Lemminkäinen Group

Lemminkäinen Group’s parent company, Lemminkäinen Corporation, is domiciled in Helsinki, Finland, and its share is listed on NASDAQ OMX Helsinki. In its communications Lemminkäinen observes Finnish and EU legislation, the rules of NASDAQ OMX Helsinki Ltd, the regulations of the Finnish Financial Supervisory Authority, as well as the principles set out in the Company’s Corporate Governance Statement. Lemminkäinen’s communications are based on facts and objectivity, and guided by the general principles of trustworthiness, openness and timeliness.

Key principles of communications

Reporting units. The Group as a whole and Lemminkäinen’s four business segements (International Operations, Building Construction, Infrastructure Construction and Technical Building Services) are the only units that report financial information and key figures.

Financial reporting schedule. The year-end financial statement and the interim financial reviews are published according to a previously announced schedule. The schedule is published before the end of the previous financial year.

Financial reporting. Information on the financial situation, balance sheet and financing position, future outlook, profitability trend and other similar matters is given primarily in the interim financial reviews and year-end financial statements. Lemminkäinen also published an Annual Report, which includes a review of the Group’s business operations and the execution of its strategy.

Guidance. In the Board of Directors’ report and in the interim financial statements Lemminkäinen provides guidance on how demand and market factors will develop over the current fiscal year, and gives an assessment of the factors and risks affecting future development. The Company also gives a verbal assessment of the financial outlook, which includes management’s estimate on net sales and profitability development.

Profit warning. A profit warning is issued without undue delay if the Company assesses that the Group’s result, financial position or future outlook has significantly changed from the previously released guidance. A profit warning is always issued as a stock exchange release.

Public releases. Lemminkäinen discloses without undue delay a stock exchange release describing any decision, issue or event that the Company believes will have a significant effect on the value of its share. In addition, news stories that do not meet the requirements set for stock exchange releases but are nonetheless regarded by the Company as being newsworthy or of general interest to its stakeholders are published on the website and as press releases.

Communication practices

Distribution and availability of releases. The principal source of up-to-date information on Lemminkäinen is the Company’s website, www.lemminkainen.com. Corporate Communications is responsible for the website and for the production, publication and distribution of Lemminkäinen’s releases. Lemminkäinen’s stock exchange and press releases are published through NASDAQ OMX Company News Service, and they are simultaneously posted on the Company’s website. All of Lemminkäinen’s releases are available on the website for at least three years, and financial reviews for at least five years.

Reporting language. Lemminkäinen’s official reporting language is Finnish. All official material is published in English as well.

Meetings with investors, analysts and media representatives. Lemminkäinen regularly meets with representatives of the capital markets and the media, and responds to their inquiries as quickly as possible. Lemminkäinen’s Investor Relations function centrally handles contacts with investors and analysts. Corporate Communications co-ordinates the meetings with representatives of the financial and general media. Group’s top management or other representatives of the Group usually participate these meetings. The meetings are based on information that has already been published or is generally available to the market. New information that might affect the value of the Company’s share is not introduced at these meetings.

Spokespersons. Statements concerning the operations and development of Lemminkäinen Group are made mainly by the President & CEO and the Chief Financial Officer. The heads of the business segments, support functions and business units give statements on matters within the scope of their own areas of responsibility.

Silent period. Lemminkäinen observes a 21-day silent period prior to publication of its financial results. During this period Lemminkäinen does not comment on the results, financial situation, or future outlook of the Group or its main business segments. Group management or the Investor Relations function do not meet with representatives of the capital markets during the silent period.

Rumours, market speculations and information leaks. Lemminkäinen does not comment on any rumours circulating on the market, the development of the share price, the actions of competitors or customers, or the forecasts of analysts unless it is necessary to correct information that is clearly erroneous and/or affects the Company’s share price. If confidential information with a significant effect on the value of the Company’s share leaks out, Lemminkäinen publishes without undue delay a stock exchange release concerning the matter.

Crisis communications. Crisis situations are reported immediately to Lemminkäinen’s Executive Board and the Board of Directors. Depending on the extent and nature of the crisis, the Company’s Board of Directors or the President & CEO appoints a crisis management team to deal with the situation and handle crises communications.

Insider rules. Lemminkäinen complies with the insider rules of NASDAQ OMX Helsinki. Internal insider and trading rules approved by the Board of Directors are also observed in the Group. Insider practices are described more fully on Lemminkäinen’s website.

Interpretations and deviations. The Company’s President & CEO is responsible for supervising Lemminkäinen’s disclosure policy and decides on any possible deviations from it.

Lemminkäinen’s Board of Directors approved the Disclosure Policy on 5 May 2010.