Fiskars - Company Announcement

IITTALA GROUP BECOMES IMPORTANT PART OF FISKARS

Fiskars Corporation   Stock Exchange Release  August 31, 2007 at 1.30 p.m.

IITTALA GROUP BECOMES IMPORTANT PART OF FISKARS                                 
Creation of strong European house of branded goods and design confirmed         

The deal signed in June 2007 whereby Fiskars Corporation  acquires Iittala Group
has been closed as planned. The approvals from the competition authorities      
required for the transaction were received in the beginning of August.          

The purchase price is EUR 230 million and it will be funded by using the        
Corporation's existing credit facilities. Fiskars Corporation acquires Iittala  
Group Plc from the private equity company ABN AMRO Capital, the company's       
management and other private shareholders. The top management of Iittala will   
retain a holding of about 2 percent in Iittala.                                 

Iittala Group will be consolidated as of September 1st and the company's net    
sales and operating profit, most of which is generated during the last months of
the year, will improve Fiskars' figures.                                        


Iittala Group will form a new European business within Fiskars Corporation      
alongside Fiskars Brands. Certain parts of the Housewares division of Fiskars   
Brands will be consolidated into Iittala Group where the market areas are       
shared. Tero Vähäkylä will continue as Iittala Group's CEO. Synergy effects will
follow in the next two to three years and are thereafter expected to reach EUR 5
million annually.                                                               

The net sales of Iittala Group in 2006 were approximately EUR 190 million, and  
some EUR 490 million for Fiskars consumer products operations, Fiskars Brands.  
The Housewares division represented 9% of the net sales for Fiskars Brands. The 
operating profit of the Iittala Group in 2006 amounted to approximately EUR 17  
million and the profitability of the Housewares division of Fiskars Brands was  
also good.                                                                      



Heikki Allonen                                                                  
President and CEO                                                               


Founded in 1649, Fiskars (www.fiskars.fi) is an international corporation which 
includes the subsidiaries Fiskars Brands, Inha Works, and the Real Estate Group.
Fiskars holdings in associated company Wärtsilä is also an important part of    
Fiskars Corporation. In 2006, the net sales of Fiskars Corporation was EUR 535  
million, its operating profit EUR 86 million. The Corporation employed some     
3,000 people around the world. Globally, the Corporation's best known products  
are its orange-handled scissors and its garden tools.