Contents

Marimekko – 50 years 01 Business concept and strategy 03 Year 2000 03 President’s review 04

MARIMEKKO’S BUSINESS OPERATIONS 05 Clothing 06 Interior decoration 07 Accessories 08 Retail sales 09 Domestic wholesale 09 Exports and international operations 10 Licensing 10 Production and subcontracting 11 Grünstein Product Oy 11

FINANCIAL STATEMENTS 12 Report of the Board of Directors 12 Income statement 16 Statement of changes in financial position 17 Balance sheet 18 Notes to the financial statements 20 Five-year review 28 Per-share key figures 29 Formulas for the key figures 30 The Board of Directors’ proposal for the distribution of profit 31 Auditor’s report 31

Information on Marimekko’s shares 32 Administration and auditors 34 Stock exchange bulletins in 2000 35 Information for shareholders 36 Addresses Inside cover Marimekko - 50 years of eventful, colourful and creative life

1950 Marimekko is founded by Armi and Viljo Ratia 1980 All functions are housed on the company’s business The company is entered in the Trade Register premises in Herttoniemi, Helsinki, in 1983 on 25 May 1951 Amer Group Ltd assumes ownership of the Design is adopted as the basis of business operations company in 1985 Birth of the Marimekko concept Quoting of shares on Helsinki Exchanges ends Marimekko establishes its own network of stores 1990 Workidea Oy, owned by Kirsti Paakkanen, 1960 Rapid growth of business operations assumes ownership of the company in 1991 Rise to international prominence Reorganisation of business operations Commencement of exports and international operations Strong, profitable growth Reorganisation of business operations in 1968-1970 Listing on the I List of Helsinki Exchanges in 1999

1970 Rapid financial recovery 2000 Profitable growth Printing operations are transferred into the company’s Strong market position in Finland own premises in Herttoniemi, Helsinki, in 1973 Outlays on the development of exports Listing on Helsinki Exchanges, 1974 Strong growth in licensing operations

The Marimekko trademark is registered in 58 countries. Marimekko – 50 years

• 1 Major events during the 2001 jubilee year Marimekko today

• Marimekko’s exhibition commemorating its 50th jubilee year, Marimekko has taken a detour through its eventful 50-year Marimekko’s Past-Present-Future, is held at the Museum of history and returned to its roots; and now, both renewed and Art and Design in Helsinki from 17 May to 5 August 2001. bold, the company is ready to face the challenges of the Fashion artist Ritva Falla’s 25th anniversary exhibition is held future. Underpinning the company’s success is its belief in the in the same venue. original business idea and the ability to meet changes. Responsibility and the free reign given to creativity have led to • Marimekko celebrates its 50th anniversary on 25 May 2001. the birth of Marimekko’s corporate culture and its strong identity. • Fashion artist Jukka Rintala’s retrospective, Beauties of Marimekko’s business operations are based on the original Fashion – 25 years of Jukka Rintala’s design, is held at the Finnish Marimekko brand and the Marimekko concept, Finland Institute in Stockholm from 24 January to 28 February which is derived from the brand and represents the company’s 2001, at the Finland Institute in Paris from 8 to 31 March 2001 lifestyle thinking. Its product lines are clothing, interior and at Savonlinnan Maakuntamuseo (The Regional Museum decoration and accessories. of Savonlinna) from 5 July to 5 August 2001. The company’s net sales in 2000 amounted to EUR 33 million and it had a payroll of 306 at the end of the year. Exports • Textiles designed for Marimekko by textile artist Fujiwo and income from international operations accounted for 29% Ishimoto over a period of 25 years are showcased at the Amos of the company’s net sales in 2000. The company’s shares have Anderson Art Museum from 23 August to 7 October 2001. been quoted on the I List of Helsinki Exchanges since 1999. At the end of the financial year, there were 1,724 shareholders. Marimekko – 50 years

• 2 Business concept and strategy 2000

Fundamental business philosophy • Marimekko’s net sales increased by 25% • Growth in net sales by product line: • Creative design and its seamless connection to other subareas • clothing 29% of business operations comprise the core of Marimekko’s • interior decoration 27% business. • accessories 2% • A Marimekko product is a beautiful, functional and high- • Strong growth continued in Finland quality utility article. Each product must prove itself worthy of • Marimekko’s own stores increased their sales by 19% its design value by generating added value for both its user • sales to Finnish retailers grew by 26% and the Marimekko brand. • Exports and income from international operations were up 40% • Business operations are guided by a corporate culture that • Operating profit rose by 24% fosters creativity and genuinely values work and individual • The Board of Directors proposes that a dividend of EUR 0.50 be paid responsibility. per share, representing 61% of earnings per share

Strategic objectives Key figures

• Retaining its corporate identity and competitiveness in a global EUR million 2000 1999 Change, % business environment. • Ensuring profitable growth and continuity by focusing on the Net sales 33.1 26.4 25.1 company’s core business expertise area and its development. Share of exports and international • Increasing the value of the Marimekko brand as a Finnish and operations, % of net sales 28.5 25.6 international trademark. Operating profit 3.3 2.6 23.7 % of net sales 9.8 10.0 Strategy Profit before extraordinary items and taxes 3.1 2.7 15.8 • All business operations are based on design and quality. Earnings per share, EUR 0.82 0.74 10.5 • A distinct product policy that supports the Marimekko Dividend per share, EUR *)0.50 0.44 concept. Return on investment (ROI), % 18.5 22.4 • Upgrading the efficiency and flexibility of business operations Return on equity (ROE), % 16.7 18.6 by overhauling operating procedures and developing opera- Equity ratio, % 54.3 62.3 tional capabilities. Personnel at the end of • Enlarging and developing the distribution network by applying the financial year 306 254 20.5 operating models that strengthen the Marimekko trademark. *) Proposal of the Board of Directors Financial objectives The formulas for the key figures are presented on page 30. Return on equity over 15% Operating profit as a share of net sales 10% Equity ratio 60% Dividend from earnings per share at least 50% Business concept and strategy; Year 2000 Business concept and strategy; Year

• 3 President’s review

This will be Marimekko’s 50th year. When I first came to Marimekko about ten years back, I The company’s business concept analysed the company’s history thoroughly: what had been done emerged from a strong desire to right during periods of success, and what had gone wrong when create something new, unique, long- the company failed. We decided to return to the original business lasting and beautiful for post-war concept and operating model – and now that we have adhered to Finland. The ability to see beneath them, we have found success again. the surface of the living environment and the changes taking place in it In accordance with our basic business concept: was required to make this dream • Marimekko is a design house where design occupies come true. This was the soil from pride of place in the organisation; in fact, the entire which came Marimekko’s power of organisation serves design generating ideas, products and • only the field’s best designers are hired to work personalities whose stories have lived on and laid the foundations for Marimekko for the development of a strong Marimekko brand. • each Marimekko product must prove itself worthy of its own design value Design value is part of the business concept • all Marimekko products are utility articles first and When a company is established, its primary wellspring is its busi- foremost; Marimekko makes ”everyday beauty” ness concept. A good business idea keeps evolving with the times, • quality is one of the most important objectives in all yet never loses its individuality and basic strengths. In time, a functions and at all levels. strong corporate culture accretes around a good business idea, ushering in the birth of a strong brand. The life of the brand is Design, no matter how brilliant it is, is not enough on its own informed by the business concept, and reflected in it are all the to bring a company to success. Personnel who are committed to functions of the company, such as product design, product differ- joint goals, know their responsibilities and have adopted the entiation, segmentation, marketing, communications and person- company’s code of values and business philosophy have a crucial nel policy. The better controlled, clearer and more individual the role to play in the development and success of every company. company’s public image, the better it stands out to its advantage Marimekko has all the basic elements required for success: a from the ranks of its competitors. A brand must be so original that functional business idea, a strong brand, top-notch designers and it cannot be copied. personnel who are all proficient and dedicated to the job. Design plays a key role in a good business concept. It is by Marimekko can begin the celebration of its 50th anniversary means of design that a product is given the features by which the in good spirits. Last year, our sales grew briskly and we landed consumer primarily evaluates the product and decides whether or many new customers. We consolidated our position in the Finnish not to buy it. These features include the appearance of the product, market, and exports also began to grow as expected. Towards the the materials it is made of and how practical and fashionable it is. end of the year, we launched a large-scale project to modernise If a product fulfils the consumer’s expectations and requirements our operations control system; this project is scheduled for during actual usage as well, it also generates positive images of the completion by the end of the present year. entire company that made it. Thus, design is also very important Our estimates on this year’s growth are based on general finan- in a company’s brand building efforts. cial forecasts and are guardedly optimistic. We are prepared to Marimekko is an example of a company that had a clear and meet upcoming challenges; however, changes in our field occur insightful business consept when it was founded 50 years ago. The rapidly and are often unpredictable. For this reason, we must be architect of the concept was Armi Ratia, a great visionary and not only bold, but also realistic. genius. The quality of the original business and product concepts On behalf of the 50-year-old Marimekko, I would like to ex- led to the creation of a brand that was strong enough to carry Mari- tend my thanks to our capable personnel and subcontractors, all mekko through difficult times, even through those periods when our customers and our shareholders for a job extremely well done the company temporarily lost track of the business concept itself. and for your confidence in our company. s review ’

Kirsti Paakkanen President

• 4 Marimekko’s business operations

Net sales by market area and product line (EUR million)

By market area 2000 1999 Finland 23.7 19.6 Other Nordic countries 3.0 2.4 Rest of Europe 4.2 2.5 North America 1.5 1.3 Other 0.7 0.6

33.1 26.4 By product line Clothing 20.6 15.8 Interior decoration 9.2 7.3 Accessories 3.3 3.3

33.1 26.4

Net sales by market area 2000 Trend in net sales by product line 1996-2000, North America 4.4% EUR million Other countries 2.3% Rest of Europe Finland 71.6% 12.8% 35

30

25

Other Nordic countries 8.9% 20

Net sales by product line 2000 15

Accessories 10.1% 10 Interior Clothing 62.0% decoration 27.9% 5

0 96 97 98 99 00 Clothing Interior decoration Accessories s business s operations ’ Marimekko

