Lemminkäinen´s Interim Financial Review 1-9/2009: The business result for the third quarter was good, especially in infrastructure construction

LEMMINKÄINEN OYJ	INTERIM FINANCIAL REVIEW 5.11.2009, 9:00                       

LEMMINKÄINEN'S INTERIM FINANCIAL REVIEW 1.1. - 30.9.2009: The business result   
for the third quarter was good, especially in infrastructure construction       


Summary for January-September 2009 (comparative figures 1-9/2008):              

- Net sales fell 17 % to EUR 1,444.8 million (1,739.3)                          
- Operations abroad accounted for 28 % or EUR 402.4 million (485.2) of net      
sales.                                                                          
- The operating profit was EUR 11.0 million (85.7). The operating margin        
(operating profit / net sales) was 0.8 % (2.9). The operating profit was        
impaired by a EUR 54 million charge stemming from the competition infringement  
fine imposed by the Supreme Administrative Court. Excluding the charge, the     
operating profit would have been EUR 65 million and the operating margin 4.5 %. 
- The result before taxes was EUR +14.4 million (2.73)                          
- Earnings per share were EUR -1.52 (2.73)                                      
- Cash flow from operating activities was EUR -3.5 million (-188.1)             
- The equity ratio was 24.6 % (24.4) and gearing 130.2 % (161.8)                
- The order book at the end of the review period was down by a quarter at EUR   
1,002.7 million (1,341.4)                                                       
- Operations abroad accounted for 28 % or EUR 277.5 million (378.5) of the order
book                                                                            

Summary for July-September 2009 (comparative figures 7-9/2008):                 

- Net sales were EUR 563.2 million (648.5)                                      
- The operating profit was EUR -10.5 million (53.6) and the operating margin    
(operating profit / net sales) was 1.9 % (8.3)                                  
- The result before taxes was EUR -16.8 million (48.6)                          
- Earnings per share were EUR -1.44 (2.03)                                      
- Cash flow from operating activities was EUR 67.1 million (-13.5)              


July-September 2009 by business sector:                                         

In the building construction sector, housing sales totalled 252 units (Q2/09:   
171) in Finland and 31 units (Q2/09: 28) in Russia. Lemminkäinen resumed its own
housing production due to the pick-up in the housing market. In addition to     
this, rental housing construction continued to be brisk. No significant         
commercial property deals occurred during the third quarter.                    

In the infrastructure construction sector, the paving season was busier than    
expected both in Finland and in other Nordic countries. The volume of business  
in the third quarter was unchanged from the level of the previous year, and the 
operating profit was 14% up on Q3 2008.                                         

In the technical building service sector, net sales and profitability developed 
better than expected, and the order book has started to grow cautiously in spite
of intensified competition.                                                     

In the building products sector, the summer was busier than expected for roofing
contracting, and the share of urban environment construction has remained at the
previous year's level. The pick-up in housing construction has also boosted     
demand for pre-cast concrete elements.                                          

President & CEO Timo Kohtamäki:                                                 

”The third quarter of the year is customarily Lemminkäinen's strongest, and     
despite the recession, it was again this year from the standpoint of business   
performance. The briskness of the paving business both in Finland and in other  
Nordic countries even exceeded expectations. The pick-up in housing sales       
signals a positive turning point in residential construction. We have already   
given the green light for starts to be made on 314 housing units in our own     
housing developments. A particularly positive aspect of the third quarter was   
the cash flow from operating activities, which was about EUR 80 million up on   
the same period last year.                                                      

On 29 September 2009 the Supreme Administrative Court ordered a number of       
Finnish asphalt industry companies to pay an infringement fine of EUR 82.55     
million, of which Lemminkäinen's share is EUR 68 million. The infringement fine 
was a severe blow to Lemminkäinen, and it has a significant bearing on the      
result for the review period. The Company's business has developed favourably   
considering the depressed state of the economy, and we will cope with the burden
of paying this fine.  We believe that our customers will continue to show       
confidence in the quality of our expertise and actions going forward.           

The outlook for Lemminkäinen over the remainder of the year is satisfactory,    
despite the fact that business conditions in the fourth quarter will be         
challenging and adjustment measures will have to be continued in all business   
sectors.                                                                        

Lemminkäinen has adjusted its strategy to meet the challenges of the future, and
new business plans have been drawn up for the next four years. We will be       
providing further information on these plans in a separate bulletin today.”     


