SRV Yhtiöt Oyj - Company Announcement

SRV SELLS THREE PROPERTIES IN HTC KEILANIEMI TO GERMAN MEAG

SRV Group Plc Stock Exchange Release 16 August 2007 at 8.30 a.m. EET            


SRV SELLS THREE PROPERTIES IN HTC KEILANIEMI TO GERMAN MEAG                     

SRV Group Plc and German MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH have    
signed an agreement concerning three properties in HTC Keilaniemi, in Espoo,    
Finland. At the same time they concluded the turn key contract concerning the   
construction of three office blocks. The value of the transaction is EUR 89.4   
million.                                                                        

SRV will build three 7 storey office blocks with a combined floor area of 38 000
square meters. The buildings will be completed in different phases by the end of
March 2009.                                                                     

The properties will have joint underground parking facilities with the          
neighbouring properties. Some of the building systems are also jointly used.    

“HTC Keilaniemi is a good example of SRV's business premises concept            
development. SRV's target is to increase the share of developer contracting     
projects. This agreement supports SRV's strategic goals”, says Timo Nieminen,   
Senior Executive Vice President of SRV Group Plc.                               

MEAG in Munich is the asset manager for Munich Re and ERGO Insurance Group. With
offices in New York and Hong Kong, MEAG has an international orientation and    
also manages the assets of clients outside the Munich Re Group. MEAG currently  
manages assets to the value of around € 182 billion, of which around € 13       
billion are held in real estate.HTC Keilaniemi is MEAG's first investment in    
Finland.                                                                        

SRV has sold earlier three properties in the area to Neste Oil Pension Fund. The
construction is under way. The first buildings housing the Head Quarters of     
Neste Oil will be completed by the end of February 2008.                        

SRV Group Plc                                                                   
Eero Heliövaara                                                                 
President and CEO                                                               

Further information:                                                            

SRV Group Plc                                                                   
Timo Nieminen, Senior Executive Vice President                                  
tel. +358 (0)400 424 552                                                        

MEAG                                                                            
Dr. Josef Wild, Spokesperson                                                    
tel. +49(0)89 2489 2072                                                         
fax. +49(0)89 2489 2075                                                         
jwild@meag.com                                                                  

Distribution :                                                                  
Helsinki Stock Exchange                                                         
Major media