Lemminkäinen - Company Announcement

Lemminkäinen Board of Directors has decided on the Terms and Conditions of a EUR 29.3 million Rights Offering

LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 22 AUGUST AT 10:20 A.M.


Not for publication or distribution, directly or indirectly, in or into
Australia, Canada, Hong Kong special administrative region of the People's
Republic of China, Japan, New Zealand, South Africa, Singapore or the United
States or any other jurisdiction in which the distribution or release would be
unlawful. 

LEMMINKÄINEN BOARD OF DIRECTORS HAS DECIDED ON THE TERMS AND CONDITIONS OF A
EUR 29.3 MILLION RIGHTS OFFERING 

The rights offering in brief:

  -- Rights offering of EUR 29.3 million to strengthen Lemminkäinen's balance
     sheet
  -- Two (2) new shares for eleven (11) existing shares held on the record date
     of 27 August 2014
  -- Subscription price of EUR 8.20 per new share 
  -- Lemminkäinen shares will trade ex-rights from 25 August 2014
  -- Subscription period begins on 1 September 2014 and ends on 17 September
     2014
  -- Trading in subscription rights begins on 1 September 2014 and ends on 10
     September 2014
  -- Fully underwritten rights offering through shareholder subscription
     commitments and bank underwriting

Overview of the Rights Offering

The Board of Directors of Lemminkäinen Corporation ("Lemminkäinen" or the"Company") has, based on the authorization granted by the Annual General
Meeting of shareholders on 9 April 2014, resolved on the rights offering of EUR
29.3 million (the "Offering") to raise net proceeds of EUR 27.1 million. The
proceeds from the Offering are intended to be used to strengthen the balance
sheet and to secure a sufficient financial flexibility for the implementation
of the Company's strategy. 

Lemminkäinen is offering for subscription to its shareholders a total of 3 569
724 new shares (the "Offer Shares"). Lemminkäinen grants to each of its
shareholders who are registered in the Company's shareholders' register
maintained by Euroclear Finland Ltd one (1) freely transferable subscription
right (the "Subscription Right") in the form of a book-entry for each share
owned on the record date 27 August 2014 (the "Record Date") of the Offering.
Every eleven (11) Subscription Rights will entitle their holder to subscribe
for two (2) Offer Shares at the Subscription Price of EUR 8.20 per Offer Share
(the "Subscription Price"). The Subscription Price corresponds to an implied
discount to the theoretical ex-rights price of approximately 35 percent, based
on Lemminkäinen's closing share price of EUR 13.45 on 21 August 2014 on the
Helsinki Stock Exchange. No fractions of the Offer Shares will be allotted and
a Subscription Right cannot be exercised partially. 

Shares will trade ex-rights from 25 August 2014. The subscription period
commences on 1 September 2014 and expires on 17 September 2014 at 4.30 pm EET.
Public trading of the Subscription Rights on the Helsinki Stock Exchange
commences on 1 September 2014 and expires on 10 September 2014. 

Assuming the Offering is fully subscribed for, the Offer Shares represent 18.2
per cent of the existing shares and related voting rights prior the Offering
and 15.4 per cent of all shares and related voting rights after the completion
of the Offering. 

Existing shareholders of Lemminkäinen and other investors may subscribe for
Offer Shares also without Subscription Rights (the "Secondary Subscription".
Offer Shares will be allocated to subscribers in the Secondary Subscription in
the event that not all the Offer Shares have been subscribed for pursuant to
the exercise of Subscription Rights. The allocation of Offer Shares in the
Secondary Subscription will be primarily determined per book-entry account in
proportion to the number of Subscription Rights exercised for subscription of
Offer Shares. 

Lemminkäinen expects to publish the preliminary results of the Offering in a
stock exchange release on or about 19 September 2014 and the final results of
the Offering on or about 23 September 2014. 

The terms and conditions of the Offering are attached to this stock exchange
release. Publication of the prospectus

In relation to the Offering, Lemminkäinen has submitted a Finnish language
prospectus for the approval of the Finnish Financial Supervisory Authority, and
such approval is expected to be received on 25 August 2014. The Finnish
language prospectus is expected to be available on Lemminkäinen's website
www.lemminkainen.fi/osakeanti2014 on 26 August 2014 and expected to be
available at the branch offices of Danske Bank in Finland and at Helsinki Stock
Exchange on 29 August 2014. 