• 5 Clothing

Clothing is the product line that generates the largest net sales for Marimekko and which is the most demand- ing in operational terms. In 2000, net sales of clothing grew to EUR 20.6 million, representing an increase of 29.1% on the previous year. Exports and income from international operations accounted for 30.7% of net sales of clothing. Sales of clothing grew steadily in all market areas. The tighter international competition in the clothing business and consumers’ increased requirements have given rise to new challenges for clothing design, production and marketing. In the development of its clothing line, Marimekko implements the basic premises of its business: in- dividual design and high quality. The collections represent excellence in design in the field. Efforts are made to keep the product range sufficiently extensive and diverse, but also structurally flexible so that it can be altered and renewed. The product range comprises classic products, high-volume products and collections sold in small series. Marimekko unveils four new sets of collections each year, of which the spring and autumn collections are extensive basic collections. The collections include not only classically-stylish business clothing and high-quality wear for everyday and leisure use, but also beautiful festive clothing with a personal touch. Clothing collections are given their own distinctive stamp by highlighting the name of the designer in their marketing and indicating it on the products themselves. In autumn 2000, Marimekko launched a completely new product group, a mens- wear collection designed by Matti Seppänen. The collection was well received by the market and brought an important new customer group to Marimekko. Juha Marttila’s spring collection of clothes featuring prints designed by Maija Isola in the 1960s became a big hit among young people and a sales success. The com- bination of old printed textile patterns with modern fashion design was an ingenious example of the retro spirit that held sway in international fashion. Textile patterns designed in different decades will be used on clothing in 2001 as well. The spring’s new printed fabric outfits have received a very enthusiastic response on the market. Marimekko’s collections for 2001 include clothing by two new designers. Riitta Kokkonen, who received the Young Designer of the Year 2000 award in Finland and won the Mittelmoda fashion competition in Italy, has designed a new women’s clothing collection for Marimekko. Susanna Tuominen in turn came up with a children’s clothing collection entitled Raakku and Vaakku. The main designers of Marimekko’s clothing collections are Ritva Falla, Jaana Parkkila, Jukka Rintala, Matti Seppänen and Marja Suna. Clothing

• 6 Interior decoration

The year now ended was successful for Marimekko’s interior decoration products. Net sales were up 26.8% on the previous year and amounted to EUR 9.2 million. Exports and income from international operations accounted for 25.9% of net sales of interior decoration products. Sales were stimulated by con- sumers’ increased interest in home decoration and Marimekko’s successful product launches. Interior decoration products represent Marimekko’s original core competence area and are one of the pillars of Marimekko’s image. Marimekko’s interior decoration products include cotton and linen fabrics, which are printed at the company’s own textile printing factory, as well as ready-made products such as bed linen, bathroom textiles, table-setting products and gift items. The product range also features a special collection of contract furnishing fabrics. Thanks to persistent product de- velopment efforts, the share of home furnishing sales account- ed for by ready-made products has grown constantly. The greatest increase in sales has been seen in the product group comprising bed linen and bathroom textiles. In 2000, the share accounted for by these products rose to slightly over 40% of total sales of interior decoration products. At the beginning of 2000, Marimekko relaunched a selection of textiles designed by Maija Isola in the 1950s and 1960s featuring large geometric shapes. The collection makes an ideal match for today’s trends and has been a sales hit both in Finland and abroad. In spring 2001, the collection will be complemented with the launch of Maija Isola’s plant-themed patterns from the end of the 1950s. Thanks to the prevailing currents in fashion, Mari- mekko’s numerous classic textiles from different de- cades are now acclaimed as representatives of excellence in design from their respective eras. This has become evident both in Finland and different parts of the world. In January 2001, the Heimtextil fair in Frankfurt, Germany, chose to showcase Marimekko’s products at its stand devoted to trendy products. Heim- textil is the world’s most significant fair for interior textiles. The head designers of Marimekko’s interior decoration collections are Fujiwo Ishimoto and Kristina Isola. The young generation of international designers is represented by Robert Segal from the United States and Anna Danielsson from Sweden, both of whom designed fabrics for Marimekko’s spring 2001 collection. Interior decoration

• 7 Accessories

Net sales of Marimekko’s accessories amounted to EUR 3.3 million in 2000, up 2.2% on the previous year. Exports and income from international operations accounted for 22.5% of net sales of accessories. Most of the bags sold in 2000 were manufactured at Marimekko’s own factory in Sulkava, Finland. Marimekko’s accessories include bags and other accessories. The basic bag collection comprises a wide selection of classic bags made of nylon and canvas, leather bags, backpacks, mobile phone cases, purses and toiletry bags. Several new sets of products are launched annually. Their design fundamentals are trendiness and co- ordination with new items unveiled in Marimekko’s other product lines. In addition, the collections now more frequently include bags targeted at niche customer segments or designed for a certain usage purpose. Accessories are figuring as an increasingly important element in fashionable dressing, and thus Marimekko’s clothing designers are now also incorporating into their collections a greater number of bags, backpacks and other accessories to complement the clothing. Accessories

• 8 Retail sales

Marimekko has 25 stores of its own in Finland. They are Marimekko’s most important sales and marketing channel domestically. The company’s own chain of stores has become even more significant now that the globalisation of trade has heated up competition for customers. The location of the stores, well-designed interior decoration, a solid product concept and personalised customer service are Marimekko’s assets for responding to tightening competition. The sales and customer figures of Marimekko’s own stores in Finland have grown vigorously each year. In 2000, sales by Marimekko’s domestic stores climbed by 18.5% compared with the previous year. An increasingly diverse product range and competi- tion for customers entail that the functionality and overall look of the stores be constantly reworked. During the 2000 financial year, the major overhaul site was Mari- mekko’s store in Jyväskylä, which moved to new, larger premises in a better business location. The on-going development of stores attends to the comprehensive management of customer relationships; information received through the stores is utilised both in marketing and in efforts to improve customer service.

Domestic wholesale

Alongside Marimekko’s own stores, retailers form a significant part of the distribution network for Marimekko products in Finland. Thanks to long-term and stable co- operation with the retailers, Marimekko is well poised to develop the retailer network. Sales to Finnish retailers have grown steadily each year. In 2000, sales rose by 25.8% compared with the previous year. About 80 retailers sell Marimekko products in Finland. During the report year, Marimekko began to co-operate with new retailers in Töysä and Keuruu. Retail sales; Domestic wholesale

• 9 Exports and international operations

In 2000, Marimekko’s exports and income from international operations grew by 39.5% compared with the previous year and amounted to EUR 9.4 million, accounting for 28.5% of the Group’s net sales. Marimekko products are exported to around 20 countries. In 2000, the Group’s major export countries were Germany, Sweden, the United States, Russia, Switzerland, the Netherlands, Norway and France. Marimekko has subsidiaries in Sweden and Germany. Mari- mekko’s sales in Sweden are supported by its own retail store in Stockholm. Exports to other countries are primarily handled through local agents and importers. In 2000, Marimekko had somewhat over 700 foreign retailers. In 2000, the main focus of the development of exports and international operations was on the reorganisation of functions in Sweden and Germany, the main market areas. During the financial period, Marimekko also went into developing the existing retail network and finding new distribution channels. Marimekko’s strategy is to concentrate on stepping up exports to areas where the company already has an established sales presence and evident growth potential. The profitability of sales is upgraded by focusing on key customers and honing the product concepts that are offered to export markets. Efforts are made to expand and to develop the retailer network by means of operating models that strengthen the Marimekko brand.

Licensing

Licensing is geared towards the utilisation of Marimekko’s product design and brand on a larger scale than in its own manufacturing operations. The most significant share of royalty earnings from the sale of licensed products comes from the United States and Japan, countries where Marimekko’s licensing sales go far back. In the United States, children’s clothing, wall- paper, bed linen, bathroom textiles and fabrics for outdoor use are manufactured under license, while in Japan licensed produc- tion covers bed linen and other home textiles. The licensed products manufactured in Finland comprise paper napkins and glassware. In 2000, the Group’s royalty earnings from the sale of li- censed products were up 4% compared with the previous year. Sales of licensed products were at the previous year’s level in the United States, while the trend in sales exceeded expectations in Finland. In Japan, the country’s stagnant economy has weakened sales of licensed products. Efforts are made to stimulate licensing sales by launching new collections, strengthening co-operation with the company’s present licensed manufacturers and by seeking licensing partners in new markets. Exports and international operations; Licensing

• 10 Production and subcontracting

Increasingly diverse collections, larger sales volumes and shorter series have increased the demands placed on Marimekko’s production. In 2000, all of Marimekko’s own production plants operated at full capacity. The production volume of the printing factory in Herttoniemi, Helsinki, grew by 12% compared with the previous year. Slightly under half of all Marimekko products sold in 2000 were manufactured in Marimekko’s own factories. The share of products subcontracted abroad remained at the same level as in 1999. About 80% of all the products sold were manufactured in Finland. During the 2000 financial year, the quality control of fabrics used by the printing factory was developed by updating the testing equipment and methods. In 2001, the Group’s new operations control system will be brought into use; it is expected that it will improve the efficiency of the management of production, material flows and logistics.

Grünstein Product Oy

In August 2000, Marimekko acquired the shares outstanding in the fashion house Grünstein Product Oy. Grünstein Product designs, manufactures and markets high-quality leather and fur products, outdoor clothing and other branded products. The company has its own factory in Loviisa, Finland. Its products are marketed in Finland and abroad under their own brands through the company’s own distribution network. Exports account for about 90% of Grünstein Product Oy’s aggregate sales. The major export countries in 2000 were Germany, Russia, France, Japan, Sweden and Switzerland. The company operates as a separate and independent subsidiary in its specialised areas of expertise. The company’s managing director is Mirja-Leena Kullberg. nstein Product Oy nstein Product ü Production and subcontracting; Gr Production

