CONVEYANCE OF KYRO CORPORATION?S OWN SH


 Kyro Corporation  STOCK EXCHANGE RELEASE   07.01.2003 at 09.00 am
 
 
 CONVEYANCE OF KYRO CORPORATION’S OWN SHARES
 
 Kyro Corporation has conveyed the company’s own shares as partial
 consideration in a business acquisition, where the subsidiary of
 Kyro Corporation, Tamglass Ltd. Oy, purchases 70 % of the shares of
 Suomen Lämpölasi Oy.
 
 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 in accordance with the
 acquisition agreement is based on the average trading price during
 22.12.2002 – 3.1.2003. The conveyed shares amount to x.x % of all
 Kyro shares.
 
 Conveyance of the company’s own shares:
 
 Date:                7.1.2003
 Trading:             Conveyance outside public trading
 Share:               KRO1V
 Combined value:      EUR 400.000
 Share amount:        63 005
 Share price:         EUR 6.34
 
 The amount of own shares held by Kyro Corporation after the
 conveyance is 1.420.825.
 
 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
                      Central media
 
 

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