Tornator Oy will issue a EUR 250 million senior secured bond

Tornator Oy      Press Release       11th December 2012 at 12:00 p.m.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA, HONG KONG OR IN
ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF SECURITIES. 

Tornator Oy, the third largest forest owner in Finland, has refinanced its debt
portfolio by issuing a new debentur