• 11 12 Report of the Board of Directors operations accountedfor25.9% ofnetsalesinteriordecorationproducts. products rosetoslightlyover 40%. Exportsandincomefrominternational bed linenandbathroomtextiles; itsshareofthesalesinteriordecoration growth insaleswasseenthe Bed&Bathproductgroup,whichcomprises increased vigorouslybothinFinlandandexportmarkets. Thelargest EUR 9.2million(EUR7.3million).Salesofallinteriordecoration products accounted for30.7%ofnetsalesclothing. both grewsteadily.Exportsandincomefrominternational operations million), up29.1%onthepreviousyear.Exportsalesand sales inFinland products developedparticularlywell,increasingby49.0%. 2000 (EUR13.2million). previous year.Marimekko’sownstoreshadnetsalesofEUR16.9millionin stores grewby30.7%comparedwiththecorrespondingperiodof total of18.5%comparedwith1999.InDecember,salesbytheFinnish rest ofEurope,12.8%,NorthAmerica,4.4%,andothercountries,2.3%. by marketareaisasfollows:Finland,71.6%,otherNordiccountries,8.9%, ior decoration,27.9%,andaccessories,10.1%.Thebreakdownofnetsales breakdown ofnetsalesbyproductlineisasfollows:clothing,62.0%,inter- business functionsthatwereacquiredinAugust2000was16.2%.The million). Incomparableterms,growthinnetsalesexclusiveoftheGrünstein Marimekko’s netsalesgrewby25.1%andwereEUR33.1million(EUR26.4 Net sales passed expectations,andgoodgrowthwasevidentinexportmarketsaswell. both inFinlandandexportmarkets.Theincreasesalessur- increased competitioninthefield. home textilesby1%.InFinland,theglobalisationoftradehasdramatically Foreign salesofclothingandtextilesincreasedby4%,9% land, salesofclothinggrewby1%andhometextiles8%lastyear. of TextileandFootwearImportersWholesalersindicatesthat,inFin- land andinthemainexportmarkets.ThedatacollectedbyAssociation In 2000,thepositivetrendinconsumergoodstradecontinuedFin- General overview Report oftheBoardDirectors Net salesofinteriordecorationproductsgrewby26.8% and totalled Net salesofclothingin2000amountedtoEUR20.6million (EUR15.8 Sales toretailersinFinlandwereup25.8%.ofinterior decoration The storesownedbyMarimekkoinFinlandimprovedtheirsalesa During the2000financialyear,Marimekko’ssalesdevelopedpositively 10 15 20 25 30 35 1 0 5 0 4 8 2 0 1 2 3 4 EUR million Net sales1996-2000, % ofnetsales 1996-2000, Operating profit 96 97989900 96 97989900 EUR million 1996-2000, Operating profit 96 97989900 United Statesremainedatthesamelevelasin1999. the previousyear,butslowerthanexpectedinJapan.Licensing salesinthe pared with1999.Thetrendinlicensingsaleswasbetter Finland thanin got toapromisingstart. where salesofMarimekko interior decorationproductsmatchedexpectations. the year,salesofclothingbegantorisedelightfully.Thetrendin beginning ofFebruary2001. year. Marimekko Earnings contract furnishingfabricsfell. 12% onthepreviousyear.Salesofbusinessgiftsincreased,whereassales accounted for22.5%ofnetsalesaccessories. Finland bothgrew.Exportsandincomefrominternationaloperations increase of2.2%comparedwiththepreviousyear.Exportsalesandin a newsalesshowroominD subsidiary inFrankfurtwerestrengthenedandadecisionwasmadetoopen Marimekko started upattheendoffinancialyear.Atturnyear, steadily inGermany.ReorganisationsofthesalesfunctionsGermanywere acquisition ofGr Marimekko. In2000,Germanybecameitslargestexportareaduetothe previous year,butfellshortofthetargets. opened intheNKdepartmentstoreGothenburg. ior decorationproducts.InDecember2000,aMarimekkoshop-in-shopwas targets werenotmet.Significantgrowthwasseenespeciallyinsalesofinter- financial year,salesbegantoincreaseclearlyinSweden,butthetotal sales personnelwerehiredandfunctionsreorganised.Attheendof Marimekko madegreatoutlaysonitsSwedishsubsidiary,whereadditional most importantmarketarea. ures. ThebulkofexportswenttocontinentalEurope,whereGermanyisthe exports wasalsofavourablewhenexaminedonthebasisofcomparablefig- was theoutcomeofacquisitionGr Group 39.5% toEUR9.4million(EUR6.7million),accountingfor28.5%ofthe was significantlyburdenedby outlaysonthedevelopmentofbusiness represented 9.8%oftheGroup EUR 2.0million(EUR1.7million), or6.1%ofnetsales.Operatingprofit increase of23.7%ontheprevious year.Marketingexpensesamountedto All ofMarimekko Royalty earningsfromsalesoflicensedproductsincreased by4%com- During thefinancialyear,exportsalsoexpandedtonewtargetcountries, Sales intheUnitedStatesgrewfasterthanexpected.Towardsendof The Group Total netsalesofbusinessgiftsandcontractdivisiondeclinedby Net salesofaccessoriestotalledEUR3.3million(EURmillion),an Germany isanexportareaoflongstandingandhighimportanceto Exports toNorwayandDenmarkincreasedslightlycomparedwiththe In thedevelopmentofexportoperationsduring2000financialyear, ’ s netsales.Partofthegrowthinexportsandinternationaloperations ’ ’ s retailstoreinMunichwasclosed.Thesalesresourcesofthe s operatingprofitwasEUR3.3 million(EUR2.6million),an ’ s exportsandincomefrominternationaloperationsgrewby ü nstein ProductOy.Duringthereportyear,salesgrew ’ s ownfactoriesoperatedatfullcapacitythroughoutthe ’ s interiordecorationproductsinparticularhave ü sseldorf. Thisshowroomwillbeopenedatthe ’ s netsales.Thegrowthofoperating profit ü nstein ProductOy,butthetrendin 10 15 20 25 10 15 2 2 0 5 0 5 0 5 0 1 2 3 4 items andtaxes1996-2000, U illi EUR P (ROI) 1996-2000,% Return oninvestment EUR million items andtaxes1996- Profit beforeextraord (ROE) 1996-2000,% Return onequity 96 97989900 96 97989900 96 97989900 ro fit

