Lemminkäinen´s Interim Financial Review 1.1.-30.9.2008: Net sales rose, but profitability weakened

LEMMINKÄINEN CORPORATION	INTERIM FINANCIAL REVIEW	6.11.2008, 09:00              


LEMMINKÄINEN'S INTERIM FINANCIAL REVIEW 1.1. - 30.9.2008: Net sales rose, but   
profitability weakened                                                          

- Net sales rose 13 % to EUR 1,739.3 million (1,535.6) 
- International operations accounted for EUR 485.2 million (411.1) of net sales 
- The operating profit fell 17 % to EUR 85.7 million (103.6), representing 4.9
% (6.7) of net sales. 
- The profit before taxes fell 26 % to EUR 68.0 million (91.5) 
- Earnings per share were EUR 2.73 (3.83) 
- The equity ratio was 24.4 % (29.5) and gearing 161.8 % (113.7) 
- The Company's order book at the end of the review period was EUR 1,341.4
million 1,524.3) 
- The Group's full-year net sales are forecast to rise in 2008, but the result
is expected to be weaker than last year. 


JANUARY-SEPTEMBER 2008 BY BUSINESS SECTOR                                       

The net sales of Lemminkäinen's building construction business sector rose 10 %,
but its operating profit fell 22 %. The business sector's earnings were         
depressed by a sharp decline in domestic demand for housing as well as the      
cancellation of some already agreed commercial property deals due to financial  
difficulties experienced by the buyers. Demand for housing in Russia weakened.  

The net sales of Lemminkäinen's infrastructure construction business sector grew
13 %, but its operating profit was down 30 %. Domestic paving as well as mineral
aggregates and ready-mix concrete operations boosted the business sector's net  
sales. The weakening of earnings was due mainly to increased input costs and the
poor market situation in the Baltic states.                                     

The net sales of the technical building services business sector rose 19 % and  
its operating profit improved by 73 %. Demand for the sector's services remained
good in all areas of its business.                                              

The net sales of the building products business sector rose 23 % and its        
operating profit improved 7 %. Demand for urban environment and sports          
construction continued to be good. The downturn in the construction sector      
weakened demand for roofing materials and pre-cast concrete staircase units.    


GROWING UNCERTAINTY IN THE OPERATING ENVIRONMENT                                

Of Lemminkäinen's business sectors, the outlook has weakened the most in        
building construction. In Finland demand for housing has declined sharply and   
growth in commercial and office construction has peaked.                        

Lemminkäinen's operations in the infrastructure construction and technical      
building services business sectors reduce the Company's dependence on           
fluctuations in demand for building construction. The markets for these business
sectors are expected to remain stable in spite of the economic uncertainty.     

As a consequence of the weakened outlook for the construction market, the       
Company has initiated the necessary adjustment measures.                        


OUTLOOK FOR 2008                                                                

Lemminkäinen estimates that the full-year profit before taxes for 2008 will     
weaken. The Company's net sales and balance sheet will both be stronger than    
last year.                                                                      

The results of the building construction and infrastructure construction        
business sectors will be weaker than in 2007. The results of the technical      
building services and building products business sectors will remain unchanged  
or improve.                                                                     

On 30.10.2008 Lemminkäinen issued a profit warning in which it amended the      
outlook for 2008 reported in its interim financial review for the period 1.1. - 
30.6.2008. In that interim financial review the Company reported that it        
expected net sales to be higher than last year, and that earnings would remain  
at the 2007 level. The Company's financial position was expected to remain      
unchanged.                                                                      


INTERIM FINANCIAL REVIEW MATERIAL AND FINANCIAL STATEMENTS FOR 2008             

Presentation material concerning the result for the period 1.1.-30.9.2008 is    
available on the Company's website at www.lemminkainen.com. Lemminkäinen's      
financial statements for 2008 will be published on 12 February 2009 at 9.00 a.m.


LEMMINKÄINEN CORPORATION                                                        

Juhani Sormaala                                                                 
Managing Director                                                               


Additional information:                                                         
Juhani Sormaala, Managing Director, tel. +358 2071 53302                        
Jukka Ovaska, Finance Director, tel. +358 2071 53334                            
Katri Sundström, Investor Relations Manager, tel. +358 2071 54813               


APPENDICES:                                                                     

Interim Financial Review 1.1.-30.9.2008                                         
Tabulated Section of the Interim Financial Review                               


DISTRIBUTION:                                                                   
NASDAQ OMX Helsinki                                                             
Key media                                                                       
www.lemminkainen.com                                                            


INTERIM FINANCIAL REVIEW 1.1.-30.9.2008                                         


OPERATING ENVIRONMENT                                                           

Finland                                                                         

The Finnish economy is likely to grow by less than 3 per cent this year, and a  
further slowdown of growth is expected next year. The risks of accelerating     
inflation and higher interest rates have reduced somewhat. On the other hand,   
the diminished availability of financing has become a significant uncertainty   
factor.                                                                         

According to the Confederation of Finnish Construction Industries, there will be
a downturn in construction next year and unemployment will start to rise. It is 
expected that a total of 25,000 new housing starts will be made in Finland this 
year, falling to 23,000 in 2009.                                                

The growth of commercial and office construction has slowed down especially in  
the second half of the year, and its volume is expected to contract next year.  
Current projects have been postponed due to financing difficulties. The market  
for industrial construction has remained good and the growth of refurbishment   
contracting is expected to continue also next year.                             

The infrastructure construction market has remained reasonably good. Next year  
there may be a short-lived downturn in growth due to the postponement of some   
major projects.                                                                 


Relevant markets for Lemminkäinen abroad                                        

In Sweden, Norway and Denmark the economic growth rate will slow down in        
2008-2009. In Norway and Sweden the growth of infrastructure construction will  
be supported by additional appropriations decided by the governments of these   
countries.                                                                      

In the Baltic states new road construction and upgrade projects are still being 
launched, but the difficult competitive situation and lower price level have    
significantly weakened the operating conditions in the region.                  

In Russia construction continues to be brisk and inward foreign investment has  
been growing. The availability of credit for consumers and businesses has       
deteriorated in the third quarter, which may reduce the volume of construction  
in the near future.                                                             

(Sources: Confederation of Finnish Construction Industries, Research Institute  
of the Finnish Economy, Nordea)                                                 


LEMMINKÄINEN'S NEW STRUCTURE EFFECTIVE FROM 1.1.2008                            

Lemminkäinen Group was reorganised into four business sectors with effect from 1
January 2008. The business sectors are building construction, infrastructure    
construction, technical building services and building products.                

Lemminkäinen's operations in the building construction and infrastructure       
construction business sectors are the responsibility of two newly established   
companies, Lemminkäinen Talo Oy and Lemminkäinen Infra Oy, respectively.        
Tekmanni Oy is a provider of technical building services, technical facility    
services and industrial services. The building products business sector,        
Lemminkäinen Building Products, comprises the subsidiaries Lemminkäinen Katto Oy
(roofing), Lemminkäinen Betonituote Oy (concrete products) and Omni-Sica Oy     
(sports construction).                                                          

More detailed information on Lemminkäinen's reorganisation is provided in the   
Company's Annual Report 2007 and on its website.                                

The comparative figures presented in this interim financial review for the      
building construction and infrastructure construction business sectors are pro  
forma figures.                                                                  


GROUP NET SALES, EARNINGS AND BALANCE SHEET                                     

The net sales of Lemminkäinen Group were EUR 1,739.3 million (1,535.6). The     
Group generated 72 % (73) of its net sales in Finland, 14 % (14) in other Nordic
countries, 4 % (2) in Russia, 7 % (7) in Eastern Europe and the Baltic states,  
and 3 % (4) in other countries.                                                 

--------------------------------------------------------------------------------
| Net sales by business sector,   |    1-9/2008 |     1-9/2007 |     Change, % |
| EUR million                     |             |              |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building construction           |       779.2 |      710.31) |           9.7 |
--------------------------------------------------------------------------------
| Infrastructure construction     |       683.8 |      603.11) |          13.4 |
--------------------------------------------------------------------------------
| Technical building services     |       193.2 |        161.9 |          19.3 |
--------------------------------------------------------------------------------
| Building products               |       121.8 |         99.2 |          22.8 |
--------------------------------------------------------------------------------
| Other operations and intragroup |             |              |               |
--------------------------------------------------------------------------------
| eliminations                    |       -38.7 |        -38.9 |           0.5 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group, total                    |     1,739.3 |      1,535.6 |          13.3 |
--------------------------------------------------------------------------------
1)pro forma                                                                     

The operating profit was EUR 85.7 million (103.6) and the profit before taxes   
EUR 68.0 million (91.5). The profit for the accounting period was EUR 50.8      
million (70.2), of which EUR 46.5 million (65.2) was attributable to the        
shareholders of the parent company. Earnings per share were EUR 2.73 (3.83).    

