Wulff-Yhtiöt Oyj - Company Announcement

THE BOARD OF DIRECTORS OF WULFF-GROUP PLC DECIDED ON A TARGETED NEW ISSUE OF SHARES TO THE SELLER OF IBERO LIIKELAHJAT OY, THE NEW SHARES WERE SUBSCRIBED AND PAID FOR

WULFF-GROUP PLC	STOCK EXCHANGE RELEASE     NOVEMBER 6, 2008 AT 9.00 AM          

THE BOARD OF DIRECTORS OF WULFF-GROUP PLC DECIDED ON A TARGETED NEW ISSUE OF    
SHARES TO THE SELLER OF IBERO LIIKELAHJAT OY, THE NEW SHARES WERE SUBSCRIBED AND
PAID FOR                                                                        

Wulff-Group Plc acquired the entire share capital of Ibero Liikelahjat Oy from  
Progift Oy by an agreement signed on 1 October 2008. Based on the share issue   
authorisation given by the Annual General Meeting on 4 April 2008, the Board of 
Directors of Wulff-Group Plc decided on a targeted share issue of 100,000 shares
to Progift Oy, the seller of Ibero Liikelahjat Oy. Progift Oy is offered 100,000
new Wulff-Group shares, subject to capital contribution conditions, which       
correspond to 1.54 per cent of the company's registered shares prior to the     
share issue and to 1.51 per cent after the registration of the share issue.     

The subscription price is EUR 2.70, which is the closing price of Wulff-Group   
shares on 1 October 2008. The company's share capital rises by EUR 46,948.80.   
After the raise in share capital, the company's share capital totals EUR        
2,650,000.00. The rest of the subscription price, EUR 223,051.20, is recognised 
in the reserve for non-restricted equity. Following the registration of the     
share issue, the number of Wulff-Group's shares will be 6,607,628.              

The company is considered to have significant financial grounds to deviate from 
pre-emptive rights because the purpose of the share issue is to carry out a     
share transaction. In conjunction with the subscription, Wulff-Group receives   
100 Ibero Liikelahjat shares, that is, all of the company's shares, for a       
capital contribution. Progift Oy has already received the agreed cash payment of
EUR 700,000 for these. Furthermore, Progift Oy is entitled to an additional sale
price in accordance with the trade agreement.                                   

The 100,000 Wulff-Group shares offered for subscription in the share issue have 
been subscribed and paid for. The shares will be registered in the Trade        
Register on or around 17 November 2008. Before the end of 2008, approval will be
sought for the shares to be traded publicly on NASDAQ OMX Helsinki as a series  
corresponding to that of the company's old shares. The new shares are subject to
a lock-up condition. 50,000 of the shares will be released from the restriction 
on 31 December 2009 and the remaining 50,000 shares on 31 December 2011. The    
right to dividend and other shareholder rights will take effect on the share    
registration date.                                                              


WULFF-GROUP PLC                                                                 
Board of Directors                                                              

www.wulff-group.com                                                             


Further information:                                                            

Heikki Vienola, CEO                                 
Tel. +358 9 5259 0050 or +358 50 65 110                                         
e-mail: heikki.vienola@wulff.fi                                                 

Sirpa Väisänen, IR Officer                                                      
Tel. +358 9 5259 0050 or +358 400 943 243                                       
e-mail: sirpa.vaisanen@wulff.fi                                                 


Distribution:                                                                   
NASDAQ OMX Helsinki                                                             
Key media                                                                       
www.wulff-group.com

Attachments:

wulff-group_targeted_share_issue_06-11-08.pdf