THE IPO AND LISTING OF KYRO€S TECNOMEN AND PREPARAITON OF DE-MERGER OF KYRO BEGIN

THE IPO AND LISTING OF KYRO´S TECNOMEN AND PREPARAITON OF DE-MERGER OF KYRO BEGIN The Boards of Directors of Kyro Oyj Abp and its subsidiary Tecnomen Oyj Abp have on June 9, 2000 decided to begin the combined sale and new issue offering of Tecnomen shares to institutional investors June 12, 2000 and to the public June 14, 2000. Tecnomen Oyj will release a stock exchange announcement of its own with more details. The purpose of the Combined Offering is to finance Tecnomen's expansion, broaden the Company's ownership base as well as to facilitate implementation of employee incentive schemes. The Boards of Directors of Kyro and Tecnomen have also on June 9, 2000 made a decision to start planning and preparations regarding a de-merger of Kyro into two new companies, which are envisaged to be named Tecnomen Holding Oyj and Kyro Holding Oyj, and a subsequent merger between the Company and Tecnomen Holding Oyj. According to a preliminary timetable, the de-merger plan would be presented to the General Meeting of Shareholders of Kyro in autumn 2000, and the de-merger would be entered into the Finnish Trade Register in spring 2001. Both new companies would be listied on the Helsinki Exchanges imediately after the de-merge. The shareholders of Kyro would receive new shares in both new companies in exchange for their shares in Kyro in proportion to their holdings, and no action would be required from the shareholders to effect this. Following the de-merger, the ownership structures of Kyro Holding Oyj and Tecnomen Holding Oyj would mirror the ownership structure of Kyro immediately prior to the de-merger. The merger plan would be presented to the General Meetings of Shareholders of the Company and Tecnomen Holding Oyj, respectively, immediately after the implemented de-merger has been entered into the Trade Register, and the implemented merger would be entered into the Trade Register by autumn 2001. According to the preliminary plan the assets and liabilities of Kyro would be divided by transferring the Shares held by Kyro in Tecnomen to Tecnomen Holding Oyj together with an equivalent amount of equity. Kyro Holding Oyj would receive Kyro's shares in Tamglass Ltd. Oy and Kyro Power Oy, as well as other assets of Kyro and the remaining equity of Kyro. The assets and liabilities would be transferred to the new companies at book value. After the de-merger, the Company would merger with Tecnomen Holding Oyj in accordance with the procedure provided in Chapter 14 of the Companies Act, where all assets and liabilities of the Company would be transferred to Tecnomen Holding Oyj, and by implementation of the merger, the Company would cease to exist. The shareholders of the Company (other than Tecnomen Holding Oyj) would receive new shares in Tecnomen Holding Oyj in exchange for their shares in the Company, and no action would be required from the shareholders to effect this. The assets and liabilities of the Company would be transferred to Tecnomen Holding Oyj at their book value. Separation of the businesses of the Kyro Group would enable investors to invest directly to the business of their choice representing the growth potential and profit expectations of their interest. Kyro Group consists of three companies representing the varioius business groups: Tamglass; Tecnomen and Kyro Power. Tamglass manufactures safety glass production lines for construction, automotive and appliance industries. Tecnomen developes value-added service systems for teleoperators and service providers. Kyro Power generates hydro and gas- fired energy for the finnish industry. For further information about Kyro's interim report, please contact Kyro's president and CEO Pentti Yliheljo after 4.00 pm 09-5422 3323. Tampere 9 June 2000 KYRO CORPORATION Pentti Yliheljo Veli Kronqvist CEO Chief Financial Officer Distribution Helsinki Exchanges Key media in Finland Jakelu Helsingin Pörssi Keskeiset tiedotusvälineet ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/09/20000609BIT00540/bit0001.doc http://www.bit.se/bitonline/2000/06/09/20000609BIT00540/bit0002.pdf