b e f ore ex t raor di 2 i nary 13 Report of the Board of Directors 14 Report of the Board of Directors liquid assetsamountedtoEUR2.8millionattheendoffinancialyear. in Marimekko current interest-bearingliabilities.Gr included thepurchasepriceofsharesandGr Product Oyintheirentirety.ThedealwasvaluedatEUR2.3million,which Gr increase ininterest-bearingliabilitieswasduetotheacquisitionof holders stein ProductOy. to 54.3%.ThedeclineintheequityratiowasdueacquisitionofGr shares. 1,362,200, representing50.8% ofthetotalvotesconferredbycompany directly bymembersofthe Board ofDirectorsandthepresidentwas a nominee shareholders on31December2000.Oftheshares,0.7%were registeredin 2,680,000 shares,eachhavinganaccountingcountervalueof EUR2.00. recorded intheTradeRegister,amountedtoEUR5,360,000, consistingof At theendoffinancialyear,company Shares andsharetrend In August2000,MarimekkoboughtthesharesoutstandinginGr Changes intheGroupstructure The Group Equity ratioandfinancing Marimekko Marimekko puter softwareandhardware,theSwedishsalesoffice,renovationof of Gr lion). Themostsignificantinvestmentitemwastheacquisitionofshares The Group Investments sales. Depreciation grewtoEUR0.7million(EUR0.6million),or2.2%ofnet functions inSwedenandthemarketingofMarimekko net sales. lion). AdjustedearningspersharewereEUR0.82(EUR0.74). year amountedtoEUR0.9million. incurred duringthetimeofpreviousownership.Thetaxesforfinancial previous year. cial yearamountedtoEUR3.1million(EUR2.7million),up15.8%onthe ü The Group The ratioofinterest-bearingliabilitiesminusliquidassetstoshare- During 2000,a totalof893,013Marimekko sharesweretradedrepre- According tothebook-entryregister,MarimekkoCorporation had1,724 The Group The Group Profit aftertaxesforthefinancialyearwasEUR2.0million(EUR1.9mil- Extraordinary expenses,EUR0.2million,consistofpensionliabilities nstein ProductOy. ü nstein ProductOy.Otherinvestmentswereprimarilytargetedatcom- ’ equity(gearing)was23.6%(-2%asat31December1999).The ’ ’ s name.Thetotalnumberofshares ownedeitherdirectlyorin- ’ ’ s grossinvestmentsamountedtoEUR1.9million(EUR6.1mil- s ownretailstores. s officesinHelsinki,andthemodernisationrefurbishingof ’ s equityratiodeclinedfromlastyear ’ ’ ’ s netfinancialitemsamountedtoEUR0.2million,or0.5%of s profitbeforeextraordinaryitemsandthetaxesforfinan- ’ s figuresasof1September2000. s financingfromoperationswasEUR2.8millionandits ü nstein ProductOyhasbeenincluded ’ s paid-insharecapital,as ü nstein ProductOy ’ s figureof62.3% ’ s 50thanniversary. ü ’ s non- nstein ü n- ’ s 2 3 100 1 00 00 20 40 60 80 00 0 2 4 6 8 0 0 EUR million Investments 1996-2000, 1996-2000, % Equity ratio 1996-2000 Average personnel 96 97989900 96 97989900 96 97989900 ment oftheGroup major investmentsinthe2001 financialyearwillbefocusedonthereplace- launched. related toMarimekko than inthepreviousyear.Thepositivetrendsalesissupported byevents foreign salesareexpectedtogrowfasterduringthepresent financialyear grow buoyantly.Theoutlookforexportsimprovedattheend of2000,and during the2001financialyear.SalesinFinlandareexpected tocontinue Guidelines forInsiders,wereadoptedon1March2000. anticipated thatMarimekko Exports areexpectedtoincreaseinthenearfuture. ment initsbusinessclimate,whilethetextileindustryislooking atadecline. expected toremainunchanged.Theclothingindustryforesees animprove- Clothing IndustriesinNovember2000,thefield On thebasisofdatacollectedbyFederationFinnishTextileand Outlook for2001 date and13March2001asthedividendpayoutdate. financial year.TheBoardwillpropose6March2001asthedividendrecord the 2000financialyear,representing61%ofearningspersharefor eral MeetingthatadividendofEUR0.50persharebepaidasdividendsfor 31 December2000.TheBoardofDirectorswillproposetotheAnnualGen- The Group Annual GeneralMeeting Dividend payment proposaltothe The Group Insider regulations in eurossince1999. financial period.TheGroup stages suchthatthechangeoverwillbecompletebyendofpresent The Groupwilladopttheeuroasbothitstradingandhomecurrencyin Changeover totheeuro 274 (244). whom 8(7)workedabroad.Theaveragenumberofemployeesin2000was At theendoffinancialyear,Marimekkoemployed306(254)people, Personnel warrants, ortoacquirethecompany isations tocarryoutashareissueorofconvertiblebondswith capitalisation on31December2000wasEUR13.4million. the endofyear,sharepricewasEUR5.00.Thecompany and thehighestwasEUR7.20.Theaverageshareprice5.72.At was EUR5,107,976.In2000,thelowestpriceofshares4.90 senting 33.3%ofthesharesoutstanding.Thetotalvalueshareturnover In 2001,theGroup On thebasisoftrendsinfieldandmarketsituation, itis At theendofreportyear,BoardDirectorshadnovalidauthor- ’ s insiderregulations,whichcomplywithHelsinkiExchanges ’ s distributablefundsamountedtoEUR5.4millionon ’ s operationscontrolsystemand therefurbishingofstores. ’ s 50thjubileeyearandthenewcollectionsthatwillbe ’ s relativeprofitabilityisexpected toimprove.The ’ ’ s comparablenetsaleswillgrowbyagood20% s profitandlossbulletinshavebeenpublished ’ s shares. ’ s businesscyclesare ’ s market ’ 15 Report of the Board of Directors 16 Income statement te prtn noe2 55 357 4127 296 402 11164 4808 83 25902 416 13020 430 PARENTCOMPANY 30201 7274 58 9277 313 587 26412 8721 11735 85 GROUP 120 4. 33052 738 3. 1. 2. 5. Depreciation andvalueadjustments Personnel expenses Materials andservices Other operatingincome or unfinishedproducts Increase ordecreaseininventoriesofcompleted NET SALES (EUR 1000) N AE 5 7 3 2488 -95 2333 -198 -109 -433 2679 2602 84 2858 5 2782 2686 -16 7961 2766 9660 2629 -239 45 8. 3253 2674 7016 9. -156 3097 8810 7. Increase indepreciationdifference 6. AND TAXES PROFIT BEFOREAPPROPRIATIONS Extraordinary items PROFIT BEFOREEXTRAORDINARYITEMS Financial incomeandexpenses OPERATING PROFIT Other operatingexpenses iettxs1.837760678 650 1715 1574 747 1932 843 2015 10. EUR 1=FIM5.94573 NET PROFITFORTHEPERIOD Direct taxes Income Statement iettxs5014433864034 14795 3866 -566 10195 13872 -1176 4443 9360 -646 -2577 15932 499 5011 11489 15472 16990 29 11979 -95 16544 338 24536 15971 47331 66378 1761 -1426 2389 28589 16449 15634 57433 493 154007 269 77412 2474 PARENTCOMPANY 19342 2555 179566 43249 15903 41717 345 -926 55156 1862 51855 18416 52378 NET PROFITFORTHEPERIOD 157041 3492 69772 Direct taxes 196516 506 Increase indepreciationdifference 714 GROUP AND TAXES 4389 PROFIT BEFOREAPPROPRIATIONS Extraordinary items PROFIT BEFOREEXTRAORDINARYITEMS Financial incomeandexpenses OPERATING PROFIT Other operatingexpenses Depreciation andvalueadjustments Personnel expenses Materials andservices Other operatingincome or unfinishedproducts Increase ordecreaseininventoriesofcompleted NET SALES (FIM 1000) Income Statement 0019 001999 2000 1999 2000 0019 001999 2000 1999 2000 iaca xess-8 1 18-10 3 86 -239 -168 158 20 2481 -14 51 2179 3 -182 425 73 3004 3212 Interest receivedfromoperations Dividends receivedfromoperations financial expenses Paid interestandpaymentsonotheroperational 3217 items andtaxes Cash flowfromoperationsbeforefinancial 3991 Change inworkingcapital: Cash flowbeforechangeinworkingcapital ihsise2892879 -185 6209 3847 2257 3700 -387 -221 1590 2505 -1342 -185 2879 1345 3847 -185 6209 3970 2317 -1 179 3700 1013 -394 -3531 1653 2765 -311 -1205 -185 EUR 1=FIM5.94573 -63 2586 -2268 3970 -421 311 Financial assetsattheendoffinancialperiod -3531 Financial assetsatthebeginningoffinancialperiod -1179 -198 Increase (+)/decrease(-)infinancialassets -1105 -6053 1147 -223 CASH FLOWFROMFINANCING -2 268 Dividends paidandotherdistributionofprofit -239 -1274 Long-term loansrepaid -63 Long-term loansdrawndown 1386 2161 -6053 Short-term loansrepaid Short-term loansdrawndown Rights issue 5 -1214 -1274 -944 CASH FLOWFROMFINANCING 2156 CASH FLOWFROMINVESTMENTS -46 -898 Investments intangibleandintangibleassets CASH FLOWFROMINVESTMENTS PARENTCOMPANY 2686 CASH FLOWFROMOPERATIONS Cash flowfromextraordinaryitems(net) Cash flowbeforeextraordinaryitems Direct taxespaid 2767 GROUP 2675 3097 Adjustments: Profit beforeextraordinaryitems CASH FLOWFROMOPERATIONS (EUR 1000) Statement of changes in financial position Statement ofchanges infinancial urn iblte 157-1 5 -532 151 -2356 -355 -515 -84 -33 -849 1527 15 -120 -403 -45 -2636 -2457 156 current liabilities Increase (-)/decrease(+)innon-interest-bearing Increase (-)/decrease(+)ininventories bearing currentsalesreceivables Increase (-)/decrease(+)innon-interest- Financial incomeandexpenses ercainacrigt ln785740402 430 587 738 Depreciation accordingtoplan 0019 001999 2000 1999 2000 17 Statement of changes in financial position 18 Balance sheet agbeast 125965971611820 574 1691 600 PARENTCOMPANY 5907 1934 5966 GROUP 1937 545 11.2 11. 11.1 11.1 Tangible assets Consolidated goodwill Intangible assets FIXED ASSETS ASSETS (EUR 1000) SES OA 4802 0 14820004 6132 21478 5102 3847 2528 6981 20307 5156 2505 4545 24830 6398 2049 3970 49 8855 4704 2765 58 13. 14. 11.3,12. EUR 1=FIM5.94573 ASSETS, TOTAL Cash inhandandatbanks Current receivables Inventories CURRENT ASSETS Investments SES OA 4 3 2 4 2 0 118936 36459 15031 127706 30336 22876 41506 120741 27023 30655 14896 38038 147635 294 12185 23606 52648 27975 342 16439 ASSETS, TOTAL Cash inhandandatbanks Current receivables Inventories CURRENT ASSETS Investments agbeast 5403 2 00610819 3415 10056 3570 35124 11494 35470 11520 3241 Tangible assets Consolidated goodwill Intangible assets FIXED ASSETS ASSETS Balance sheet Balance sheet FM100 RU PARENTCOMPANY GROUP (FIM 1000) 6341 1 46215082 14642 12417 16 324 7027 2 70789671 87057 29265 73829 40649 97 062 46912 50 573 0 9 3 4922 6836 7890 8 506 0019 001999 2000 1999 2000 0019 001999 2000 1999 2000 ER100 RU PARENTCOMPANY GROUP (EUR 1000) rdtr,ttl1 3 5 5 7384 20004 4010 8355 21478 3374 4291 20307 489 7654 4064 1715 4111 24830 11338 598 12131 169 3374 1574 6294 12525 4814 230 1932 17.3 17. 12653 17.2 2015 17.1 13492 EUR 1=FIM5.94573 LIABILITIES, TOTAL Creditors, total Current liabilities 16. Non-current liabilities Imputed taxliabilities CREDITORS ACCUMULATED APPROPRIATIONS Shareholders' equity,total Profit fortheperiod eev ud727272782 2921 5360 782 1353 3456 5360 782 1353 3226 5360 782 1353 3982 5360 1353 15. Retained earnings Reserve fund Share premiumfund Share capital SHAREHOLDERS' EQUITY LIABILITIES Balance sheet Balance sheet eev ud4604604604650 17366 31869 8046 4650 20549 31869 8046 4650 19179 31869 8046 4650 23675 31869 8046 Retained earnings Reserve fund Share premiumfund Share capital SHAREHOLDERS' EQUITY LIABILITIES rdtr,ttl6 1 5584 7 43901 118936 23842 49676 127706 20059 25512 2909 45508 120741 24164 24443 10195 147635 67416 3556 20059 72126 1006 37424 9360 28625 74474 1367 PARENTCOMPANY 11489 75233 11979 80219 GROUP LIABILITIES, TOTAL Creditors, total Current liabilities Non-current liabilities Imputed taxliabilities CREDITORS ACCUMULATED APPROPRIATIONS Shareholders' equity,total Profit fortheperiod (FIM 1000) 0019 001999 2000 1999 2000 0019 001999 2000 1999 2000 19 Balance sheet 20 Notes to the financial statements NOTES TO THE FINANCIAL STATEMENTS ulig n tutrs40years 3-10 years 5years 10years 5-10years Machinery and equipment Buildings andstructures Consolidation difference Other long-termexpenditure Intangible rights Periods fordepreciation: depreciation ontheestimatedeconomiclifeoffixedassets. ation accordingtoplanhasbeencalculatedusingstraight-line acquisition costlessdepreciationaccordingtoplan.Depreci- Fixed assetsarerecordedinthebalancesheetatoriginal Fixed assetsanddepreciation retained earnings. differences inshareholders'equityarerecordedunder closing. Differencesarisingfromtranslationand Finnish markkaamountsattheexchangerateondateof period andthebalancesheetshavebeentranslatedinto converted usingtheaverageexchangerateforfinancial eliminated. and liabilities,internaldistributionofprofithavebeen nal marginsincludedininventories,intercompanyreceivables been preparedusingtheacquisitioncostmethod. ate financialstatementsoftheGroupcompaniesandhave The consolidatedfinancialstatementsarebasedonthesepar- Consolidation policy the notestofinancialstatements. and theparentcompany'sholdingarelistedinsection12of subsidiaries includedintheconsolidatedfinancialstatements conferred bythesharesatendoffinancialyear.The holds eitherdirectlyorindirectlyover50%ofthevotes and foreignsubsidiariesinwhichMarimekkoCorporation company MarimekkoCorporationtogetherwiththoseFinnish The consolidatedfinancialstatementscomprisetheparent statements Extent oftheconsolidatedfinancial companies isthecalendaryear. Finnish AccountingAct.ThefinancialperiodofallGroup eign subsidiarieshavebeenarrangedtocorrespondwiththe using afixedconversionrate.Thefinancialstatementsoffor- drawn upinFinnishmarkkaamountsandconvertedtoeuros land. TheMarimekkoGroup with thelegislationandregulationsthatareinforceFin- ed financialstatementshavebeenpreparedinaccordance Marimekko Corporation'sfinancialstatementsandconsolidat- Accounting policy The incomestatementsofforeignsubsidiarieshavebeen Intra-Group shareownership,internaltransactions,inter- ’ s financialstatementshavebeen local legislation. the retirementplansoftheiremployeesinaccordancewith are recordedasexpenses.Foreignsubsidiarieshavehandled Items denominatedinforeigncurrency pany sion throughapensioninsurancecompany.Theparentcom- companies havebeenarrangedasstatutoryemploymentpen- The retirementplansoftheemployeesGroup'sFinnish Pension commitments costs. not includeanyshareoffixedpurchasingandmanufacturing or theprobablemarketprice.Thevalueofinventoriesdoes ciple attheacquisitioncostorlowerreplacement Inventories arepresentedinaccordancewiththeFIFOprin- Inventories 29% taxbase. imputed taxliabilityonappropriations iscalculatedusinga to materialise.Inthecaseof theFinnishcompanies, panies. Theimputedtaxcreditisrecordedonlyifitlikely imputed taxcreditcalculatedfromtheresultsofGroupcom- the changeinimputedtaxliabilityand Recorded astheGroup'sdirecttaxesareincometaxes, Taxes equity andtheimputedtaxliability. the depreciationdifferenceisdividedbetweenshareholders' appropriations. Intheconsolidatedfinancialstatements, income statementandbalancesheetarepresentedwithout that mainlyhaveaneffectontaxation.Theconsolidated ence andthechangeinvoluntaryreserves,whichareitems statements, recordinappropriationsthedepreciationdiffer- panies inFinlandandSwedencan,theirseparatefinancial On thebasisoflocallegislationandaccountingpractice,com- Appropriations tures. Operational leasingpaymentsaretreatedasrentalexpendi- Leasing confirmed euroconversionrate. have beentranslatedintoFinnishmarkkaamountsusingthe Receivables andliabilitiesdenominatedinforeigncurrency ’ s pensionliabilitiesfromthetimeofpreviousownership .NETSALESBYMARKETAREAAND 1. .OTHEROPERATINGINCOME 2. .DEPRECIATIONANDVALUEADJUSTMENTS 5. PERSONNELEXPENSES 4. MATERIALSANDSERVICES 3. Notes totheincomestatement By marketarea PRODUCT LINE etlicm 54 549 65 5 49 1 65 5 3 Capital gainsfromsalesoffixedassets Rental income By productline oa 7 4 3 121 130 244 4127 274 4808 225 7274 11164 286 8721 13020 3365 4325 57 Intangible assets 3 537 437 9277 3888 4562 Total 83 634 11735 17 556 5884 2406 Average personnel 953 58 7 020 4 2682 Salaries andbonusesformanagement 1145 Total 85 Other personnelexpenses 17 Pension andpensioninsurancepayments Salaries, wagesandbonuses Total External services Materials andsupplies Total Other PARENTCOMPANY GROUP (EUR 1000) oa 3 8 3 402 430 587 738 Total Tangible assets ot mrc 6 7 8 1272 2378 19661 1485 2385 2026 23288 1272 2505 19663 2354 1466 23638 4247 2406 2954 North America Rest ofEurope Other Nordiccountries Finland ltig2 9 5841 1 15557 7176 17814 9128 15874 7266 20496 9211 Interior decoration Clothing nagbergt 71 715 17 19 121 76 17 130 39 103 144 193 160 294 Consolidated goodwill Intangible rights Salaried employees and presidents Members oftheBoardDirectors 6896 8857 6929 9913 Purchases duringthefinancialperiod oa 6 2 7 230 277 172 327 230 153 466 277 260 157 71 256 272 136 328 138 241 100 216 114 Total Machinery and equipment Buildings andstructures Total Other capitalisedexpenditure 6839 8458 -57 6871 Workers -399 9053 -58 3169 -860 3259 3272 Total Change ininventories 3345 565 689 Accessories 566 Other 747 3022 1 02125902 30201 26412 25902 33 052 30201 26412 33 052 0019 001999 2000 1999 2000 21 Notes to the financial statements 22 Notes to the financial statements Notes totheincomestatement .OTHEROPERATINGEXPENSES 6. 0 DIRECT TAXES 10. APPROPRIATIONS 9. EXTRAORDINARYITEMS 8. FINANCIALINCOMEANDEXPENSES 7. ER100 RU PARENTCOMPANY GROUP (EUR 1000) et 5 6 6 1944 1671 2262 1864 1869 1747 2056 2030 Marketing Rents oa 16 8 161 182 Extraordinary expenses 60 71 Interest expensesandotherfinancial total Interest incomeandotherfinancialincome, Other interestandfinancialincome noetxsfrpeiu er 1-1 -198 679 95 -433 650 -1 5 109 59 682 -239 61 789 78 Change intheimputedtaxliability Income taxesforpreviousyears Income taxesforthepresentyear -16 Change indepreciationdifference 78 Total 6 84 -16 Extraordinary income 45 Total -156 7961 gains/losses onexchangeratedifferences(net) Financial incomeandexpensesinclude 9660 Financial incomeandexpenses,total 4346 7016 5534 8810 3400 4724 Dividend income Total Other expenses oa 4 4 5 678 650 -49 747 -126 843 6 7 -69 -7 Taxes onextraordinary items Total Change intheimputedtaxcredit tes-1-21 -458 -433 260 -21 -301 -280 -239 -239 306 -157 13 -239 -280 -194 46 6 77 75 78 Total 198 2 Others Pension liability Stock exchangelistingcosts 175 6 158 of MarimekkoABandGmbH 15 Value adjustmentsofthereceivables 23 3 57 15 162 Total 3 227 the internalmargin 101 70 20 227 57 92 57 3 71 From others 3 71 Total For others For Groupcompanies Total From others From Groupcompanies Total From others aia an rmivsmns20260 65 -22 260 Imputed taxcrediton Capital gainsfrominvestments From Groupcompanies 20 From Groupcompanies 0019 001999 2000 1999 2000 Notes tothebalancesheet 11Intangibleassets 11.1 FIXEDASSETS 11. 12Tangibleassets 11.2 ER100 RU PARENTCOMPANY GROUP (EUR 1000) Intangible rights nagbeast,ttl24219460574 600 1934 2482 Land andwater Intangible assets,total Buildings andstructures Other capitalisedexpenditure Consolidated goodwill nrae 1852 20 21 153 875 173 21 205 1080 Increases + Acquisition cost,1Jan. custo ot a.1 19 19 Acquisition cost,1Jan. ercaindrn iaca eid2 91 15 173 69 17 194 84 -9 1080 19 104 1092 21 123 Depreciation duringfinancialperiod Accumulated depreciation,1Jan. Acquisition cost,31Dec. Decreases - okvle 1Dc 3 3900 3892 3839 74 147 4047 76 71 155 19 4121 282 19 35 485 4047 144 138 54 Book value,31Dec. 280 Accumulated depreciation,31Dec. 54 Depreciation duringfinancialperiod 507 Accumulated depreciation,1Jan. Acquisition cost,31Dec. 158 Increases + 977 Acquisition cost,1Jan. 156 1572 1087 1292 931 280 Book value,31Dec. 1730 989 136 Acquisition cost,31Dec. 1223 1572 Increases + 242 1087 2234 1257 241 1954 1016 89 2429 1440 2187 217 1223 545 Book value,31Dec. 93 Accumulated depreciation,31Dec. 584 Depreciation duringfinancialperiod Accumulated depreciation,1Jan. 84 Acquisition cost,31Dec. 957 Increases + 584 39 Acquisition cost,1Jan. 39 101 948 Book value,31Dec. Accumulated depreciation,31Dec. Depreciation duringfinancialperiod 123 Accumulated depreciation,1Jan. Acquisition cost,31Dec. Increases + 144 Acquisition cost,1Jan. Book value,31Dec. Accumulated depreciation,31Dec. 0019 001999 2000 1999 2000 23 Notes to the financial statements 24 Notes to the financial statements Notes tothebalancesheet 2 INVESTMENTS 12. Investments 11.3 ER100 RU PARENTCOMPANY GROUP (EUR 1000) n qimn,3 e.38106 57 69 190 328 Advance paymentsandincompleteprojects and equipment,31Dec. Book valueofproductionmachinery Other sharesandparticipations aiek ie y ie,Fnad10100 100 100 100 100 100 100 100 100 holding,% Parentcompany's 100 100 Group's 100 100 100 holding,% 100 100 Marimekko TuotantoOy,Helsinki,Finland Marimekko KiteeOy,Kitee,Finland Marimekko InternationalOy,Helsinki,Finland Marimekko GmbH,FrankfurtamMain,Germany Marimekko AB,Stockholm,Sweden Keskinäinen KiinteistöOyMarikko,Helsinki,Finland Grünstein ProductOy,Loviisa,Finland Decembre Oy,Helsinki,Finland Company anddomicile Group companies Shares inGroupcompanies Machinery andequipment netet,ttl5 94552528 4545 49 58 Investments, total 1820 1691 5907 5966 Tangible assets,total nrae 98 982 49 42 82 73 -20 49 42 1747 -1 1678 73 229 3130 1383 1915 -20 1154 3337 275 1659 2060 -4 1384 Increases + 3484 Acquisition cost,1Jan. 1569 256 1313 3952 1892 323 1569 Book value,31Dec. Accumulated depreciation,31Dec. Depreciation duringfinancialperiod Accumulated depreciation,1Jan. Acquisition cost,31Dec. Decreases - erae 2 -25 46 46 117 71 142 -25 2325 2482 49 117 71 117 2017 4499 2700 58 120 9 218 71 4717 145 129 218 71 -51 73 120 Book value,31Dec. -109 13 Accumulated depreciation,31Dec. Acquisition cost,31Dec. Decreases - -51 Increases + Acquisition cost,1Jan. 73 -109 Book value,31Dec. Accumulated depreciation,31Dec. 13 Acquisition cost,31Dec. Increases + Book value,31Dec. Decreases - custo ot a.270375 2700 916 Acquisition cost,1Jan. 208 2234 957 3130 471 2 547 3485 Increases + Acquisition cost,1Jan. 0019 001999 2000 1999 2000 3 INVENTORIES 13. 5 SHAREHOLDERS'EQUITY 15. CURRENTRECEIVABLES 14. ER100 RU PARENTCOMPANY GROUP (EUR 1000) oa 0 4 5 5102 5156 2049 4704 Total nopeepout 49 620 16 4163 4583 99 1814 4333 2214 94 5159 1831 3434 Finished products/goods Incomplete products Raw materialsandconsumables te eevbe 93 3 5 34 29 Other receivables hr aia,1Jn 6 3 6 3835 5360 3835 5360 Share capital,1Jan. 1568 1987 1573 3390 Receivables fromGroupcompanies: Sales receivables hrhles qiy5434745004635 5030 4744 1715 5433 -185 12131 2921 414 1574 3 782 1353 782 12525 -1179 3456 3106 1932 564 1 1525 12653 782 3 -185 782 3226 4635 2015 shareholders' equity Distributable fundsin 13492 -1179 782 3982 recorded inshareholders'equity 1353 3407 782 1353 Share ofaccumulatedappropriations 331 5360 SHAREHOLDERS' EQUITY,TOTAL 1353 5158 1353 782 1525 782 5360 Net profitfortheperiod 405 1353 Retained earnings,31Dec. Other change+/- 5360 442 Translation difference+/- 1353 Dividend payout Retained earnings,1Jan. 5360 1353 1285 Reserve fund,31Dec. Reserve fund,1Jan. Share premiumfund,31Dec. Issue premium Share premiumfund,1Jan. Share capital,31Dec. Rights issue 331 6132 Total 405 135 6981 442 6398 168 1285 Prepaid expensesandaccruedincome 8855 135 Prepaid expensesandaccruedincome 168 Total Advance payments cre noe421518190 148 195 412 605 33 accrued income Total Prepaid expensesandaccruedincome ae eevbe 1 324 2271 1911 815 Loan receivables Sales receivables a ses4 74 21 43 6 108 6 57 4 210 64 43 6 108 616 12 210 4 Other prepaidexpensesand Imputed taxcredit Tax assets Social securitycontributioninsurance Royalty receivables Interest receivables 0019 001999 2000 1999 2000 5 3200 2 759 Notes tothebalancesheet 25 Notes to the financial statements 26

