Large-scale pipe rehabilitation project for Lemminkäinen at Vuosaari, Helsinki

LEMMINKÄINEN CORPORATION                                 PRESS RELEASE 17.11 2011 at 3pm

LARGE-SCALE PIPE REHABILITATION PROJECT FOR LEMMINKÄINEN AT VUOSAARI, HELSINKI

Lemminkäinen will carry out the modernisation of 483 apartments for the housing company As Oy Lokkisaarentie in the Vuosaari district of Helsinki. The total value of the pipe rehabilitation contract is approximately EUR 10 million (VAT 0 %). The housing company, completed in 1965, comprises 14 three to five-storey apartment blocks. In total, the buildings have 41 stairwells and 483 apartments.

The rehabilitation contract includes the modernisation of the water and sewage lines and the ventilation and electrical systems as well as all building work required in the bathrooms, such as demolition, tiling, outfitting and installing fixtures. In addition, nine saunas will be renovated.

Activities on-site at Vuosaari will begin in December 2011. The project as a whole will be completed by the end of 2013.

"We specialise in carrying out demanding large-scale pipe rehabilitation projects, which allow us to best utilise out strong expertise in project management", says Director Kalevi Stenman, Lemminkäinen.

In recent years, Lemminkäinen has carried out large-scale pipe rehabilitation projects at Vuosaari. With the Lokkisaarentie contract, the number of apartments modernised by Lemminkäinen in the Vuosaari area will exceed 1,300.

LEMMINKÄINEN CORPORATION
Corporate Communications

MORE INFORMATION:
Kalevi Stenman, Director, Renovation
Lemminkäinen Talo Oy,
Helsinki Metropolitan Area
Tel. +358 2071 53264
kalevi.stenman@lemminkainen.fi

DISTRIBUTION:
NASDAQ OMX Helsinki

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Lemminkäinen Group operates in all areas of the construction sector. The Group's business sectors are building construction, infrastructure construction and technical building services. From the beginning of 2012, international operations will become Lemminkäinen’s fourth business sector. Net sales in 2010 were about EUR 2.0 billion, of which international operations accounted for roughly a quarter. The Group employs an average of 8,000 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com