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FISKARS TO CHANGE THE ACCOUNTING ESTIMATE FOR STANDING TIMBER, REDUCING FAIR VALUE BY EUR 3 MILLION

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Fiskars Corp.      Stock Exchange Release December 11, 2008 at 8.35 a.m.        


FISKARS TO CHANGE THE ACCOUNTING ESTIMATE FOR STANDING TIMBER, REDUCING FAIR    
VALUE BY EUR 3 MILLION                                                          

Fiskars will change the accounting estimate used for valuing its biological     
assets (i.e. standing timber). Currently, Fiskars uses a one-month average price
for measuring the fair value of standing timber. This will be changed to a      
three-year rolling average price, reflecting the stable nature of the asset.    

Following the change, the fair value of Fiskars standing timber in 2008 will be 
reduced by approximately EUR 3 million and the reduction is booked against the  
result in the last quarter of the year.                                         

For further information, please contact:                                        
CEO Kari Kauniskangas, tel. +358 9 6188 6222                                    
CFO Teemu Kangas-Kärki, tel. +358 9 6188 6231                                   


FISKARS CORPORATION                                                             

Kari Kauniskangas                                                               
President & CEO                                                                 

Founded in 1649, Fiskars is a leading supplier of branded consumer goods.       
Fiskars business areas are Garden, Homeware, Craft, Outdoor Recreation, Inha    
Works, and the Real Estate Group. Its major international brands are Fiskars,   
Iittala, Gerber, Silva, and Buster. The associated company Wärtsilä Corporation 
is also an important part of the Corporation. Fiskars business segments are the 
Americas, EMEA, Wärtsilä, and Other. Fiskars shares are quoted on NASDAQ OMX    
Helsinki Ltd. In 2007, the Fiskars Corporation net sales were EUR 658 million,  
the operating profit EUR 110 million and the Corporation employed some 4,500    
people.                                                                         

www.fiskars.fi

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