Background for the Offering

The strengthening of the Company's financial position is a key factor in
Lemminkäinen's reviewed strategy, published on 30 July 2014. The strengthening
of the Company's financial position supports the Company's target for
profitable growth that it seeks by leveraging its strong position in
infrastructure construction in Northern Europe and by focusing on selected
customer segments and areas in building construction in Finland and Russia. 

Lemminkäinen agreed on 21 May 2014 on measures to strengthen its balance sheet
at the same time it agreed on amended terms for the three-year unsecured
revolving credit facility of EUR 185 million, originally entered into in March
2013. As part of these measures, the Company agreed to strengthen its balance
sheet with approximately EUR 100 million. The strengthening measures include
continuing the disposals of non-core assets and operations and carrying out a
share issue in autumn 2014. 

The Company agreed in August 2014 on an amendment to the timetable regarding
the balance sheet strengthening measures. The timetable was amended from the
end of year 2014 to the end of the third quarter in 2015. As a result of the
Offering and the amended timetable, the Company has, in its judgement,
sufficient working capital for at least the next twelve months. 

Subscription undertakings and underwriting

The Company has received from certain shareholders (each a "Subscription
Guarantor”"and together the "Subscription Guarantors") an irrevocable
commitment to subscribe for Offer Shares ("Subscription Undertaking") at the
Subscription Price. The received Subscription Undertakings represent an
aggregate of 61.9 per cent of the Offer Shares. 

Danske Bank A/S, Helsinki Branch ("Danske Bank"), which acts as the Lead
Manager of the Offering, has entered into an agreement with Lemminkäinen
pursuant to which it has agreed, subject to certain conditions, to procure
subscribers for any Offer Shares that may remain unsubscribed for in the
Offering, excluding the Offer Shares that the Subscription Guarantors have
irrevocably committed to subscribe for as set out above, or, failing which, to
subscribe for such Offer Shares itself. 


LEMMINKÄINEN CORPORATION

Corporate Communications





ADDITIONAL INFORMATION:

Ilkka Salonen, CFO

Tel. +358 2071 54518

Ilkka.salonen@lemminkainen.com


Katri Sundström, Head of Investor Relations

Tel. +358 2071 54813

katri.sundstrom@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 6,000 professionals. In 2013, our net sales were about EUR 2.0
billion. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic
Exchange Helsinki. www.lemminkainen.com 

DISCLAIMER

The information contained herein is not for publication or distribution,
directly or indirectly, in or into Australia, Canada, the Hong Kong special
administrative region of the People's Republic of China, Japan, New Zealand,
South Africa, Singapore or the United States. The issue, exercise or sale of
securities in the offering are subject to specific legal or regulatory
restrictions in certain jurisdictions. The Company assumes no responsibility in
the event there is a violation by any person of such restrictions. 

The information contained herein shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. Investors
must neither accept any offer for, nor acquire, any securities to which this
document refers, unless they do so on the basis of the information contained in
the applicable prospectus published by the Company. 

These written materials do not constitute an offer for sale of securities in
the United States, nor may the securities be offered or sold in the United
States absent registration or an exemption from registration under the U.S.
Securities Act of 1933, as amended, and the rules and regulations thereunder.
There is no intention to register any portion of the offering in the United
States or to conduct a public offering of securities in the United States. 

The Company has not authorised any offer to the public of securities in any
member state of the European Economic Area other than Finland. With respect to
each member state of the European Economic Area other than Finland which has
implemented the Prospectus Directive (each, a "Relevant Member State"), no
action has been undertaken or will be undertaken to make an offer to the public
of securities requiring publication of a prospectus in any Relevant Member
State. As a result, the securities may only be offered in Relevant Member
States (a) to any legal entity which is a qualified investor as defined in the
Prospectus Directive; or (b) in any other circumstances falling within Article
3(2) of the Prospectus Directive. For the purposes of this paragraph, the
expression "an offer of securities to the public" means the communication in
any form and by any means of sufficient information on the terms of the offer
and the securities to be offered so as to enable an investor to decide to
exercise, purchase or subscribe the securities, as the same may be varied by
any measure implementing the Prospectus Directive in that Relevant Member
State, and the expression "Prospectus Directive" means Directive 2003/71/EC
(and amendments thereto, including the 2010 PD Amending Directive, to the
extent implemented in the Relevant Member State), and includes any relevant
implementing measure in the Relevant Member State and the expression "2010 PD
Amending Directive" means Directive 2010/73/EU. 