--------------------------------------------------------------------------------
| Operating profit by business        | 1-9/2008 |     1-9/2007 |    Change, % |
| sector,                             |          |              |              |
| EUR million                         |          |              |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building construction               |     35.8 |       45.91) |        -22.0 |
--------------------------------------------------------------------------------
| Infrastructure construction         |     31.5 |       44.91) |        -29.8 |
--------------------------------------------------------------------------------
| Technical building services         |     14.0 |          8.1 |         72.8 |
--------------------------------------------------------------------------------
| Building products                   |      9.6 |          9.0 |          6.7 |
--------------------------------------------------------------------------------
| Others                              |     -5.3 |         -4.3 |         23.3 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group, total                        |     85.7 |        103.6 |        -17.3 |
--------------------------------------------------------------------------------
1)pro forma                                                                     

The Company's cash funds at the end of the review period were EUR 94.2 million  
(60.1) and the net interest-bearing debt EUR 543.4 million (350.1). The equity  
ratio was 24.4 % (29.5) and gearing 161.8 % (113.7).                            


BUSINESS SECTORS                                                                

BUILDING CONSTRUCTION                                                           

The net sales of the building construction business sector were EUR 779.2       
million (710.3)1), of which international operations accounted for EUR 161.3    
million (136.1)1). The business sector generated 79 % of its net sales in       
Finland, 5 % in other Nordic countries, 6 % in Russia, 4 % in North and South   
America, and 6 % in other countries.                                            

Net sales were boosted by the sustained level of active commercial and office   
construction in Finland as well as building construction in Russia.             

The business sector's operating profit was EUR 35.8 million (45.9)1). The result
was weakened by a sharp decline in demand for housing in Finland and the        
cancellation of some already agreed commercial property deals due to financial  
difficulties experienced by the buyers. The properties relating to the cancelled
deals are leased. Other operating income recognised during Q1-Q3 last year was  
higher than in the review period.                                               

The order book at the end of the review period was EUR 747.9 million (981.3)1), 
of which international operations accounted for EUR 156.9 (154.5)1).            

1)pro forma                                                                     


Operations in Finland                                                           

There was a marked slowdown in Lemminkäinen's domestic housing sales at the end 
of the review period. The number of unsold completed units has grown            
significantly in some localities. Lemminkäinen made 504 (2007: 770) new         
private-sector housing starts in Finland during the review period. In the fourth
quarter new housing starts will be made only in exceptional cases.              

The growth of demand for commercial, industrial and logistics construction in   
Finland has peaked. Office construction, which has long been brisk in the       
Helsinki metropolitan area, is also slowing. The international financial crisis 
has weakened the financing opportunities open to real estate investors and      
raised the yield requirements of investors.                                     

Demand for refurbishment contracting is expected to remain good also next year. 
Refurbishment contracting already accounts for over 10 per cent of              
Lemminkäinen's building construction, and that percentage is expected to rise in
the future.                                                                     

--------------------------------------------------------------------------------
| Lemminkäinen's private-sector    |    1-9/2008 |     1-9/2007 |    1-12/2007 |
| housing production in Finland,   |             |              |              |
| units                            |             |              |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Housing starts                   |         504 |          770 |          852 |
--------------------------------------------------------------------------------
| Housing units sold               |         534 |          716 |          883 |
--------------------------------------------------------------------------------
| Unsold completed units           |         443 |          210 |          283 |
--------------------------------------------------------------------------------
| Completed                        |         735 |          644 |        1,488 |
--------------------------------------------------------------------------------
| Under construction at 30.9.2008  |         882 |        1,583 |        1,123 |
--------------------------------------------------------------------------------

At the end of the review period Lemminkäinen owned a total of 856,000 m2 of     
unused building rights, of which about 390,000 m2 were residential building     
rights. The Company also has binding or conditional co-operation and zoning     
agreements for a further 751,000 m2, of which about 272,000 m2 are residential  
building rights.                                                                


International operations                                                        

Lemminkäinen is building about 600 housing units in St. Petersburg. Construction
of a 135-hectare industrial park in the province of Kaluga is also proceeding   
according to original plan.                                                     

Lemminkäinen's project export opportunities have remained good as Finnish       
industry continues to make plant investments around the world, most notably in  
China, India and Poland.                                                        

The construction of telecom networks in the developing countries is expected to 
remain brisk, although price competition in this area is fierce.                

The arbitral tribunal held in its separate award rendered in Stockholm on 29    
September 2008 that IKEA's termination in spring 2006 of the construction       
contract for the MEGA shopping centre in St. Petersburg was not justified. The  
arbitral tribunal will decide on the amount of compensation at a later date     
(bulletin 1.10.2008).                                                           

--------------------------------------------------------------------------------
| Lemminkäinen's private-sector housing      |       1-9/2008 |      1-12/2007 |
| production in other countries, units       |                |                |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Housing starts                             |            559 |             91 |
--------------------------------------------------------------------------------
| Housing units sold                         |             93 |              - |
--------------------------------------------------------------------------------
| Unsold completed units                     |              - |              - |
--------------------------------------------------------------------------------
| Completed                                  |              - |              - |
--------------------------------------------------------------------------------
| Under construction at 30.9.2008            |            650 |             91 |
--------------------------------------------------------------------------------


INFRASTRUCTURE CONSTRUCTION                                                     

The net sales of the infrastructure construction business sector were EUR 683.8 
million (603.1)1), of which international operations accounted for EUR 312.6    
million (259.8)1). The business sector generated 54 % of its net sales in       
Finland, 29 % in other Nordic countries, 14 % in the Baltic states and 3 % in   
Russia.                                                                         

The business sector's operating profit was EUR 31.5 million (44.9)1). The result
was weakened by increased input costs and the poor market situation in the      
Baltic states. The price of crude oil has fallen significantly from the summer's
peak levels, but the simultaneous strengthening of the dollar has lessened the  
benefit from the drop in price. Also, other operating income recognised in the  
review period was lower than in Q1-Q3 last year.                                

The order book at the end of the review period was EUR 446.2 million (381.6)1), 
of which international operations accounted for EUR 218.1 million (204.4)1).    

1)pro forma                                                                     


Operations in Finland                                                           

Increased input costs have reduced the demand for paving in Finland.            
Lemminkäinen's order book in the end of review period for paving works is good  
and, weather permitting, paving operations will continue until the onset of     
winter.                                                                         

Competition is fierce on the domestic markets for transport infrastructure      
construction and rock engineering, and all of the industry's companies have     
unused capacity. In foundation engineering the market for building repair works 
has been good this year. The weakened economic outlook has led to               
lower-than-expected demand for mining works.                                    

The markets for mineral aggregates and ready-mix concrete have remained         
favourable, even though the prices of cement and blasting materials have risen  
substantially. Lemminkäinen is looking into the possibility of independently    
importing cement in the future.                                                 

International operations                                                        


Net sales from the infrastructure construction business sector's international  
operations grew, but profitability was reduced by, among other factors, asphalt 
production costs, which rose by a fifth over the past twelve months.            

