SRV Yhtiöt Oyj - Company Announcement

SRV will build spa hotel Holiday Club Saimaa in Lappeenranta

SRV Group Plc        Company announcement    14 January 2010   10.00 a.m. EET  

SRV has signed contract for the construction of spa hotel Holiday Club Saimaa in
Lappeenranta, in the historical area of Rauha. The hotel will have 222 rooms. In
addition to the hotel, an aqua park with wellness area, restaurant world and    
multifunction ice arena will be built.                                          

SRV acts as a contractor and investor in the project. The value of the signed   
contract is EUR 44 million. In addition, SRV will invest around EUR 3 million in
the project.                                                                    

The construction of Holiday Club Saimaa takes approximately 300 man-years. The  
spa hotel will be completed in summer 2011.                                     

“The construction project is significant for SRV, too. We can utilize our       
experience in hotel and spa construction”, says Juha Pekka Ojala, Executive Vice
President of SRV Business Premises. SRV's recent hotel projects include Flamingo
in Vantaa and Scandic Hotel in Vierumäki.                                       

The owner of the Holiday Club Saimaa spa hotel is Saimaan Kylpyläkiinteistöt Oy,
whose shareholders will be Holiday Club Resorts Oy, Mutual Pension Insurance    
company Varma, SRV Group Plc, Mutual Insurance Company Fennia, Insurance Company
Henki-Fennia and Miriensis Oy.Financing will be provided by Handelsbanken       
Finland,Pohjola Bank Plc, Nordea Bank Finland Plc, Finnvera Plc, City of        
Lappeenranta, The Ministry of Employment and the Economy and local Centre for   
Economic Development, Transport and the Environment                             

SRV Group Plc                                                                   
Hannu Linnoinen, CEO                                                            

Further information:                                                            
Juha Pekka Ojala, Executive Vice President of SRV Business Premises, tel. +358  
40 733 4173                                                                     
Distribution                                                                    
Nasdaq OMX Helsinki                                                             
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