Glaston Corporation Financial Statements 1 January - 31 December 2009           

- Orders received in January-December totalled EUR 141.9 (230.5) million. Orders

received in the fourth quarter totalled EUR 41.6 (44.6) million. The volume of  

orders received grew 26% compared with the previous quarter.                    

- Glaston's order book on 31 December 2009 stood at EUR 45.5 (62.5) million.    

- Consolidated net sales totalled EUR 151.8 (270.4) million. Final quarter net  

sales totalled EUR 35.8 (68.9) million.                                         

- The operating result was a loss of EUR 55.3 (6.1 loss) million, i.e. -36.4    

(-2.3)% of net sales                                                            

- The operating result excluding non-recurring items was a loss of EUR 33.6 (6.2

profit) million, i.e. -22.2 (+2.3)% of net sales. The final quarter operating   

result was a loss of EUR 11.0 (0.3 loss) million, i.e. -30.8 (-0.4)% of net     

sales.                                                                          

- Non-recurring items of EUR -21.6 (-12.3) million were recognised for the full 

year, and EUR -17.3 (-12.3) million in the final quarter.                       

- Return on capital employed (ROCE) was -32.1 (-2.3)%.                          

- Earnings per share were EUR -0.68 (-0.12), of which the final quarter         

contribution was EUR -0.34 (-0.16).                                             

- The Board of Directors proposes to the Annual General Meeting that no dividend

be distributed.                                                                 

- Due to efficiency measures already implemented, Glaston                       

starts 2010 on a better foundation and expects 2010 net sales to be at least at 

the 2009 level and the operating result to significantly improve.

GLASTON CORPORATION

Financial Statements 10 February 2010

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