DECISIONS OF THE ANNUAL GENERAL MEETING

KYRO CORPORATION        STOCK EXCHANGE BULLETIN       19 March
2003 07.00 pm

DECISIONS OF THE ANNUAL GENERAL MEETING ON 19 MARCH, 2003

The Annual General Meeting of Kyro Corporation held on 19 March,
2003 decided on the matters pertaining to the Annual General
Meeting under article 14 of the Articles of Association. The
Annual General Meeting  approved the financial statements for
2002 and released the Board of Directors and the President from
liability for the fiscal year.

The Annual General Meeting carried the Board of Directors´
proposal to pay a dividend of EUR 0.15 per share totalling EUR
5,914,006. The dividend will be paid to shareholders who are
registered on 24 March, 2003 in the company´s shareholder
register maintained by the Central Securities Deposity Ltd. The
dividend will be paid on 31 March, 2003.

The members of the present Board of Directors were elected in the
shareholders’ meeting held in 22 November 2000 and they are Lauri
Fontell, Lars Hammarén, Carl-Olaf Homén, Barbro Koljonen, Carl-
Johan Numelin, Carl-Johan Rosenbröijer, Christer Sumelius ja
Gerhard Wendt. The term of office for the members of the Board of
Directors is 2001-2004.

Lauri Fontell adviced the company on 10 March, 2003 of his wish
to resign from the Board of Directors of Kyro Corporation before
the term of office. The Annual General Meeting elected Heikki
Mairinoja, M.Sc.(Eng) and M.Sc.(Econ)  as a member of the Board
of Directors for the remaining term of office.

Carl-Johan Numelin was elected in the meeting of the Board of
Directors held in 19 March, 2003 as Chairman of the Board of
Directors and Christer Sumelius as Vice Chairman. In the Annual
General Meeting held on 19 March 2003 KPMG Wideri Oy Ab was
elected as the auditor of Kyro Corporation.

The Annual General Meeting authorised the Board of Directors to
acquire the company’s own shares for the purpose of using them as
consideration in possible acquisitions, to finance investments,
or in other industrial arrangements, or to be conveyed in other
ways, or to be invalidated.

According to the authorisation the Board of Directors may acquire
the company's own shares using assets available for distribution
of profits, provided that the combined nominal value of the
acquired shares together with any shares already in the
possession of the company corresponds to a maximum of 5 per cent
of the company’s total share capital at the moment of
acquisition. According to the authorisation the Board of
Directors may decide on the manner and scope of the acquisition
of the company’s own shares.

The company’s own shares may be acquired in accordance with a
decision of the Board of Directors either through a purchase
offer made to all shareholders on equal terms in proportion to
their shareholdings and at the same price determined by the Board
of Directors, or in a manner other than in proportion to the
holdings of shareholders, through public trading on the Helsinki
Exchanges at the market price of the shares at the time of the
acquisition.

The Annual General Meeting authorised the Board of Directors to
decide on the conveyance of the company’s own shares. The own
shares may be used as consideration in possible business
acquisitions, to finance investments and in other industrial
arrangements in a way and scope determined by the Board of
Directors. The own shares may be conveyed as consideration of
remuneration for the members of the Board. The own shares may
also be conveyed through public trading on the Helsinki
Exchanges, but not through a negotiated deal unless the shares
are conveyed as consideration in business acquisitions,
investments or other industrial arrangements.

The shares may be conveyed at least at the market value of the
shares at the time of conveyance. The shares may also be conveyed
against other compensation than money.

The authorisation to acquire and convey the company’s own shares
is valid for a period of one year beginning from the decision of
the Annual General Meeting on 19 March, 2003. The authorisations
given to the Board of Directors at the Annual General Meeting on
20 March, 2002 to acquire and convey the Company's own shares,
were cancelled.



Further information:    Chief Finanfial Officer, Veli Kronqvist,
                        Tel. +358-400-838 140

Investor relations:     Vice President, Corporate Communications,
                        Mika Nevalainen, Tel. +358-400-882 024

Distribution:           Helsinki Stock Exchange
                        Principal Media


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