The information contained herein shall not constitute a public offering of
shares in the United Kingdom. This document is only being distributed to and is
only directed at (i) persons who are outside the United Kingdom or (ii) to
investment professionals falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii)
high net worth companies, and other persons to whom it may lawfully be
communicated, falling within Article 49(2) of the Order (all such persons
together being referred to as "relevant persons"). Any investment activity to
which this document relates will be only available to, and will be engaged in
only with, relevant persons. Any person who is not a relevant person should not
act or rely on this announcement or any of its contents. 

TERMS AND CONDITIONS OF THE OFFERING

Overview of the Offering

On 9 April 2014, the Annual General Meeting of shareholders of Lemminkäinen
Corporation ("Lemminkäinen" or the "Company") authorized the Board of Directors
of the Company to resolve on a share issue. The number of shares issued based
on the authorization may not exceed 3,900,000 shares. The Board of Directors of
the Company was authorized to resolve upon other terms and conditions of the
share issue. 

On 22 August 2014, the Board of Directors of the Company resolved, based on the
authorization granted by the Annual General Meeting of shareholders of the
Company, to issue a maximum of 3,569,724 new shares in the Company (the "Offer
Shares") in the offering for consideration based on the pre-emptive
subscription right of the shareholders (the "Offering") as set forth in these
terms and conditions of the Offering. 

As a result of the Offering, the total number of shares in the Company may
increase from 19,650,176 existing shares (the "Existing Shares" and, together
with the Offer Shares, the "Shares") to a maximum of 23,219,900 Shares.
Assuming the Offering is fully subscribed for, the Offer Shares represent 18.2
per cent of the Existing Shares and related voting rights prior the Offering
and 15.4 per cent of all Shares and related voting rights after the completion
of the Offering. 

Right to Subscribe for Offer Shares with Subscription Rights (Primary
Subscription) 

The Offer Shares will be offered for subscription to the shareholders of the
Company in proportion to their shareholdings in the Company on the record date
(the "Record Date") of the Offering. The Record Date of the Offering is 27
August 2014. 

Each holder of the Existing Shares who is registered in the Company's
shareholders' register maintained by Euroclear Finland Ltd (“"uroclear
Finland") on the Record Date will automatically receive one (1) freely
transferable subscription right in the form of a book-entry (the "Subscription
Right") for each Existing Share owned on the Record Date. Eleven (11)
Subscription Rights will entitle its holder to subscribe for two (2) Offer
Shares. No fractions of the Offer Shares will be allotted and a Subscription
Right cannot be exercised partially. The Subscription Rights will be registered
on shareholders' book-entry accounts on 27 August 2014. No Subscription Rights
will be allocated to the Shares held by the Company. 

The Subscription Rights will be subject to public trading on NASDAQ OMX
Helsinki Ltd (the "Helsinki Stock Exchange”" from 1 September 2014 to 10
September 2014. 

If an Existing Share entitling to a Subscription Right is pledged or subject to
any other restrictions, the Subscription Right may not necessarily be exercised
without consent of the pledgee or holder of any other right. 

Right to Subscribe for Offer Shares Unsubscribed for in the Primary
Subscription without Subscription Rights (Secondary Subscription) 

The Board of Directors of the Company will decide to offer the Offer Shares,
which have not been subscribed for pursuant to the Subscription Rights, if any,
in a secondary offering to shareholders of the Company and/or to other
investors who have submitted a subscription assignment to subscribe for the
Offer Shares without Subscription Rights and/or, if Offer Shares are not fully
subscribed for thereafter, to subscribers procured by Danske Bank A/S, Helsinki
Branch) (the "Lead Manager"), and/or, if Offer Shares are still not fully
subscribed for, to the Lead Manager, in each case, subject to the terms and
conditions of the Underwriting Agreement (as defined below). See also"-Subscription for Offer Shares without Subscription Rights in the Secondary
Subscription and Allotment" below. 

