SUBSCRIPTION OF FISKARS CORPORATION CAPITAL LOAN 2004

SUBSCRIPTION OF FISKARS CORPORATION CAPITAL LOAN 2004

The Board of Directors of Fiskars Corporation resolved the amount of the capital
loan directed to shareholders to be EUR 45,110,000.

The preliminary maximum amount of the loan, EUR 30,000,000, was oversubscribed.
More than 1600 shareholders subscribed for the loan. The Board of Directors of
Fiskars Corporation increased the maximum amount of the loan in accordance with
the terms and conditions of the loan so that the shareholders who made a
subscription will receive the full amount subscribed by them, however not more
than the amount to which they are entitled according to the terms and conditions
of the loan.

The loan will be dated and issued on December 17, 2004. An application has been
made to have the loan listed on the Main List of the Helsinki Stock Exchange so
that the quotation will start on or about December 23, 2004.

Heikki Allonen
President and CEO