In the Baltic states the development of the road network continues, but         
competitive conditions in the region have become extremely challenging.         
Resources are being liberated from building construction for use in             
infrastructure construction, which is contributing to the intensification of    
competition. On the other hand, it is also relieving the shortage of labour and 
normalising the pay level trend.                                                

In Norway and Denmark the outlook for paving operations is reasonably good and  
the total volume of paving works is expected to remain unchanged. In Sweden the 
rock engineering market remains good, and new projects will be starting up in   
the coming months. Government appropriations for infrastructure construction in 
the coming years have been increased in Sweden and Norway.                      


TECHNICAL BUILDING SERVICES                                                     

The net sales of the technical building services business sector were EUR 193.2 
million (161.9). The business sector's operating profit rose by 73 % to EUR 14.0
million (8.1). The order book at the end of the review period was EUR 109.5     
million (118.5).                                                                

Brisk commercial and office construction has sustained demand for technical     
building services at a good level this year. However, demand growth peaked at   
the end of the review period, and there has been a clear reduction in the both  
the size and number of contracts.                                               

The business of Tekmanni Service Oy, which specialises in the maintenance and   
servicing of technical building and facility systems, continues to be brisk.    
Among other contracts, the company is providing energy certificates for over 80 
properties owned by Ilmarinen Mutual Pension Insurance Company and assessing the
condition and replacement needs of the properties' technical systems.           


BUILDING PRODUCTS                                                               

The net sales of the building products business sector were EUR 121.8 million   
(99.2), and its operating profit was EUR 9.6 million (9.0). The order book at   
the end of the review period was EUR 37.8 million (43.0).                       

Demand for urban environment and sports construction has remained good. Exports 
of building materials mainly to Sweden and Eastern Europe have continued        
to be brisk. The slowdown of new construction has weakened demand for pre-cast  
concrete staircase units and wall elements.                                     

                                                                                
GROUP'S ORDER BOOK                                                              

Lemminkäinen's order book fell 12 % compared with the end of September last     
year. The market breakdown of the order book was Finland 72 % (75), other Nordic
countries 16 % (12), Russia 6 % (5), the Baltic states 5 % (3), and other       
countries 1 % (4).                                                              


--------------------------------------------------------------------------------
| Order book by business sector,    |      9/2008 |       9/2007 |   Change, % |
| EUR million                       |             |              |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building construction             |       747.9 |      981.31) |       -23.8 |
--------------------------------------------------------------------------------
| Infrastructure construction       |       446.2 |      381.61) |        16.9 |
--------------------------------------------------------------------------------
| Technical building services       |       109.5 |        118.5 |        -7.6 |
--------------------------------------------------------------------------------
| Building products                 |        37.8 |         43.0 |       -12.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group, total, of which            |     1,341.4 |      1,524.3 |       -12.0 |
--------------------------------------------------------------------------------
| International orders              |       378.5 |        365.0 |         3.7 |
--------------------------------------------------------------------------------
1)pro forma                                                                     

Significant orders received during the review period                            
Lemminkäinen is constructing a production plant for Nokia Siemens Networks Oy in
Chennai, India. The total floor area of the plant is 33,700 m2.                 
An agreement has been signed with Nokian Tyres Plc concerning the technical     
building works for a plant expansion in Vsevolozhsk. The total floor area of the
plant expansion is 29,000 m².                                                   

A service agreement has been signed with the Estonian Road Administration       
whereby the company assumes responsibility for the summer and winter maintenance
of the road network in Ida-Viru County for a period of 8 years.                 

Lemminkäinen has received two railway tunnel construction contracts from        
Ådalsbana line in Sweden. The combined length of the tunnels is about 5.5       
kilometres.                                                                     


FINANCING                                                                       

According to the cash flow statement, the cash flow from operating activities   
was EUR -188.1 million (-9.0), the cash flow from investing activities EUR -30.8
million (-19.7) and the cash flow from financing activities EUR 234.7 million   
(28.1). The cash flow for the review period includes dividends totalling EUR    
32.6 million (27.4) for 2007.                                                   

Interest-bearing liabilities at the end of the review period were EUR 637.6     
million (410.2) and liquid funds were EUR 94.2 million (60.1). Interest-bearing 
net debt was EUR 543.4 million (350.1). Net financing expenses were EUR 17.6    
million (12.0), representing 1.0 % (0.8) of net sales.                          

The equity ratio was 24.4 % (29.5) and gearing 161.8 % (113.7).                 

The changes in cash flows are due to the growth of working capital, increased   
financing expenses, and taxes paid. Working capital was increased mainly by     
office construction projects and housing production in progress. Financing costs
were increased by the growth of net debt and higher interest rates.             

In addition to liquid funds, the Group has TyEL pension premium loan allocations
and a committed credit limit of EUR 150 million.                                


LEMMINKÄINEN'S SHARE                                                            

The listed price of Lemminkäinen Corporation's share was EUR 31.50 (36.10) at   
the beginning and EUR 18.80 (49.95) at the end of the review period. The market 
capitalisation at the end of the review period was EUR 320.0 million (850.2).   
Altogether 2,666,508 (4,052,265) shares worth EUR 79.5 million (187.9) were     
traded in the review period. At the end of September the Company had 4,291      
(3,357) shareholders.                                                           


INVESTMENTS                                                                     

Investments in the accounting period amounted to EUR 49.2 million (45.6). The   
investments were mainly purchases of paving, crushing and excavation equipment, 
production plant for building materials, and building construction equipment.   


PERSONNEL                                                                       

The average number of employees in the Group over the review period was 9,847   
(9,170). Approx. 72 % of the employees were working in Finland, 11 % in other   
Nordic countries, 11 % in the Baltic states, and 7 % in other countries.        

--------------------------------------------------------------------------------
| Personnel, average                |    1-9/2008 |     1-9/2007 |   Change, % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Hourly paid employees             |       6,570 |        6,050 |         8.6 |
--------------------------------------------------------------------------------
| Salaried staff                    |       3,275 |        3,120 |         5.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Personnel, total, of whom         |       9,845 |        9,170 |         7.4 |
--------------------------------------------------------------------------------
| Working abroad                    |       2,814 |        2,597 |         8.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Personnel at the end              |             |              |             |
--------------------------------------------------------------------------------
| of the review period              |      10,364 |        9,810 |         5.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Wages, salaries and other         |             |              |             |
--------------------------------------------------------------------------------
| remuneration, EUR million         |       258.3 |        233.1 |        10.8 |
--------------------------------------------------------------------------------


CORPORATE GOVERNANCE AND DECISIONS OF THE ANNUAL GENERAL MEETING                

Lemminkäinen Corporation's Annual General Meeting held on 14 March 2008 adopted 
the Company's final accounts and consolidated financial statements for 2007 and 
granted the Managing Director and the members of the Board of Directors         
discharge from liability. The Annual General Meeting decided in accordance with 
the Board of Directors' proposal to pay a dividend of EUR 1.80 per share, i.e. a
total dividend pay-out of EUR 30,638,250.00. The dividend's record date was 19  
March 2008 and the payment date was 28 March 2008.                              

