NOTICE TO CONVENE THE ANNUAL GENERAL MEETING STOCK EXCHANGE RELEASE March 13, 2008 The shareholders of Rapala VMC Corporation are invited to the Annual General Meeting to be held on Thursday April 3, 2008 at 10.00 a.m. at the address Arabianranta 6, 00560 Helsinki, Finland. The General Meeting will deal with the following issues: 1. Matters to be handled by the Annual General Meeting according to section 10 of the Articles of Association and the Finnish Companies Act 2. Authorisation of the Board of Directors to resolve on the repurchasing of the company's own shares The Board of Directors proposes that the Annual General Meeting of Shareholders shall authorise the Board of Directors to resolve on the acquisition of up to 2 000 000 own shares by using funds in the unrestricted equity taking, however, into account the provisions of the Finnish Companies Act on the maximum amount of own shares held by a company. The proposed number of shares corresponds to less than 10 per cent of all shares in the company. The shares may be repurchased to develop the company's capital structure. In addition, the shares may be repurchased to finance or carry out business acquisitions or other arrangements, to settle the company's equity-based incentive plans, to be transferred for other purposes, or to be cancelled. The shares may be repurchased in deviation from the proportion of the shares held by the shareholders. The shares will be repurchased through public trading arranged by OMX Nordic Exchange Helsinki Oy at the market price of the acquisition date. The shares will be acquired and paid in pursuance of the rules of OMX Nordic Exchange Helsinki Oy and applicable rules regarding the payment period and other terms of the payment. It is proposed that the authorisation be effective until the end of the next Annual General Meeting and repeal the authorisation to acquire own shares given by the General Meeting held on April 4, 2007. 3. Election and remuneration of the members of the Board of Directors It has come to the Board of Directors' knowledge that shareholders who represent approximately 51 per cent of the company's shares and votes will propose that the number of the board members be seven and that the current board members Emmanuel Viellard, Christophe Viellard, Eero Makkonen, Jan-Henrik Schauman, Jorma Kasslin, William (King Ming) Ng and Marc Speeckaert be re-elected for a term until the end of the next Annual General Meeting. The said shareholders will propose that the annual fees of the board members be EUR 30 000 and EUR 60 000 to the Chairman. 4. Appointment of the auditor The Board of Directors proposes that Ernst & Young Oy, corporation of Authorised Public Accountants, be appointed as the company's auditor for a term until the end of the next Annual General Meeting. Documents for the General Meeting The 2007 annual accounts and the Board's proposals are available to the shareholders at the company's office premises at Arabianranta 6, 00560 Helsinki and on the Internet at www.rapala.com as of March 27, 2008. The annual report will be available for viewing on the company's website as of week 12. Copies of the documents will be sent to shareholders upon request. Right to attend and vote The right to attend and vote at the General Meeting is afforded to a shareholder who has been entered as a shareholder in the list of shareholders kept by the Finnish Central Securities Depository Ltd. by March 20, 2008 and who has registered for the meeting no later than on March 31, 2008 by 4 p.m. Shareholders who hold their shares under a name of a nominee shall be temporarily registered in the company's list of shareholders by March 20, 2008. Registration A shareholder who wishes to participate in the General Meeting shall register for the meeting no later than on March 31, 2008 by 4 p.m. either in writing to the address Rapala VMC Corporation, Arabianranta 6, FI-00560 Helsinki, Finland, by telephone on the number +358 9 7562 5436/Milja Lindroos, or by e-mail to milja.lindroos@rapala.fi. The registration shall arrive before the registration deadline. Please send any proxies to the address given above by the registration deadline. Payment of dividends The Board of Directors proposes that a dividend of EUR 0.18 per share be paid on the basis of the adopted balance sheet for the financial year 2007. Dividends will be paid to shareholders who are registered in the list of shareholders kept by the Finnish Central Securities Depository Ltd. on the dividend record date, April 8, 2008. The date of payment of dividends is April 15, 2008. In Helsinki on March 13, 2008 RAPALA VMC CORPORATION Board of Directors For further information, please contact Olli Aho, Company Counsel, tel: +358 9 7562 540 Distribution: OMX Nordic Exchange Helsinki and main media Rapala VMC Corporation is a leading fishing tackle company and the global market leader in the fishing lures, treble hooks and fishing related knives and tools. The Group also has a strong global position in other fishing categories. The Group has its own distribution companies in all the main markets and the largest distribution network in the industry. The main manufacturing facilities are located in Finland, France, Estonia, Russia and China. The Group brand portfolio includes the leading brand in the industry, Rapala, and other global brands like VMC, Storm, Blue Fox, Luhr Jensen, Williamson and Marttiini. The Group, with net sales of EUR 242 million in 2007, employs more than 4 000 people in 30 countries.