Rapala VMC - Major shareholder announcements

CORRECTION TO NOTIFICATION IN ACCORDANCE WITH CHAPTER 2 SECTION 10 OF THE SECURITIES MARKETS ACT

Rapala VMC Corporation
Stock Exchange Release
March 2, 2011 at 8.45 p.m.


Rapala VMC Corporation has received a corrected notification from Viellard
Migeon & Cie (registration number 535 420 228 RCS Belfort, France) in accordance
with Chapter 2, Section 9 of the Finnish Securities Market Act on the change in
its holdings. According to the notification the following changes in holdings
have taken place on 2 March 2011:

Viellard Migeon & Cie and Utavia S.à.r.l entered into a shareholders' agreement
on 29 June 2006 with respect to their shares in Rapala VMC Corporation. Utavia
S.à.r.l, a company owned by the management of Rapala VMC group, has today sold
all its shares in Rapala VMC Corporation and the shareholders' agreement with
Viellard Migeon & Cie has terminated.

After the transactions carried out on 2 March 2011, Viellard Migeon & Cie's
holding in shares and voting rights together with other shareholders continue to
be over 30 %.

The direct and indirect holdings of Viellard Migeon& Cie in the shares and
voting rights are 11,842,971 shares, 30.01 % of all shares and voting rights.

Rapala VMC Corporation has a total of 39,468,449 shares and votes.


RAPALA VMC CORPORATION

Jorma Kasslin
Chief Executive Officer

For further information, please contact:
The Company's Legal Councel, Olli Aho, tel. +358 9 7562 540

Distribution: NASDAQ OMX Helsinki and Main Media

Rapala VMC Corporation (Rapala) is a leading fishing tackle company and the
global market leader in fishing lures, treble hooks and fishing related knives
and tools. The Group also has a strong global position in other fishing
categories and it is one of the leading distributors of outdoor, hunting and
winter sport products in the Nordic countries. The Group has the largest
distribution network in the industry. The main manufacturing facilities are
located in Finland, France, Estonia, Russia, China and the UK. The Group brand
portfolio includes the leading brand in the industry, Rapala, and other global
brands like VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson, Dynamite
Baits, Marttiini and Peltonen. The Group, with net sales of EUR 269 million in
2010, employs more than 2 000 people in 33 countries. Rapala's share is listed
and traded on the NASDAQ OMX Helsinki stock exchange since 1998.


[HUG#1494011]

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