Messrs. Berndt Brunow, Heikki Pentti, Teppo Taberman, Sakari Tamminen and Ms.   
Kristiina Pentti were re-elected to serve as members of the Board of Directors. 
Mr. Juhani Mäkinen, Counsellor of Law, attorney, was newly elected to serve as a
Board member. PricewaterhouseCoopers Oy, a firm of authorised public            
accountants, was re-elected to serve as the Company's auditor, with Jan         
Holmberg, APA acting as the chief auditor.                                      

Heikki Pentti, long-serving Chairman of Lemminkäinen Corporation's Board of     
Directors and the Company's biggest shareholder, passed away on 19 April 2008.  
Heikki Pentti was a Director of the Company for 39 years. He served as the      
Company's Managing Director in the years 1983-1993 and as the Chairman of the   
Board of Directors from 1994 onwards.                                           

Lemminkäinen Corporation's Board of Director held an organisation meeting after 
the death of Heikki Pentti. Berndt Brunow was elected to serve as the Chairman  
of the Board, and Juhani Mäkinen as the Vice Chairman. The Board of Directors   
will work as a five-member body until the next Annual General Meeting is held in
spring 2009.                                                                    

On 5 November 2008 the Board of Directors appointed Timo Kohtamäki, Lic. Tech.  
to serve as the Managing Director of Lemminkäinen Corporation with effect from 1
January 2009. The appointment was disclosed in a separate stock exchange        
bulletin released on 6 November 2008.                                           


MARKET COURT'S DECISION IN THE ASPHALT INDUSTRY CARTEL CASE                     

In December 2007 the Market Court ordered seven asphalt industry companies to   
pay a total of EUR 19.4 million in infringement fines for contravention of      
competition law. The infringement fine imposed on Lemminkäinen was EUR 14       
million. The amount proposed by the Finnish Competition Authority was EUR 68    
million.                                                                        

In addition to Lemminkäinen, the Finnish Competition Authority and some asphalt 
industry companies have appealed the decision to the Supreme Administrative     
Court. Irrespective of the future of the proceedings, the competition           
infringement fine of EUR 14 million imposed on Lemminkäinen by the Market Court 
was recognised as an expense in the fourth quarter of 2007. Since the decision  
has been appealed, the total amount of the fine may change.                     

On 18 June 2008 Lemminkäinen was informed of an application for a summons in    
which the Finnish Road Administration is demanding compensatory damages from    
different asphalt companies before the Helsinki District Court. Lemminkäinen's  
share of the claimed compensation is at most EUR 10.5 million. The Finnish Road 
Administration is also seeking damages of at most EUR 5.6 million from          
Lemminkäinen, under joint and several liability with other defendant companies. 
The Finnish Road Administration has asked the Helsinki District Court to        
postpone the hearing of the case until the competition restriction case has been
resolved in the Supreme Administrative Court. (Bulletins 19.12.2007 and         
18.6.2008)                                                                      


RISKS AND UNCERTAINTIES IN THE NEAR FUTURE                                      

The most significant risk for Lemminkäinen in the near future is market risk.   
The international financial crisis is creating uncertainty in key sectors of    
Lemminkäinen's operating environment and making it more difficult to foresee    
future changes. As a consequence of this, the Company has initiated the         
necessary adjustment measures.                                                  

In Finland the sharp fall in demand for housing production increases sales risk.
Lemminkäinen has significantly reduced the volume of its housing production     
compared with last year, and in the fourth quarter new housing starts will be   
made only in exceptional cases.                                                 

The starting point for Lemminkäinen's strategy is to direct operations to       
business sectors that differ from one another in their business cycle           
behaviours. Fluctuations in the demand for new construction in Finland are      
balanced by international business operations as well as by repair and          
maintenance work. The Group's building repair and maintenance operations account
for approximately 40% of its business.                                          

The Company's Annual Report and its website provide more information on         
Lemminkäinen's risk management.                                                 


THE ENVIRONMENT                                                                 

Lemminkäinen's values include environmentally responsible construction.         
Lemminkäinen Group takes into account life-cycle and environmental perspectives 
when developing its operations, products and services. Environmental issues and 
the environmental effects of the Group's operations are continuously managed by 
means internal monitoring and control programs. The Company's Annual Report and 
its website provide more information on Lemminkäinen's environmental issues.    


OUTLOOK FOR 2008                                                                

Lemminkäinen estimates that the full-year profit before taxes for 2008 will     
weaken. The Company's net sales and balance sheet will both be stronger than    
last year.                                                                      

The results of the building construction and infrastructure construction        
business sectors will be weaker than in 2007. The results of the technical      
building services and building products business sectors will remain unchanged  
or improve.                                                                     

On 30.10.2008 Lemminkäinen issued a profit warning in which it amended the      
outlook for 2008 reported in its interim financial review for the period 1.1. - 
30.6.2008. In that interim financial review the Company reported that it        
expected net sales to be higher than last year, and that earnings would remain  
at the 2007 level. The Company's financial position was expected to remain      
unchanged.                                                                      



Helsinki, 5 November 2008                                                       

LEMMINKÄINEN CORPORATION                                                        
Board of Directors                                                              



TABULATED SECTION OF THE INTERIM FINANCIAL REVIEW                               

This interim financial review has been prepared in accordance with the          
recognition and accounting principles of the IFRS standards and it conforms to  
the IAS 34 Interim Financial Reporting Standard. The same IFRS recognition and  
measurement principles used in the annual financial statements for 2007 have    
been observed in the preparation of this interim financial review with the      
below-mentioned changes.                                                        

The Group's share of the results of affiliated companies that was earlier       
recognised on the consolidated income statement as a financial item is now      
included in operating profit. The business areas of Lemminkäinen Group's        
affiliated companies are road maintenance and upkeep, road markings, asphalt    
production and paving, and mineral aggregates production, so the change in      
presentation format is in better keeping with the nature of these operations.   
The change increases the operating profit by EUR 1.3 million in Q1-Q3 2008 and  
by EUR 0.6 million in the comparative period. The change does not have any      
effect on the result before taxes. The comparative figures have been adjusted.  

Changes in accounting principles with effect from 1 January 2008:               

- IFRIC 11 concerning the application of IFRS 2 to share-based payments         
- IFRIC 12 Service Concession Arrangements                                      
- IFRIC 14, IAS 19 The Limit and                                                
Defined Benefit Assets, Minimum Funding Requirements and their Interaction      

Adoption of the new interpretations does not have any bearing on the Group's    
interim financial review.                                                       

On 3 July 2008 the International Financial Reporting Interpretations Committee  
(IFRIC) issued interpretation IFRIC 15 - Agreements for the Construction of Real
Estate. The interpretation has not yet been approved in the European Union,     
which is a prerequisite for its application. EU approval is not expected until  
early 2009. However, according to the transitional rules, the interpretation    
must be applied in the accounting period commencing on 1 January 2009. The      
interpretation applies to agreements for the construction of real estate and    
provides guidance on the recognition of revenues and their related costs. In    
practice the new interpretation affects the income recognition practice for     
Lemminkäinen Group's own developments, the basis of which will change from      
percentage of completion to recognition at delivery. As a result, the           
recognition of revenues from such projects on the income statement will be      
slowed down.                                                                    

The information contained in the interim financial review has not been audited. 


