Lehto Group Oyj - Tender offer

Lehto Group Plc to Acquire Entire Share Capital of Building Renovation Company Rakennus Oy Wareco

Lehto Group Oyj Stock Exchange Release October 3, 2016 at 10.00:00 CET

Lehto Group Plc to Acquire Entire Share Capital of Building Renovation Company
Rakennus Oy Wareco

Lehto Group Plc ("Lehto") has acquired the entire share capital of Rakennus Oy
Wareco ("Wareco") by agreement signed on October 3, 2016. Wareco is a building
renovation company operating in Finnish capital region, operating in real estate
renovations, plumbing services of apartment house companies, renovation and
modification projects for facades as well as accessory and complementary
building. The personnel of Wareco has several decades' experience in building
renovation.

The acquisition supports the growth targets of Lehto. Through the acquisition
Lehto strengthens and expands its business in building renovation and gets more
professional personnel for example for large renovation projects and plumbing
renovations.

Wareco employs 70 persons and its net sales in 2015 was 28.7 million euros and
the operating profit was 0.7 million euros.

The purchase price of the shares on a debt and cash free basis is about 2.6
million euros. The exact purchase price will be confirmed as the interim
financial statements of the time of transaction will be finished. Lehto will
also pay additional purchase price on the basis of the profit that Wareco will
achieve in 2016, 2017 and 2018. The purchase price will be paid in cash from
Lehto's cash reserves.

The acquisition does not have a significant effect neither on the profit nor the
financial position of Lehto in 2016 and it will not change the previous
financial outlook for 2016 published by Lehto.

For more information:

Hannu Lehto, CEO
+ 358 500 280 448
hannu.lehto@lehto.fi

Veli-Pekka Paloranta, CFO
+ 358 400 944 074
veli-pekka.paloranta@lehto.fi

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's net sales in financial year 2015 was approx. EUR 276 million and
the company employed 423 people at the end of the financial year 2015.

www.lehto.fi


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