SRV Yhtiöt Oyj - Company Announcement

SRV AND STORA ENSO PLAN IN CO-OPERATION A WORLD-CLASS WOOD CITY TO HELSINKI

Espoo, Finland, 2011-10-03 14:00 CEST (GLOBE NEWSWIRE) -- SRV GROUP PLC        
        STOCK EXCHANGE RELEASE                    3 October 2011, at 15:00 

SRV plans in collaboration with Stora Enso to undertake a unique wooden
construction project in Finland. A proposal that a site in the Jätkäsaari
district of Helsinki be reserved for SRV and Stora Enso Oyj was submitted today
to the Real Estate Board of the City of Helsinki. Site of Planed Wood City
includes office, hotel and commercial buildings. The first buildings are
expected to be completed in 2013. 

Special attention will be paid to solutions that improve energy efficiency in
designing and constructing the buildings for the area. A high standard,
internationally interesting and progressive plan for Wood City will be sought
through an invitation-only design competition. 

“Wood construction is increasing in Finland and we are interested in bringing
our own expertise into this project. The project in Jätkäsaari features the
first high wood element buildings in Finland and they will act as an indicator
for industry's future trends.  This project will also splendidly serve our
goals for sustainable development” says SRV's Senior Executive Vice President
Timo Nieminen. 

The reservation of SRV and Stora Enso totals approximately 27.000 square meters
of floor and the buildings are planned to be constructed with Stora Enso's new
Urban MultiStorey™ wood construction concept. The aim is to create a
world-class project in which engineering skills can be taught in a practical
way and to develop wood architecture. 

Taneli Hassinen
Director, Communications and Marketing
SRV Group Plc
Tel. +358 40 504 3321
taneli.hassinen@srv.fi



Further information:

Timo Nieminen, Senior Executive Vice President, tel. +358 201 455 244