Notes to the financial statements Notes tothebalancesheet ER100 RU PARENTCOMPANY GROUP (EUR 1000) 6 ACCUMULATEDAPPROPRIATIONS 16. 73Currentliabilities 17.3 Non-currentliabilities 17.2 Imputedtaxliability 17.1 7 LIABILITIES 17. Accumulated depreciationdifference eso on 5 8 5 387 1061 4 1181 833 655 1836 1135 1080 387 1454 1836 1703 1702 3374 1836 8 655 1454 1912 4064 1757 3374 Accrued liabilitiesanddeferred income 1836 3374 4064 1454 483 4814 Debts toGroupcompanies 3623 3374 Trade payables Advances received Pension loans 3636 4064 Loans fromfinancialinstitutions 303 3761 3893 169 Total 4719 Pension loans 5386 Loans fromfinancialinstitutions 230 750 3761 Non-current liabilitiesincludedebtsthatfallduemorethanfiveyearsfromnow. Total 5952 Pension loans Loans fromfinancialinstitutions From appropriations Total Non-interest-bearing liabilities Total oa 9 1 9 4010 4291 4111 6294 Total oa 9 8 9 489 598 142 583 173 794 169 230 Interest-bearing liabilities 414 564 The imputedtaxliabilityofforeignsubsidiarieshasbeencalculatedusingthelocalbase. The imputedtaxliabilityoftheFinnishcompanieshasbeencalculatedusinga29%base. Share recordedinshareholders'equity Imputed taxliability Total te urn iblte 3 4 3 602 834 941 1534 Other currentliabilities nagbergt 3 2 -13 3 22 73 2 -13 156 22 Buildings andstructures Other capitalisedexpenditure Intangible rights rd aals71632 39 761 42 Other currentliabilities Trade payables 169 230 Non-current o-urn 1 7 6 3374 4064 3374 4814 499 574 Non-current 520 614 Machinery andequipment cre iblte n eerdicm 7108 27 Total Accrued liabilitiesanddeferredincome 3623 387 3636 3724 655 5156 387 1138 Current Current 0019 001999 2000 1999 2000 3 779 830 ER100 RU PARENTCOMPANY GROUP (EUR 1000) 8 GUARANTEES,CONTINGENTLIABILITIES ANDOTHERCOMMITMENTS 18. iaca er151216154 117 21 146 808 162 21 165 9 505 424 1234 financial year 3761 1514 273 9 Payments dueinthefollowing 433 Leasing liabilities 1598 4719 4205 Other liabilitiesandcommitments 541 29 282 Guarantees 3761 5214 Pledges given 424 For theliabilitiesofGroupcompany 570 29 4719 institutions Corresponding loansfromfinancial promissory notes 453 Corporate mortgageandmortgaged Corresponding pensionloan promissory notes Corporate mortgageandmortgaged Corresponding commitments Guarantees Pledges given For ownliabilities oa 4 4 0 523 196 406 369 547 196 260 448 385 283 management ofthecompanyoritsshareholders. guarantees oranyothercontingentliabilitieswhichhavebeengrantedonbehalfofthe The Grouphasnoliabilitiesresultingfromderivativecontractsandthereareoutstanding Pension liabilities Total Payments duelater 1181 1135 1703 1912 Total Accrued liabilitiesanddeferredincome EUR 1=FIM5.94573 eerdicm 3 4 9 86 392 244 531 deferred income ae 7 8 4 580 28 148 487 52 580 543 28 179 851 73 1129 Other accruedliabilitiesand Taxes contributions Annual holidaypay,withsocialsecurity Interest 0019 001999 2000 1999 2000 Notes tothebalancesheet 27 Notes to the financial statements 28 Five-year review 2) 1996-1998:profitfromMarimekko vrg esne 6 18 3 24 274 54.3 244 1.93 306 62.3 18.5 232 16.7 6.08 254 66.7 22.4 188 2.02 18.6 0.84 1.03 5.95 238 24.83 69.6 24.7 164 1.93 17.3 0.64 0.75 20.31 3.76 3.10 222 74.6 17.8 13.5 1.38 0.30 0.57 1) 1996-1998:theMarimekkoGroup 12.04 0.25 2.67 25.1 159 -0.16 14.4 3.25 1.09 33.05 12.4 Personnel attheendoffinancialyear 11.44 0.40 0.59 1.95 13.0 0.05 Average personnel 2.63 Gross investments,EURmillion 26.41 0.96 Equity ratio,% 10.78 0.22 Return oninvestment(ROI),% 1.50 1.04 19.0 -0.05 Return onequity(ROE).% 23.38 2.00 Shareholders Interest-bearing liabilities,EURmillion 10.3 1.18 0.05 Balance sheettotal,EURmillion 19.68 1.45 Profit aftertaxes,EURmillion Taxes, EURmillion3) 12.5 17.84 0.02 and taxes,EURmilllion2) 1.18 Profit beforeextraordinaryitems Financial incomeandexpenses,EURmillion Operating profit,EURmillion1) Change innetsales,% Net sales,EURmillion 3) Taxespaidduringthefinancialperiodandchangeinimputeddeferredtaxliability1997-2000 Five-year review fntsls . 76 . 01 9.8 10.1 9.8 8.3 10.0 7.6 8.6 6.6 7.4 6.6 % ofnetsales % ofnetsales reserves andtaxes+WorkideaOy ’ eut n eevs U ilo 80 .6 80 1.5 13.49 12.65 8.02 7.96 8.04 equityandreserves,EURmillion ’ ’ s operatingprofit+WorkideaOy ’ s operatingprofit s operations=theMarimekkoGroup 96 19 98 99 2000 1999 1998 1997 1996 ’ s operatingprofit ’ s profitbeforeextraordinaryitems, Per-share keyfigures fsae,100 220 ,8 220 ,0 2,680 6.1 2,680 2,602 10.0 6.9 2,680 2,280 5.03 *)61.0 0.82 8.6 *)0.50 2,280 2,280 4.72 59.5 0.74 0.44 2,280 2,280 3.52 13.4 0.61 2,280 0.08 1) 1996-1998:fromearningsMarimekkooperations 3.49 15.4 0.47 0.07 *) ProposalbytheBoardofDirectors end ofthefinancialperiod,1,000 28.9 3.53 0.42 Issue-adjusted numberofsharesatthe 0.12 of shares,1,000 Issue-adjusted averagenumber P/E ratio Effective dividendyield,% Dividend/profit, % Dividend/share, EUR Equity/share, EUR Earnings pershare,EUR1) 0 2 4 6 1996-2000, EUR Equity/share 96 97989900 96 19 19 99 2000 1999 1998 1997 1996 0,2 0,4 0,6 0 1996-2000, EUR Dividend/share 96 97989900 0 0 0 0 1,0 20 40 60 80 ,2 ,4 ,6 ,8 0 0 1996-2000, EUR Earnings/share 1996-2000, % Dividend/profit 96 97989900 96 97989900 29 Per-share key figures 30 Formulas for the key figures Formulas forthekeyfigures Marimekko qiyprsae U:Shareholders Shareholders Equity pershare,EUR: Profitbefore extraordinaryitems-taxes(excl.ofonitems) Earnings pershare(EPS),EUR: Equity ratio,%: Profitbeforeextraordinaryitems+interestandotherfinancialexpenses Return oninvestment(ROI),%: Profitbeforeextraordinaryitems-taxes(excl.ofonitems) 1996-1998:theMarimekkoGroup Return onequity(ROE),%: Operating profitfrom e ern:Interest-bearingnetdebt Interest-bearingliabilities Adjustedshareprice, 31December Net gearing: Interest-bearing netdebt: P/E ratio,P/E: Dividendpershare Dividendpaidforthefinancialyear Effective dividendyield,%: Dividendpaidforthefinancialyear Dividend/profit, %: Dividend pershare,EUR: ’ oeain:theparentcompanyWorkideaOy s operations: 1999 and2000:theMarimekkoGroup Number ofshares,31December Number ofshares(averageforthefinancialperiod) Earnings pershare(EPS) Adjusted shareprice,31December Number ofshares,31December Shareholders Shareholders Profit (asinthekeyfigureforearningspershare) Balance sheettotal Balance sheettotal ’ ’ ’ ’ equity(averagefortheyear) equity equity equity – – advancesreceived non-interest-bearingliabilities(averageforthefinancialyear) x 100 – cashathandandinbanks ’ s operatingprofit, ’ s operatingprofit+ x 100 ’ s operatingprofit x 100 x 100 – interest-bearingloanreceivables x 100 x 100 proposal bytheBoardofDirectorsregardingdistribution ofretainedearningsisincompliancewiththeCompaniesAct. Directors andthePresidentofparentcompanycanbe dischargedfromliabilityfortheperiodauditedbyme.The The financialstatementswiththeconsolidated canbeadoptedandthemembersofBoard in theAccountingAct,ofbothconsolidatedandparentcompany'sresultoperationsaswellfinancialposition. regulations governingthepreparationoffinancialstatements.Thestatementsgiveatrueandfairview,asdefined President havelegallycompliedwiththerulesofCompaniesAct. statement presentation.ThepurposeoftheauditcorporategovernanceistoexaminethatBoardDirectorsand the the accountingprinciplesusedandsignificantestimatesmadebymanagement,aswellevaluatingoverallfinancial includes examining,onatestbasis,evidencesupportingtheamountsanddisclosuresinfinancialstatements,assessing audit toobtainreasonableassuranceaswhetherthefinancialstatementsarefreeofmaterialmisstatement.An governance. Directors andthePresident.Basedonaudit,Iexpressanopinionthesefinancialstatementscorporate company incomestatements,balancesheetsandnotestothefinancialhavebeenpreparedbyBoard of 2000 financialyear.Thestatements,whichincludethereportofBoardDirectors,consolidatedandparent I haveauditedtheaccounting,financialstatementsandcorporategovernanceofMarimekkoCorporationfor the To Corporation theshareholdersofMarimekko Auditor’s report financial periodtoatotalofEUR1,340,000andthattherestberetainedasearnings. financial periodaccountsforEUR1,574,212.24. The Group ofprofit for thedistribution The BoardofDirectors’proposal Marimekko Corporation In myopinion,thefinancialstatementshavebeenpreparedinaccordancewithAccountingActandotherrules I haveconductedtheauditinaccordancewithFinnishAuditingStandards.Thosestandardsrequirethatperform The BoardofDirectorswillproposetotheAnnualGeneralMeetingthatadividendEUR0.50bepaidpersharefor ’ s distributablefundson31December2000amountedtoEUR5,433,142. ’ s distributablefundson31December2000amountedtoEUR5,030,438.19,ofwhichtheprofitfor Kari MiettinenMattiKavetvuoKirstiPaakkanen Authorised PublicAccountant Helsinki, 5February2001 Helsinki, 26January2001 Anneli Lindroos President 31 The Board of Directors’ proposal for the distribution of profit; Auditor’s report 32 Information on Marimekko’s shares Ownership bysizeofholding,31December 2000 At theturnofyear,0.7%shareswerenomineeregistered(0.4%). According tothebook-entryregister,MarimekkoCorporationhad1,724registeredshareholdersatendoffinancialyear. Shareholders the company Marimekko aimstopaydividendsregularlyeveryyear.Thebepaidandtheiramountthepayoutdatedependon Dividends policy bonds orwithwarrants,toacquirethecompany At theendofreportyear,BoardDirectorshadnovalidauthorisationstocarryoutashareissueorconver Authorisations Helsinki Exchanges Marimekko CorporationwaslistedontheIListofHelsinkiExchangesinMarch1999.Thecompany Shares andsharecapital Information onMarimekko financial period. financial period.TheBoardofDirectorsproposesthatthedividendtobepaidfor2000amount61%earningspershare as dividendsatleasthalfofearningspershareannually.Thedividendpaidfor1999represented60% follow astableandactivedividendspolicythatbylargereflectsthecompany 17 February1999. the maximumsharecapitalisEUR12,000,000.Thecompany an accountingcountervalueofEUR2.AccordingtotheArticlesAssociation,minimumsharecapitalis3,000,000and capital, asrecordedintheTradeRegister,amountstoEUR5,360,000,consistingofoneseries2,680,000shares,eachhaving Breakdown ofownershipbyownergroup,31December2000 OA 26000 100.0 0.9 2.0 29.6 2,680,000 23,160 0.7 54,130 59.7 792,625 20,000 1,599,705 7.1 TOTAL Foreigners Households 190,380 Non-profit bodies Public sectorentities Financial institutionsandinsurancecompanies Private companies ,0,0 .9,9 01 13000 00 13000 50.0 1,340,000 50.0 1,340,000 0.1 1 1,000,001 -9.999,999 0,0 .0,0 . . 0 0.0 0 0.0 0 0.0 0 100,001 -1.000,000 001-1000 4 08 1,7 55 1,7 15.5 415,670 15.5 415,670 0.8 14 10,001 -100,000 ,0 1,0 13 89 2,6 58 4370 15.8 423,760 15.8 423,760 8.9 153 1,001 -10,000 0 ,0 106 01 4469 70 4469 17.0 454,679 17.0 454,679 60.1 1,036 101 -1,000 ’ s financialresult,situation,equityratio,needforworkingcapitalandotherfactors.Marimekkointendsto hrs Numberof Shares -0 2 02 4,9 17 581 1.7 45,891 1.7 45,891 30.2 520 1-100 oa 174 0. 26000 100 26000 100.0 2,680,000 100.0 2,680,000 100.0 1,724 Total ’ PreListon12March1999andtheI151999.MarimekkoCorporation hrhles % Sae Vts % Votes % Shares % shareholders ’ s shares. ’ s shareshavebeenincludedinthebook-entryregistersince hrs % Shares ’ s shares ’ s earningstrend.Marimekko ’ s sharesbegantradingon ’ s goalistodistribute ’ s paid-inshare tible the the

