Newsroom

ATRIA GROUP PLC'S EXTRAORDINARY GENERAL

22.10.2003 09:00
ATRIA GROUP PLC'S EXTRAORDINARY GENERAL MEETING, 11 NOVEMBER 2003 

The Board of Directors of Atria Group plc has decided to convene an 
extraordinary general meeting of shareholders on 11 November 2003 to decide on 
the increase of the share capital through a rights issue based on shareholders' 
pre-emptive right to subscribe for shares. The share issue is intended to raise 
a maximum of EUR 26.4 million of new shareholders' equity. The funds raised by 
means of the share issue will primarily be used to strengthen the Group's 
capital structure for its drive to expand its international operations and to 
finance related investments.

ATRIA GROUP PLC

Seppo Paatelainen
President

DISTRIBUTION
Helsinki Exchanges
Principal media

ANNEX: INVITATION TO A GENERAL MEETING OF SHAREHOLDERS

The shareholders of Atria Group Plc are invited to an extraordinary general 
meeting to be held on Tuesday, 11 November 2003, starting at 14:00 at the 
company's office in Kuopio. The address is Ankkuritie 2, Kuopio, Finland.

The following matters will be handled at the general meeting:

1. The Board of Directors' proposal on amending 5 § of the Articles of 
Association.

5 § of the Articles of Association will be amended such that the minimum number 
of Series A shares shall be 6,200,000 and the maximum number shall be 
20,000,000.

2. The Board of Directors' proposal to increase the share capital through a 
rights issue by an amount that shall be not less than EUR 1.70 and not more than 
EUR 8,964,409.40, by issuing a minimum of one (1) and a maximum of 5,273,182 new 
Series A shares.

Shareholders who are registered in the company's shareholder register maintained 
by Finnish Central Securities Depository Ltd on the record date, 14 November 
2003, or persons to whom the subscription rights of a shareholder have been 
transferred, have the right to subscribe for one (1) new Series A share for each 
three (3) Series A or KII shares at a price of EUR 5.00 per share.

Shareholders who are registered in the company's shareholder register on the 
record date, 14 November 2003, and who have exercised their primary pre-emptive 
subscription rights, can, on the basis of their secondary pre-emptive 
subscription right, subscribe for new shares unsubscribed on the basis of 
primary pre-emptive subscription rights at a price of EUR 5.00 per share. If a 
shareholder wishes to subscribe for shares in the secondary subscription, he 
must announce, during the primary subscription, the number of shares he wishes 
to subscribe for on the basis of his secondary pre-emptive subscription right. 
If the subscriptions made exceed the number of shares on offer, the new shares 
will be distributed amongst the shareholders that subscribed for them in 
proportion to their shareholdings on the record date.

The Board of Directors shall have the right to decide who has the right to 
subscribe for the shares for which the pre-emptive right of shareholders to 
subscribe for shares has been left unused. Subscriptions based on the decision 
of the Board of Directors shall be made at the same subscription price as the 
subscriptions made on the basis of shareholders' pre-emptive subscription rights 
and the subscriptions must be made and the shares paid for by 19 December 2003. 

The subscription period for subscriptions based on the primary and secondary 
pre-emptive subscription rights of shareholders will begin on 19 November 2003 
and end on 12 December 2003. Subscriptions for the issue are handled through the 
OKO Bank Group member banks' branches offering securities services. The 
subscription price of the shares must be paid in full at the time of 
subscription. The shares subscribed for in the share issue entitle their holders 
to full dividends for the financial period that began on 1 January 2003. The 
shares entitle their holders to other rights in the company on the date the 
increase in the share capital has been registered.

Copies of the Board of Directors' proposal and their appendices and the 
documents specified in §4a of Chapter 4 of the Companies Act will be available 
for shareholders as from 4 November 2003 at the company's office in Seinäjoki 
(address: Vaasantie 1, Seinäjoki, Finland) and at the company's office in Kuopio 
(address: Ankkuritie 2, Kuopio, Finland). The company will send copies of these 
documents to shareholders upon request.

Participation in the general meeting and notice of intention to attend

Shareholders who have been registered in the company's shareholder register 
maintained by Finnish Central Securities Depository Ltd by 31 October 2003 have 
the right to participate in the meeting, unless otherwise decreed in law.

Shareholders who wish to attend the general meeting must notify the company of 
their intention to do so by 16:00 on Friday, 4 November 2003 at the latest, 
either in writing to the company's office, P.O. Box 900, 60060 ATRIA, or by 
telephone to +358 6 416 8306/Liisa Liukku. The letter must be received before 
the end of the deadline. Shareholders are requested to present any powers of 
attorney to the same address before the end of the deadline.

ATRIA GROUP PLC
Board of Directors