The allocation of combined sale and new issue offering of Tecnomen shares

THE ALLOCATION OF COMBINED SALE AND NEW ISSUE OFFERING OF TECNOMEN SHARES The institutional offering was oversubscribed over ten times. The Retail Offering and the Employee Offering were also oversubscribed. The Extraordinary General Meeting of Tecnomen and the Board of Directors of Kyro Oyj Abp have today decided, on the basis of the subscription and purchase offers submitted, to set the offer price at EUR 8,5 per share in the Institutional Offering and in the Retail Offering. In the Employee Offering the offer price is EUR 7,65 per share. The shareholders of Kyro will, according to the shareholders register of Kyro dated June 6, 2000, be allocated a total of 2,807,000 shares in the Institutional Offering and in the Retail Offering a total of 268,000 shares. The shareholders of Kyro were thereby, according to their shareholding, allocated a total of 25 % of the total amount of shares offered in the Combined Offering. Kyro has sold a total of 5.000.000 shares. The shareholding and voting rights of Kyro Oyj in Tecnomen will decrease from 100% to 74,9 %. Trading in the shares of Tecnomen Oyj is estimated to commence on the Pre List of the Helsinki Exchanges on June 30, 2000 and on the Main List on July 4, 2000. Tecnomen Oyj will release a stock exchange announcement of its own with more details. 22 June 2000 KYRO CORPORATION Pentti Yliheljo Veli Kronqvist CEO Chief Financial Officer Further information: CEO Pentti Yli-heljo, 09-5422 3300 or Chief Financial Officer Veli Kronqvist, Distribution: Helsinki Exchanges Key media in Finland ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/22/20000622BIT00490/bit0001.doc http://www.bit.se/bitonline/2000/06/22/20000622BIT00490/bit0002.pdf