DECISIONS OF THE ANNUAL GENERAL MEETING

KYRO CORPORATION   STOCK EXCHANGE RELEASE 17 March 2004 07.00 pm

DECISIONS OF THE ANNUAL GENERAL MEETING ON 17 MARCH, 2004

The Annual General Meeting of Kyro Corporation held on 17 March,
2004 decided on the matters pertaining to the Annual General
Meeting under article 14 of the Articles of Association. The
meeting approved the financial statements for 2003 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 and extra
dividend of EUR 0.15 per share totalling EUR 11,9 million. The
dividend will be paid to shareholders who are registered on 22
March, 2004 in the company's shareholder register maintained by
the Central Securities Deposity Ltd. The dividend will be paid on
29 March, 2004.

The number of the Board of Directors for the term of office of
three years was decided to be seven members. From the previous
Board of Directors were elected Lars Hammarén, Barbro Koljonen,
Heikki Mairinoja, Carl-Johan Numelin, Carl-Johan Rosenbröijer and
Christer Sumelius. As a new member of the Board of Directors was
elected, Klaus Cawén, Master of Laws. As the auditor of Kyro
Corporation was elected KPMG Wideri Oy Ab as the responsible
auditor, Authorised Public Accountant.

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 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 also be conveyed through public
trading on the Helsinki Exchanges.

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 17 March, 2004. The authorisations
given to the Board of Directors at the Annual General Meeting on
19 March, 2003 to acquire and convey the Company's own shares,
were cancelled.

Carl-Johan Numelin was elected in the meeting of the new Board of
Directors held in 17 March, 2004 as Chairman of the Board of
Directors and Christer Sumelius as Vice Chairman.


Further information:    Chief Financial 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