Lemminkäinen - Tender offer

Lemminkäinen strengthens its position on Norway's infrastructure market with the acquisition of Norwegian Mesta Industri AS

LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE            17.12.2010 AT 4.20
P.M. 


LEMMINKÄINEN STRENGTHENS ITS POSITION ON NORWAY'S INFRASTRUCTURE MARKET WITH
THE ACQUISITION OF NORWEGIAN MESTA INDUSTRI AS 

Lemminkäinen has today signed an agreement for the acquisition of 100% of the
shares of Mesta Industri AS (at present Mesta Asfalt AS, name change pending),
a Norwegian infrastructure construction company, from Mesta Group. The
transaction price is EUR 14.8 million. The acquisition will require regulatory
approvals from the Norwegian competition authorities. Lemminkäinen estimates
that the transaction will be closed during the first quarter of 2011. 

Mesta Group, which is fully owned by the state of Norway, is among the
country's largest contractors within construction and maintenance of roads. The
acquired subsidiary Mesta Industri AS operates widely in the Norwegian asphalt
and mineral aggregates business sectors. The estimated 2010 net sales of Mesta
Industri is approximately EUR 50 million, and the business has some 170
employees on average. Mesta Industri AS was established in 2010 by merger of
Mesta Stein AS into Mesta Asfalt AS, both 100% subsidiaries of Mesta Group. 

'Nordic infrastructure construction is one of our strategic growth areas. This
acquisitionstrengthens Lemminkäinen's market position as a major infrastructure
contractor in Norway,' says Timo Kohtamäki, President & CEO, Lemminkäinen
Corporation. 'Mesta Industri, with nation-wide coverage, good mobile fleet of
equipment and experienced operational staff, offers an excellent strategic fit
for our current operations in Norway. After the acquisition we will be able to
reach our customers even better and can guarantee them a more flexible and
fuller-scale offering in the asphalt and mineral aggregates business sectors.' 

Lemminkäinen has been in the paving and mineral aggregates business in Norway
since 2001. Lemminkäinen Norge AS's net sales in 2009 were approx. EUR 120
million. After the acquisition Lemminkäinen will be among the three largest
paving contractors in Norway. 


LEMMINKÄINEN CORPORATION
Corporate Communications


ADDITIONAL INFORMATION:
President & CEO Timo Kohtamäki
Lemminkäinen Corporation
Tel. +358 2071 53263

CFO Robert Öhman
Lemminkäinen Corporation
Tel. +358 2071 53515


DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Key media
www.lemminkainen.com


Lemminkäinen Group operates in all areas of the construction sector. The
Group's business sectors are Building Construction, Infrastructure
Construction, Technical Building Services, and Building Products. As of 1
January 2011, the operations of Building Products will be transferred to the
Infrastructure Construction business sector. Lemminkäinen's Net sales in 2009
were approx. EUR 2.0 billion, of which international operations accounted for
over a quarter. The Group employs about 8,600 people. Lemminkäinen
Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com