NOTICE OF THE ANNUAL GENERAL MEETING

Ponsse Oyj's shareholders are invited to attend the Annual
General Meeting to be held on Thursday 20 March 2003 at 10am at
Iisalmi Cultural Centre, Kirkkopuistonkatu 9, FIN-74100 Iisalmi,
Finland. The following matters will be taken up at the meeting:
matters belonging to the Annual General Meeting according to
Section 13 of the Articles of Association as well as the Board’s
proposal that a bonus in the amount of EUR 25 be paid to the
staff of Ponsse Oyj for each complete working month during the
year 2002. Bonuses will not be paid for employment relationships
that ended before 27 February 2003.

INFORMATION

Accounting documents and the Board's proposal are available for
the inspection of shareholders for a period of one week before
the meeting at the company's head office, Ponsse Oyj, FIN-74200
Vieremä, Finland. Copies of these documents will be sent to
shareholders on request.

ELIGIBILITY TO ATTEND

To be eligible to attend the Annual General Meeting, shareholders
should be registered by 10 March 2003 in the share register kept
by the Finnish Central Securities Depository Ltd. Shareholders
wishing to attend the Annual General Meeting should notify the
company of their intention to do so by 4pm Finnish time on 17
March 2003, either in writing to Ponsse Oyj, Share Register, FIN-
74200 Vieremä, Finland, by telephone on +358 (0)17 768 461, by
fax on +358 (0)17 768 4690 or on the company’s website at
www.ponsse.com/yhtiokokous. Written notifications must arrive
before the deadline above. Any letters of attorney should also be
received before the deadline.

PAYMENT OF DIVIDEND

The Board of Directors has decided to recommend to the Annual
General Meeting that a dividend of EUR 0.65 per share be paid for
2002. Dividends will be paid to shareholders who are registered
at the record date, 25 March 2003, as company shareholders in the
share register kept by the Finnish Central Securities Depository
Ltd. The Board of Directors will recommend to the Annual General
Meeting that the dividend be paid on 1 April 2003.

Vieremä, 27 February 2003


BOARD OF DIRECTORS

PONSSE OYJ

Tommi Ruha, President, CEO

Further information: CFO Mikko Paananen, tel. +358 (0)17 768 4648

www.ponsse.com

DISTRIBUTION
Helsinki Exchanges
Main Media