NOTICE OF GENERAL MEETING

Ponsse Oyj’s shareholders are hereby invited to attend the Annual General
Meeting to be held on Tuesday 15 March 2005 at 10am at Metsäpirtin koulutus- ja
leirikeskus, Vanha Kainuuntie 6 a, Iisalmi.

Items of business to be transacted

1. routine business included in the Annual General Meeting under Article 13 of
the Articles of Association;

2. the Board of Directors’ proposal to define Article 13 of the Articles of
Association so that the financial statements to be presented at the Annual
General Meeting comprise the balance sheet, profit and loss account, cash flow
statement, notes to the accounts and the report by the Board of Directors’;

3. the Board of Directors’ proposal to pay a profit bonus to employees. Under
the proposal, a profit bonus of eur 85 would be paid to Ponsse Oyj’s employees for
each full month at work during 2004. No bonus is payable if the employment
contract ended before 11 February 2005; and

4. the Board of Directors’ proposal to authorise the Board to make a charitable
donation of eur 25,000 to the Einari Vidgrén Foundation, which is to be
established.

Information

The documents concerning the financial statements will be available for
inspection by shareholders at Ponsse Oyj’s head office in Vieremä for one week
before the AGM. Copies of these documents will be sent on request to Ponsse Oyj,
FI-74200, Finland.

Eligibility to attend the meeting

To be eligible to attend the meeting, shareholders should be registered as at 4
March 2005 in the company’s register of shareholders kept by the Finnish Central
Securities Depository (APK).

Shareholders wishing to attend the Annual General Meeting should notify the
company of their intention to do so by 4pm Finnish time on Friday 11 March 2005
either in writing to Ponsse Oyj, Share Register, FI-74200 Vieremä, Finland, by
telephone at +358 (0)17 768 461, by telefacsimile at +358 (0)17 768 4690, or
online at www.ponsse.com/yhtiokokous. Written notifications to attend the
Meeting must be received by the deadline above. Any proxy forms should be
enclosed with notification to attend the meeting. In addition to their name,
shareholders are also requested to give their personal number and or business
registration number.

Payment of dividend

The Board of Directors has decided to recommend to the Annual General Meeting
that a dividend of eur 0.20 per share be paid for 2004. The dividend will be paid
to shareholders registered in the register of shareholders kept by the Finnish
Central Securities Depository as at the record date, 18 March 2005. The Board of
Directors is to propose to the Annual General Meeting that the dividend be paid
on 30 March 2005 once the matching period has expired. The Finnish Central
Securities Depository Ltd has granted the company an exceptional permit for the
payment date.

Board of Directors’ composition and the company’s auditor

Ponsse Oyj’s shareholders representing more than 50 per cent of the shares and
votes are to propose to the Annual General Meeting that the number of Board
members be confirmed as six. Furthermore, they are to propose that Nils Hagman,
Ilkka Kylävainio, Mirja Ryynänen, Seppo Remes, Einari Vidgrén and Juha Vidgrén
be appointed Board members. All of these persons have consented to offer
themselves for election.

The said shareholders are to propose that Authorised Public Accountants Ernst &
Young Oy be re-appointed as the company’s auditors, with Heikki Laitinen APA as
the principal auditor.

Vieremä, 11 February 2005

BOARD OF DIRECTORS
PONSSE OYJ

Mikko Paananen, CFO

Further information: CFO Mikko Paananen, tel. +358 20 768 8648

DISTRIBUTION
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