Outlook for 2009                                                                

Lemminkäinen reiterates its earlier guidance, according to which the Group's    
full-year net sales will fall well short of the 2008 level. As a consequence of 
the infringement fine imposed by the Supreme Administrative Court, the Company's
result for the 2009 accounting period will be clearly negative.                 


Briefing                                                                        

A Finnish-language briefing for analysts and the media will be held at 10.00    
a.m. on Thursday, 5 November at Lemminkäinen's head office. The street address  
is Salmisaarenaukio 2, Helsinki, Finland. The interim financial review will be  
presented by President & CEO Timo Kohtamäki. Presentation material concerning   
the result for the review period will be made available on the Company's website
at www.lemminkainen.com                                                         


LEMMINKÄINEN CORPORATION                                                        
Corporate Communications                                                        


ADDITIONAL INFORMATION:                                                         
Timo Kohtamäki, President & CEO, tel. +358 2071 53263                           
Robert Öhman, CFO, tel. +358 2071 53515                                         
Merja Paulamäki, Investor Relations, tel. +358 2071 53367                       


APPENDICES:                                                                     
Interim Financial Review 1.1. - 30.9.2009                                       
Tabulated Section of the Interim Financial Review                               


DISTRIBUTION:                                                                   
OMX Nordic Exchange Helsinki                                                    
Key media                                                                       
www.lemminkainen.com                                                            



INTERIM FINANCIAL REVIEW 1.1. - 30.9.2009                                       


OPERATING ENVIRONMENT                                                           

Operations in Finland                                                           

The volume of construction is expected to contract by 12 % in 2009. The         
contraction is most evident in the number of new building starts, which is      
indicative of a further decline in volume.                                      

The emphasis in residential construction has shifted to rental housing          
production. Sales of housing units have picked up significantly since the end of
last year, and the volume of Lemminkäinen's own housing production has started  
to rise cautiously. Altogether 20,000 housing starts are expected to be made in 
Finland this year, half of which will be state-subsidised housing production.   
Next year the number of housing starts is expected to rise to 23,000 units      
(Source: Confederation of Finnish Construction Industries, RT).                 

In the non-residential construction sector, demand for commercial and logistics 
construction has held up at a reasonable level, but the construction of office  
and industrial buildings has declined substantially during 2009. Finnish real   
estate investors have continued to invest in properties all over Finland        
(Source: Confederation of Finnish Construction Industries, RT).                 

The volume of infrastructure construction is expected to decline by 2 % in 2009,
and to remain at that level throughout the following year (Source: Confederation
of Finnish Construction Industries, RT).                                        
Furthermore, the order books of infra contractors will be impacted by           
significantly reduced demand for foundation engineering works on the building   
construction side of the sector.                                                

The emphasis in technical building services has shifted to refurbishment        
contracting, partly as a result of government grants for building repair and    
renovation. Demand for the servicing and maintenance of technical building      
systems has remained stable. Refurbishment contracting is expected to grow only 
slightly this year. The duration of the government's building repair assistance 
scheme for housing companies was extended, and refurbishment contracting is     
expected to grow by about 2 % next year (Source: Confederation of Finnish       
Construction Industries, RT).                                                   

Competition in all construction sectors continues to be fierce.                 


Operations abroad                                                               

In Scandinavia, government stimulus measures have kept the market situation at a
reasonable level. In Norway and Denmark, demand for paving works has been good. 
In Sweden, new rock and geotechnical engineering projects are still pending.    

The construction market in the Baltic states continues to be challenging,       
especially in Latvia. Development of the road network in the Baltic states is   
continuing with EU funding.                                                     

In Russia, housing sales picked up towards the end of the review period, but    
economic uncertainty prevails, as it does in other European countries.          


NET SALES                                                                       

Lemminkäinen's net sales for the January-September period were down 17 % on last
year at EUR 1,444.8 million (1,739.3). Net sales fell in all of the Group's     
business sectors, with the biggest declines in building construction and        
building products. Lemminkäinen generated 72 % of its net sales in Finland, 17 %
in other Nordic countries, 4 % in Russia, and 7 % in other countries.           

