
Stock exchange release
June 14, 2005
ACCELERATED BOOKBUILT OFFERING OF WÄRTSILÄ SHARES BY FISKARS COMPLETED
Fiskars Corporation STOCK EXCHANGE RELEASE June 14, 2005, 3.15 p.m. ACCELERATED BOOKBUILT OFFERING OF WÄRTSILÄ SHARES BY FISKARS COMPLETED Fiskars Corporation has succesfully completed the accelerated bookbuilt offering of 4,000,000 Wärtsilä B-shares. The shares were sold at a price of EUR 23.70 per share. Following the placement, Fiskars will hold 7,482,300 A-shares and 7,165,800 B- shares of Wärtsilä, representing 26.9% of votes and 15.8% of shares outstanding. Fiskars has undertaken to Enskilda Securities not to sell any further shares until publication of Wärtsilä's results of the third quarter without the consent of Enskilda Securities, bookrunner for the offering. The realized sale will not change nature of Fiskars' long-term ownership in Wärtsilä nor its engagement to develop Wärtsilä's business. Fiskars will continue to consolidate Wärtsilä as an associated company. After the sale the market value of the ownership is approximately EUR 350 million. Fiskars will receive a total of approximately EUR 95 million from the sale and Fiskars Corporation will book approximately a profit of EUR 45 million during the second quarter of 2005. The shareholders equity will increase with slightly over EUR 35 million. Heikki Allonen President and CEO