Eastern European Markets

February 28th, 2009

Lemminkäinen involved in major road project in Estonia

AS Talter, a Lemminkäinen Group company, has signed a contract on a major road construction project with the Estonian Road Administration. The project involves basic improvement works on a 7-kilometre section of the E20 highway between Tallinn and Narva in Ida-Viru County. The contract is worth approx. EUR 31 million with 78% of the funding being provided by the EU and 22% by the Estonian government.

Lemminkäinen Infra Oy's Estonian subsidiary, AS Talter, will participate in the project as the leading partner in a consortium consisting of four construction companies. Talter will carry out approximately one third of the work under the contract.

Completed in 1972, the road section to be repaired is heavily trafficked and is in an extremely poor condition. One reason for this is that the road structures have been damaged by subsidence due to the old oil-shale mines in the area.

Aside from the repair of the main carriageway, the project involves a wide range of ancillary work. Local roads accessing the highway will be repaired and a new pedestrian and cycling path constructed. Additionally, four split-level intersections will be repaired, and four new road bridges as well as four pedestrian and cycling bridges built. Other work under the contract includes road markings and the construction of crash and noise barriers, green areas and extensive road lighting systems. Work on the project will commence in March 2009 and is due for completion in autumn 2010.

Over the past ten years, Lemminkäinen Infra Oy has been involved in a range of World Bank/EU-funded transport facility projects in the Baltic countries and Ukraine. In January, the company won a contract for a similar project in Moldova.

About Lemminkäinen Infra Oy
Lemminkäinen Infra Oy is one of the biggest infrastructure construction
companies in Finland and the Baltic Rim region. The company's operations
include the construction and maintenance of road, street and rail networks, as
well as rock and foundation engineering works. The company also has its own
asphalt, ready-mix concrete and mineral aggregate production. Lemminkäinen
Infra Oy's key markets are in the Baltic Rim region. International operations
make up about a half of the company's net sales, which totalled EUR 820 million
in 2007. The company employs approx. 3,300 people.

About Lemminkäinen Group
Lemminkäinen Group operates in all areas of the construction sector. Its main
business sectors are building construction, infrastructure construction,
technical building services, and building products. Net sales in 2007 were
approx. EUR 2.2 billion, of which international operations accounted for over a
quarter. The Group employs about 9,200 people. Lemminkäinen Corporation's share
is quoted on NASDAQ OMX Helsinki Ltd.

More information:
Director Timo Vikström
Lemminkäinen Infra Oy
Tel. +358 400 740 057
Regional Director Kalle Kauppi
Lemminkäinen Infra Oy
Tel. +358 400 423 765
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