Aktia Oyj - Company Announcement

Aktia plc: Aktia has finished codetermination negotiations

Stock exchange release 22 November 2011 at 3 p.m.

Helsinki, 2011-11-22 14:00 CET (GLOBE NEWSWIRE) -- 

Aktia Group has finished its codetermination negotiations



The companies within Aktia Group have completed the codetermination
negotiations in accordance with the Act on Co-operation within Undertakings
started 12 October 2011. The codetermination negotiations result in a staff
reduction of approximately 25 persons. Initially, the negotiations were
expected to result in a staff reduction of 40 persons at a maximum. 

The reorganisation is estimated to bring with it non-recurring costs of EUR 1.5
million in the fourth quarter of 2011. 

Savings are estimated to exceed EUR 2 million per annum.



AKTIA PLC

For more information, please contact:
Jussi Laitinen, CEO, tel. +358 10 247 6250

From:
Göran Stenberg, Head of Communications, tel. +358 10 247 6590, +358 40 5050 689



Distribution:
Nasdaq OMX Helsinki
mass media
The Finnish Financial Supervisory Authority
www.aktia.f