Trainer's House Oyj - Company Announcement

PRELIMINARY INFORMATION ON TRAINERS' HOUSE'S FOURTH QUARTER NET SALES AND OPERATING PROFIT; THE COMPANY TO WRITE-DOWN EUR 3.7 MILLION FROM THE DEFERRED TAX ASSET

TRAINERS' HOUSE PLC      STOCK EXCHANGE RELEASE      12 JANUARY 2010 AT 9:23

Trainers' House published on Jan 12 2010 that the company considers an issuance
of a hybrid capital bond. Therefore the company releases preliminary
information on net sales and operating profit of the last quarter in 2009. 
According to the current estimate, net sales of the fourth quarter will reach
EUR 6.9 million (Q4 2008 11.7 million), operating profit before non-recurring
items and depreciation resulting from the allocation of the purchase price of
Trainers' House Oy will be EUR 0.9 million (EUR 2.4 million), and operating
profit after these items, EUR 0.4 million (EUR 1.8 million). 

The Group's balance sheet contains deferred tax assets from losses carried
forward in the amount of EUR 7.1 million. The Board of Directors has, in their
meeting on Jan 11 2010, reviewed the value of the deferred tax asset and
decided to make a one-time EUR 3.7 million write-down from it. The write-down
is based on the updated forecast of the taxed income during the years
2010-2012. The write-down has no impact on the operating profit and cash flow. 

The updated goodwill impairment tests indicated no other need for write-downs.

The preliminary financial figures published above are unaudited.

Trainers' House PLC will publish the company's Financial Statements on 11
February 2010 at 8:30.

TRAINERS' HOUSE PLC

For more information, please contact:
Aarne Aktan, Chairman of the Board. Tel. +358 40 7740204

DISTRIBUTION
OMX Nordic Exchange, Helsinki
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