Juha Sivonen April 20, 2007

Tulikivi Corporation

Sales 19.2 16.3 18.1

Operating profit 0.7 1.7 -61.6Percentage of sales 3.4 10.6

Profit before taxes 0.5 1.7 -69.3Percentage of sales 2.7 10.5

Profit for the period 0.4 1.3 -70.9

MEUR 01-03/2007 01-03/2006 Change, %

Consolidated Income Statement, Summary

Earnings per share, EUR 0.01 0.03Equity per share, EUR 0.84 0.74Equity ratio, % 47.5 64.1Gearing, % 48.7 5.5Current ratio 1.6 1.6

Order book (March 31), MEUR 10.8 9.7Gross investments, MEUR 1.3 2.2Gross investments, % of sales 6.6 13.4Average number of staff 746 544

03/2007 03/2006

Average number of shares 3714397036425540Number of shares, March 31 37143970 36425540

Key Figures

03/2007 03/2006AssetsNon-current assets 40.3 22.9Current assets 25.1 18.8Total assets 65.4 41.7

Equity and liabilitiesShare capital 6.3 6.2Non-current liabilities 18.6 3.3 Current liabilities 15.7 11.7Total equity and liabilities 65.4 41.8

MEUR

Consolidated Balance Sheet

03/2007 03/2006Cash flows from operating activitiesProfit for the period 0.4 1.3Adjustments:Non-cash transactions 1.5 1.0Interest expenses and income and taxes 0.3 0.4Change in working capital -2.8 -2.8Interest paid and received and taxes paid -0.6 -0.3Net cash flow from operating activities -1.2 -0.4

Cash flows from investing activitiesAcquisition of subsidiaries Investments in property, plant andequipment and intangible assets -1.4 -1.9Grants received for investments and sales of property,plant and equipment 0.1Net cash flow from investing activities -1.4 -1.8

Cash flows from financing activitiesLoans received 1.0Repayment of loans -0.5 -0.5Dividends paidNet cash flow from financing activities 0.5 -0.5

Change in cash and cash equivalents -2.1 -2.7Cash and cash equivalents at beginning of period 4.9 4.1Cash and cash equivalents at end of period 2.8 1.4

MEUR

Consolidated Cash Flow Statement

Tulikivi Corporation83900 JUUKATel. +358 (0) 207 636 000www.tulikivi.com

Thank you!