Subscription Guarantors and Underwriting

The Company has received from certain of its shareholders (each a "Subscription
Guarantor" and together "Subscription Guarantors") an irrevocable commitment to
subscribe for Offer Shares (each a “Subscription Undertaking” and together"Subscription Undertakings") at the Subscription Price. The received
Subscription Undertakings represent an aggregate of 61.9 per cent of the Offer
Shares in the Offering. The shareholders that have committed to the
Subscription Undertaking are listed under "Agreements with the Lead Manager and
Subscription Undertakings-Participation of the Existing Shareholders" in the
Offering Circular. 

The Lead Manager has entered into an agreement with the Company pursuant to
which it has agreed, subject to certain conditions, to procure subscribers for
any Offer Shares that may remain unsubscribed for in the Offering, excluding
the Offer Shares that the Subscription Guarantors have irrevocably committed to
subscribe for as set out above, or, failing which, to subscribe for such Offer
Shares itself (the "Underwriting Agreement”). See Section “"greements with the
Lead Manager and Subscription Undertakings-Underwriting Agreement" in the
Offering Circular for more information on the Underwriting Agreement and the
related terms and conditions. 

Subscription Price

The subscription price is EUR 8.20 per Offer Share (the "Subscription Price").
The Subscription Price will be recorded in the reserve for invested
unrestricted equity of the Company. 

The Subscription Price corresponds to an implied discount, customary in rights
issues, to the theoretical ex-rights price of approximately 35 percent, based
on Lemminkäinen's closing share price of EUR 13.45 on 21 August 2014 on the
Helsinki Stock Exchange, i.e. the trading day immediately preceding the
decision of the Company's Board of Directors on the Offering. 

Subscription Period

The subscription period will commence on 1 September 2014 at 9.30 a.m. Finnish
time and expire on 17 September 2014 at 4.30 p.m. Finnish time (the"Subscription Period"). 

The places of subscription will accept subscription assignments during their
normal business hours. Places of subscription, book-entry account operators and
custodians may request submission of a subscription assignment from their
customers already at a certain date before the public trading with the
Subscription Rights or the Subscription Period ends. 

Places of Subscription

Subscription for Offer Shares may be effected at Danske Bank Oyj's ("Danske
Bank") branch offices and at Danske Bank Private Banking offices during their
normal business hours, and the Danske Bank Investment Line by telephone with
bank identifier codes from Monday to Friday from 9:00 a.m. to 8:00 p.m. Finnish
time at +358 200 2000 (local network charges/mobile phone charges apply). A
subscription assignment submitted through the Danske Bank Investment Linerequires that the subscriber has a valid bank identifier code agreement with
Danske Bank. The Danske Bank Investment Line calls are recorded. 

In addition, subscription assignments may be submitted to the book-entry
account operators and custodians who have entered into an authorized
representative agreement with Danske Bank for the receipt of subscriptions. 

Exercise of Subscription Rights in the Primary Subscription

A shareholder may participate in the Offering by subscribing for the Offer
Shares by using the Subscription Rights on the shareholder's book-entry account
and by paying the Subscription Price thereof. In order to participate in the
Offering, a shareholder must give a subscription assignment in accordance with
the instructions provided by the shareholder's own book-entry account operator
or custodian. If the shareholder's own book-entry account operator or custodian
does not provide instructions in relation to the subscription, the shareholder
should contact Danske Bank. The book-entry account customers of Euroclear
Finland must submit their subscription assignment at a branch office of Danske
Bank. 

Holders of Subscription Rights purchased from the Helsinki Stock Exchange must
submit their subscription assignments in accordance with the instructions given
by their own book-entry account operator or custodian. 

Shareholders and other investors participating in the Offering, whose Existing
Shares or Subscription Rights are held through a nominee, must submit their
subscription assignments in accordance with the instructions given by their
nominee. 

Subscription assignments must be submitted separately for each book-entry
account. 

Incomplete or erroneous subscription assignments may be rejected. A
subscription assignment may be rejected, if the subscription payment is not
made according to these terms and conditions or if such payment is incomplete.
In these situations, the subscription payment will be refunded to the
subscriber. No interest will be paid on the refunded amount. 

Any exercise of the Subscription Rights is irrevocable and may not be modified
or cancelled other than as set forth under "- Withdrawal of Subscriptions under
Certain Circumstances" below. 