--------------------------------------------------------------------------------
| FINANCIAL STATEMENTS AND OTHER TABULATED INFORMATION                         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 1) Consolidated income statement                                             |
--------------------------------------------------------------------------------
| 2) Consolidated balance sheet                                                |
--------------------------------------------------------------------------------
| 3) Consolidated cash flow statement                                          |
--------------------------------------------------------------------------------
| 4) Consolidated statement of changes in shareholders' equity                 |
--------------------------------------------------------------------------------
| 5) Consolidated income statement, quarterly                                  |
--------------------------------------------------------------------------------
| 6) Net sales by business sector                                              |
--------------------------------------------------------------------------------
| 7) Net sales by business sector, quarterly                                   |
--------------------------------------------------------------------------------
| 8) Operating profit by business sector                                       |
--------------------------------------------------------------------------------
| 9) Operating profit by business sector, quarterly                            |
--------------------------------------------------------------------------------
| 10) Economic trends and financial indicators                                 |
--------------------------------------------------------------------------------
| 11) Share-specific indicators                                                |
--------------------------------------------------------------------------------
| 12) Guarantees and contingent liabilities                                    |
--------------------------------------------------------------------------------
| 13) Litigation                                                               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 1) CONSOLIDATED INCOME STATEMENT                                             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR million             | 09/20 | 09/20 |   Change |       Change,  | 12/200 |
|                         |    08 |    07 |          |                |      7 |
--------------------------------------------------------------------------------
|                         |       |       |          |              % |        |
--------------------------------------------------------------------------------
| Net sales               | 1,739 | 1,535 |    203.7 |           13.3 | 2,174. |
|                         |    .3 |    .6 |          |                |      1 |
--------------------------------------------------------------------------------
| Other operating income  |       |       |          |                |        |
--------------------------------------------------------------------------------
| and expenses            | -1,62 | -1,40 |   -220.6 |           15.7 | -2,013 |
|                         |   7.2 |   6.6 |          |                |     .6 |
--------------------------------------------------------------------------------
| Depreciation            |  27.7 |  26.1 |      1.6 |            6.1 |   34.2 |
--------------------------------------------------------------------------------
| Share of the results of |       |       |          |                |        |
--------------------------------------------------------------------------------
| affiliated companies    |   1.3 |   0.6 |      0.7 |       Over 100 |    0.9 |
--------------------------------------------------------------------------------
| Operating profit        |  85.7 | 103.6 |    -17.9 |          -17.3 |  127.2 |
--------------------------------------------------------------------------------
| Financial expenses      |  22.8 |  15.5 |      7.3 |           47.1 |   22.2 |
--------------------------------------------------------------------------------
| Financial income        |   5.2 |   3.5 |      1.7 |           48.6 |    6.2 |
--------------------------------------------------------------------------------
| Profit/loss before      |  68.0 |  91.5 |    -23.5 |          -25.7 |  111.2 |
| taxes                   |       |       |          |                |        |
--------------------------------------------------------------------------------
| Income taxes            | -17.2 | -21.4 |      4.2 |           19.6 |  -30.6 |
--------------------------------------------------------------------------------
| Profit/loss for the     |       |       |          |                |        |
| accounting              |       |       |          |                |        |
--------------------------------------------------------------------------------
| period                  |  50.8 |  70.2 |    -19.4 |          -27.6 |   80.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Distribution of the profit/loss for the        |       |            |        |
| accounting period                              |       |            |        |
--------------------------------------------------------------------------------
| To parent company       |  46.5 |  65.2 |    -18.7 |          -28.7 |   72.9 |
| shareholders            |       |       |          |                |        |
--------------------------------------------------------------------------------
| To minority interests   |   4.2 |   5.0 |     -0.8 |          -16.0 |    7.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EPS calculated from profit/loss attributable to parent company shareholders  |
--------------------------------------------------------------------------------
| Earnings per share, diluted and undiluted,                                   |
--------------------------------------------------------------------------------
| EUR                     |  0.71 |  1.55 |          |                |   4.29 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 2) CONSOLIDATED BALANCE SHEET                                                |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR million                     | 09/20 |  09/2007 |                | 12/200 |
|                                 |    08 |          |                |      7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current assets              |       |          |                |        |
--------------------------------------------------------------------------------
| Tangible assets                 | 187.7 |    170.6 |                |  176.1 |
--------------------------------------------------------------------------------
| Goodwill                        |  76.1 |     74.4 |                |   75.1 |
--------------------------------------------------------------------------------
| Other intangible assets         |   2.7 |      2.7 |                |    2.6 |
--------------------------------------------------------------------------------
| Investments                     |  11.4 |      9.8 |                |    9.7 |
--------------------------------------------------------------------------------
| Deferred tax asset              |  11.7 |      4.2 |                |    4.9 |
--------------------------------------------------------------------------------
| Other non-current receivables   |   7.6 |      7.9 |                |    3.7 |
--------------------------------------------------------------------------------
| Total                           | 297.1 |    269.6 |                |  272.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current assets                  |       |          |                |        |
--------------------------------------------------------------------------------
| Inventories                     | 488.3 |    307.1 |                |  330.9 |
--------------------------------------------------------------------------------
| Trade and other receivables     | 612.8 |    498.6 |                |  387.4 |
--------------------------------------------------------------------------------
| Cash funds                      |  94.2 |     60.1 |                |   78.5 |
--------------------------------------------------------------------------------
| Total                           | 1,195 |    865.8 |                |  796.9 |
|                                 |    .3 |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets, total                   | 1,492 |  1,135.3 |                | 1,069. |
|                                 |    .4 |          |                |      0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders' equity and        |       |          |                |        |
| liabilities                     |       |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity attributable to parent company   |          |                |        |
| shareholders                            |          |                |        |
--------------------------------------------------------------------------------
| Share capital                   |  34.0 |     34.0 |                |   34.0 |
--------------------------------------------------------------------------------
| Share premium account           |   5.8 |      5.8 |                |    5.8 |
--------------------------------------------------------------------------------
| Revaluation reserve             |   0.3 |      0.2 |                |    0.2 |
--------------------------------------------------------------------------------
| Translation differences         |  -0.7 |      0.3 |                |    0.1 |
--------------------------------------------------------------------------------
| Retained earnings               | 224.8 |    182.5 |                |  182.5 |
--------------------------------------------------------------------------------
| Profit/loss for the period      |  46.5 |     65.2 |                |   72.9 |
--------------------------------------------------------------------------------
| Shareholders' equity            |       |          |                |        |
--------------------------------------------------------------------------------
| before minority interest        | 310.8 |    288.0 |                |  295.5 |
--------------------------------------------------------------------------------
| Minority interest               |  25.0 |     19.9 |                |   23.7 |
--------------------------------------------------------------------------------
| Shareholders' equity, total     | 335.8 |    307.8 |                |  319.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current liabilities         |       |          |                |        |
--------------------------------------------------------------------------------
| Deferred tax liabilities        |  16.1 |     17.2 |                |   12.9 |
--------------------------------------------------------------------------------
| Pension liabilities             |   0.7 |      0.9 |                |    0.6 |
--------------------------------------------------------------------------------
| Provisions                      |   1.9 |      2.0 |                |    1.7 |
--------------------------------------------------------------------------------
| Interest-bearing liabilities    | 119.1 |    170.6 |                |  139.5 |
--------------------------------------------------------------------------------
| Other liabilities               |   1.2 |      1.9 |                |    1.9 |
--------------------------------------------------------------------------------
| Total                           | 139.0 |    192.5 |                |  156.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current liabilities             |       |          |                |        |
--------------------------------------------------------------------------------
| Accounts payable and other      | 492.9 |    389.1 |                |  369.2 |
| liabilities                     |       |          |                |        |
--------------------------------------------------------------------------------
| Provisions                      |   6.1 |      6.4 |                |    6.4 |
--------------------------------------------------------------------------------
| Interest-bearing liabilities    | 518.6 |    239.6 |                |  217.6 |
--------------------------------------------------------------------------------
| Total                           | 1,017 |    635.0 |                |  593.2 |
|                                 |    .6 |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders' equity            |       |          |                |        |
--------------------------------------------------------------------------------
| and liabilities, total          | 1,492 |  1,135.3 |                | 1,069. |
|                                 |    .4 |          |                |      0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 3) CONSOLIDATED CASH FLOW STATEMENT                                          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR million             |       | 09/20 |          09/2007 |        | 12/200 |
