KYRO CORPORATION?S INCREASE OF SHARE CAPITAL ENTERED IN TRADE

Kyro Corporation   STOCK EXCHANGE ANNOUNCEMENT  30 NOVEMBER 2004
9.00 am

KYRO CORPORATION’S INCREASE OF SHARE CAPITAL ENTERED IN TRADE
REGISTER

The increase of the share capital of Kyro Corporation carried out
on the basis of the bonus issue decided by the Extraordinary
Shareholders’ Meeting held on 25 November 2004 has today been
entered in the Trade Register.

The Company’s share capital was increased by a bonus issue from
EUR 6,348,000 to EUR 12,696,000. In the bonus issue, each share
entitled its holder to receive one new share without payment. 39,675,000 new
shares were issued. The number of shares is now 79,350,000. The book
counter value of a share is EUR 0.16.

The record date of the bonus issue is 30 November 2004. The new
shares will be entered in the shareholders’ book-entry accounts on 1
December 2004. The new shares will entitle their holders to full dividends
and other rights in the Company conferred by the shares after the
increase of the share capital has been registered in the Trade Register. The
new shares will be subject to public trading on the Helsinki Stock
Exchange Main List on 1 December 2004 together with the existing shares.

On 19 November 2004, the Financial Supervision Authority has
granted Kyro Corporation an exemption from the obligation to
publish the Listing Particulars in connection to the bonus issue.

KYRO CORPORATION

Vesa Hopia
Vice President and CFO


For additional information please contact Vesa Hopia, Vice
President and CFO, tel +358 3 382 3111.