Any unexercised Subscription Rights will expire without any compensation at the
end of the Subscription Period 4.30 p.m. Finnish time on at 17 September 2014. 

Subscription for Offer Shares without Subscription Rights in the Secondary
Subscription and Allotment 

Subscription for the Offer Shares without Subscription Rights must be effected
by a shareholder and/or other investor by submitting a subscription assignment
and simultaneously paying the Subscription Price in accordance with the
instructions provided by his/her book-entry account operator, custodian, or in
the case of nominee-registered holders, in accordance with the instructions
provided by the nominee. A subscription assignment can also be submitted at the
places of subscription set forth above. 

If a shareholder and/or other investor does not receive instructions from
his/her book-entry account operator, custodian or nominee or if a subscription
assignment cannot be returned to his/her book-entry account operator, custodian
or nominee, the subscription assignment can be made at any of Danske Bank's
branch offices. 

If several subscription assignments are submitted in relation to a single
book-entry account, the assignments will be combined into one assignment per
book-entry account. The subscription assignment and payment must be received by
the shareholder's and/or investor's book-entry account operator, custodian or
nominee or, if the subscription assignment has been submitted to Danske Bank by
Danske Bank, on 17 September 2014 at the latest or on an earlier date in
accordance with the instructions by the book-entry account operator, custodian
or nominee. 

In the event that not all of the Offer Shares have been subscribed for pursuant
to the exercise of the Subscription Rights, the Board of Directors of the
Company shall determine the allocation of the Offer Shares subscribed for
without Subscription Rights as follows: 

  -- first, to those that subscribed for Offer Shares also pursuant to
     Subscription Rights. If the Offering is oversubscribed by such subscribers,
     the allocation among such subscribers will be determined per book-entry
     account in proportion to the number of Subscription Rights exercised by
     subscribers for subscription of Offer Shares and, where this is not
     possible, by drawing of lots;
  -- second, to those that have subscribed for Offer Shares without Subscription
     Rights only and, if the Offering is oversubscribed by such subscribers, the
     allocation among such subscribers will be determined per book-entry account
     in proportion to the number of Offer Shares which such subscribers have
     subscribed for and, where this is not possible, by drawing of lots; and
  -- third, to subscribers procured by the Lead Manager or, when such
     subscribers have not been procured, to the Lead Manager in accordance with,
     and subject to, the terms and conditions of the Underwriting Agreement. The
     subscription period with respect to the Lead Manager and/or to subscribers
     procured by the Lead Manager expires on 23 September 2014.

The Company will confirm the approval or rejection of subscriptions for Offer
Shares without Subscription Rights to all investors that have given such
subscription assignments for the subscription for Offer Shares without
Subscription Rights. 

If the allocation of Offer Shares subscribed for without Subscription Rights
does not correspond to the amount of Offer Shares indicated in the subscription
assignment, the Subscription Price paid for non-allocated Offer Shares will be
refunded to the subscriber on or about 26 September 2014. No interest will be
paid on the refunded amount. 

Withdrawal of Subscriptions in Certain Circumstances

In the event that the prospectus related to the Offering (the "Offering
Circular") is supplemented or amended due to an error or omission in the
Offering Circular or due to material new information which, in each case, could
be of material importance to investors, investors who have subscribed for the
Offer Shares are entitled to withdraw their subscriptions in accordance with
the Finnish Securities Markets Act (746/2012, as amended) within two (2)
business days from the publication of the supplement or amendment to the
Offering Circular. A withdrawal of a subscription may only be made in respect
of all of the Offer Shares the shareholder has subscribed for. The withdrawal
right may only be used if the investor has committed to subscribe or subscribed
for the Offer Shares prior to the publication of the supplement or amendment to
the Offering Circular and provided that the error, omission or material new
information that has resulted in the supplement or amendment has become known
prior to delivery of the Offer Shares to the investor and, for the Offer Shares
subscribed for pursuant to the Subscription Rights, the time when trading with
the interim shares representing the Offer Shares (the "Interim Shares") begins.
The procedure regarding the withdrawal of the subscriptions will be announced
together with any such supplement or amendment to the Offering Circular through
a stock exchange release. 

