Glaston Oyj Abp - Company Announcement

Glaston lowers net sales and operating profit forecasts for 2008

Losses made by Tamglass Glass Processing, part of Glaston
Corporation's Heat Treatment business area, have significantly
burdened the first quarter financial results for the Corporation and
Tamglass Glass Processing has continued to operate in the red. In
addition, global economic uncertainty is being reflected in the
Group's major, comprehensive, One-Stop-Partner deliveries in
particular, significantly lengthening customer's decision-making
times.

For the above-mentioned reasons, Glaston is lowering its net sales
and operating profit forecasts for 2008 and estimates that the net
sales and operating profit will be on the preceding year's level. In
an release of April 23, 2008, Glaston Corporation forecast clear
growth in net sales and operating profit compared to 2007.

Glaston will publish its interim report for the second quarter on
August 14, 2008.

GLASTON CORPORATION

Mika Seitovirta
President and CEO






For further information, please contact:
Mika Seitovirta, President & CEO, tel. +358 (0)10 500 500

From:
Glaston Corporation
Agneta Selroos
Corporate Communications and IR Manager
Tel. + 358 (0)10 500 6105






Glaston Corporation

Glaston Corporation is a growing and international glass technology
company. Glaston is the global market leader in glass processing
machines and a comprehensive One-Stop-Partner supplier to its
customers. Its product range and service network are the most
extensive in the industry. Glaston's well-known brands are Bavelloni,
in pre-processing machines and tools, Tamglass and Uniglass in safety
glass machines and Albat+Wirsam in software solutions.

Glaston's own glass processing unit, Tamglass Glass Processing, is a
manufacturer of high quality safety glass products, and operates in
Finland.

Glaston's share (GLA1V) is listed on the OMX Nordic Exchange Helsinki
Mid Cap List.