Tulikivi Corporation Heikki Vauhkonen 2008

Consolidated Income Statement, Summary MEUR 01-09/2008 01-09/2007 Change, % Sales 48.2 53.1 -9.2 Operating profit 1.9 2.0 -0.9 Percentage of sales 4.0 3.7 Profit before income tax 1.2 1.4 -13.4 Percentage of sales 2.5 2.6 Profit for the period 0.9 1.0

Key Figures 09/2008 09/2007 Outstanding orders (30 Sept. ), MEUR 7.2 7.9 Gross investments, MEUR 1.8 4.2 Gross investments, % of sales 3.6 8.0 Average number of staff 569 713 Earnings per share, EUR 0.02 0.03 Equity per share, EUR 0.72 0.76 Equity ratio, % 43.5 42.3 Current ratio 1.7 1.6 Number of shares average 37140677 37143970 Number of shares, 30 Sept. 37111366 37143970

Consolidated Balance Sheet MEUR 09/2008 09/2007 Assets Total non-current assets 37.9 40.6 Total current assets 23.7 26.4 Total assets 61.6 67.0 Equity and liabilities Equity Share capital 6.3 6.3 Total non-current liabilities 21.1 22.6 Total current liabilities 13.7 16.1 Total equity and liabilities 61.6 67.0

Consolidated Cash Flow Statement 01-09/2008 01-09/2007 Cash flows from operating activities Profit for the period 0.9 1.0 Adjustments: Non-cash transactions 4.1 4.1 Interest expenses and income and taxes 1.0 0.9 Change in working capital -1.4 -5.4 Interest paid and received and taxes paid -1.3 -1.7 Net cash flow from operating activities 3.3 -1.1 Cash flows from investing activities Investments in property, plant and equipment and intangible assets -1.8 -4.7 Grants received for investments and sales of property, plant and equipment 0.1 0.2 Loans granted 0.0 Net cash flow from investing activities -1.7 -4.5 Cash flows from financing activities Proceeds from borrowings 3.0 8.9 Repayment of borrowings -2.7 -1.6 Dividends paid -1.7 -3.4 Net cash flow from financing activities -1.4 3.9 Change in cash and cash equivalents 0.2 -1.7 Cash and cash equivalents at beginning of period 3.8 4.9 Cash and cash equivalents at end of period 4.0 3.2 MEUR

Thank you! Tulikivi Corporation 83900 JUUKA Tel. +358 (0) 207 636 000 www.tulikivi.com