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Eastern European Markets
PRESS RELEASE
June 16, 2005

Lemcon to build multipurpose arena in Magnitogorsk, Russia

Lemcon Ltd of the Lemminkäinen Group has signed a design & build contract for a large multipurpose arena in the Russian city of Magnitogorsk, which is situated in the southern Urals, about 1,600 kilometres southeast of Moscow. The project is being financed by Magnitogorsk Metallurgical Combine (MMC) and the regional government of Chelyabinsk Province.

Primarily intended for use as an ice hockey, ball game and concert venue, the arena will have seating capacity for 7,500 spectators. The arena’s design and construction works will begin immediately, and the building will be completed at the end of 2006. The contract is worth approx. EUR 32 million.

The Magnitogorsk contract is the latest in a string of arena projects carried out by Lemcon Ltd. The company has constructed a number of multipurpose arena, most notably Color Line Arena in Hamburg, Saku Great Hall in Tallinn and Donau Arena in Regensburg, Germany. Lemcon was also involved in the construction of Hartwall Arena in Helsinki. The company is currently building a multipurpose arena in Kazan, the capital of the Tatarstan Republic in Russia. The building will be completed on schedule at the end of this year.

For further information
Export Director (Russia) Jukka Posti, Lemcon Ltd,
tel. +358 40 524 3930
Regional Director Jouko Niemonen, Lemcon Ltd,
tel. +358 400 208 622

DISTRIBUTION:
Helsinki Exchanges, key media

www.lemminkäinen.fi


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