2012-07-03 11:45:09 CEST

2012-07-03 11:46:06 CEST


REGULATED INFORMATION

Finnish English
Lemminkäinen - Company Announcement

Lemminkäinen divests its concrete business


LEMMINKÄINEN CORPORATION         STOCK EXCHANGE RELEASE             3 JULY 2012
AT 12:45 P.M. 

LEMMINKÄINEN DIVESTS ITS CONCRETE BUSINESS

Lemminkäinen and Rudus, a Finnish company in concrete and stone building
materials and products, have today signed a share purchase agreement for all
outstanding shares in Lemminkäinen Rakennustuotteet Oy. The transaction price
is EUR 55 million, which will yield approximately 20 million in capital gain.
The transaction will require regulatory approvals from the Finnish competition
authorities, which is expected to be admitted in the third quarter of 2012. The
transaction will have positive impact on Lemminkäinen's equity ratio.
Lemminkäinen's profit guidance for 2012 remains unchanged. 

The divested company is part of Lemminkäinen's Infrastructure Construction
business sector and operates three business areas: precast concrete elements
("Elemento" with 5 plants), landscaping concrete products ("Formento" with 3
plants) and ready-mixed concrete (16 plants). The business' net sales in 2011
were around EUR 84 million and it has some 400 employees in Finland. "Lemminkäinen is focusing on its key strategic growth areas, which are the
Nordic infrastructure construction and residential construction in the St
Petersburg area in Russia. Achieving significant growth in the concrete
business would have required major investments. Now the business gets excellent
development opportunities under the new ownership", says President and CEO Timo
Kohtamäki. 

Rudus, which has over 100 years of history, operates in Finland, the Baltic
countries and Russia. It is a part of the CRH plc Group, which is an
international diversified building materials group. CRH manufactures and
distributes building materials and products. CRH operates in 36 countries and
has 76,000 employees. Its net sales exceeded EUR 18 billion in 2011. 


LEMMINKÄINEN CORPORATION
Corporate Communications

ADDITIONAL INFORMATION:
Timo Kohtamäki, President & CEO
Lemminkäinen Corporation
Tel. +358 2071 53263
timo.kohtamaki@lemminkainen.com

Robert Öhman, CFO
Lemminkäinen Corporation
Tel. +358 2071 53515
robert.ohman@lemminkainen.com

DISTRIBUTION:
NASDAQ OMX Helsinki
Key media
www.lemminkainen.com

Lemminkäinen Group operates in all areas of the construction sector. The
Group's operations are organised into four business sectors: building
construction, infrastructure construction, technical building services and
international operations. Net sales in 2011 were about EUR 2.3 billion, of
which international operations accounted for roughly a third. The Group employs
8,400 people on average. Lemminkäinen Corporation's share is quoted on NASDAQ
OMX Nordic Exchange Helsinki. www.lemminkainen.com