SRV Yhtiöt Oyj - Changes board/management/auditors

Jukka Hienonen appointed CEO of SRV

SRV Group Plc  Changes board/management/auditors  16 December 2009,9.00 a.m. EET

Jukka Hienonen M.Sc.(Econ.), 48, has been appointed SRV Group Plc's new CEO. He 
will join SRV on 1st August 2010.                                               

Jukka Hienonen will continue in his present post as President and CEO of Finnair
until the end of January 2010. Before this post he has worked as Executive Vice 
President and Director of Foreign Operations of Stockmann Plc, among others.    

“I have been a member of the Board of Directors of SRV for two years. During    
this time I have got a solid and positive understanding of the know-how,        
entrepreneurship and innovative way of thinking of SRV's expert organization. I 
think that SRV's possibilities in Russia are exceptionally encouraging, and this
is the part of the job where I believe I have most to give”, says Jukka         
Hienonen.                                                                       

“Through his experience in the Board of Directors, Jukka Hienonen knows SRV     
well. I have known him personally for years, and I am truly satisfied that we   
got a CEO for SRV who fits the post perfectly, especially in the company's      
present stage. Jukka is a person who works wholeheartedly, which is essential in
an organization like SRV.                                                       

SRV has put up strong efforts in many extensive projects in Russia, which will  
be realized when the economy recovers. They will start a whole new development  
phase in the company. They require hard work and expertise from everyone. Jukka 
speaks Russian and has wide experience in the country, therefore he is a perfect
fit as the CEO of the company”, says Ilpo Kokkila, chairman of the Board of     
Directors of SRV.                                                               

Hannu Linnoinen, Senior Executive Vice President and CFO, will continue as CEO  
in addition to his own tasks until Hienonen starts.                             

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SRV Group Plc operates as a partner in property and construction projects and is
the leading project management contractor in Finland. The company develops and  
constructs commercial and office premises, housing, industrial, logistics and   
rock construction sites as well as business and housing areas in Finland, Russia
and the Baltic states. SRV is an innovative developer of integrated construction
projects offering project and property development, investment planning, design 
and engineering as well as construction. SRV Group had revenues of EUR 537      
million in 2008.  The company has approximately 750 employees.                  


INVITATION TO MEDIA                                                             

SRV arranges a press conference on Wednesday 16 December 2009 at 12.00 noon in  
the show room of the construction site of Helsinki Music Center, address Alvar  
Aallonkuja (entrance opposite the Sanoma building). Ilpo Kokkila, Jukka Hienonen
and Hannu Linnoinen will be present in the press conference. For further        
information about the press conference please contact communications manager    
Maija Saastamoinen, tel. 040 500 2436.                                          


SRV Group Plc                                                                   
Board of Directors                                                              

For further information, please contact                                         
Ilpo Kokkila, Chairman of the Board, tel. +358 20 145 5202                      

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Nasdaq OMX Helsinki                                                             
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