Fiskars - Company Announcement

Fiskars and Investor complete the legal combination of their Wärtsilä holdings

Fiskars Corp.       Stock Exchange Release           February 7, 2013 at 15:00
EET 

Fiskars Corporation and Investor AB (publ) have today completed the legal
combination of Fiskars Group's and Investor's interests in Wärtsilä
Corporation. Fiskars announced on April 24, 2012 that Fiskars Group and
Investor AB (hereinafter the “parties”) had agreed to join interests to create
a strong long-term owner for Wärtsilä through a joint venture and to develop
the ownership strategy jointly. 

The joint venture company Avlis AB and its wholly-owned subsidiary Avlis Invest
AB (former Instoria AB) (hereinafter Avlis AB and Avlis Invest AB jointly the
“joint venture”) currently hold a total of 42,948,325 shares in Wärtsilä,
representing 21.77 percent of the shares and votes in Wärtsilä. As announced on
April 24, 2012, Avlis AB is owned by Fiskars Group and Investor in relation to
their respective contribution and acquisition of Wärtsilä shares. Today
Fiskars' ownership represents 59.7 percent and Investor´s 40.30 percent,
respectively. 

As announced by Fiskars and Investor on April 24, 2012:

  -- The joint venture will be a committed owner with a long-term horizon that
     will enhance the development of Wärtsilä's business and shareholder value.

  -- Over time, the parties may, through the joint venture, consider increasing
     their holding in Wärtsilä subject to general market conditions and
     Wärtsilä´s development. However, there is no intention to make a bid on
     Wärtsilä and the joint ownership will accordingly remain below 30 percent
     under the current strategy.
  -- Both Fiskars and Investor expect to be represented on the Wärtsilä board
     from 2013.
  -- The parties expect through the joint venture to form a common view on
     decisions concerning the shareholding and use of voting rights in Wärtsilä.
  -- The parties have agreed also on other typical provisions customarily
     included in shareholders' agreements governing similar joint venture
     arrangements.

As a part of the joint ownership strategy, Fiskars and Investor have agreed
that the shares and votes of Wärtsilä held by Avlis AB and Avlis Invest AB will
be primarily represented by the same representative at Wärtsilä's general
meeting, to be elected by the party with a stronger board representation in
Wärtsilä. 

Fiskars has been a longstanding owner in Wärtsilä and Wärtsilä represents a
part of Fiskars portfolio as its associated company. Wärtsilä will continue to
form one of Fiskars' reported operating segments and to be treated as an
associated company, as Fiskars considers that it continues to have a
significant influence in Wärtsilä. The holding in Wärtsilä contributed by
Fiskars to the joint venture amounts to 13.00 % of Wärtsilä's shares and votes. 


FISKARS CORPORATION
Board of Directors


Further information:
Kaj-Gustaf Bergh, Chairman of the Board, Fiskars Corporation, tel. +358 9 642
315 


Fiskars is a leading global supplier of consumer products for the home, garden
and outdoors. The group has a strong portfolio of respected international
brands, including Fiskars, Iittala and Gerber. Founded in 1649 and listed on
NASDAQ OMX Helsinki, Fiskars is Finland's oldest company. Fiskars recorded net
sales of EUR 748 million in 2012, and employs some 4,100 people in over 20
countries. www.fiskarsgroup.com

Attachments:

20130207 Wartsila ownership_eng.pdf