|                         |       |    08 |                  |        |      7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit before extraordinary     |  68.0 |             91.5 |        |  111.2 |
| items                           |       |                  |        |        |
--------------------------------------------------------------------------------
| Depreciation according to plan  |  27.7 |             26.1 |        |   34.2 |
--------------------------------------------------------------------------------
| Other adjustments               |  13.9 |              3.9 |        |    7.7 |
--------------------------------------------------------------------------------
| Cash flow before change         |       |                  |        |        |
--------------------------------------------------------------------------------
| in working capital              | 109.6 |            121.5 |        |  153.1 |
--------------------------------------------------------------------------------
| Change in working capital       | -238. |           -100.6 |        |  -32.9 |
|                                 |     3 |                  |        |        |
--------------------------------------------------------------------------------
| Financial items                 | -20.6 |            -11.7 |        |  -17.9 |
--------------------------------------------------------------------------------
| Direct taxes paid               | -38.9 |            -18.2 |        |  -22.6 |
--------------------------------------------------------------------------------
| Cash flow from operating        | -188. |             -9.0 |        |   79.6 |
| activities                      |     1 |                  |        |        |
--------------------------------------------------------------------------------
| Cash flow provided by investing |   9.5 |             23.4 |        |   24.3 |
| activities                      |       |                  |        |        |
--------------------------------------------------------------------------------
| Cash flow used in investing     | -40.4 |            -43.1 |        |  -53.8 |
| activities                      |       |                  |        |        |
--------------------------------------------------------------------------------
| Change in non-current           |  -2.8 |             -6.0 |        |   -1.4 |
| receivables                     |       |                  |        |        |
--------------------------------------------------------------------------------
| Drawings of loans               | 1,757 |            220.2 |        |  329.3 |
|                                 |    .8 |                  |        |        |
--------------------------------------------------------------------------------
| Repayments of loans             | -1,48 |           -158.7 |        | -332.5 |
|                                 |   7.6 |                  |        |        |
--------------------------------------------------------------------------------
| Dividends paid                  | -32.6 |            -27.4 |        |  -27.4 |
--------------------------------------------------------------------------------
| Cash flow from financing        | 234.7 |             28.1 |        |  -32.0 |
| activities                      |       |                  |        |        |
--------------------------------------------------------------------------------
| Change in cash funds            |  15.7 |             -0.6 |        |   18.1 |
--------------------------------------------------------------------------------
| Cash funds at beginning of      |  78.5 |             60.6 |        |   60.6 |
| period                          |       |                  |        |        |
--------------------------------------------------------------------------------
| Translation difference of cash  |  -0.1 |              0.1 |        |   -0.2 |
| funds                           |       |                  |        |        |
--------------------------------------------------------------------------------
| Cash funds at end of period     |  94.2 |             60.1 |        |   78.5 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 4) CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY                 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|           |      |      |       |       |          |                | Share- |
--------------------------------------------------------------------------------
|           |      | Shar | Trans | Reval |          |                | holder |
|           |      |    e |     - |    u- |          |                |     s' |
--------------------------------------------------------------------------------
|           | Shar | prem | latio | ation | Retained |       Minority | equity |
|           |    e |  ium |     n |       |          |                |      , |
--------------------------------------------------------------------------------
| EUR       | capi | acco | diffe | reser | earnings |       interest |  total |
| million   |  tal |  unt | rence |    ve |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sharehold |      |      |       |       |          |                |        |
| ers'      |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| equity    |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 1.1.2007  | 34.0 |  5.8 |   0.1 |   0.1 |    208.0 |           19.7 |  267.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Translation      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| difference       |      |   0.9 |       |          |                |    0.9 |
--------------------------------------------------------------------------------
| Hedging of net   |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| investment in    |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| foreign          |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| subsidiary       |      |  -0.7 |       |          |                |   -0.7 |
--------------------------------------------------------------------------------
| Cash flow        |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| hedges           |      |       |   0.1 |          |                |    0.1 |
--------------------------------------------------------------------------------
| Change in        |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| fair value       |      |       |   0.0 |          |                |    0.0 |
--------------------------------------------------------------------------------
| Reversal  |      |      |       |       |          |                |        |
| of        |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| dividend  |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| liability |      |      |       |       |      0.0 |                |    0.0 |
--------------------------------------------------------------------------------
| Dividend  |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| distribut |      |      |       |       |    -25.5 |           -1.8 |  -25.5 |
| ion       |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| Profit/lo |      |      |       |       |          |                |        |
| ss for    |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| the       |      |      |       |       |          |                |        |
| accountin |      |      |       |       |          |                |        |
| g         |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| period    |      |      |       |       |     65.2 |            5.0 |   70.2 |
--------------------------------------------------------------------------------
| Change in |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| minority  |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| interest  |      |      |       |       |          |           -3.0 |   -3.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sharehold |      |      |       |       |          |                |        |
| ers'      |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| equity,   |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| 30.9.2007 | 34.0 |  5.8 |   0.3 |   0.2 |    247.7 |           19.9 |  307.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|           |      |      |       |       |          |                | Share- |
--------------------------------------------------------------------------------
|           |      | Shar | Trans | Reval |          |                | holder |
|           |      |    e |     - |    u- |          |                |     s' |
--------------------------------------------------------------------------------
|           | Shar | prem | latio | ation | Retained |       Minority | equity |
|           |    e |  ium |     n |       |          |                |      , |
--------------------------------------------------------------------------------
| EUR       | capi | acco | diffe | reser | earnings |       interest |  total |
| million   |  tal |  unt | rence |    ve |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sharehold |      |      |       |       |          |                |        |
| ers'      |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| equity,   |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| 1.1.2007  | 34.0 |  5.8 |   0.1 |   0.1 |    208.0 |           19.7 |  267.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Translation      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| difference       |      |   0.4 |       |          |                |    0.4 |
--------------------------------------------------------------------------------
| Hedging of net   |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| investment in    |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| foreign          |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| subsidiary       |      |  -0.4 |       |          |                |   -0.4 |
--------------------------------------------------------------------------------
| Cash flow |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| hedges    |      |      |       |   0.2 |          |                |    0.2 |
--------------------------------------------------------------------------------
| Change in        |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| fair value       |      |       |   0.0 |          |                |    0.0 |
--------------------------------------------------------------------------------
| Effect of        |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| sold shares      |      |       |  -0.1 |          |                |   -0.1 |
--------------------------------------------------------------------------------
| Reversal of      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| dividend         |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| liability        |      |       |       |      0.0 |                |    0.0 |
--------------------------------------------------------------------------------
| Dividend         |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| distribution     |      |       |       |    -25.5 |           -1.9 |  -27.4 |
--------------------------------------------------------------------------------
| Profit/loss for  |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| the accounting   |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| period           |      |       |       |     72.9 |            7.6 |   80.6 |
--------------------------------------------------------------------------------
| Change in        |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| minority         |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| interest         |      |       |       |          |           -1.7 |   -1.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders'    |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| equity    |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| 31.12.200 | 34.0 |  5.8 |   0.1 |   0.2 |    255.4 |           23.7 |  319.2 |
| 7         |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|           |      |      |       |       |          |                | Share- |
--------------------------------------------------------------------------------
|           |      | Shar | Trans | Reval |          |                | holder |
|           |      |    e |     - |    u- |          |                |     s' |
--------------------------------------------------------------------------------
|           | Shar | prem | latio | ation | Retained |       Minority | equity |
|           |    e |  ium |     n |       |          |                |      , |
--------------------------------------------------------------------------------
| EUR       | capi | acco | diffe | reser | earnings |       interest |  total |
| million   |  tal |  unt | rence |    ve |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sharehold |      |      |       |       |          |                |        |
