Rapala VMC - Changes board/management/auditors

ERNST & YOUNG CHANGES ITS LEAD AUDIT PARTNER FOR RAPALA

Rapala VMC Corporation
       Stock Exchange Release
       August 18, 2008 at 12.00 pm

Ernst & Young Oy (E&Y), auditor of Rapala VMC Corporation (Rapala),
has informed Rapala that they have appointed Mr. Mikko Järventausta,
CPA, as the Global Client Service Partner for Rapala from August 15,
2008 onwards to strengthen their audit team. The previous Client
Service Partner, Mr. Juha Nenonen, CPA, will continue in the audit
team for Rapala as Engagement Partner.

Mikko Järventausta is an international partner and a shareholder in
Ernst & Young and has 13 years of international client service
experience and work experience also abroad. He is also a member of
the E&Y's IFRS Desk and a member of the Securities Working Group in
the Finnish Institute of Authorized Public Accountants. His current
and former client references include several Finnish listed companies
and subsidiaries of large multinationals.

RAPALA VMC CORPORATION

Jorma Kasslin
Chief Executive Officer

For further information:

Jouni Grönroos, Chief Financial Officer, tel. +358 9 7562 540

Distribution: OMX Nordic Exchange in Helsinki and Main Media

Rapala VMC Corporation is a leading fishing tackle company and the
global market leader in the fishing lures, treble hooks and fishing
related knives and tools. The Group also has a strong global position
in other fishing categories. The Group has its own distribution
companies in all the main markets and the largest distribution
network in the industry. The main manufacturing facilities are
located in Finland, France, Estonia, Russia and China. The Group
brand portfolio includes the leading brand in the industry, Rapala,
and other global brands like VMC, Storm, Blue Fox, Luhr Jensen,
Williamson, Marttiini and Sufix. The Group, with net sales of EUR 242
million in 2007, employs more than 4 000 people in 30 countries.

Attachments:

Stock Echange release 18082008