Rautakirja Oyj's merger into SanomaWSOY Corporation has come into force and the implementation has been registered on 1 March 2003. Rautakirja Oyj has been dissolved.

Rautakirja shareholders will receive a merger consideration of 5.3 new SanomaWSOY B-shares for each Rautakirja A- or B-share. The SanomaWSOY shares to be given as merger consideration have been distributed to Rautakirja shareholders and can be traded at Helsinki Exchanges as from today.

A cash consideration for the fraction of the shares will be paid on 5 March 2003. The cash consideration will be a fraction of EUR 9.21. The cash consideration shall be calculated on the basis of the trade weighted average price quoted for Rautakirja A- and B-shares at Helsinki Exchanges between 21 November 2002 and 21 February 2003, i.e. EUR 48.79.


Raija Kariola
Vice President
Investor Relations and Group Communications

Helsinki Exchanges
Principal media