, tel +358 9 8562 540 DISTRIBUTION Helsinki Stock Exchange Main media Rapala VMC Corporation is a leading fishing tackle company and the global market leader in the fishing lures, treble hooks and fishing related knives and tools. The Group also has a strong global position in other fishing categories. The Group has its own distribution companies in all the main markets and the largest distribution network in the industry. The main manufacturing facilities are located in Finland, France, Estonia and China. The Group brand portfolio includes the leading brand in the industry, Rapala, and other global brands like VMC, Storm, Blue Fox, Luhr Jensen, Williamson and Marttiini. The Group, with net sales of EUR 227 million in 2006, employs more than 4 000 people in 29 countries.