Eastern European Markets

June, the 9th 2010

Lemminkäinen acquires new residential development in St. Petersburg

Lemminkäinen has acquired a residential development currently under
construction in Ozerki, a district in the north of St Petersburg. The site will
comprise some 200 apartments with a combined floor area of 15,000 m2 as well as
600 m2 of commercial premises. The construction work will be completed in
autumn 2011 and sales of housing units will commence in the autumn of this

In accordance with its strategy Lemminkäinen is seeking to exploit the growth
of Russia's construction markets. The Company aims to increase the volume of
its own residential and non-residential building production in parallel with
its traditional contracting business.

This new development will complement Lemminkäinen's offering of housing to St.
Petersburg's middle-class home buyers. Lemminkäinen Group's international
building construction company, Lemminkäinen Talo Oy International, will be
responsible for the construction works.

About Lemminkainen:
Lemminkäinen Group operates in all areas of the construction sector. The
Group's business sectors are Building Construction, Infrastructure
Construction, Technical Building Services, and Building Products. Net sales in
2009 were approx. EUR 2.0 billion, of which international operations accounted
for about one fifth. The Group employs about 8,600 people. Lemminkäinen
Corporation's share is quoted on NASDAQ OMX Helsinki Ltd.

For further information:
Juha Vättö
Regional Director
Lemminkäinen Talo Oy International
Tel. +358 400 558 164
Juha Höyhtyä
Managing Director
Lemminkäinen Talo Oy International
Tel. +358 40 537 50 32
NASDAQ OMX Helsinki Ltd.
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