Lemminkäinen - Company Announcement

Lemminkäinen requests leave to appeal for some of the Helsinki Court of Appeal’s decisions regarding damages related to the asphalt cartel

LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 19 DECEMBER 2016 AT 1:00 P.M.

LEMMINKÄINEN REQUESTS LEAVE TO APPEAL FOR SOME OF THE HELSINKI COURT OF APPEAL’S
DECISIONS REGARDING DAMAGES RELATED TO THE ASPHALT CARTEL

Lemminkäinen requests leave to appeal from the Supreme Court concerning Helsinki
Court of Appeal’s decisions regarding damages related to the asphalt cartel. In
Lemminkäinen's opinion, there are certain aspects, where the conclusions of the
Helsinki Court of Appeal differ from previous case law or where there is no
established case law. Such aspects include the State’s liability and value added
tax.

Lemminkäinen requests leave to appeal concerning the Helsinki Court of Appeal’s
decisions regarding the State’s claim and those 13 municipalities’ claims, where
the claimants’ claims were partly accepted and where Lemminkäinen did not reach
a settlement with the claimants after the Helsinki Court of Appeal’s decisions.

On 7 December 2016, Lemminkäinen announced that it had settled with ten
municipalities (Imatra, Joensuu, Jyväskylä, Kouvola, Kuhmo, Lappeenranta,
Lieksa, Naantali, Raisio, Äänekoski). The parties agreed not to request leave to
appeal from the Supreme Court concerning the Helsinki Court of Appeal’s
decisions. After this, Lemminkäinen has reached similar settlements with seven
municipalities (Iisalmi, Kajaani, Kuopio, Nivala, Pori, Siilinjärvi,
Suomussalmi). Through the settlements, the parties wished to end long-lasting
legal proceedings and avoid additional costs. According to the settlement
agreements, the parties do not take any stand on whether there were any grounds
for compensation.

On 20 October 2016, the Helsinki Court of Appeal gave its decisions concerning
damages related to the asphalt cartel. On 20 October 2016 and 24 October 2016,
Lemminkäinen published releases of the decisions and their impacts.

LEMMINKÄINEN CORPORATION
Corporate Communications

ADDITIONAL INFORMATION:
Johan Nybergh, General Counsel
Tel. +358 2071 54811
johan.nybergh@lemminkainen.com

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Lemminkäinen is an expert in complex infrastructure construction and building
construction in Northern Europe and one of the largest paving companies in its
market. Together with our customers and 4,800 professionals we employ, we build
a sustainable society. In 2015, our net sales were EUR 1.9 billion. Lemminkäinen
Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com