Lemminkäinen - Company Announcement

Lemminkäinen will record non-recurring items in the fourth quarter result

LEMMINKÄINEN CORPORATION      STOCK EXCHANGE RELEASE      20 DECEMBER 2013 AT
9:30 A.M. 

LEMMINKÄINEN WILL RECORD NON-RECURRING ITEMS IN THE FOURTH QUARTER RESULT

Lemminkäinen will record approximately EUR 64 million as expenses from the
damages related to the asphalt cartel as well as EUR 30 million other
non-recurring items in its fourth quarter result in 2013. 

On 28 November 2013, the District Court of Helsinki ordered Lemminkäinen and
other asphalt industry companies to pay to 35 plaintiffs' damages due to the
asphalt cartel. Lemminkäinen's share of the damages is approximately EUR 48
million, which consists of damages ordered to only Lemminkäinen and
Lemminkäinen's share of the damages ordered to it and other asphalt industry
companies to be paid jointly and severally as well as costs related to them.
Lemminkäinen estimates that some of the other defendants, who were ordered to
pay damages jointly and severally by the District Court, will not be able to
pay their shares. Therefore Lemminkäinen will pay approximately EUR 10 million
worth damages and costs related to the damages that were ordered to the other
defendants. 

In addition to the claims which the District Court has decided on, 14 claims
against Lemminkäinen and other asphalt companies for damages are pending a main
proceeding. Their capital amounts to approximately EUR 8 million. Of these,
Lemminkäinen will make a provision worth EUR 6 million. The estimate is based
on the decisions given by the District Court of Helsinki on 28 November 2013.
The amount includes also interest and legal expenses related to the damages. 

In addition, Lemminkäinen will record non-recurring items in the fourth quarter
worth EUR 30 million. Of these, approximately EUR 20 million stems mainly from
the impairment of commercial properties, and EUR 10 million stems from the
efficiency improvement program started in 2013. 

According to the profit guidance issued on 28 November 2013, Lemminkäinen's
result in 2013 will be clearly negative. 

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