Public Trading of the Subscription Rights

Holders of Subscription Rights may sell their Subscription Rights on the market
at any time during the public trading of the Subscription Rights. Public
trading of the Subscription Rights on the Helsinki Stock Exchange commences on
1 September 2014 and expires on 10 September 2014. The price of the
Subscription Rights on the Helsinki Stock Exchange will be determined in market
trading. Subscription Rights may be sold or purchased by giving a sell or
purchase assignment to one's own book-entry account operator or to any
securities broker. 

The ISIN code of the Subscription Rights is FI4000106174 and the trading symbol
is LEM1SU0114. 

Payment for the Subscriptions

The Subscription Price of the Offer Shares subscribed for in the Offering will
be paid in full at the time of submission of the subscription assignment in
accordance with the instructions given by the place of subscription, the
book-entry account operator or the custodian. 

A subscription will be deemed effected only after the arrival of the
subscription assignment at the subscription place or relevant book-entry
account operator or custodian and of the payment of the Subscription Price in
full. 

Approval of Subscriptions and Publication of the Results of the Offering

The Board of Directors of the Company will approve all subscriptions pursuant
to the Subscription Rights made in accordance with these terms and conditions
of the Offering and applicable laws and regulations on or about 23 September
2014 and will, in accordance with the allocation principles set out under"-Subscription for Offer Shares without Subscription Rights in the Secondary
Subscription and Allotment" above, approve subscriptions without Subscription
Rights made in accordance with these terms and conditions of the Offering and
applicable laws and regulations. No confirmation letters of acceptance of
primary subscriptions made pursuant to the Subscription Rights will be sent.
However, confirmation letters of acceptance of secondary subscriptions will be
sent. 

The Company will publish the final results of the Offering with a stock
exchange release on or about 23 September 2014. 

Registration of the Offer Shares to the Book-entry Accounts and Trading of the
Offer Shares 

The Offer Shares subscribed for in the Offering will be issued in book-entry
form in the book-entry securities system maintained by Euroclear Finland. The
Offer Shares subscribed for pursuant to the exercise of the Subscription Rights
will be recorded on the subscriber's book-entry account as Interim Shares
representing the Offer Shares after the subscription has been effected. The
ISIN code of the Interim Shares will be FI4000106182 and the trading symbol
will be LEM1SN0114. The Interim Shares will be freely transferable and trading
with the Interim Shares on the official list of the Helsinki Stock Exchange, as
a separate share class, will commence on the first trading day following the
expiration of the Subscription Period on or about 18 September 2014. 

The Interim Shares will be combined with the Existing Shares (ISIN code
FI0009900336 and trading symbol LEM1S) when the Offer Shares have been
registered with the Finnish Trade Register. Such combination is expected to
occur on or about 25 September 2014. The trading of the Offer Shares on the
official list of the Helsinki Stock Exchange is expected to commence on or
about 25 September 2014. 

The Offer Shares subscribed for without Subscription Rights will be recorded as
Shares on the subscriber's book-entry account on or about 25 September 2014. 

The Offer Shares are freely transferable.

Shareholder Rights

The Offer Shares will carry the right to receive dividends and other
distributions of funds, if any, and other shareholder rights in the Company as
of the registration of the Offer Shares with the Finnish Trade Register, which
will occur on or about 25 September 2014. 

The Offer Shares will rank pari passu with all Existing Shares as of the
registration of the Offer Shares with the Finnish Trade Register. Each Offer
Share entitles its holder to one vote at the General Meeting of shareholders of
the Company. 

Transfer Tax and Other Expenses

No transfer tax or service fee is payable on the subscription of the Offer
Shares. Book-entry account operators, custodians and securities brokers, who
exercise assignments regarding the Subscription Rights, may charge a brokerage
fee for these assignments in accordance with their own price lists. Book-entry
account operators and custodians also charge a fee for the maintenance of the
book-entry account and the deposit of shares in accordance with their price
list. 

Information

The documents referred to in Chapter 5, Section 22 of the Finnish Companies Act
(624/2006, as amended), are available for review at the Company's website at
www.lemminkainen.fi/osakeanti2014. 

Applicable Law and Dispute Resolution

The Offering will be governed by the laws of Finland. Any disputes arising in
connection with the Offering will be settled by the court of competent
jurisdiction in Finland. 

Other Issues

Other issues and practical matters relating to the Offering will be resolved by
the Board of Directors of the Company.