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TAMGLASS LTD. OY HAS PURCHASED A 70% SH

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 Kyro Corporation    STOCK EXCHANGE RELEASE  07.01.2003 at 09.00 am
 
 TAMGLASS LTD. OY  HAS PURCHASED A 70% SHARE OF SUOMEN LÄMPÖLASI OY
 
 Tamglass Ltd. Oy, the technology and market leader in safety glass
 machinery and a part of the Kyro Group, has purchased a 70 % share
 of Suomen Lämpölasi Oy, which manufactures insulated glass
 elements for the window and door industry as well as construction
 projects. Suomen Lämpölasi Oy net sales in 2002 were approximately
 EUR 7 million, and it employs 45 persons. The company was
 previously fully owned by Jorma Nenonen, who will still hold 30 %
 of the shares and continues as the managing director. The
 acquisition price will not be disclosed and a part of the
 acquisition price is paid with Kyro Corporation’s own shares.

 Tamglass Ltd. Oy also acquired in November 2002 a 70 % share of the
 balcony glazing supplier Finton Parvekejärjestelmät Oy, currently
 Tamglass Finton Oy. Tamglass Safety Glass, a glass processing
 company already previously within the Tamglass Group, Tamglass
 Finton Oy and Suomen Lämpolasi Oy together form the Tamglass Group’s
 glass processing business area, whose director will be Pertti
 Iivanainen, managing director of Tamglass Safety Glass. The glass
 processing business area deepens and expands the Tamglass Group’s
 glass processing know-how and market knowledge, which is significant
 for machinery manufacturing. Tamglass Group net sales in 2001 were
 EUR 120 million.
 
 The strategy of the Kyro Group aims primarily at expanding its glass
 processing machinery business, both organically and through
 acquisitions. In April 2002, Kyro Corporation acquired Uniglass
 Engineering Oy, a Tampere-based manufacturer of tempering machinery
 for flat glass. In addition to this, Kyro Corporation agreed on 13
 December, 2002 to acquire Z. Bavelloni, the Italy-based glass pre-
 processing machinery market leader for glass, and Glasto, an
 international distributor of glass processing machinery.
 
 Kyro Group net sales in 2001 were EUR 147 million, and its largest
 business area is Safety Glass Technology, consisting of the Tamglass
 Group and Uniglass Engineering. The business area’s share of Group
 net sales in 2001 was about 82%, and it employs a total of 496
 people.
 
 Kyro Corporation
 
 Pentti Yliheljo
 President and CEO

 Additional information:  Tamglass Safety Glass, CEO
                          Pertti Iivanainen, + 358 400-733 040
 
 Investor Relations:    Kyro Corporation, Mr. Mika Nevalainen, VP,
                        Corporate Communications, telephone +358-400-
                        882 024, IR pages at the Internet address
                        www.kyro.fi
 
 Distribution:            The Helsinki Stock Exchange
                          Central media

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