| ers'      |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| equity,   |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| 1.1.2008  | 34.0 |  5.8 |   0.1 |   0.2 |    255.4 |           23.7 |  319.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Translation      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| differences      |      |  -1.4 |       |          |                |   -1.4 |
--------------------------------------------------------------------------------
| Hedging of net   |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| investment in    |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| foreign          |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| subsidiary       |      |   0.7 |       |          |                |    0.7 |
--------------------------------------------------------------------------------
| Cash flow |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| hedges    |      |      |       |   0.1 |          |                |    0.1 |
--------------------------------------------------------------------------------
| Effect of        |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| sold shares      |      |       |   0.0 |          |                |    0.0 |
--------------------------------------------------------------------------------
| Reversal of      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| dividend         |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| liability        |      |       |       |      0.0 |                |    0.0 |
--------------------------------------------------------------------------------
| Dividend         |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| distribution     |      |       |       |    -30.6 |           -2.0 |  -32.6 |
--------------------------------------------------------------------------------
| Profit/loss for  |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| the accounting   |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| period           |      |       |       |     46.5 |            4.2 |   50.7 |
--------------------------------------------------------------------------------
| Change in        |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| minority         |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| interest         |      |       |       |          |           -0.9 |   -0.9 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sharehold |      |      |       |       |          |                |        |
| ers'      |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| equity    |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| 30.9.2008 | 34.0 |  5.8 |  -0.7 |   0.3 |    271.4 |           25.0 |  335.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 5) CONSOLIDATED INCOME STATEMENT, QUARTERLY                                  |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|           | 1-3/ | 4-6/ |  7-9/ | 10-12 |     1-3/ |           4-6/ |   7-9/ |
|           |      |      |       |     / |          |                |        |
--------------------------------------------------------------------------------
| EUR       | 2007 | 2007 |  2007 |  2007 |     2008 |           2008 |   2008 |
| million   |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales | 328. | 551. | 655.7 | 638.5 |    444.9 |          645.9 |  648.5 |
|           |    0 |    9 |       |       |          |                |        |
--------------------------------------------------------------------------------
| Other     |      |      |       |       |          |                |        |
| operating |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| income    |      |      |       |       |          |                |        |
| and       |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| expenses  | -322 | -498 | -585. | -607. |   -445.3 |         -599.4 | -582.5 |
|           |   .8 |   .0 |     8 |     0 |          |                |        |
--------------------------------------------------------------------------------
| Depreciat |  4.9 |  9.0 |  12.3 |   8.1 |      4.9 |            9.3 |   13.5 |
| ion       |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| Share of  |      |      |       |       |          |                |        |
| the       |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| results   |      |      |       |       |          |                |        |
| of        |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| affiliate |      |      |       |       |          |                |        |
| d         |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| companies | -0.1 |  0.1 |   0.7 |   0.3 |     -0.2 |            0.4 |    1.1 |
--------------------------------------------------------------------------------
| Operating |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| profit/lo |  0.2 | 45.1 |  58.3 |  23.6 |     -5.5 |           37.6 |   53.6 |
| ss        |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| Financial |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| expenses  |  4.1 |  5.1 |   6.3 |   6.7 |      7.8 |            9.8 |    5.2 |
--------------------------------------------------------------------------------
| Financial |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| income    |  1.0 |  1.9 |   0.6 |   2.7 |      1.7 |            3.3 |    0.2 |
--------------------------------------------------------------------------------
| Profit/lo |      |      |       |       |          |                |        |
| ss        |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| before    | -3.0 | 41.9 |  52.6 |  19.6 |    -11.6 |           31.0 |   48.6 |
| taxes     |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| Income    |  1.1 | -10. | -12.3 |  -9.2 |      2.2 |           -7.6 |  -11.8 |
| taxes     |      |    2 |       |       |          |                |        |
--------------------------------------------------------------------------------
| Profit/lo |      |      |       |       |          |                |        |
| ss for    |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| the       |      |      |       |       |          |                |        |
| accountin |      |      |       |       |          |                |        |
| g         |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| period    | -1.8 | 31.7 |  40.3 |  10.4 |     -9.4 |           23.4 |   36.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Distribution of the profit/loss for the |          |                |        |
| accounting period                       |          |                |        |
--------------------------------------------------------------------------------
| To parent |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| company   |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| sharehold | -3.7 | 30.2 |  38.7 |   7.8 |    -10.0 |           22.1 |   34.5 |
| ers       |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| To        |      |      |       |       |          |                |        |
| minority  |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| interests |  1.9 |  1.5 |   1.6 |   2.6 |      0.6 |            1.4 |    2.3 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EPS calculated from profit attributable to parent company shareholders       |
--------------------------------------------------------------------------------
| Earnings per share, diluted and undiluted                                    |
--------------------------------------------------------------------------------
| EUR       | -0.2 | 1.77 |  2.27 |  0.46 |    -0.59 |           1.30 |   2.03 |
|           |    2 |      |       |       |          |                |        |
--------------------------------------------------------------------------------
|           |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 6) NET SALES BY BUSINESS SECTOR                                              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR million      |      | 09/20 | 09/20 |   Change |       Change,  | 12/200 |
|                  |      |    08 |    07 |          |                |      7 |
--------------------------------------------------------------------------------
|                  |      |       |       |          |              % |        |
--------------------------------------------------------------------------------
| Building construction   | 779.2 | 710.3 |     68.9 |            9.7 | 1,042. |
|                         |       |       |          |                |      9 |
--------------------------------------------------------------------------------
| Infrastructure          | 683.8 | 603.1 |     80.7 |           13.4 |  820.3 |
| construction            |       |       |          |                |        |
--------------------------------------------------------------------------------
| Technical building      | 193.2 | 161.9 |     31.3 |           19.3 |  230.2 |
| services                |       |       |          |                |        |
--------------------------------------------------------------------------------
| Building products       | 121.8 |  99.2 |     22.6 |           22.8 |  133.8 |
--------------------------------------------------------------------------------
| Others                  | -38.7 | -38.9 |      0.2 |            0.5 |  -53.0 |
--------------------------------------------------------------------------------
| Group, total            | 1,739 | 1,535 |    203.7 |           13.3 | 2,174. |
|                         |    .3 |    .6 |          |                |      1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 7) NET SALES BY BUSINESS SECTOR, QUARTERLY                                   |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|           | 1-3/ | 4-6/ |  7-9/ | 10-12 |     1-3/ |           4-6/ |   7-9/ |
|           |      |      |       |     / |          |                |        |
--------------------------------------------------------------------------------
| EUR       | 2007 | 2007 |  2007 |  2007 |     2008 |           2008 |   2008 |
| million   |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building  |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| construct | 192. | 250. | 268.0 | 332.6 |    276.6 |          295.3 |  207.3 |
| ion       |    0 |    3 |       |       |          |                |        |
--------------------------------------------------------------------------------
| Infrastru |      |      |       |       |          |                |        |
| cture     |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| construct | 81.4 | 220. | 301.7 | 217.2 |     95.5 |          250.5 |  337.8 |
| ion       |      |    0 |       |       |          |                |        |
--------------------------------------------------------------------------------
| Technical |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| building  |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| services  | 46.2 | 57.2 |  58.5 |  68.3 |     56.5 |           68.0 |   68.7 |
--------------------------------------------------------------------------------
| Building  |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| products  | 18.5 | 39.5 |  41.2 |  34.5 |     25.0 |           45.8 |   51.0 |
--------------------------------------------------------------------------------
| Others    | -10. | -15. | -13.6 | -14.1 |     -8.6 |          -13.7 |  -16.3 |
|           |    1 |    2 |       |       |          |                |        |
--------------------------------------------------------------------------------
| Group,    | 328. | 551. | 655.7 | 638.5 |    444.9 |          645.9 |  648.5 |
| total     |    0 |    9 |       |       |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 8) OPERATING PROFIT/LOSS BY BUSINESS SECTOR                                  |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR million      |      | 09/20 | 09/20 |   Change |       Change,  | 12/200 |
|                  |      |    08 |    07 |          |                |      7 |
--------------------------------------------------------------------------------
|                  |      |       |       |          |              % |        |
--------------------------------------------------------------------------------
| Building construction   |  35.8 |  45.9 |    -10.1 |          -22.0 |   71.7 |
--------------------------------------------------------------------------------
| Infrastructure          |  31.5 |  44.9 |    -13.4 |          -29.8 |   39.3 |
| construction            |       |       |          |                |        |
--------------------------------------------------------------------------------
| Technical building      |  14.0 |   8.1 |      5.9 |           72.8 |   11.9 |
| services                |       |       |          |                |        |
--------------------------------------------------------------------------------
| Building products       |   9.6 |   9.0 |      0.6 |            6.7 |   11.1 |
--------------------------------------------------------------------------------
| Others                  |  -5.3 |  -4.3 |     -1.0 |           23.3 |   -6.7 |
--------------------------------------------------------------------------------