te 34.0 0.7 0.4 Nominee registered SakriOy 0.4 0.5 Other 0.5 TurunUrheiluliitons 15. OP-TuottoSijoitusrahasto 0.5 14. Parhaatpaikat-InvestOy 13. MoisioMartti 12. ScanmagneticsOy 11. 10. Largest shareholdersaccordingtothebook-entryregister, 31December2000 million. The totalvalueofshareturnoverwasEUR5,107,976.company EUR 7.20.Theaveragesharepricewas5.72. measured bytheHEXPortfolioIndex. In 2000,sharepricesdeclinedby10.6%onHelsinkiExchangesasmeasuredtheHEXAll-ShareIndexand25.2% as trendandturnover Share price Marimekko Corporation Insider regulations commitments agreeingonthecompany The companyhasneithermadenorisawareofanyshareholderagreementsconcerningthe Shareholder agreements Directors andthepresidentwas1,362,200,representing50.8%oftotalvotes. At theendoffinancialperiod,numbersharesownedeitherdirectlyorindirectlybymembersBoard of Management HEX index 0.8 0.8 0.9 1.3 RantanenHeikki OptiomiOy 9. 2.4 2.0 PiekkolaAsko 8. Finanssi-SampoOy 7. 1.3 Sampo-LeoniaInsuranceCompanyplc 6. 50.0 OdinFinlandOy 5. 3.1 DanilostockOy 4. TurunSeudunOsuuspankki 3. WorkideaOy 2. 1. 2000 4000 6000 During 2000,atotalof893,013Marimekkosharesweretraded,representing33.3%thecompany At theendof2000,Marimekko 0 ..003420 ..0031.0028.12.2000 3.10.2000 3.7.2000 3.4.2000 4.1.2000 ’ s shareholding ’ s insiderregulationscomplywithHelsinkiExchanges Percentage ofholdingandvotes,% ää ti ö ’ Marimekko Corporation HEX portfolioindex s sharepricewasEUR5.00.Thelowestduringtheyear4.90andhighest 0.4 ’ s ownershiportheuseofvotingrights. 0 500 1000 1500 2000

