Newsroom

Atria Group plc's share issue will be exercised

10.5.2006 08:00
Atria Group plc's share issue will be exercised

These materials are not an offer for sale of the shares in the United States. The
shares may not be sold in the United States without registration or an exemption
from registration under the U.S. Securities Act of 1933, as amended. Atria Group
plc does not intend to register any portion of the offering in the United States
or to conduct a public offering of shares in the United States.

The Board of Directors of Atria Group plc (the 'Company') has decided to conclude
the receipt of subscription commitments on 9 May 2006 at 20.00 and to exercise a
share issue directed at selected Finnish and international institutional
investors. In the share issue, the Company's share capital will be increased by
1.70 euro at minimum and 1,870,000 euro at maximum by issuing no less than 1 and
no more than 1,100,000 new series A shares. The purpose of the share issue is to
finance investments and strengthen capital structure in order to enable the
continuation of international growth.

The decision of the Company's Board of Directors on increasing the share capital
is based on the authorisation granted to the Board of Directors by the Annual
General Meeting of Shareholders held on 3 May 2006 and on the subscription
commitments given by institutional investors through the book-building. The Lead
Manager of the share issue will notify the investors having given a subscription
commitment of the number of series A shares being directed at them by estimation
on 10 May 2006.

The subscription period for the shares will commence on 10 May 2006 at 9.00 a.m.
and expire on 15 May 2006 at 12.00. The shares will be subscribed by paying the
subscription price. The Company's Board of Directors has determined the
subscription price for the new series A shares to be 19.00 euro per share. The
Company's Board of Directors will determine on the acceptance of the
subscriptions when the subscription price for the shares has been paid. The terms
and conditions of the share issue are enclosed to this release.

After the share issue the 1,100,000 new series A shares offered to the investors
in the share issue correspond to approximately 4.96 per cent of all shares in the
Company and 1.05 per cent of votes attached to the shares provided that the share
issue is subscribed for in full. The subscription commitments given at the
subscription price in the book-building corresponded to approximately 2.6 times
the number of shares being offered for subscription.

The trading of the new series A shares on the Main List of the Helsinki Stock
Exchange will commence together with the existing series A shares of the Company
on or about 17 May 2006.

The Lead Manager of the share issue is OKO Corporate Finance Ltd.

ATRIA GROUP PLC
Board of Directors


For further information, please contact Matti Tikkakoski, President & CEO, tel.
+358 50 2582 or Erkki Roivas, Finance Director, tel. +358 400 160893


DISTRIBUTION
OMX the Helsinki Stock Exchange
Main media
www.atria.fi

Not for release, publication or distribution, in whole or in part, in or into the
United States, Canada, Australia or Japan.


APPENDIX: TERMS AND CONDITIONS OF THE SHARE ISSUE

TERMS AND CONDITIONS OF THE OFFERING
At its meeting held on 9 May 2006 the Board of Directors of Atria Group plc (the
'Company') has decided, on the basis of an authorisation granted to it by the
Company's Annual General Meeting of Shareholders on 3 May 2006 to increase the
share capital of the Company by the minimum of 1.70 euro and by the maximum of
1,870,000 euro on the following terms and conditions:

Subscription of shares

In the share issue a minimum of 1 and the maximum of 1,100,000 new series A
shares of the Company with a nominal value of 1.70 euro (the 'Shares') will be
offered for subscription to institutional investors (the 'Share Issue'). All
Shares will be offered, in deviation from shareholders' pre-emptive subscription
right, for subscription to such separately designated institutional investors who
have participated in the book-building arranged on 9 May 2006.

Subscription price

The subscription price of the shares is 19.00 euro per share.

Subscription place and period

The subscription period of the share issue will commence on 10 May 2006 at 9.00
a.m. and terminate on 15 May 2006 at 12.00. When necessary the Company's Board of
Directors may extend the subscription period of the Shares. OKO Corporate Finance
Ltd (the 'Lead Manager') will act as the Lead Manager of the Share Issue and
Opstock Securities will act as the agent for subscriptions.

Shareholder rights

The Shares offered in the Share Issue will rank pari passu with all outstanding
series A shares of the Company and they will entitle to any future dividends once
the corresponding increase in the share capital has been registered with the
Trade Register. The Shares will not entitle their holders to the dividend
declared by the Annual General Meeting of Shareholders on 3 May 2006.

Reasons for the deviation from the pre-emptive subscription right of the
shareholders

Shareholders' pre-emptive subscription right is being deviated from in order to
finance investments and strengthen the capital structure, thereby making it
possible for the Company to continue its international growth. Thus, from the
company's perspective, there is a weighty reason for the deviation from the pre-
emptive subscription right.

Payment of the shares

The subscription for the Shares will take place by paying in accordance with
chapter 3a, section 17 of the Finnish Companies Act the subscription price of the
Shares corresponding to the accepted subscription commitment in full to the bank
account given by the Company. The payment of the Shares shall be made during the
subscription period.

Oversubcription and undersubscription

The Company's Board of Directors will decide on the allocation of the Shares in
the event of oversubscription or undersubscription. Subscription commitments may
be accepted wholly or partially or they may also be rejected. In case of
undersubscription, the Company's Board of Directors may determine who has the
right and by which means to subscribe for the Shares which have not been
subscribed for under these terms and conditions.

Approval of the subscriptions

The Chairman together with an ordinary member of the Company's Board of
Directors, authorised by the Board of Directors, determine on the approval of the
subscriptions.

Other matters

The documents pursuant to the Finnish Companies Act are available for the
subscribers of the Shares at the Company's office in Seinäjoki. Upon request, the
Company will send copies of the above-mentioned documents to the subscribers of
the Shares.

Listing of the shares

The Company will file an application with the Helsinki Stock Exchange regarding
the listing of the Shares as an additional lot of quoted shares on the Main List
of the Helsinki Stock Exchange. The trading of the Shares is expected to commence
on the Main List of the Helsinki Stock Exchange together with the existing series
A shares of the Company on or about 17 May 2006. The trading symbol of the Shares
is ATRAV.

Number of the shares in the Company

The number of shares in the Company immediately prior to the Share Issue was
21,092,728. The number of the shares in the Company upon completion of the Share
Issue, and subject to all shares offered in the Share Issue being subscribed for,
will be 22,192,728.

Governing law

The Share Issue shall be governed by the laws of Finland. Any disputes relating
to or arising from the Share Issue shall be settled in a court with competent
jurisdiction in Finland.