Etteplan Oyj - Company Announcement

ETTEPLAN OYJ UPDATES ITS STRATEGY AND RENEWS ORGANIZATION

ETTEPLAN OYJ STOCK EXCHANGE RELEASE FEBRUARY 24, 2012 AT 10:00 A.M.


ETTEPLAN OYJ UPDATES ITS STRATEGY AND RENEWS ORGANIZATION

Etteplan lifts Engineering Methods as the fourth strategic theme to complement
the themes specified in 2009: Customer Focus, Service Solutions and One
Etteplan. The goal of the company is to be market leader in the development of
advanced engineering methods. Engineering methods is defined as expertise and
tacit knowledge on engineering processes, practices, products and technologies.
With the help of advanced engineering methods  Etteplan differentiates from the
competitors. 

Etteplan's knowledge of advanced engineering methods is the sum of focused
efforts, the development of in-house operating models and business
acquisitions. The knowledge of engineering methods has enabled the development
of versatile solutions, which include, among others, Etteplan's service
products and high-quality offshoring services from China. The company is
developing engineering methods to correspond to emerging customer needs. 

Focusing on engineering methods development complements and strengthens
Etteplan's current strategy. The strategy has worked well in the prevailing
market situation; the company has grown faster than the markets and
strengthened its market position. 

Organization and Management Group renewed to support the updated strategy

Etteplan renews its organization to correspond to the updated strategy. The new
organization will be effective as of March 1, 2012. The goal of the
reorganization is to support the strategy implementation, speed up organic
growth and boost Etteplan's co-operation across organizational and country
borders. 

As of March 1, 2012 Etteplan's Management Group will consist of the following
persons in addition to President and CEO Juha Näkki: 

Per-Anders Gådin, Senior Vice President, Finance & IT
Veikko Lamminen, Senior Vice President, Operations Finland
Outi-Maria Liedes, Senior Vice President, Communications & Operational
Development 
Mikael Vatn, Senior Vice President, Operations Sweden

The members of the Management Group report to the President and CEO.

Peter Jahn will continue with the company as Vice President, Enterprise
Solutions. Peter Jahn reports to President and CEO Juha Näkki. 

It has been agreed with Niclas Gräns, Vice President, Partner Network, that his
employment with the company ends upon closing the Partner Network function he
was in charge of. 

Hollola, February 24, 2012

Etteplan Oyj

Group Communications


Additional information:
Juha Näkki, President and CEO, tel. +358 400 606 372


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


Etteplan is a specialist in industrial equipment engineering and technical
product information solutions and services. Etteplan's engineering expertise
and service products cover the entire life cycle of the client's products. Our
customers are global leaders in their fields and operate in areas like the
automotive, aerospace and defense 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. 

In 2011, Etteplan had turnover of EUR 119.4 million. The company currently has
more than 1,600 experts in Finland, Sweden, and China. Etteplan's shares are
listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.