Share index ’ s marketcapitalisationon31December2000wasEUR13.4 Taxable valuein2000:EUR3.535(FIM21.02 ISIN code:FI0009007660 Trading code:MMO1V ’ GuidelinesforInsiders. ’ s sharesoutstanding. ’ s sharesorother ) 33 Information on Marimekko’s shares Administration and auditors

Board of Directors Management group, 1 January 2001 Kari Miettinen, born 1951 Chairman: B.Sc. (Econ.), Authorised Public Accountant Kirsti Paakkanen, President Chairman of the Board since 1991 Employed by the company since 1991 Term of office 2000 Members: Matti Kavetvuo, born 1944 Raija Anjala, finance and administration B.Sc. (Eng.), M.Sc. (Econ.) Employed by the company since 1999 Member since 1997 Term of office 2000 Ursula Ilmes, exports Employed by the company since 1998 Kirsti Paakkanen President Riitta Koljonen, product information Marimekko Corporation’s president since 1991 Employed by the company since 1986 Member since 1991 Term of office 2000 Marja Korkeela, corporate communications and investor relations Employed by the company since 1999 Auditors Anneli Lindroos, Authorised Public Accountant, Sirpa Loukamo, product development regular auditor Employed by the company since 1973 Matti Hartikainen, Authorised Public Accountant, deputy auditor Merja Puntila, domestic wholesale Employed by the company since 1970

Piia Rossi, retail sales Employed by the company since 1988

Ritva Schoultz, personnel affairs Employed by the company since 1982

Leena Stockus, exports and licensing operations Employed by the company since 1988

Helinä Uotila, production Employed by the company since 1972 Administration and auditors

