Lassila & Tikanoja - Company Announcement

REORGANISATION OF THE BUSINESS OF LUBRICATING OIL RE-REFINING TO CONTINUE UNTIL AUTUMN

LASSILA & TIKANOJA PLC   STOCK EXCHANGE RELEASE   22 June 2010 9.30 am          

REORGANISATION OF THE BUSINESS OF LUBRICATING OIL RE-REFINING TO CONTINUE UNTIL 
AUTUMN                                                                          

On 29 April 2010, Lassila & Tikanoja plc announced that Lassila & Tikanoja and  
EcoStream Oy have signed a preliminary agreement on a business arrangement based
on which Lassila & Tikanoja will sell its 50 percent holding in the joint       
venture L&T Recoil Oy to EcoStream, a co-owner.                                 

The time given to the transaction related to the preliminary agreement has been 
extended. The transaction is intended to be completed by the end of September   
2010, on condition that, among others, the financing and the share issue needed 
by EcoStream for the transaction will be completed.                             

LASSILA & TIKANOJA PLC                                                          


Jari Sarjo                                                                      
President and CEO                                                               

For additional information, please contact Jari Sarjo, President and CEO, tel.  
+358 10 636 2810 or Ville Rantala, CFO, tel. +358 50 385 1442.    
Lassila & Tikanoja specialises in environmental management and property and     
plant support services and is a leading supplier of wood-based biofuels,        
recovered fuels and recycled raw materials. With operations in Finland, Sweden, 
Latvia and Russia, L&T employs 8,700 persons. Net sales in 2009 amounted to EUR 
582 million. L&T is listed on NASDAQ OMX Helsinki.                              

Distribution:                                                                   
NASDAQ OMX Helsinki                                                             
Major media                                                                     
www.lassila-tikanoja.com