Tikkurila Oyj - Changes board/management/auditors

Tikkurila to change its business model in Hungary, Slovakia and the Czech Republic

Tikkurila Oyj
Stock Exchange Release
November 16, 2011 at 9:00 a.m. (CET+1)

Tikkurila has signed a letter of intent to sell the entire share capital of its
three sales companies in Hungary, Slovakia and the Czech Republic. The intention
is to sell the companies to a Czech company to be established by Tikkurila's
local management. The new company will continue the retail of Tikkurila's
products in the three countries. In accordance with its strategy, Tikkurila is
developing its business in Hungary, Slovakia and the Czech Republic with a
target to serve its customers even better and in a more effective way.

The combined revenue of the three sales companies to be sold was approximately
EUR 10.2 million in 2010, and the number of employees totaled approximately 70.
It is estimated that the transaction will reach the agreement stage at the end
of 2011 and will be closed during the first quarter of 2012.

In conjunction with the closing of the transaction, Markku Immonen, Group Vice
President, Strategy & Business Development, who currently is also in charge of
Tikkurila's operations in the Czech Republic and China, will continue as an
entrepreneur and resign from his position in Tikkurila."It is excellent that we are able to develop and streamline our operations and,
at the same time, continue cooperation with our long-standing colleagues, even
though with new roles," says Erkki Järvinen, Tikkurila's President and CEO.

Tikkurila's strategic target is to be the leading provider of paint-related
architectural solutions for consumers and professionals in its geographic area.
Organic growth, in particular, is sought by making use of strong brands,
developing distribution solutions, and to relevant extent by entering into
service business. Efficiency will be improved in all operations.


Tikkurila Oyj
Erkki Järvinen


For further information, please contact:

Tikkurila Oyj
Erkki Järvinen, President and CEO
Mobile +358 400 455 913,erkki.jarvinen@tikkurila.com

Susanna Aaltonen, Group Vice President, Communications & IR
Mobile +358 40 593 4221,susanna.aaltonen@tikkurila.com


Tikkurila provides consumers and professionals with user-friendly and
sustainable solutions for surface protection and decoration. Tikkurila wants to
be the leading paint company in the Nordic area as well as in Russia and other
selected Eastern European countries.  - Tikkurila inspires you to color your
life.

www.tikkurilagroup.com


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