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DECISIONS OF PONSSE?S EXTRAORDINARY GENERAL MEETING

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PONSSE OYJ STOCK EXCHANGE BULLETIN, 24 November 2004 AT 2PM


DECISIONS OF PONSSE’S EXTRAORDINARY GENERAL MEETING

Meeting on 24 November 2004, Ponsse Oyj’s Extraordinary General Meeting
decided to pay an additional dividend of EUR 1.0 per share and to
implement a scrip issue whereby shareholders receive, without
consideration, one new share for each old share held.


RESOLUTIONS PASSED BY THE EXTRAORDINARY GENERAL MEETING

1. Payment of dividend

Ponsse Oyj is to pay a dividend of EUR 1.0 per share for the financial
year ending 31 December 2003 in addition to the dividend decided on the
basis of the balance sheet adopted at the Annual General Meeting held on
16 March 2004. The record date for the payment of dividend is 29
November 2004 and the dividend will be paid starting on 7 December 2004.

2. Scrip issue

The Extraordinary General Meeting decided to increase the company’s
share capital from EUR 3,500,000 to EUR 7,000,000 through a EUR
3,500,000 scrip issue subject to the following terms and conditions:

1. In the scrip issue, shareholders receive, without consideration,
   one (1) new share for one (1) old share held.
   
2. The EUR 3,500,000 increase in share capital is effected by
   converting retained earnings of EUR 955,000.00 and EUR 2,545,000.00 from
   the share premium account into share capital.
   
3. A total of 7,000,000 new shares are issued. The nominal value of
   each of the company’s shares is EUR 0.50.
   
4. The record date for the scrip issue is 29 November 2004. The right
   to new shares issued in the scrip issue is vested in shareholders who
   are registered in the company’s share register at the record date.
   
5. The scrip issue will be effected in the book-entry securities
   system and requires no action from shareholders. The scrip issue does
   not affect ownership or voting rights ratios in the company.
   
6. Provided that the increase in share capital has been entered in
   the Trade Register, the new shares issued in the scrip issue will be
   registered in shareholders’ book-entry securities accounts on 30
   November 2004.
   
7. The new shares will be entitled to a full dividend for the
   financial year commencing 1 January 2004 and to other rights in the
   company from the date the share capital has been registered in the Trade
   Register.

8. Shareholders who have not converted their share certificates to
   book-entries will be entitled to the new shares issued in the scrip
   issue once they have converted their certificates.


PONSSE OYJ

Mikko Paananen
CFO

                                                                        
Further information from:
CFO Mikko Paananen, tel: +358 20 768 8648


DISTRIBUTION
Helsinki Exchanges
Main media
www.ponsse.com

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