FISKARS BOARD OF DIRECTORS PROPOSES EXTRA DIVIDEND AND BONUS SHARE ISSUE

FISKARS BOARD OF DIRECTORS PROPOSES EXTRA DIVIDEND AND BONUS SHARE
ISSUE

The Board has decided to convene an Extraordinary General Meeting for
December 3, 2004.

The Board of Directors of Fiskars Corporation will propose to the EGM
the payment of an extra dividend of EUR 1.00 per A-share and EUR 0.98
per K-share. The Board will also propose a bonus issue in which two
new A-shares will be issued for each five existing A-shares and two
new K-shares for each five existing K-shares.

The following matters will be put before the EGM:

(1) Proposal concerning extra dividend
The Board proposes that, based on the approved balance sheet for the
financial year that ended on December 31, 2003, an extra dividend of
EUR 1.00 per each A-share and EUR 0.98 per each K-share be distributed
in addition to the dividend (EUR 0.31 per A-share and EUR 0.29 per K-
share) decided by the Annual General Meeting on March 16, 2004.

Should the EGM approve the Board’s proposal to pay extra dividend, the
dividend will be paid to the shareholders listed at the record date,
December 9, 2004, in the shareholder register maintained by Finnish
Central Securities Depository. The Board proposes that the extra
dividend be paid on December 17, 2004.

(2) Proposal concerning bonus issue
The Board of Directors proposes that the company’s share capital be
increased from EUR 55,364,430 to EUR 77,510,200 through a bonus share
issue.

Under the bonus issue, two (2) new A-shares will be issued for each
five (5) existing A-shares and two (2) new K-shares will be issued for
each five (5) existing K-shares, i.e. altogether 15,698,426 new A-
shares and 6,447,344 new K-shares. The calculatory nominal value of
each share is EUR 1.00/share.

The right to receive new shares under the bonus issue shall belong to
the shareholders listed in the company’s shareholder register at the
record date. The record date is December 9, 2004.

The new shares will be entered directly in the book-entry account of
the shareholder on or about December 10, 2004 provided that the
increase in share capital has been entered in the Trade Register.

The new shares carry full dividend rights for the financial year
beginning January 1, 2004 but thus not for the extra dividend for the
financial year 2003 that is proposed to the EGM above. The shares will
carry the other shareholder rights in the company from the date of
registration of the increase of share capital.

(3) Proposal concerning the sale of shares not transferred to book-
entry securities system

The Board proposes that the shares on a common book-entry securities
account, consisting of shares not transferred to the book-entry
securities system as well as of shares that have not been claimed in
the bonus issues of 1995 and 1999, in total 33,102 A-shares and 8,766
K-shares, be sold for the account of their owners.

Summons to Extraordinary General Meeting:

The summons to the Extraordinary General Meeting will be published in
the newspapers Helsingin Sanomat, Hufvudstadsbladet and Västra Nyland
on 16 November 2004 and on Fiskars Corporation’s internet website
www.fiskars.fi.

Heikki Allonen
President & CEO

ANNEXES 3 pcs
Board of Directors’ proposals to the extraordinary general meeting in
full

ANNEX 1

PROPOSAL TO THE EXTRAORDINARY GENERAL MEETING ON AN EXTRA DIVIDEND
DISTRIBUTION

At the end of the financial year 2003, the distributable consolidated
equity amounted to EUR 261.3 million. The distributable equity of the
Parent Company was EUR 258.6 million.

On March 16, 2004, the Annual General Meeting decided to pay a
dividend for the financial year 2003 of EUR 0.31 per A-share and EUR
0.29 per K-share. For 2003, a total dividend of EUR 16,811,844.02 has
been paid.

The Board of Directors proposes to the Extraordinary General Meeting
convened for December 3, 2003 that an extra dividend of EUR 1.00/A-
share and EUR 0.98/K-share be distributed for the financial year that
ended on December 31, 2003. The dividend will be paid to shareholders
registered at December 9, 2004 in the company’s shareholder register
maintained by Finnish Central Securities Depository Ltd. The Board
proposes that the dividend be paid on December 17, 2004.

ANNEX 2

PROPOSAL TO THE EXTRAORDINARY GENERAL MEETING CONCERNING BONUS ISSUE

The Board of Directors of Fiskars Corporation proposes to the
Extraordinary General Meeting convened for December 3, 2004 that the
company’s share capital be increased by means of a bonus issue of
shares from EUR 55,364,430 to EUR 77,510,200 by transferring the sum
of EUR 21,280,696.40 from the share premium fund and EUR 865,073.60
from the revaluation reserve to the share capital under the following
terms and conditions:

New shares
Under the bonus issue 15,698,426 new A-shares and 6,447,344 new K-
shares will be issued. The calculatory nominal value of the shares is
EUR 1.00/share.

Right to new shares
The right to receive new shares to be issued in the bonus issue
belongs to shareholders who are listed in the company’s shareholder
register at the record date.

Record date
The record date is December 9, 2004.

Issue of new shares
Under the bonus issue, two (2) new A-shares will be issued for each
five (5) existing A-shares and two (2) new K-shares for each five (5)
existing K-shares. The new shares will be entered directly in the book-
entry account of the shareholder on or about December 10, 2004
provided that the increase in share capital has been entered in the
Trade Register.

Shareholder rights
The new shares carry full dividend rights for the financial year
beginning January 1, 2004. The shares will carry the other shareholder
rights in the company from the date of registration of the increase in
share capital.

Sale of non-divisible subscription rights
A number of subscription rights that is wholly divisible by the number
required for subscription will be given to shareholders. Fiskars
Corporation will, in accordance with Section 16 of Chapter 3a of the
Finnish Companies Act, sell the remainder of the subscription rights
in public trading for the account of the shareholders and pay the
shareholders the monetary consideration obtained from the sale on or
about December 17, 2004.

Other matters
The Board of Directors of Fiskars Corporation will decide on other
matters related to the bonus issue and any resulting practical
measures.

ANNEX 3

PROPOSAL TO THE EGM CONCERNING SALE OF SHARES NOT TRANSFERRED TO THE
BOOK-ENTRY SYSTEM

The Board of Directors of Fiskars Corporation proposes to the
Extraordinary General Meeting convened for December 3, 2004 that it
decide to sell the shares on a common book-entry securities account,
consisting of shares not transferred to the book-entry securities
system as well as of shares that have not been claimed in the bonus
issues of 1995 and 1999, in total 33,102 A-shares and 8,766 K-shares,
for the account of their owners who have not submitted their share
certificates for registration of their titles in the book-entry
register. The Board of Directors further proposes that the Board of
Directors be authorized to undertake all the necessary measures
relating to the notification of the decision, sale and transfer of the
shares, and depositing and transfer of the funds obtained from the
sale in accordance with the Companies Act and other relevant
regulations.