--------------------------------------------------------------------------------
| Net sales by         | 7-9/200 | 7-9/2008 | 1-9/2009 | 1-9/2008 |  1-12/2008 |
| business sector,     |       9 |          |          |          |            |
| EUR million          |         |          |          |          |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building             |   174.7 |    207.8 |    606.8 |    780.5 | 1 207.5    |
| construction         |         |          |          |          |            |
--------------------------------------------------------------------------------
| Infrastructure       |   310.5 |    346.6 |    610.7 |    698.1 |      920.3 |
| construction         |         |          |          |          |            |
--------------------------------------------------------------------------------
| Technical building   |    52.6 |     68.8 |    168.6 |    193.4 |      269.9 |
| services             |         |          |          |          |            |
--------------------------------------------------------------------------------
| Building products    |    42.6 |     51.0 |     99.0 |    121.8 |      156.0 |
--------------------------------------------------------------------------------
| Other operations and |    -6.0 |    -16.4 |    -25.0 |    -38.7 |      -52.2 |
| Group eliminations   |         |          |          |          |            |
--------------------------------------------------------------------------------
| Business sectors,    |   574.5 |    657.8 |  1 460.1 |  1 775.1 |    2 501.5 |
| total                |         |          |          |          |            |
--------------------------------------------------------------------------------
| Unallocated Items    |   -11.3 |     -9.3 |    -15.2 |    -15.9 |      -19.7 |
--------------------------------------------------------------------------------
| Group total (IFRS),  |   563.2 |    648.5 |  1 444.8 |  1 739.3 |    2 481.8 |
| of which             |         |          |          |          |            |
--------------------------------------------------------------------------------
| Operations abroad    |   179.1 |    202.7 |    402.4 |    485.2 |      676.7 |
--------------------------------------------------------------------------------


OPERATING PROFIT                                                                

Lemminkäinen's operating profit for the January-September period was EUR 11.0   
million (85.7), which was considerably weaker than in the same period last year.
The operating profit was impaired especially by an infringement fine of EUR 68  
million imposed by the Supreme Administrative Court. EUR 54 million of this fine
was expensed in the third quarter of the year. The infringement fine of EUR 14  
million previously ordered by the Market Court was expensed in the fourth       
quarter of 2007. Excluding the effect of the infringement fine, operating profit
was down by about a quarter on the same period last year.                       

Lemminkäinen's operating loss in the July-September period was EUR 10.5 million,
compared with an operating profit of EUR 53.6 million in the third quarter of   
last year.                                                                      

--------------------------------------------------------------------------------
| Operating profit by  | 7-9/200 | 7-9/2008 | 1-9/2009 | 1-9/2008 |  1-12/2008 |
| business sector, EUR |       9 |          |          |          |            |
| million              |         |          |          |          |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building             |     0.5 |     14.6 |     21.6 |     34.1 |       69.7 |
| construction         |         |          |          |          |            |
--------------------------------------------------------------------------------
| Infrastructure       |    34.6 |     30.3 |     30.9 |     31.0 |       26.2 |
| construction         |         |          |          |          |            |
--------------------------------------------------------------------------------
| Technical building   |     3.8 |      5.4 |      9.0 |     12.7 |       16.3 |
| services             |         |          |          |          |            |
--------------------------------------------------------------------------------
| Building products    |     4.7 |      5.9 |      5.5 |      9.2 |       10.5 |
--------------------------------------------------------------------------------
| Other operations     |   -56.0 |     -1.3 |    -58.3 |     -3.2 |       -3.3 |
--------------------------------------------------------------------------------
| Business sectors,    |   -12.2 |     54.8 |      8.7 |     83.8 |      119.4 |
| total                |         |          |          |          |            |
--------------------------------------------------------------------------------
| Unallocated Items    |     1.7 |     -1.2 |      2.3 |      1.9 |        3.8 |
--------------------------------------------------------------------------------
| Group total (IFRS)   |   -10.5 |     53.6 |     11.0 |     85.7 |      123.2 |
--------------------------------------------------------------------------------
| Operating margin by  | 7-9/200 | 7-9/2008 | 1-9/2009 | 1-9/2008 |  1-12/2008 |
| business sector      |       9 |          |          |          |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building             |     0.3 |      7.0 |      3.6 |      4.4 |        5.8 |
| construction         |         |          |          |          |            |
--------------------------------------------------------------------------------
| Infrastructure       |    11.2 |      8.7 |      5.1 |      4.4 |        2.8 |
| construction         |         |          |          |          |            |
--------------------------------------------------------------------------------
| Technical building   |     7.3 |      7.8 |      5.3 |      6.5 |        6.1 |
| services             |         |          |          |          |            |
--------------------------------------------------------------------------------
| Building products    |    11.1 |     11.5 |      5.5 |      7.6 |        6.7 |
--------------------------------------------------------------------------------
| Group total (IFRS)   |    -1.9 |      8.3 |      0.8 |      4.9 |        5.0 |
--------------------------------------------------------------------------------


ORDER BOOK                                                                      

Lemminkäinen's order book at the end of September was EUR 1,002.7 million       
(1,341.4). Operations abroad accounted for 28 % (28) of the order book.         

