GWS GROUP'S HOLDING IN KYRO CORPORATION 21.13%

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Kyro Corporation  STOCK EXCHANGE RELEASE 16 December, 2004  2.15 pm

GWS GROUP'S HOLDING IN KYRO CORPORATION 21.13%

Kyro Corporation has received on 16 December, 2004 from Oy G.W. Sohlberg Ab a
notification in compliance with Chapter 2 Section 9 of the Finnish Securities
Market Act according to which GWS Group's ownership share of votes and share
capital in Kyro Corporation has risen above 20%.

GWS Group's ownership share of Kyro Corporation's votes is 21.13% and of share
capital 21.13 %.

1. Name of target company: Kyro Corporation (Business Identity Code 1651585-0)

2. Date of ownership change: December 16, 2004

3. Holding in Kyro Corporation in detail:

Company                No. of         Share of        Share of
                       Shares owned   capital         votes

Oy G.W. Sohlberg Ab    12.819.400     16.16%          16.16%
GWS Trade Oy            3.944.300      4.97%           4.97%

The share capital of Kyro Corporation consists of 79 350 000 shares, which convey
a total of 79 350 000 votes.

Tampere, December 16, 2004

KYRO CORPORATION


Vesa Hopia        Arja Louhimo


Distribution:     Helsinki Exchanges
                  Key media




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