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Eastern European Markets
NEWS RELEASE
November 29, 2006

AAC Global to Expand its Operations to Russia

AAC Global Oy, a SanomaWSOY group company, is establishing a subsidiary in Russia and will open its first office in the center of St Petersburg in January 2007. The subsidiary will offer the same multilingual communication services to companies as AAC Global's other offices in Finland and Sweden. Core services will include language and cultural training for companies as well as challenging translation, localization and terminology projects.

The target group during the first phase of the operation will be Nordic companies already established in Russia, as they have extensive training and translation needs in the area. A quickly growing local customer base will provide significant additional potential for the expansion of AAC's services.

"The strategic goal of AAC Global is to become the leading provider of language services for companies in the Baltic area. We are particularly interested in supporting our key Nordic customers in their internationalization efforts. Russia, and the St Petersburg area in particular, constitutes a strong area of growth for our customers, which is why there has been positive pressure on us to extend our services to St Petersburg," says Janne Nevasuo, Managing Director of AAC Global Oy.

"Expanding AAC's operations to St Petersburg is a significant step also for WSOYpro. Our new AAC subsidiary and the infrastructure it offers will, in the future, create a platform from which WSOYpro can launch other products and services in the St Petersburg area, especially relating to corporate training," says Senior Vice President of WSOYpro, Tuomo Räsänen.

About AAC Global Oy
AC Global Oy is a multilingual communication service company offering language training, cross-cultural communication training, translation services, business and industry-specific term bank solutions as well as a range of blended-learning digital solutions. AAC Global is part of WSOYpro, a business unit of the SanomaWSOY Education and Books division of the SanomaWSOY Group. WSOYpro provides a wide range of training, competence and communications solutions for enterprises, comprising i.e. books, training, coaching and digital solutions.
SanomaWSOY is the leading media group in the Nordic region operating in versatile fields of media in over 20 European countries.

About Sanoma Wsoy
SanomaWSOY is the leading media group in the Nordic region operating in versatile fields of media in over 20 European countries.

For further information
Mr. Janne Nevasuo, Managing Director, AAC Global, tel. +358 400 303 776
Mr. Tuomo Räsänen, Senior Vice President, WSOYpro, tel. +358 9 6168 3546, +358 40 718 284
Mika Laitinen, Business Development Director, Russia, AAC Global, tel. +358 40 826 0370

portal.aacglobal.com


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