Lehto Group Oyj - Company Announcement

THE INITIAL PUBLIC OFFERING OF LEHTO GROUP PLC HAS BEEN SUCCESSFULLY COMPLETED - THE FINAL SUBSCRIPTION PRICE IS EUR 5.10 PER SHARE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
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DISTRIBUTION WOULD BE UNLAWFUL

THE INITIAL PUBLIC OFFERING OF LEHTO GROUP PLC HAS BEEN SUCCESSFULLY COMPLETED -
THE FINAL SUBSCRIPTION PRICE IS EUR 5.10 PER SHARE

The  initial public  offering ("Initial  Public Offering"  or "IPO",  as further
defined  below)  of  Lehto  Group  Plc  ("Lehto  Group"  or  "Company") has been
successfully  completed. The Board  of Directors of  the Company and the Selling
Shareholders  (as  defined  below)  have  today  decided to complete the Initial
Public  Offering. The final  subscription price for  the Public Offering and the
Institutional  Offering (both  as defined  below) is  EUR 5.10 per  share, which
implies  a market value of EUR 297 million for Lehto Group immediately after the
IPO.

The  IPO was oversubscribed multiple  times. The total demand  was over six fold
assuming  that the Over-Allotment Option (as  defined below) is fully exercised.
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"). The Company
issues  in  total  11,874,705 shares  in  the  Share Issue. In addition, certain
shareholders  of the Company  ("Selling Shareholders") sell  in total 1,732,340
shares ("Share Sale", together with the Share Issue "Initial Public Offering" or
"IPO").

The  Institutional Offering was  nearly ten times  subscribed (assuming that the
Over-Allotment  Option is fully exercised)  excluding the cornerstone investors'
share  of  subscriptions  and  share  allocation  in the Institutional Offering.
Approximately  50% of the institutional demand  was from international investors
(excluding  cornerstone investors). In the  Institutional Offering and the Share
Sale,  the Company and the Selling  Shareholders decided to allocate 12,147,340
shares to institutional investors in Finland and internationally.

The  Company issues 1,349,705 shares in the Public Offering. The Public Offering
was over four times subscribed by approximately 4,425 investors participating in
the Public Offering and submitting a commitment in accordance with the terms and
conditions  of the  IPO. The  Company accepted  subscription commitments  in the
Public  Offering in whole for  a maximum of 334 shares  and the remaining 2,313
shares  were allocated to the investors  which had submitted a commitment higher
than this, in a ranking order of commitment sizes.

The  Company  issues  110,000 Shares  in  the  Personnel  Offering and the final
subscription  price  of  the  Personnel  Offering  is  10% lower  than the final
subscription  price  of  the  Public  Offering,  being  EUR  4.59 per share. The
Company's  Board of Directors accepted subscription commitments in the Personnel
Offering  in whole for a maximum  of 800 shares and subscriptions exceeding this
amount  to 82.0% due  to oversubscription  in proportion  to the amount of unmet
subscription commitments.

In  connection with the IPO, Osuuskunta PPO  has the right and the obligation to
convert  a convertible loan into shares in accordance with the terms of the loan
("Conversion"). In total 1,065,643 new shares are issued in the Conversion.

The Company will receive approximately EUR 60.5 million in gross proceeds in the
IPO  before deducting the fees and expenses relating to the listing and the IPO.
The  Selling Shareholders are estimated to receive net proceeds of approximately
EUR 14.8 million from the Share Sale (assuming that the Over-Allotment Option is
fully  exercised).  As  a  result  of  the  IPO  the Company will have 4,589 new
shareholders   of   which   approximately   2.1% are   institutional  investors,
approximately   96.4% private  individuals  and  organisations  in  Finland  and
approximately  1.4% personnel of the  Company in Finland.  Proportional share of
ownership  of international  investors in  the Company  will total approximately
10.7% after the IPO and the Conversion.

After  the IPO  and the  Conversion the  Company's total  number of  shares will
increase  to 58,250,752 shares. The 12,940,348 new  shares subscribed for in the
Share  Issue and the Conversion correspond to approximately 22.2% and the shares
sold  in the  Share Sale  approximately 3.0% of  the Company's  shares and votes
after the completion of the IPO.

The  Selling Shareholders have  granted OP Corporate  Bank plc an over-allotment
option  ("Over-Allotment Option") to purchase or to procure purchasers for up to
1,470,821 shares  in  the  Company  at  the final subscription price exercisable
within  30 days  from  the  commencement  of  trading of the Company's shares on
Nasdaq Helsinki Ltd ("Helsinki Stock Exchange") solely to cover over-allotments.

A  confirmation letter regarding the  acceptance of the subscription commitments
and  the allocation of the shares will be  sent on as soon as practicable to all
investors  participating in the Public Offering and the Personnel Offering. If a
subscription commitment is rejected or it is accepted only partially, the amount
paid  or a  part thereof  will be  refunded to  the investor to the bank account
identified  in the subscription commitment as soon as practicable, approximately
by  2 May 2016. If an  investor's bank account  is in a  different bank than the
subscription  place,  the  refund  will  be  paid  to  a Finnish bank account in
accordance   with   the   payment   schedule   of  the  financial  institutions,
approximately  within no more than two (2)  banking days later. No interest will
be paid on such repaid funds.

The shares issued in the Public Offering and the Personnel Offering are recorded
in  the book-entry accounts of investors  who have made an accepted subscription
commitment on about 28 April 2016. In the Institutional Offering the shares will
be  ready to be delivered against  payment on about 2 May 2016 through Euroclear
Finland  Ltd. Trading  of the  Company's shares  on the  prelist of the Helsinki
Stock Exchange is expected to commence on 28 April 2016 and on the official list
on 2 May 2016 under the trading symbol "LEHTO".

After  the Initial Public Offering OP Corporate Bank plc may within 30 days from
the  commencement of the trading  of the shares on  the Helsinki Stock Exchange,
i.e.  on or about the  time period from 28 April  2016 to 27 May 2016, engage in
measures  on the prelist and later on on the official list of the Helsinki Stock
Exchange  which stabilise, maintain or otherwise  affect the price of the shares
which  would not otherwise prevail in  an open trade. Any stabilisation measures
will  be conducted in accordance with the European Commission Regulation (EC) No
2273/2003 implementing Directive 2003/6/EC of the European Parliament and of the
Council  as  regards  exemptions  for  buy-back  programmes and stabilization of
financial  instruments. OP  Corporate Bank  plc has  no obligation  to carry out
these  measures, and it may stop any of these measures at any time. OP Corporate
Bank  plc  may  enter  into  a  share  lending  agreement  with  Lehto Invest Oy
concerning the Over-Allotment Option and stabilisation.

OP  Corporate Bank plc acts  as the Global Coordinator  and Joint Bookrunner and
Pareto  Securities  Oy  as  Joint  Bookrunner  (together,  "Bookrunners") in the
Initial Public Offering. 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#2007249]

Attachments:

Lehto Group Oyj_Allokaatiosta tiedottaminen_ENG_20160427_LOPULLINEN.pdf