Lemminkäinen - Company Announcement

Lemminkäinen's share of damages related to the asphalt cartel specified to approximately EUR 48 million with interest and expenses

LEMMINKÄINEN CORPORATION  STOCK EXCHANGE RELEASE  2 DECEMBER 2013 AT 9:30 A.M.

LEMMINKÄINEN'S SHARE OF DAMAGES RELATED TO THE ASPHALT CARTEL SPECIFIED TO
APPROXIMATELY EUR 48 MILLION WITH INTEREST AND EXPENSES 

On 28 November, the District Court of Helsinki gave its decisions in the legal
proceedings concerning damages related to the asphalt cartel. According to the
District Court, Lemminkäinen's share of the damages is approximately EUR 48
million (damages of approximately EUR 26 million as well as interest and legal
expenses of approximately EUR 22 million). 

Lemminkäinen's share consists of damages ordered to only Lemminkäinen,
Lemminkäinen's share of the damages ordered to it and other asphalt industry
companies to be paid jointly and severally, as well as interest and legal
expenses related to the damages as follows: 

- Of those 26 claims, where Lemminkäinen was the only defendant, Lemminkäinen
was ordered to pay to 25 plaintiffs a total of approximately EUR 29 million, of
which damages of approximately EUR 15 million as well as interest and legal
expenses of approximately EUR 14 million. 

- Of those 13 other claims, where there were other asphalt industry companies
as plaintiffs together with Lemminkäinen, the District Court ordered the
defendants to pay to 10 plaintiffs a total of EUR 31 million, of which damages
of approximately EUR 19 million as well as interest and legal expenses of
approximately EUR 12 million. Part of this amount is ordered to be jointly and
severally paid with many defendants, which means that if any defendant does not
pay its share ordered by the District Court, other defendants have to pay that
share. According to the District Court, Lemminkäinen's share among the
defendants is a total of approximately EUR 19 million, of which damages of
approximately EUR 11 million as well as interest and legal expenses of
approximately EUR 8 million. 

Regarding these 39 claims, the District Court of Helsinki ordered Lemminkäinen
and other asphalt industry companies to pay to 35 plaintiffs a total of
approximately EUR 60 million, of which damages of approximately EUR 34 million
as well as interest and legal expenses of approximately EUR 26 million. 

LEMMINKÄINEN CORPORATION
Corporate Communications


ADDITIONAL INFORMATION:
Timo Kohtamäki, President & CEO
tel. +358 2071 53263
timo.kohtamaki@lemminkainen.com

Robert Öhman, CFO
tel. +358 2071 53515
robert.ohman@lemminkainen.com


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


Together with our customers we create conditions that make living, working and
travelling functional, safe and healthy. We operate in northern Europe and
employ about 8,200 experts. In 2012, our net sales were about EUR 2.3 billion.
Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange
Helsinki. www.lemminkainen.com