34 81.ScheduleofMarimekko 18.12. 58 Interimreport1January 25.8. 71.Interimreport1January 27.10. Announcementthattheinterimreportfor1January 3.10. 48 AcquisitionofGr 24.8. ..MarimekkoCorporation 1.3. Financialresultsforthefinancialperiod1Januaryto31December1999 28.1. ..Interimreport1January 9.5. Stock exchange bulletinsin2000 profit increasedby7%toEUR2.1million(EUR2.0million),representing9.3%oftheGroup (EUR 1.1million). amounted toEUR0.7million(EUR1.0million).Profitbeforeextraordinaryitemsandtaxeswas to EUR22.8million(EUR19.3million).Comparableincreaseinnetsaleswas14.2%.TheGroup (EUR -133,000). Marimekko At theendofAugust,MarimekkoacquiredsharesoutstandinginGr Marimekko financial year,correspondingto60%ofearningspershare. Directors proposedtotheAnnualGeneralMeetingthatadividendofEUR0.44persharebepaidfor EUR 2.7million(EUR1.95million).Adjustedearningspersharewere0.740.61).TheBoardof the previousyearandwasEUR2.6million(EUR2.0million).Profitbeforeextraordinaryitemstaxes Net salesgrewby13%toEUR26.4million(EUR23.4million).Operatingprofitimproved31%comparedwith The AnnualGeneralMeetingapprovedtheBoardofDirectors last year Marimekko nen asitschairman. President, werere-electedasmembersoftheBoardDirectors.TheDirectorselectedMr.KariMietti- Authorised PublicAccountant,Mr.MattiKavetvuo,M.Sc.(Eng.),B.Sc.(Econ.),andMrs.KirstiPaakkanen, meeting resolvedthattheBoardofDirectorsconsiststhree(3)members.Mr.KariMiettinen,B.Sc.(Econ.), ’ s figureofEUR-82,000.TheGroup ’ ’ ’ s netsalesgrewby18%comparedwiththecorrespondingperiodinpreviousyearandamounted s netsalesgrewby12%toEUR13.4million(EUR12.0million).TheGroup s netsalesgrewby9%toEUR6.5million(EUR6million).Operatingresultrose9,000from ü nstein ProductOy ’ ’ s financialreportingin2001 s AnnualGeneralMeeting – – – 31March2000 30September2000 30June2000 ’ s profitbeforeextraordinaryitemsandtaxeswasEUR16,000 – 30Septemberwouldbepublishedearlier ’ proposeddividendofEUR0.44pershare.The ü nstein ProductOyintheirentirety. ’ s netsales. ’ s operatingprofit ’ s operating 35 Stock exchange bulletins in 2000 36 Information for shareholders [email protected]. 00811 Helsinki,Finland,telephoning+35897587238(MarjaKorkeela),faxing7591676,orbyemailing Monday, 26February2001,atthelatest,eitherbywritingtoMarimekkoCorporation,ShareRegister,P.O.Box107, kept byFinnishCentralSecuritiesDepositoryLtd,havetherighttoattendAnnualGeneralMeeting. Marimekko Corporation www.marimekko.com Financial informationisalsopostedonMarimekkoCorporation [email protected] +35897553051 Email +358975871 Fax Tel. 00811 Helsinki,Finland P.O. Box107 Communications Marimekko Corporation week8 The releasescanbeorderedfrom: Published inFinnishandEnglish. Interim Report1Jan. Interim Report1Jan. Friday,26January2001 Interim Report1Jan. Annual Report2000 Financial statementbulletinfor2000 Marimekko We kindlyrequestshareholderstosubmitchangesofaddressthecustodianbook-entryaccount. Changes inpersonalinformation andaddresses propose totheAnnualGeneralMeetingthatdividendpayoutdatebe13March2001. 6 March2001,intheShareholderRegisterkeptbyFinnishCentralSecuritiesDepositoryLtd.TheBoardofDirectorswill be EUR0.50pershare.Thedividendwillpaidtoshareholderswhoareregistered,onthepayoutrecorddateof The BoardofDirectorswillproposetotheAnnualGeneralMeetingthatdividendbepaidfor2000financialyear Dividend payout Marimekko Corporation Annual GeneralMeeting Information forshareholders Shareholders whohavebeenregisteredby19February2001atthelatestincompany Shareholders whointendtoattendtheAnnualGeneralMeetingmustnotifycompanyofthisbefore16:00on +358 97591676(Communications) +358 97587238(Communications) ’ s financial releasesin2001 s financial – – – 3 e.20 Wednesday,7November2001 30Sep.2001 3 ue20 Friday, 24August2001 30June2001 3 a.20 Thursday,10May2001 31Mar.2001 ’ ’ s headoffice.TheaddressisPuusep s AnnualGeneralMeetingwillbeheldonThursday,1March2001,from14:00onwardsat ä nkatu 4,00810Helsinki. ’ s website: ’ s ShareholderRegister,whichis Addresses

MARIMEKKO CORPORATION Puusepänkatu 4, FIN-00810 Helsinki, Finland / P.O. Box 107, FIN-00811 Helsinki, Finland, tel. +358 9 758 71, fax +358 9 755 3051 Corporate site: http//www.marimekko.com Email: [email protected]

MARIMEKKO STORES SUBSIDIARIES Norway Japan Artinteriør A/S Nishikawa Sangyo Co. Ltd. Finland Finland Box 57, Skøyen, 0212 Oslo 2 8-8 Tomizawa-cho Grünstein Product Oy Norge Nihonbashi, Chuo-ku Helsinki: Tykistökatu 2 Tel. +47 22 51 61 50 Tokyo 103-0006 Kämp Galleria, Pohjoisesplanadi 31, 07900 Loviisa Fax +47 22 52 31 45 Japan 00100 Helsinki, tel. +358 9 686 0240 Finland Agent: clothing, bags, interior textiles Tel. +81 3 3664-8161 Eteläesplanadi 14, 00130 Helsinki, Tel. +358 19 517 7740 Fax +81 3 3663-9829 tel. +358 9 170 704 Fax +358 19 532 169 Spain Bed linen, home textiles Pohjoisesplanadi 2, 00130 Helsinki, Email: [email protected] Brolin S.L. tel. +358 9 622 2317 Passeig Comte d’Egara, 2-4 Sot.C Forum Shopping Mall, Mannerheimintie 20, Germany 08221 Terrassa (Barcelona) U.S.A. 00100 Helsinki, tel. +358 9 694 1498 Marimekko GmbH España Crate & Barrel Hakaniemi Market Hall, 00530 Helsinki, Rheinstrasse 19 Tel. +34 93 7837986 725 Landwehr Road tel. +358 9 753 6549 60325 Frankfurt/Main Fax +34 93 7837940 Northbrook, IL 60062 Itäkeskus Shopping Mall, Itäkatu 1-5 a 27, Deutschland Agent: bags, interior textiles USA 00930 Helsinki, tel. +358 9 323 1772 Tel. +49 69 749084 Tel. +1 847 2722888 Factory shop, Kirvesmiehenkatu 7, Fax +49 69 742643 Switzerland Fax +1 847 2723607 00810 Helsinki, tel. +358 9 758 7244 Schatulle Towels, table linen, umbrellas Espoo: Sweden Rosshofgasse 15, 4051 Basel Kulttuuriaukio, 02100 Espoo, Marimekko AB Schweiz DelGreco Textiles, Inc. tel. +358 9 463 230 Årstaängsvägen 31 G Tel. +41 61 2614611 232 East 59th Street, Ground Floor Vantaa: 11760 Stockholm Fax +41 61 2610696 New York, N.Y. 10022 Helsinki-Vantaa Airport, 01530 Vantaa, Sverige Agent: clothing, bags, interior textiles USA tel. +358 9 870 2110 Tel. +46 8 7940730 Tel. +1 212 6885310 Humppila: Fax +46 8 7940739 U.K. Fax +1 212 6885207 Factory shop, Humppilan Lasi, 31640 Humppila, Email: [email protected] Scott Ranch Designs Ltd. Fabrics for outdoor use tel. +358 3 437 8702 Wakeners Wood Joensuu: AGENTS AND IMPORTERS Midhurst Road, Haslemere Imperial Home Decor Group Metropol Shopping Mall, Torikatu 29, Surrey GU27 2PT 23645 Mercantile Road 80100 Joensuu, tel. +358 13 224 141 Australia United Kingdom Cleveland, OH 44122 Jyväskylä: Ordal Australia Pty Ltd Tel. +44 1428 652959 USA Torikulma, Asemakatu 12, 40100 Jyväskylä, 362 Eastern Valley Way Fax +44 1428 645002 Tel. 1800 5376849 tel. +358 14 337 3400 Chatswood NSW 2067 Importer: interior textiles Fax +1 216 3785226 Kitee: Australia Wallpaper Factory shop, Karhutie 1, 82500 Kitee, Tel. +61 2 94170241 Wahlsten Ltd. tel. +358 13 414 761 Fax +61 2 94170924 28 B Southampton Road Revman Industries, Inc. Kyyjärvi: Importer: bed linen, bathroom textiles, London NW5 4JR 1211 Avenue of the Americas, 30th Floor Factory shop, Paletti Shopping Mall, cosmetic bags United Kingdom New York, N.Y. 10036 Vaasantie 2, 43700 Kyyjärvi, Tel. +44 20 74853796 USA tel. +358 14 471 784 Austria Fax +44 20 74853796 Tel. +1 212 2780300 Lahti: Stoffe & So Agent: classic clothes and bags Fax +1 212 8408446 Trio Aleksanteri Shopping Mall, Jägerhausgasse 9, 2340 Mödling Bed linen, bathroom textiles Aleksanterinkatu 18, 15140 Lahti, Österreich U.S.A. tel. +358 3 782 9455 Tel. +43 2236 864864 DelGreco Textiles, Inc. Sweet Potatoes, Inc. Rovaniemi: Fax +43 2236 864777 232 East 59th Street, Ground Floor 2390 Fourth Street Sampokeskus, Koskikatu 17, Agent: interior textiles, bags New York, N.Y. 10022 Berkeley, CA 94710-2402 96200 Rovaniemi, tel. +358 16 346 844 USA USA Factory shop, Napapiirin Lasi, Denmark Tel. +1 212 6885310 Tel. +1 510 9824600 96930 Napapiiri, tel. +358 16 356 1186 Match Interiør Fax +1 212 6885207 Fax +1 510 9824651 Sulkava: Hovedgaden 69, 8220 Brabrand Importer: interior fabrics Children’s clothing Factory shop, Alanteentie 3, 58700 Sulkava, Danmark tel. +358 15 676 283 Tel. +45 86 26 16 11 LICENSING PARTNERS Representative in the United States Tampere: Fax +45 86 26 16 31 Donna Gorman, Inc. Koskikeskus Shopping Mall, 33100 Tampere, Agent: bags, interior textiles Finland 1115 Weed Street tel. +358 3 223 7627 Designor Oy Ab New Canaan, CT 06840 Aleksanterinkatu 25, 33100 Tampere, Japan Hämeentie 135, 00560 Helsinki USA tel. +358 3 222 9909 Chelsea International, Inc. Finland Tel. +1 203 9723685 Sokos Department Store, Hämeenkatu 21, 1-28-3, Higashi-Nakano, Nakano-ku Tel. +358 20 439 11 Fax +1 203 9723281 33200 Tampere, tel. +358 10 765 2262 Tokyo 164-0003 Fax +358 20 439 5180 Turku: Japan Glassware Aurakatu 10, 20100 Turku, Tel. +81 3 3364-4136 tel. +358 2 274 0900 Fax +81 3 3364-4138 JL-Lasi Oy Kristiinankatu 9, 20100 Turku, Importer: interior textiles Lehmustie 2 tel. +358 2 274 0915 11910 Riihimäki Vaasa: M-aalto Corporation Finland Rewell Center 125, Ylätori, 65100 Vaasa, Suzuki Honten Bldg. 2F Tel. +358 19 724 050 tel. +358 6 312 4488 5-14-8, Ginza, Chuo-ku, Tokyo 104 Fax +358 19 720 669 Virrat: Japan Glassware Factory shop, Palmroth Center, Pirkantie 26, Tel. +81 3 3541-1022 34800 Virrat, Fax +81 3 3541-1711 Suomen Kerta Oy tel. +358 3 475 3490 Importer: clothing, bags Runeberginkatu 25, 48200 Kotka Finland Sweden The Netherlands Tel. +358 5 350 4400 Bineke de Vries Agenturen Fax +358 5 350 4450 Stockholm: Westereems 11, 8602 CR Sneek Paper tablecloths and napkins Norrmalmstorg 4, Nederland 111 46 Stockholm, Sverige Tel. +31 515 430670 tel. +46 8 440 3275 Fax +31 515 430735 Agent: clothing, bags, interior textiles