ETTEPLAN OYJ RAISES IT?S SHARE CAPITAL

ETTEPLAN OYJ RAISES IT’S SHARE CAPITAL

Etteplan Oyj increases it’s share capital as a consequence of the
agreement made on 10.6.2004 to acquire a majority stake in the
Timatec AB. The new shares have been entered into Trade Register on
20 July 2004. The amount of share capital increase is 6.784,20 euros
and the total amount of the new share capital after the increase is
434.245,00 euros.

In the direct share issue the total number 67.842 of new shares are
tradable from 21 July 2004 onwards. The shares are available for
trading together with the former shares.

The number of shares emitted in the connection with the share swap
represent only approximately 1,6 % of the entire share capital.
Therefore the Financial Supervision Authority (FSA) has granted
Etteplan Oyj an exception order according to which the company is
not obligated to publish a registration statement.

Hollola, 20 July, 2004

Etteplan Oyj

Board of Directors


For further information, please contact CEO Heikki Hornborg,
tel. (+358 3) 872 9011, mobile (+358 400) 873 063.


DISTRIBUTION      Helsinki Stock Exchange
                  www.etteplan.com