--------------------------------------------------------------------------------
| Order book by business |  30.9.2009 |  30.9.2008 |   30.6.2009 |  31.12.2008 |
| sector, EUR million    |            |            |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building construction  |      489.4 |      747.9 |       533.2 |       576.3 |
--------------------------------------------------------------------------------
| Infrastructure         |      389.6 |      446.2 |       497.7 |       365.4 |
| construction           |            |            |             |             |
--------------------------------------------------------------------------------
| Technical building     |       90.3 |      109.5 |        84.0 |        97.7 |
| services               |            |            |             |             |
--------------------------------------------------------------------------------
| Building products      |       33.4 |       37.8 |        41.2 |        25.2 |
--------------------------------------------------------------------------------
| Group total (IFRS), of |    1 002.7 |    1 341.4 |     1 156.0 |     1 064.5 |
| which                  |            |            |             |             |
--------------------------------------------------------------------------------
| Operations abroad      |      277.5 |      378.5 |       352.9 |       263.1 |
--------------------------------------------------------------------------------


BALANCE SHEET, CASH FLOW AND FINANCING                                          

The consolidated balance sheet total at 30 September 2009 was EUR 1,305.0       
million (1,492.4). The return on investment was 3.1 % (11.0) and the equity     
ratio 24.6 % (24.4). Gearing was 130.2 % (161.8).                               

According to the cash flow statement, the cash flow from operating activities in
the January-September period was EUR -3.5 million (-188.1), the cash flow from  
investing activities EUR -15.2 million (-30.8) and the cash flow from financing 
activities EUR -108.4 million (234.7). The cash flow for the review period      
includes the payment of dividends totalling EUR 18.0 million (32.6) for the 2008
accounting period. In the July-September period the cash flow from operating    
activities was EUR 67.1 million (Q3/08: -13.5), the cash flow from investing    
activities EUR 1.1 million (Q3/08: -7.0) and the cash flow from financing       
activities EUR -58.1 million (Q3/08: 38.8).                                     

Net working capital in the review period was EUR 883.8 million (1,101.1) and net
working capital EUR 409.4 million (602.1). The amount of capital tied up in     
housing and non-residential construction in progress is down on the previous    
year, but it remains a significant item.                                        

Liquid funds at the end of the review period were EUR 121.1 million (94.2).     

The amount of interest-bearing debt at the end of the review period was EUR     
508.6 million (637.6), of which EUR 450.2 million was short-term debt and EUR   
58.4 million long-term debt. Interest-bearing net debt was EUR 387.5 million    
(543.4). Net financing expenses were EUR 25.4 million (17.6), representing 1.8 %
(1.0) of net sales. Financing expenses were increased by wider loan margins as  
well as foreign exchange rate movements and currency hedging costs in Russia and
the Baltic states.                                                              

Lemminkäinen's interest-bearing debt comprised loans from financial institutions
42 %, commercial paper 10 %, project loans related to own housing production and
non-residential construction 16 %, TyEL loans 18 %, finance leasing liabilities 
11 % and other debts 3 %.                                                       

EUR 54 million of  the EUR 68 million fine imposed by the Supreme Administrative
Court was recognised on the income statement under “Other operating expenses” in
the review period. The recognition of this expense resulted in a loan covenant  
concerning the ratio of net debt to EBITDA being breached. Consequently,        
Lemminkäinen's overall debt position was restructured in accordance with IFRS   
standards so that the emphasis was shifted from short-term to long-term         
liabilities.                                                                    

As a consequence the covenant breach, Lemminkäinen has entered into negotiations
with its banking consortium concerning new covenant limits. The Company expects 
that an agreement on new covenant limits will soon be reached.                  

The EUR 150 million line of credit made available to Lemminkäinen as part of the
financing arrangements agreed in June remains unused at the end of the review   
period. In addition to this credit facility, the Company has an unused TyEL     
pension premium loan allocation of approximately EUR 23 million.                


