DIRECTED ISSUE OF EIRIKUVA DIGITAL IMAGE OYJ ABP


EIRIKUVA DIGITAL IMAGE OYJ ABP       COMPANY ANNOUNCEMENT      25.9.2008 


DIRECTED ISSUE OF EIRIKUVA DIGITAL IMAGE OYJ ABP

The Board of Directors of the company has, in order to strengthen the capital
structure of the company, decided on the directed share issue and directed
issue of option rights on the basis of the authorizations granted by the
ordinary General Meeting of 4.6.2008 and the extraordinary General Meeting of
16.9.2008. Mainly it is a question of private placement. 

The share issue is directed to Swedish Rite Internet Ventures AB who shall be
offered 2.660.000 shares for subscription, and to the major shareholders of
Eirikuva, owning at least 1 per cent of the company's shares as per 5.9.2008,
who shall be offered for subscription at the maximum of 860.000 shares. In the
issue maximum of 3.520.000 new shares of the company shall be issued. In the
directed issue the subscription price per share is 0,10 euros, which has
premium of 20-30 percent compared with the current price in the market. Premium
has been calculated from the last two months closing prices in 
First North marketplace.

As a result of payment of the subscription prices in the directed issue, the
company shall obtain new equity for 352.000 euros in total, if the issue is
fully subscribed. The minimum amount of each subscription is 50.000 shares. The
subscription period for the share issue ends on 15.10.2008, which period the
Board of Directors may extend if needed. 

To each of the subscribed shares is attached an option right on which a new
share can be subscribed for 0,10 euros by 31.3.2009. Therefore, maximum of
3.520.000 option rights shall be issued which entitle to the maximum of
3.520.000 new shares of the company. 

As a result of the directed share issue and possibly followed subscription of
the shares on the basis of the options, the company shall obtain new equity for
maximum of 704.000,00 euros. The total number of the shares shall, as a
consequence, increase to maximum of 10.560.000 shares. 

Rite Internet Ventures AB, from Stockholm, has undertaken to subscribe in the
issue 2.660.000 shares with 266.000,00 euros. If the share issue is fully
subscribed, Rite shall own 37,8 per cent of the company's shares and votes, and
if it uses the option rights relating to the subscription of shares, it shall
become the principal shareholder of Eirikuva Digital Image Oyj Abp with an
ownership of slightly over 50 per cent. 

The current principal shareholder, Amago Capital AB, shall after the directed
issue and use of option rights, own approximately 20 per cent of the company. 

Rite Internet Ventures AB is a risk venture capital company which invests in
Nordic internet companies. Rite Internet Ventures is a long term investor
participating as an active partner in companies with apparent development and
growth potential. The purpose of participation is to strengthen the financial
position of the companies and to expand their competence and contact network by
e.g. active board working. 


For more information:
Merja Ailama-Mäkitalo
Managing Director
Tel. +358 40 545 3357

Certified Adviser
Privanet Pankkiiriliike Oy
Tuomas Siltala
Managing Director
Tel. +358 50 560 3878