CONVEYANCE OF KYRO CORPORATION?S OWN SH


 Kyro Corporation  STOCK EXCHANGE RELEASE   20.01.2003 at 05.30 pm
 
 
 CONVEYANCE OF KYRO CORPORATION’S OWN SHARES
 
 Kyro Corporation has conveyed the company’s own shares as partial
 consideration in a business acquisition, where Kyro Corporation,
 purchases all the shares of Z. Bavelloni Immobiliare S.p.A.
 
 The conveyance is based on the authorisation given by Kyro
 Corporation’s Annual General Meeting, held on 20 March 2002. A
 separate stock exchange release concerning the acquisition has been
 issued as of this date.
 
 The valuation of the conveyed shares is 5.97 euros per share based
 on the acquisition agreement being the share price under the day of
 signing. The conveyed shares amount to 3.0 % of all Kyro shares.
 
 Conveyance of the company’s own shares:
 
 Date:                20.1.2003
 Trading:             Conveyance outside public trading
 Share:               KRO1V
 Combined value:      EUR 7,000,000
 Share amount:        1,172,533
 Share price:         EUR 5.97
 
 The amount of own shares held by Kyro Corporation after the
 conveyance is 248,292.
 
 Additional:          CFO Veli Kronqvist, 358-400-838 140
 Information
 
 Investor Relations:  Kyro Corporation, Mr. Mika Nevalainen,
                      VP, Corporate Communications,
                      +358 400 882 024, IR pages at the Internet
                      address www.kyro.fi
 
 Distribution:        The Helsinki Stock Exchange
                      Key media
 
 

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