Transcript Document

07.01.2008

Tulikivi Oyj

Tulikivi Corporation

• World’s largest and technically leading soapstone processing company • Global market leader in the production of industrially manufactured heat-retaining fireplaces • One of Europe’s five largest stone processing companies

Tulikivi Corporation

• Business areas: fireplaces and natural stone products • Net sales ca. 70 Me • Personnel over 600 • 7 production facilities: 2 in Juuka, Suomussalmi, Kuhmo, Taivassalo, Espoo and Heinävesi • Head office in Juuka, North Karelia • Parent company of the corporation Tulikivi Oyj

Tulikivi Group’s Factories

Tulikivi factory Kermansavi factory

Tulikivi Corporation

MISSION Tulikivi brings warmth and comfort to your home with high quality branded products that sit well with your interior decoration.

VISION Tulikivi is the leading company specialized in branded heating products and natural stone products for homes in selected market areas.

VALUES Courage, Entrepreneurship, Satisfied customer, Fair play.

History of Tulikivi

2007 2006 2004 2003 2003 2002 2000 1999 1994 1988 1987 1979 Merger of Kermansavi Oy with Tulikivi Oyj Purchase of Kermansavi Oy Tulikivi finds a remarkable new soapstone deposit in Juuka Purchase of Kivia Oy Merger of Tulikivi Rakennuskivet Oy with Tulikivi Oyj Merger of Mittakivi Oy, Kiantastone Oy and Tulipuu Oy with Tulikivi Oyj Acquisition of Tulikivi Rakennuskivet Oy Building of Suomussalmi factory (Kiantastone Oy), Tulikivi 20 years Tulikivi listed in the Helsinki Stock Exchange First model range for export Mittakivi Oy (custom fireplace factory) was founded Reijo Vauhkonen bought Suomen Vuolukivi Oy End of 1800: Quarrying is active in the village of Nunnanlahti in Juuka. Soapstone fireplaces were exported to St.Petersburg among others.

Fireplaces

• The fireplace business comprises quarrying, production, planning, sales and marketing.

• Products include soapstone fireplaces, bakeovens, cookstoves, custom-made fireplaces and sauna stoves.

Installation is included in the price of the product.

• Half of the amount of fireplaces is exported. Export countries are: Germany, Sweden, France, Belgium, Denmark, USA, Estonia, Austria, Russia, Switzerland, Italy, The Netherlands, Ukraine, Latvia, Lithuania, Norway, Luxembourg, Hungary, Kazakhstan.

Fireplaces

Examples of soapstone fireplaces. Special custom-made export Boulder unit on the left and standard model Valkia+PM001 on the right.

Natural Stone Products

• Tulikivi's natural stone business comprises the manufacturing of interior decoration stones for homes and stone deliveries to construction sites, acquisition of natural stone, sales and retail, marketing and commodification.

• Products are manufactured of soapstone, granite, marble, limestone and other natural stones.

• Interior decoration stones are suitable for use in kitchen, bathroom, tiling of floors, staircases and walls as well as for furnishing surfaces.Landscaping products include eg. tiles, paving and edging stones.

• Natural stone business is active in nordic countries.

Interior Decoration Stones

Examples of natural stone products Azul Cascais –lime stone countertop combined with Cloudy Grey marble mosaic. Cloudy Grey marble mosaic used in a bathroom.

Sales

50 40 30 80 70 60 20 10 0 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Finland Exports

Sales By Country 2007

Other countries: Ukraine, Norway, Latvia, the Netherlands, Rumania, Spain, Bulgaria, Lithuania, Kazakhstan Finland Sweden France Germany Belgium Russia USA Denmark Austria Estonia Switzerland Italy Others

Tulikivi Oyj 83900 JUUKA Tel. 0207 636 000 www.tulikivi.com

Thank you!