Rapala VMC - Major shareholder announcements

RAPALA - NOTIFICATION IN ACCORDANCE WITH CHAPTER 2 SECTION 10 OF THE SECURITIES MARKETS ACT

Rapala VMC Corporation
Stock Exchange Release
November 28, 2012 at 5:15 p.m.

Rapala VMC Corporation has received a notification from funds managed by ODIN
Forvaltning AS (Company ID 957 486 657) 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 November
28, 2012:

Funds' managed by ODIN Forvaltning AS holding in shares and voting rights of
Rapala VMC Corporation falls below one twentieth (1/20) of the total number of
shares and voting rights. Following the transaction funds managed by ODIN
Forvaltning AS own 1,819,126 shares or 4.61 % 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,  Indonesia 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, Mora Ice, StrikeMaster, Marttiini and Peltonen. The Group, with
net sales of EUR 279 million in 2011, employs some 2 000 people in 38 countries.
Rapala's  share is listed and  traded on the NASDAQ  OMX Helsinki stock exchange
since 1998.


[HUG#1661121]

Attachments:

Stock Exchange Release.pdf