Nurminen Logistics Oyj - Company Announcement

Nurminen Logistics Plc’s statutory co-determination negotiations concluded

The company will merge the Transit Logistics units in Kotka and Hamina into the
Forwarding and Value Added Services business unit, establish three new business
lines and close down the Vainikkala rail freight terminal. The organisational
reform will also result in changes in the Executive Board. 

Nurminen Logistics Plc                              Stock exchange release 8
November 2013 at 1:00 p.m. 

Nurminen Logistics has concluded the statutory co-determination negotiations on
the efficiency programme announced by the company on 20 September 2013. The aim
of the efficiency improvement programme is to improve profitability,
competitiveness and operational requirements in a challenging business
environment. 

The company will merge the Transit Logistics units in Kotka and Hamina into the
Forwarding and Value Added Services business unit, in which three new business
lines will be created. The new business lines are Forwarding, Cargo Handling
and Neutral Logistics Outsourcing (4PL). Topi Saarenhovi, President and CEO,
will be responsible for the new merged business unit. Mike Karjagin has been
appointed as the head of the Forwarding business line, Risto Holopainen as the
head of the Cargo Handling business line and Janne Lehtimäki as the head of the
Neutral Logistics Outsourcing (4PL) business line. The new business line heads
will assume their positions on 11 November 2013. 

The terminal in Vainikkala will be closed down and the terminal functions will
be transferred to the Luumäki terminal. Forwarding functions will continue in
Vainikkala. 

The above restructuring will result in changes in Nurminen Logistics' Executive
Board. As of 11 November 2013, the line-up of Nurminen Logistics Plc's
Executive Board will be as follows: Topi Saarenhovi (President and CEO), Paula
Kupiainen (CFO), Fedor Larionov (Senior Vice President, Railway Logistics) and
Hannu Vuorinen (Senior Vice President, Special Transports and Projects). 

The need for personnel reductions is estimated to be 40 employees at most.
Retirements and relocation within the Group may have effects on the need for
reductions. Nurminen Logistics had a total of 246 employees in Finland on 30
June 2013. 

The annual savings from reductions that will be made on the basis of the
negotiations are about EUR 2 million starting from 2014. The non-recurring
expenses arising from the need for personnel reduction amount to approximately
EUR 600 thousand, which will be recognised for the last quarter of 2013. 

The efficiency programme will have no impact on the company's business or
service portfolio. 

These changes have no effect on Nurminen Logistics Plc's financial reporting on
2013. The reported segments are Forwarding and Value Added Services, Special
Transports and Projects, Railway Logistics and Transit Logistics. 

Nurminen Logistics Plc

Topi Saarenhovi
President and CEO

For more information, please contact: Topi Saarenhovi, President and CEO, tel.
+358 10 545 2431. 

DISTRIBUTION
NASDAQ OMX Helsinki
Major media
www.nurminenlogistics.com

Nurminen Logistics provides high-quality logistics services, such as railway
transport, terminal services, forwarding, special and heavy transport and
value-added services. The company has accumulated logistics know-how in three
centuries, starting in 1886. Nurminen Logistics' main market areas are Finland,
the Baltic Sea region, Russia and other Eastern European countries. The
company's share is listed on NASDAQ OMX Helsinki.