STROMSDAL CORPORATION STOCK EXCHANGE RELEASE 17 June 2008 at 7:30 hrs (Finnish time) DIRECTED SHARE ISSUE OF STROMSDAL CORPORATION The meeting of the Board of Directors held on 17 June 2008 has taken the following decision: 1. Directed Share Issue and Subscription of Shares The Board of Directors resolved to issue for subscription total of 2 462 600 new shares in deviation of the shareholders' pre-emptive subscription right. The shares are issued to the chairman of the Board of Directors Mr. Harry Salonaho(855 000 shares, subscription price approximately EUR 300 000) and to four Finnish professional and institutional investors that are unaffiliated with the company. The subscription price of each new share is EUR 0.35. The shares must be paid for by 23 June 2008 according to the terms and conditions of the share issue. The total subscription price of shares, EUR 861 910, is recorded entirely to the fund of invested non-restricted equity. With the permission of the Board of Directors, the subscription price may be paid by setting off receivables from the company. The Board of Directors considers that there exist weighty financial reasons to deviate from shareholders' pre-emptive subscription right. The reasoning for the directed share issue is to strengthen company's capital structure and liquidity and to secure the execution the business plan and investment plan. The subscription price is based on the estimate of the Board of Directors on the fair market value of the company´s share prior to execution of the share issue. When setting the subscription price, the Board of Directors have considered that a larger share issue to the shareholders and the public, and preparing a necessary prospectus, is not feasible considering the timetable and costs of such arrangement. The shares issued for subscription were subscribed in full at the meeting of the Board of Directors and the Board of Directors approved the subscriptions. STROMSDAL CORPORATION Board of Directors Further information: Mikael Åbacka Managing Director Tel. +358 400 737 452 Distribution: Helsinki Stock Exchange Main Media www.stromsdal.com STROMSDAL is a forest based industry company and its board mill is located in Juankoski, Finland. Stromsdal's sales and customer service network covers more than 30 countries, mainly in Europe. For demanding printing jobs Stromsdal offers its customers premium-quality graphical boards - GraphiArt Duo and GraphiArt Pro - with excellent combination of printability, brightness and stiffness. For food-packaging Stromsdal offers its speciality environmentally friendly product - Tecta - a dispersion coated barrier board, which is 100 per cent plastic-free, bio degradable and fully recyclable. Stromsdal's shares are listed on the Small Cap segment of the Helsinki Stock Exchange (OMX Nordic Exchange Helsinki Oy) under the company code STM1V. STROMSDAL CORPORATION Juankoskentie 7 A, P.O.Box 33, FI-73501 Juankoski Tel. +358 20 7109 200, Fax. +358 20 7109 210 www.stromsdal.com