| Group, total            |  85.7 | 103.6 |    -17.9 |          -17.3 |  127.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 9) OPERATING PROFIT/LOSS BY BUSINESS SECTOR, QUARTERLY                       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|           | 1-3/ | 4-6/ |  7-9/ | 10-12 |     1-3/ |           4-6/ |   7-9/ |
|           |      |      |       |     / |          |                |        |
--------------------------------------------------------------------------------
| EUR       | 2007 | 2007 |  2007 |  2007 |     2008 |           2008 |   2008 |
| million   |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building  |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| construct | 14.6 | 17.0 |  14.3 |  25.8 |     10.1 |           11.3 |   14.4 |
| ion       |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| Infrastru |      |      |       |       |          |                |        |
| cture     |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| construct | -12. | 20.8 |  36.7 |  -5.5 |    -14.9 |           19.2 |   27.2 |
| ion       |    7 |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| Technical |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| building  |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| services  |  1.3 |  3.3 |   3.5 |   3.8 |      2.2 |            5.9 |    5.9 |
--------------------------------------------------------------------------------
| Building  |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
| products  | -1.3 |  4.7 |   5.6 |   2.0 |     -1.5 |            4.9 |    6.2 |
--------------------------------------------------------------------------------
| Others    | -1.8 | -0.8 |  -1.7 |  -2.4 |     -1.3 |           -3.7 |   -0.2 |
--------------------------------------------------------------------------------
| Group,    |  0.2 | 45.1 |  58.3 |  23.6 |     -5.5 |           37.6 |   53.6 |
| total     |      |      |       |       |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 10) ECONOMIC TRENDS AND FINANCIAL INDICATORS                                 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|                                 | 09/20 |  09/2007 |                | 12/200 |
|                                 |    08 |          |                |      7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Return on equity, %             |  15.5 |     24.4 |                |   27.5 |
--------------------------------------------------------------------------------
| Return on investment, %         |  11.0 |     16.1 |                |   20.7 |
--------------------------------------------------------------------------------
| Operating profit/loss, % of net |   4.9 |      6.7 |                |    5.9 |
| sales                           |       |          |                |        |
--------------------------------------------------------------------------------
| Equity ratio, %                 |  24.4 |     29.5 |                |   32.7 |
--------------------------------------------------------------------------------
| Gearing, %                      | 161.8 |    113.7 |                |   87.2 |
--------------------------------------------------------------------------------
| Interest-bearing net debt, EUR  | 543.4 |    350.1 |                |  278.5 |
| million                         |       |          |                |        |
--------------------------------------------------------------------------------
| Gross investments, EUR million  |       |          |                |        |
--------------------------------------------------------------------------------
| (incl. leasing purchases)       |  49.2 |     45.6 |                |   61.4 |
--------------------------------------------------------------------------------
| Order book, EUR mill.           | 1,341 |  1,524.3 |                | 1,414. |
|                                 |    .4 |          |                |      1 |
--------------------------------------------------------------------------------
| - of which foreign orders, EUR  | 378.5 |    365.0 |                |  284.0 |
| mill.                           |       |          |                |        |
--------------------------------------------------------------------------------
| Average number of employees     | 9,848 |    9,170 |                |  9,201 |
--------------------------------------------------------------------------------
| Employees at end of period      | 10,34 |    9,810 |                |  8,718 |
|                                 |     2 |          |                |        |
--------------------------------------------------------------------------------
| Net sales, EUR mill.            | 1,739 |  1,535.6 |                | 2,174. |
|                                 |    .3 |          |                |      1 |
--------------------------------------------------------------------------------
| - of which operations abroad,   | 485.2 |    411.1 |                |  581.6 |
| EUR mill.                       |       |          |                |        |
--------------------------------------------------------------------------------
| % of net sales                  |  27.9 |     26.8 |                |   26.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 11) SHARE-SPECIFIC INDICATORS   | 09/20 |  09/2007 |                | 12/200 |
|                                 |    08 |          |                |      7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share, EUR         |  2.73 |     3.83 |                |   4.29 |
--------------------------------------------------------------------------------
| Equity per share, EUR           | 18.26 |    16.92 |                |  17.36 |
--------------------------------------------------------------------------------
| Dividend per share, EUR         |       |          |                |   1.80 |
--------------------------------------------------------------------------------
| Dividend to earnings ratio, %   |       |          |                |   42.0 |
--------------------------------------------------------------------------------
| Market capitalisation, EUR      | 320.0 |    850.2 |                |  536.2 |
| mill.                           |       |          |                |        |
--------------------------------------------------------------------------------
| Share price at end of period,   | 18.80 |    49.95 |                |  31.50 |
| EUR                             |       |          |                |        |
--------------------------------------------------------------------------------
| Trading volume during period, 1 | 2,667 |    4,052 |                |  5,204 |
| 000 shares                      |       |          |                |        |
--------------------------------------------------------------------------------
| Number of issued shares, 1 000  | 17,02 |   17,021 |                | 17,021 |
| shares                          |     1 |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 12) GUARANTEES AND CONTINGENT LIABILITIES                                    |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR million                     | 09/20 |  09/2007 |                | 12/200 |
|                                 |    08 |          |                |      7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Securities for own commitments  |       |          |                |        |
--------------------------------------------------------------------------------
| Property mortgages              |   2.7 |      1.6 |                |    3.1 |
--------------------------------------------------------------------------------
| Business mortgages              |  94.9 |     95.3 |                |   95.3 |
--------------------------------------------------------------------------------
| Bonds pledged as security       |   1.0 |      0.8 |                |    0.8 |
--------------------------------------------------------------------------------
| Total                           |  98.6 |     97.8 |                |   99.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Guarantees                      |       |          |                |        |
--------------------------------------------------------------------------------
| On behalf of affiliated         |   1.0 |      0.8 |                |        |
| companies                       |       |          |                |        |
--------------------------------------------------------------------------------
| On behalf of others             |   9.2 |      2.8 |                |    9.9 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Minimum lease payments of irrevocable lease agreements                       |
--------------------------------------------------------------------------------
| One year or less                |  18.1 |      5.5 |                |    5.7 |
--------------------------------------------------------------------------------
| One to five years               |  48.5 |     17.9 |                |   20.8 |
--------------------------------------------------------------------------------
| Over five years                 |  21.4 |     20.6 |                |   20.2 |
--------------------------------------------------------------------------------
| Total                           |  88.0 |     44.0 |                |   46.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Purchase commitments of         |  13.8 |      7.8 |                |   11.3 |
| investments                     |       |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Derivative contracts            |       |          |                |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Forward foreign exchange        |       |          |                |        |
| contracts                       |       |          |                |        |
--------------------------------------------------------------------------------
| Nominal value                   |  84.8 |     42.9 |                |   54.6 |
--------------------------------------------------------------------------------
| Fair value                      |   0.6 |     -0.1 |                |   -0.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest rate options, calls    |       |          |                |        |
| purchased                       |       |          |                |        |
--------------------------------------------------------------------------------
| Nominal value                   |   2.5 |     33.9 |                |    3.5 |
--------------------------------------------------------------------------------
| Fair value                      |   0.0 |      0.0 |                |    0.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest rate options, puts     |       |          |                |        |
| written                         |       |          |                |        |
--------------------------------------------------------------------------------
| Nominal value                   |   2.5 |      4.5 |                |    3.5 |
--------------------------------------------------------------------------------
| Fair value                      |   0.0 |     -0.5 |                |    0.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest rate swap contracts    |       |          |                |        |
--------------------------------------------------------------------------------
| Nominal value                   |  77.6 |     97.9 |                |   95.6 |
--------------------------------------------------------------------------------
| Fair value                      |   0.3 |     -0.3 |                |   -0.5 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| The fair value of contracts is the gain or loss arising from        |        |
| closure                                                             |        |
--------------------------------------------------------------------------------
| of the contract based on the market price on the accounting date.   |        |
--------------------------------------------------------------------------------

13) LITIGATION                                                                  

The arbitral tribunal decided that IKEA's termination in spring 2006 of the     
construction contract for the MEGA shopping centre in St. Petersburg was not    
justified. The arbitral tribunal will decide on the amount of compensation at a 
later date.                                                                     

The Market Court ordered Lemminkäinen to pay an infringement fine of EUR 14     
million for contravening competition law in connection with its asphalt paving  
operations in Finland. The infringement fine was recognised as an expense in the
fourth quarter of 2007. The decision has been appealed to the Supreme           
Administrative Court, so the total amount of the fine may change.               

Lemminkäinen has been informed of an application for a summons in which the     
Finnish Road Administration is demanding compensatory damages from different    
asphalt companies before the Helsinki District Court. Lemminkäinen's share of   
the claimed compensation is at most EUR 10.5 million. The Finnish Road          
Administration is also seeking damages of at most EUR 5.6 million from          
Lemminkäinen, under joint and several liability with other defendant companies.