Suominen Yhtymä - Company Announcement

SUOMINEN CORPORATION'S RIGHTS OFFERING OVERSUBSCRIBED

SUOMINEN CORPORATION  STOCK EXCHANGE RELEASE 24 JUNE 2010 AT 8:30 A.M.          


Not for release, publication or distribution in or into the United States,      
Australia, Japan or Canada.                                                     


SUOMINEN CORPORATION'S RIGHTS OFFERING OVERSUBSCRIBED                           

The subscription period for Suominen Corporation's (“Suominen”) rights offering 
of approximately EUR 10 million ended on 23 June 2010. A total of approximately 
23.7 million shares were offered for subscription in the rights offering.       
Preliminary, a total of approximately 32.9 million shares were subscribed for in
rights offering representing a total subscription level of 139.2%.              

Of the total shares offered, approximately 96.8% were subscribed for with       
subscription rights and the remainder without subscription rights. New shares   
subscribed for without subscription rights will be allocated first to investors 
who subscribed for new shares also by exercising subscription rights and then to
investors who subscribed for new shares only without subscription rights,       
according to allocation principles described in the prospectus relating to the  
rights offering dated on 4 June 2010.                                           

The final outcome of the rights offering is expected to be announced on or about
30 June 2010.                                                                   

- We are very pleased with the trust our shareholders have showed to us. The    
rights offering strengthens our balance sheet which creates better conditions   
for structural changes and development of the business operations, says Mr.     
Petri Rolig, President and CEO.                                                 

Trading in interim shares representing the new shares will commence on the      
NASDAQ OMX Helsinki today, 24 June 2010. All shares subscribed for in the rights
offering are expected to be registered with the Finnish Trade register on or    
about 1 July 2010, after which the interim shares will be combined with         
Suominen' existing shares. Trading in the new shares together with the existing 
shares is expected to commence on or about 2 July 2010.                         

Pohjola Corporate Finance Ltd acted as a Lead Manager for the rights offering.  

Helsinki, 24 June 2010                                                          

SUOMINEN CORPORATION                                                            

Board of Directors                                                              


For additional information please contact:                                      
Mr. Petri Rolig, President and CEO, tel. +358 (0)10 214 300                     
Mr. Arto Kiiskinen, Vice President and CFO, tel. +358 (0)10 214 300             


DISCLAIMER:                                                                     

The information contained herein is not for release, publication or             
distribution, directly or indirectly, in whole or in part, in or into the United
States, Australia, Canada or Japan. The information contained herein does not   
constitute an offer of securities for sale in the United States, nor may the    
securities be offered or sold in the United States absent registration or an    
exemption from registration as provided in the United States Securities Act of  
1933, as amended, and the rules and regulations thereunder. There is no         
intention to register any portion of the offering in the United States or to    
conduct a public offering of any securities in the United States.               

The information contained herein shall not constitute an offer to sell or the   
solicitation of an offer to buy, nor shall there be any sale of the securities  
referred to herein in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration, exemption from registration or         
qualification under the securities laws of any such jurisdiction.               

This communication does not constitute an offer of securities to the public in  
the United Kingdom. No prospectus has been or will be approved in the United    
Kingdom in respect of the securities. Consequently, this communication is       
directed only at (i) persons who are outside the United Kingdom, (ii) to        
investment professionals falling within Article 19(5) of the Financial Services 
and Markets Act 2000 (Financial Promotion) Order 2005 (the "FP Order") and (iii)
high net worth entities falling within Article 49(2) of the FP Order, and other 
persons to whom it may lawfully be communicated, (all such persons together     
being referred to as "relevant persons"). Any investment activity to which this 
communication relates will only be available to, and will only be engaged with, 
relevant persons. Any person who is not a relevant person should not act or rely
on this document or any of its contents.                                        
                                                                                
Any offer of securities to the public that may be deemed to be made pursuant to 
this communication in any EEA Member State that has implemented the Prospectus  
Directive is only addressed to qualified investors in that Member State within  
the meaning of the Prospectus Directive.                                        

This document is an advertisement for the purposes of applicable measures       
implementing Directive 2003/71/EC (such Directive, together with any applicable 
implementing measures in the relevant home Member State under such Directive,   
the "Prospectus Directive"). A prospectus prepared pursuant to the Prospectus   
Directive will be published in connection with any offering of securities, and  
will be available at locations receiving subscriptions for shares.              

Pohjola Corporate Finance is acting exclusively for Suominen Corporation and no 
one else in connection with the share issue. It will not regard any other person
(whether or not a recipient of this document) as a client in relation to the    
share issue and will not be responsible to anyone other than Suominen           
Corporation for providing the protections afforded to its clients, nor for      
giving advice in relation to the share issue or any transaction or arrangement  
referred to herein. No representation or warranty, express or implied, is made  
by Pohjola Corporate Finance as to the accuracy, completeness or verification of
the information set forth in this release, and nothing contained in this release
is, or shall be relied upon as, a promise or representation in this respect,    
whether as to the past or the future. Pohjola Corporate Finance assumes no      
responsibility for its accuracy, completeness or verification and, accordingly, 
disclaims, to the fullest extent permitted by applicable law, any and all       
liability which it may otherwise be found to have in respect of this release.