OLVI PLC          RELEASE 9 April 2003 at 13.00 pm    1(1)


THE EFFECT OF THE OLVI BONUS ISSUE ON WARRANTS

On 9 April 2003, the Annual General Meeting of Shareholders of
Olvi Plc resolved to increase the share capital of the company by
a bonus issue of the amount of EUR 4,834,104 from EUR 4,834,104
to EUR 9,668,208. The bonus issue comprises 2,417,052 new shares.

Following the bonus issue, the Terms and Conditions of the
Warrants 1999 and 2002 have been amended so that the number of
shares to be subscribed with warrants will double and the share
subscription price will be cut in half. The number of A-shares to
be subscribed with the 1999 warrants is 500,000 and with the 2002
warrants 200,000. The share subscription price of the warrant
1999A/B listed on the main list of the Helsinki Exchanges is EUR
7.65, and two A-shares can be subscribed with one warrant.

OLVI PLC

Markku Rönkkö
Managing Director
Phone +358 17 838 5200 or +358 50 65 851


DISTRIBUTION:
Helsinki Exchanges
The main media
http://www.olvi.fi