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KYRO CORPORATION, INVITATION TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS

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Kyro Corporation      STOCK EXCHANGE RELEASE       23 February, 2006 9.00 a.m.


INVITATION TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS

The shareholders of Kyro Corporation are invited to the Annual General Meeting of
Shareholders, held on Thursday, 16 March 2006, at 4 p.m. at Hilton Helsinki
Kalastajatorppa, Kalastajatorpantie 1, Helsinki.

The following matters shall be handled at the Meeting:

1. The Board of Directors´ proposal for changing article five (5) of the Articles
of Association

The Board of Directors proposes that the article five (5) of the tenable Articles
of Association be changed so that the number of Board Members would be a minimum
of five (5) and a maximum of nine (9), and the term of office would be one year
so that the term of office would expire at the end of the next Annual General
Meeting.

2. Matters pertaining to the Annual General Meeting of Shareholders under article
14 of the Articles of Association

3. Authorisation of the Board of Directors to acquire the Company's own shares

The Board of Directors proposes that the Board of Directors be authorised to
acquire the Company's own shares using assets available for distribution of
profits, provided that the combined nominal value of the shares of the Company
together with the nominal value of the shares already in the possession of the
Company corresponds to a maximum of 10 percent of the Company's total share
capital at the moment of acquisition.

According to the proposal the authorisation entitles the Board of Directors to
acquire the Company's own shares in a manner and scope determined by the Board of
Directors for the purpose of using them as consideration in possible business
acquisitions, to finance investments, or in other industrial arrangements or to
be conveyed in other ways or to be invalidated. The invalidation of the shares
shall require a decision of the General Meeting of Shareholders concerning
lowering of the share capital. The Company's own shares would 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 at the market price of the shares at the time of the
acquisition. The authorisation is valid for a period of one year beginning from
the decision of the General Meeting of Shareholders.

4. Authorisation of the Board of Directors to convey the Company's own shares

The Board of Directors proposes that the Board of Directors be authorised to
decide on the conveyance of the Company's own shares. The authorisation would
comprehend the conveyance of all such own shares of the Company that are acquired
on the basis of the acquisition authorisation granted to the Board of Directors
or that are in the Company's possession otherwise.

According to the proposal the authorisation entitles the Board of Directors to
decide to whom and in which order the own shares are conveyed. The Board of
Directors may convey the own shares to 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 shares
may also be conveyed through public trading on the Helsinki Stock Exchange.

The shares may be conveyed at least at the market value of the shares at the time
of the conveyance. The shares may also be conveyed against other compensation
than money. The authorisation is valid for a period of one year beginning from
the decision of the General Meeting of Shareholders.

5. Board of Directors and Auditors

According to the company's Articles of Association, the term of office of members
of the Board of Directors is three years. None of the members of the Board are
due for re-election.

The Board of Directors proposes, on the recommendation of the Audit Committee,
the election as auditor of the authorised public accounting firm KPMG Oy Ab,
which has consented to accept the position.

Right to participate

Shareholders entered in the Company's shareholders register maintained by the
Finnish Central Securities Depository Ltd on 6 March 2006 are entitled to attend
the General Meeting of Shareholders. Shareholders whose shares have not been
transferred to the book-entry system are also entitled to attend the Annual
General Meeting of Shareholders provided that they were registered prior to 22
December 1995 in the share register of Oy Kyro Ab. In such cases, shareholders
must present their share certificates at the Annual General Meeting of
Shareholders or otherwise demonstrate that title to the shares has not been
transferred to a book-entry account.

Enrolment

Shareholders who wish to attend the Annual General Meeting of Shareholders must
notify the Company of their intention to attend by Monday, 13 March 2006 before 4
p.m., in writing to Kyro Corporation, 39200 Kyröskoski, Finland, or by telephone
at +358 3 382 3072 (Terttu Uusitalo) or by email at terttu.uusitalo@kyro.fi. The
notification must reach the Company before the end of the notification period.
Shareholders are kindly requested to deliver any powers of attorney to the above
mentioned address before the end of the notification period.

Documents available

The financial statements and the proposals of the Board of Directors will be
available for shareholders from 9 March 2006 at the head office of the Company,
Vehmaistenkatu 5, 33730 Tampere. The Annual Report will be sent to shareholders
in week 10.

Payment of the dividend

The Board of Directors proposes to the Annual General Meeting of Shareholders
that a dividend of EUR 0.08 per share and a supplementary dividend of EUR 0.09
per share will be paid for the fiscal year 2005, amounting in total EUR 13.4
million. The dividend will be paid to a shareholder registered in the Company's
shareholder register maintained by the Finnish Central Securities Depository Ltd
on the record date, 21 March 2006. The Board of Directors proposes to the Annual
General Meeting that the dividend be paid on 28 March 2006.

Helsinki, 17 February 2006

KYRO CORPORATION

Board of Directors

Further information:
Kyro Corporation, IR & Communications Manager Emmi Watkins,
tel. +358 400 903 260 /email emmi.watkins@kyro.fi.

Kyro Corporation is a financially solid and growing international technology
group. The Glass Machinery Group, part of the main business area Glaston
Technologies, is the global market leader in glass processing machines. Glaston
Technologies´ Glass Processing Group is the leading supplier of comprehensive
architectural glass solutions in Finland and neighbouring areas. The Group´s
Energy business consists of the environmentally friendly, local energy producer
Kyro Power.

www.kyro.fi

Distribution: Helsinki Exchanges, key media

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