Lehto Group Oyj - Company Announcement

LEHTO GROUP PLC'S INITIAL PUBLIC OFFERING HAS BEEN OVERSUBSCRIBED AND THE SUBSCRIPTION PERIOD DISCONTINUED

NOT  FOR RELEASE, PUBLICATION OR DISTRIBUTION,  DIRECTLY OR INDIRECTLY, IN WHOLE
OR  IN PART, IN  OR INTO AUSTRALIA,  CANADA, HONG KONG,  JAPAN, SINGAPORE, SOUTH
AFRICA  OR THE  UNITED STATES,  OR ANY  OTHER JURISDICTION  IN WHICH  RELEASE OR
DISTRIBUTION WOULD BE UNLAWFUL

LEHTO  GROUP  PLC'S  INITIAL  PUBLIC  OFFERING  HAS  BEEN OVERSUBSCRIBED AND THE
SUBSCRIPTION PERIOD DISCONTINUED

The  initial public  offering ("Initial  Public Offering"  or "IPO",  as further
defined  below)  of  Lehto  Group  Plc  ("Lehto  Group"  or  "Company") has been
oversubscribed  multiple  times  and  the  Company's  Board  of  Directors  have
therefore  decided to discontinue  the subscription period  of the institutional
offering,  the public offering and  the share sale as  of today 22 April 2016 at
6.00 p.m. EET in accordance with the terms and conditions of the IPO.

The  Initial  Public  Offering  consisted  of  a  share  issue  to institutional
investors  in Finland and internationally ("Institutional Offering"), to private
individuals  and organisations in Finland ("Public  Offering") as well as to the
personnel of the Company in Finland ("Personnel Offering", and together with the
Institutional  Offering and the Public Offering, "Share Issue"). In addition, in
the   IPO   certain   shareholders   of  the  Company  ("Selling  Shareholders")
preliminarily  offered for purchase shares ("Sale Shares", and together with the
Issue  Shares,  "Offer  Shares")  to  institutional  investors  in  Finland  and
internationally  ("Share  Sale",  and  together  with  the Share Issue, "Initial
Public Offering" or "IPO").

The  subscription period for  the Initial Public  Offering commenced on 13 April
2016 at  9.00 a.m.  EET.  The  subscription  period  for  the Personnel Offering
expired on 20 April 2016 at 6.00 p.m. EET.

The  Company's Board  of Directors  and Selling  Shareholders will decide on the
acceptance  of subscriptions made  in the IPO,  the final subscription price and
the number of Offer Shares on or about 27 April 2016.

The discontinuation of the subscription period does not otherwise affect the IPO
timetable.  The Offer  Shares issued  in the  Public Offering  and the Personnel
Offering  are recorded in the book-entry accounts  of investors who have made an
accepted  commitment on or  about 28 April 2016. In  the Institutional Offering,
the Offer Shares will be ready to be delivered against payment on or about 2 May
2016 through  Euroclear  Finland  Ltd.  Trading  of  the Company's shares on the
prelist  of Nasdaq  Helsinki Ltd  is expected  to commence  on or about 28 April
2016 and  on the  official list  on or  about 2 May  2016. The shares will trade
under the symbol "LEHTO".

OP  Corporate Bank plc acts  as the Global Coordinator  and Joint Bookrunner and
Pareto  Securities Oy  as Joint  Bookrunner (together,  "Bookrunners"). Krogerus
Attorneys Ltd acts as the legal advisor of the Company. Roschier, Attorneys Ltd.
acts as the legal advisor of the Bookrunners.

Lehto Group Plc

Pertti Huuskonen, the chairman of the Board of Directors

Hannu Lehto, CEO


More information:

Veli-Pekka Paloranta, CFO tel. +358 400 944 074

Pertti Huuskonen, the chairman of the Board of Directors, tel. +358 400 680 816

Lehto Group in brief

Lehto  Group  is  a  Finnish  construction  and  real  estate  group focusing on
economically  driven construction. The Company's mission  is to be an innovative
reformer  of the construction  industry. The Company  has divided its operations
into four service areas: Business Premises, Housing, Social Care and Educational
Premises  and Building Renovation. Lehto Group currently operates in Finland and
is  geographically concentrated in growth centres, which form a significant part
of  the construction volume. The Company's  headquarters are located in Kempele.
The company employed 423 people at the end of the financial year 2015.

DISCLAIMER

This   announcement   is  not  for  publication  or  distribution,  directly  or
indirectly,  in Australia, Canada, Hong Kong,  Japan, Singapore, South Africa or
the  United States, or  any other jurisdiction  in which release or distribution
would  be unlawful. The  distribution of this  announcement may be restricted by
law  in certain jurisdictions and persons  into whose possession any document or
other  information referred to  herein comes should  inform themselves about and
observe  any such restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such jurisdiction.

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 approved  by the  Finnish Financial Supervisory Authority
and 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.  The
securities  will not  be registered  under the  U.S. Securities  Act of 1933, as
amended,  and there will be  no public offering of  the 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  for 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 document or any of its contents.

This   document   includes  "forward-looking  statements"  that  involve  risks,
uncertainties  and other  factors, many  of which  are outside  of the Company's
control  and could  cause actual  results to  differ materially from the results
discussed  in the forward-looking statements. Forward-looking statements include
statements  concerning the Company's dividend  policy, financial targets, plans,
objectives,  goals, future events, performance  and/or other information that is
not  historical information.  The Company  undertakes no  obligation to publicly
update  or  revise  forward-looking  statements  to reflect subsequent events or
circumstances after the date made, except as required by law.

The  Bookrunners are acting  exclusively for the  Company in connection with the
contemplated  listing. The Bookrunners will not regard any other person as their
respective  client in  relation to  the listing  and will  not be responsible to
anyone  other than the Company  for giving advice in  relation to the listing or
transactions related thereto.

[HUG#2005979]

Priedai:

Lehto_Group_PLC_ SUBSCRIPTION PERIOD DISCONTINUED_ENG.pdf