FISKARS ACQUIRES IITTALA GROUP                                                  
The acquisition results in a strong European house of branded goods and design  

Press conference at 10.00 a.m. on June 29, 2007 at Design Forum Finland         
(Erottajankatu 7, Helsinki).                                                    

Fiskars Corporation has signed an agreement to acquire the homeware design      
company Iittala Group Plc from the private equity company ABN AMRO Capital, the 
company's management and other private shareholders.                            

The debt-free price for Iittala, which will be finally determined at closing    
estimated to take place at the end of August, will be approximately EUR 230     
The enterprise value corresponds to a price per share which is in the middle of 
the pricing range of the withdrawn IPO earlier this year. The top management of 
Iittala will retain a holding of about three percent in Iittala. Fiskars has the
right to purchase the shares later. The closing of the transaction is subject to
approval by the competition authorities.                                        
The net sales of Iittala Group in 2006 were approximately EUR 190 million, and
EUR 490 million for Fiskars consumer products operations, Fiskars Brands. The   
Housewares division represented 9% of the net sales for Fiskars Brands. The     
operating profit of the Iittala Group in 2006 amounted to approximately EUR 17  
million and the profitability of the Housewares division of Fiskars Brands was  
also good.                                                                      

Iittala Group will form a new European operation within Fiskars Corporation     
alongside Fiskars Brands. The aim is to pursue synergies by consolidating       
certain parts of the Housewares division of Fiskars Brands into Iittala Group   
where the market areas are shared. Synergy effects will follow in the next two  
to three years and are thereafter expected to reach EUR 5 million annually.     
Fiskars expects that the acquisition will have a positive effect on the earnings
per share during 2008. Fiskars Brands consumer products operations will in the  
future mainly consist of the three divisions: Garden, Craft, and Outdoor        

Tero Vähäkylä will continue as the CEO of the Iittala Group, and Fiskars        
Corporation President and CEO Heikki Allonen will become the chairman the       
Iittala Board of Directors. Iittala Group will continue to employ its existing  

The transaction will even out the seasonal fluctuation of sales and profits for 
Fiskars Corporation, as spring is the important garden season for Fiskars       
Brands, crafts products mostly sell in early to mid summer, while sales and     
profits for the Iittala Group tend to concentrate towards the end of the year.  

The acquisition of Iittala Group will strengthen Fiskars and make it a leading  
housewares company especially in the Nordic region. Through the transaction,    
Fiskars will increase its brand portfolio by some of the most prestigious brands
in Finland, Sweden and Norway; including Iittala, Arabia, Hackman, Rörstrand,   
Höganäs Keramik, BodaNova and Høyang-Polaris. This selection will be added to by
Raadvad, the Danish brand of Fiskars. Fiskars will also expand its knowledge of 
retail and widen its distribution in the Nordic countries through the Iittala   
Group's wide network of stores.                                                 

‘The acquisition of Iittala Group is a logical step in our strategy, which looks
for growth in areas that suit us and our brand portfolio naturally. The         
transaction strengthens our position as a corporation with deep European roots  
specializing in design and branded goods. Iittala Group is an interesting and   
growing company with products and know-how that complement our own. Fiskars and 
the Iittala Group have surprisingly few overlapping operations. Instead, we will
have synergy effects in, for instance, sales, distribution, and the purchase of 
supplies - all areas where we see a lot of opportunities for cooperation,' says 
Heikki Allonen, Fiskars Corporation President and CEO.                          

‘The transaction is positive and very suitable for the Iittala Group. Like      
Iittala, Fiskars has a long tradition of Finnish design, as well as  brand      
management skills and is a truly international company. Furthermore the         
company's strong balance sheet makes it possible to develop the operations. I am
convinced that Fiskars' wide distribution, sales and supply chain network will  
give us a stronger base to continue our internationalization  strategy,'        
comments Tero Vähäkylä, CEO of the Iittala Group.                               

Advium Corporate Finance, eQBank Ltd. acted as financial advisor to Fiskars in  
the transaction.                                                                

Heikki Allonen                                                                  
CEO and President                                                               

For more information:                                                           

Fiskars Corporation President and CEO: Heikki Allonen,                          
phone +358-400-42 1234                                                                                                                   

Iittala Group Plc CEO: Tero Vähäkylä,                                           
phone +358-40-730 2426                                                                                                                  

Pictures are available at                       
username: press                                                                 
password: summer                                                                

Founded in 1649, Fiskars is an international corporation which includes the     
subsidiaries Fiskars Brands, Inha Works, and the Real Estate Group. Fiskars     
holdings in associated company Wärtsilä is also an important part of Fiskars    
Corporation. In 2006, the net sales of Fiskars Corporation was EUR 535 million, 
its operating profit EUR 86 million. The Corporation employed some 3,000 people 
around the world. Globally, the Corporation's best known products are its       
orange-handled scissors and its garden tools.                                   

Iittala Group is a leading homeware design company, and offers a wide range of  
products representing the best in modern Scandinavian design. The Group operates
through brands such as Iittala, its leading brand; Arabia; Hackman; BodaNova;   
Höganäs Keramik; Rörstrand  and Høyang-Polaris. In 2006, Iittala Group had a    
turnover of EUR 190 million, and employed 1,353 people as of the end of the