Rapala VMC - Decisions of general meeting

ANNUAL GENERAL MEETING ON 4 APRIL 2007

Rapala VMC Corporation  Stock Exchange Release  April 4, 2007  1(2)

The annual general meeting of Rapala VMC Corporation unanimously
adopted the financial statement of the financial year 1 January - 31
December 2006 and granted release from personal liability for the
Board of Directors and the President for the period that ended on 31
December 2006.

The proposal concerning the dividends, EUR 0.12, was approved. The
dividend will be paid on 18 April 2007 to each of the shareholders
who on the record date of 11 April 2007 have been entered in the list
of shareholders kept by the Finnish Central Securities Depository
Ltd.

The meeting approved that there are seven members of the Board of
Directors. The re-elected members of the Board of Directors were
Jorma Kasslin, Eero Makkonen, Marc Speeckaert, Jan-Henrik Schauman,
Christophe Viellard, Emmanuel Viellard and William (King Ming) Ng.
The meeting resolved that the annual fee paid to each Board member is
EUR 30,000 and EUR 60,000 to the Chairman of the Board

Ernst & Young Oy, corporation of Authorised Public Accountants, was
appointed as the company's auditor.

In accordance with the Board of Directors proposal, the Annual
General Meeting authorised the Board to decide to issue shares
through issuance of shares, options or special rights entitling to
shares in one or more issues. The number of new shares to be issued
including the shares to be obtained under options or special rights
shall be no more than 10,000,000 shares. The authorization includes
the right for the Board to resolve on all terms and conditions of the
issuance of new shares, options and special rights entitling to
shares, including issuance in deviation from the shareholders'
pre-emptive rights. The authorization is in force for a period of 5
years from the resolution by the Annual General Meeting.

In accordance with the Board of Directors proposal, the Annual
General Meeting authorised the Board to resolve to repurchase a
maximum of 2,000,000 shares. The amount of shares corresponds to less
than 10 per cent of all shares of the company. The shares may be
repurchased in order to develop the capital structure of the Company.
In addition, the shares may be repurchased in order to finance or
carry out acquisitions or other arrangements, to execute the
company's equity-based incentive plans, to be transferred for other
purposes, or to be cancelled. The shares may be repurchased either
through a tender offer made to all shareholders on equal terms, or
through public trading from the market. The authorization is in force
until 30 September 2008.

In accordance with the Board of Directors proposal, the Annual
General Meeting resolved to amend the Articles as follows:

- Article 3 regarding the minimum and the maximum share capital and
number of shares was removed.

- Article 4 was amended to the effect that it mentions that the
company's shares are included in the book-entry system, and all other
provisions were removed.

- Article 6 was amended by changing the right to sign for the company
to a right of representation.

- Article 8 was amended to the effect that the wording regarding the
extended accounting period was removed.

- Article 10 was amended to the effect that the summons to the Annual
General Meeting shall be published not earlier than three (3) months
before the last registration date and the list of items of the Annual
General Meeting was amended to correspond to the new Companies Act.

- Article 12 regarding the obligation to redeem the company's shares
once a certain shareholding limit is exceeded, was removed.

The Board of Directors of Rapala VMC Corporation has on 4 April 2007
elected Emmanuel Viellard as the chairman of the Board of Directors.

Rapala VMC Corporation

Jorma Kasslin
Chief Executive Officer

For further information: Company Counsel Olli Aho,
tel. FI +358  97562540  Soita

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