Lemminkäinen renewed its strategy and defines its dividend distribution policy

LEMMINKÄINEN CORPORATION	STOCK EXCHANGE RELEASE 5.11.2008, 9:03

LEMMINKÄINEN RENEWED ITS STRATEGY AND DEFINED ITS DIVIDEND DISTRIBUTION POLICY

Lemminkäinen Corporation's Board of Directors has approved the corporation's
strategy for the period 2010-2013. The main financial targets are profitable
growth and strengthening the Group's solvency. Focus areas are renovation
construction, technical building services, Russian residential construction and
Nordic infrastructure construction. The Group structure will be simplified and
the brand harmonised with the aim of creating one Lemminkäinen. The objective
is for at least 40% of the result for the financial year to be distributed as
dividends. 

Financial targets 10% growth in net sales, 18% return on investment and 35%
equity ratio 

Lemminkäinen's strategy's key financial targets are profitable growth and
strengthening the Group's solvency. The company's profitability target is a
return on investment in excess of 18% and its solvency target is an equity
ratio in excess of 35%. Lemminkäinen is aiming for an average 10% growth in net
sales for the strategy period 2010 to 2013. 

Dividend distribution target 40%

According to the new dividend distribution policy, the company aims for a
stable distribution of dividends in which at least 40% of the result for the
financial year belonging to the parent company's owners is distributed as
dividends. 

The amount of dividends may, however, be affected by investment needs targeted
at company growth or other financing needs. 
 
President and CEO Timo Kohtamäki:

"In this challenging market situation we have identified growth areas in which
we have already proven our expertise and know-how. 

“The Russian residential market is continuing its growth in the near future. We
have plenty of expertise in Russia and we wish to make use of this growth in
our business operations. Infrastructure construction, on the other hand, is a
steady industry compensating for the effects of business cycles for the entire
Group. This is also a strength in the present situation as the Nordic Countries
are directing their recovery measures into infrastructure construction. In
addition, the Nordic Countries are investing significantly in infrastructure
development in the near future. 

“In Finland we will see the volume of renovation construction exceeding the
volume of new construction within the next few years. Also various life cycle
solutions are on the increase. As an experienced renovation builder, it is
natural for us to combine the Group's resources and look for new service models
for this business. The growth of building services and related maintenance
business is made possible by intelligent solutions, increasing incorporation of
technology and tightening of regulations, e.g. in terms of energy efficiency. 

“Through the strategy update we are aiming for clear change leading to more
consistent operating models and a simpler organisational structure. Harmonising
operations aims at internal efficiency and making doing business with
Lemminkäinen easier than ever before. As evidence of the change are the new
brand ‘One Lemminkäinen' and visual look which communicate renewal and moving
forward," states Timo Kohtamäki, President and CEO for Lemminkäinen. 

Take a look at Lemminkäinen´s new look at company´s website:
www.lemminkainen.com/media/image_gallery 

Press conference

Lemminkäinen is organising a presentation for analysts and the media today on 5
November 2009 at 10 a.m. Finnish time concerning the corporation's third
quarter interim report and new strategy. The event will be held at
Lemminkäinen's new head office in Salmisaari, Salmisaarenaukio 2, 00180
Helsinki. Participants are kindly asked to register with Investor Relations
Officer Merja Paulamäki, tel. +358 2071 53367. 


LEMMINKÄINEN CORPORATION
Corporate Communications

ADDITIONAL INFORMATION: 
President and CEO Timo Kohtamäki		
Lemminkäinen Corporation 
Tel. +358 2071 53263

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

Lemminkäinen Group operates in all areas of the construction sector. The
Group's business sectors are building construction, infrastructure
construction, technical building services, and building products. Net sales in
2008 were approx. EUR 2.5 billion, of which international operations accounted
for over a quarter. The Group employs about 9,800 people. Lemminkäinen
Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com