Etteplan Oyj - Company Announcement

ETTEPLAN TRANSFERS AUTOMOTIVE INDUSTRY'S DESIGN SERVICES INTO A JOINT VENTURE

ETTEPLAN OYJ      STOCK EXCHANGE RELEASE      SEPTEMBER 18, 2009 AT 11:00 A.M.  

ETTEPLAN TRANSFERS AUTOMOTIVE INDUSTRY'S DESIGN SERVICES INTO A JOINT VENTURE   

Etteplan Oyj has sold a majority holding in its Swedish subsidiary Etteplan Tech
AB to Ulf Aiff, employed as Vice President in Etteplan Group, with contract     
signed on September 18, 2009. Etteplan Oyj sells 66.7% of Etteplan Tech AB's    
shares and voting rights to Ulf Aiff. The deal is executed as directed share    
issue.                                                                          

Etteplan Tech AB provides design services mainly to automotive industry. The    
company employs approximately 240 persons in Gothenburg and Trollhättan and has 
annual revenue of approximately EUR 19 million. After the sale of Etteplan Tech 
AB Etteplan has over 600 employees in Sweden.                                   

”The sale of the Swedish subsidiary is continuation of operation adjustments    
implemented in Sweden during year 2009. The sale has a healing impact on whole  
Group's operations profitability. Etteplan concentrates its operations even more
effectively in industrial machine and equipment engineering in order to grow in 
operations especially within technical product information and embedded systems'
sectors in Sweden. Sweden is an important market for Group's operations.        
Etteplan's clientele in Sweden operate among others in energy and power         
transmission sector, aerospace and defence equipment industry, equipment        
manufacturers in medical technology, steel and metal industry as well as        
equipment manufacturers in forest industry”, comments Matti Hyytiäinen,         
President and CEO of Etteplan Oyj.                                              

“Etteplan Group's other Swedish subsidiaries continue their operations as a part
of Etteplan. Among others Cool Engineering AB, operating in Gothenburg, serves  
customers manufacturing trains, mobile working machines, engines and cars by    
offering testing and analysis services that require expertise. These services   
are provided to add energy efficiency and improve emission control”, Hyytiäinen 
continues.                                                                      

”The structural change of automotive industry has significantly influenced      
customers' needs. With a joint venture we create even more competitive and      
flexible company that is able to develop services to suit the needs of          
automotive industry customers. We will continue cooperation with Etteplan       
utilizing their expertise in automotive industry assignments”, comments Ulf     
Aiff.                                                                           

The sale of the company causes EUR 8.0 million goodwill write-down that does not
affect cash flow. Etteplan's total assets decrease with approximately EUR 12    
million.                                                                        

Etteplan expects the full-year revenue to be under EUR 120 million and operating
profit to be negative due to non-recurring costs and goodwill write-down.       

Etteplan publishes its January-September 2009 interim report on October 29,     
2009.                                                                           

Hollola, September 18, 2009                                                     

Etteplan Oyj                                                                    

Board of Directors                                                              


Additional information:                                                         
President and CEO Matti Hyytiäinen, tel. +358 400 710 968                       


DISTRIBUTION:                                                                   
Nasdaq OMX Helsinki                                                             
Major media                                                                     
www.etteplan.com                                                                




Etteplan is a specialist in industrial equipment engineering and technical      
product information solutions and services. Our customers are global leaders in 
their fields and operate in areas like the automotive, aerospace and defence    
industries as well as the electricity generation and power transmission sectors,
and material flow management.                                                   

Etteplan has comprehensive competence in electronics and embedded systems       
development, automation and electrical design, mechanical design and technical  
product information solutions and services.                                     

Etteplan's strength lies in its highly skilled employees who, being located near
to the customers, are able to develop close, long term business relationships.  
We implement solutions globally according to customer needs.                    

In 2008, Etteplan had turnover of EUR 161.6 million. The company currently has  
approximately 2,000 employees. Etteplan's shares are listed on NASDAQ OMX       
Helsinki Ltd under the ETT1V ticker.