Trainer's House Oyj - Company Announcement

TRAINERS' HOUSE WITHDRAWS FROM SUBCONTRACTING WORK, STARTS COLLECTIVE NEGOTIATIONS, TARGETS FOR SAVINGS-CONSEQUENTLY Q1 WILL BE LOSS-MAKING

TRAINERS' HOUSE PLC	STOCK EXCHANGE RELEASE	25 FEBRUARY 2008 AT 7:30


In the weakening economic cycle Trainers' House accelerates the execution of
the chosen company strategy by substantially transforming its business
structure. The company withdraws from high price pressured, loss-making
subcontracting work, as it yields immeasurable, non-business critical value to
its customers. 
The company engages in collective negotiations with all personnel groups as a
result of the transformation program and related restructurings. The projected
reduction need of personnel is estimated to be at maximum 120 people. The more
detailed scope of personnel reductions, as well as other possible cost savings
measures, will be specified during the negotiations. 

As a part of the transformation program, the company has decided to pull out
from its loss-making international operations in Dusseldorf, Stockholm and St.
Petersburg.  The termination of the operations in Germany results into a one
off EUR 0.8 million goodwill write down in bookkeeping. 

Net sales and operating profit for the existing year are estimated to be lower
than in the previous year due to the transformation and restructuring program.
The company aims for EUR 7-9 million annual savings resulting from
transformation and restructuring. The estimated costs of the transformation and
restructuring will be booked as provisions in the first quarter's reporting.
This will result the ongoing quarter to be loss-making. 

TRAINERS' HOUSE PLC 
Board of Directors 


FURTHER INFORMATION 
Aarne Aktan, Chairman of the Board, tel +358 40 774 0204 

Jari Sarasvuo, CEO, tel +358 500 665 666

DISTRIBUTION: 
OMX Nordic Exchange Helsinki 
Prominent media sources 
www.trainershouse.fi - Investors