BUSINESS SECTORS                                                                

BUILDING CONSTRUCTION                                                           

--------------------------------------------------------------------------------
| Key figures, EUR     | 7-9/200 | 7-9/2008 | 1-9/2009 | 1-9/2008 |  1-12/2008 |
| million              |       9 |          |          |          |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales            |   174.7 |    207.8 |    606.8 |    780.5 |    1 207.5 |
--------------------------------------------------------------------------------
| Operating profit     |     0.5 |     14.6 |     21.6 |     34.1 |       69.7 |
--------------------------------------------------------------------------------
| Operating margin, %  |     0.3 |      7.0 |      3.6 |      4.4 |        5.8 |
--------------------------------------------------------------------------------
| Profit before taxes  |    -3.4 |     11.6 |     12.2 |     26.0 |       56.7 |
--------------------------------------------------------------------------------
| Order book at end of |         |          |    489.4 |    747.9 |      576.3 |
| period               |         |          |          |          |            |
--------------------------------------------------------------------------------


The net sales of the building construction business sector in the               
January-September period were weaker than in Q1-Q3 last year. The business      
sector generated 81 % of its net sales in Finland, 5 % in Russia, 7 % in other  
Nordic countries, and 7 % in other countries. The business sector's production  
in the third quarter remained at the H1 level. Fewer commercial property sales  
were made in the third quarter than in the first half of the year, which partly 
explains the reduction in net sales and operating profit. In addition,          
third-quarter contracted production was below average. The business sector's    
order book at the end of the review period was slightly lower than at the end of
June.                                                                           

Operations in Finland:                                                          

Sales of housing units were brisker than expected, and 546 (534) units in       
Lemminkäinen's own housing developments were sold during the January-September  
period. Lemminkäinen completed 230 (304) units in its own housing developments  
during the review period. As a consequence of the pick-up in the housing market,
the Company resumed its own housing production during the third quarter. New    
starts were made on a total of 195 (504) housing units during the review period 
as a whole. At the end of September, 263 (882) housing units were under         
construction, of which 148 were unsold. The number of unsold completed housing  
units was 377 (443). There was a marked increase in the number of contracted    
housing starts, with new starts being made on 685 housing units in 2009.        

At the end of the review period Lemminkäinen owned a total of 890,000 m2 of     
unused building rights in Finland, of which almost half were residential        
building rights. The value of the building plots was approx. EUR 92 million.    

Lemminkäinen is to build housing in the Jätkäsaari district of Helsinki, where  
the City of Helsinki will lease the Company one plot for the private-sector     
production of rental housing and two plots for the private-sector production of 
owner-occupied housing subject to the price and quality controls of the Hitas   
scheme. The City will also sell four plots to the Company for its own housing   
developments. The building plots in the Saukonpaasi area of Jätkäsaari have     
almost 40,000 square metres of building rights, enabling the construction of    
about 400 housing units.  Work will begin on the construction of private-sector 
rental housing in autumn 2010. Earlier this year Lemminkäinen announced that it 
was starting to build housing on Paulig's old roastery site in the Vuosaari     
district of Helsinki, which has been zoned as a residential area for            
approximately 2,000 inhabitants.                                                

Non-residential construction has slowed down over the past twelve months, and   
demand for office construction in particular has been minimal. During the review
period Lemminkäinen made an agreement on the construction of a new office       
building for the Finnish Agency for Rural Affairs in Seinäjoki during the years 
2009-2011. Lemminkäinen agreed the sale of the building to Etera Mutual Pension 
Insurance Company.                                                              

The market for refurbishment contracting remained stable. The government's      
stimulus measures have boosted demand for building repair works to some extent. 
Refurbishment contracting accounted for about 17 % of Lemminkäinen's building   
construction business in the review period.                                     

Lemminkäinen is to carry out basic repair and refurbishment works on Kiinteistö 
Oy Julininkulma, which is a six-storey commercial building in downtown Turku.   
Work will begin in December 2009 and the total value of the contract is approx. 
EUR 9 million. After the end of the review period Lemminkäinen released a       
bulletin describing major replumbing and bathroom refurbishment works in the old
Vuosaari district of Helsinki. The contracts involve refurbishing the bathrooms 
of 840 units as well as replumbing their water and sewer pipes.                 


Operations abroad:                                                              

Housing sales in Russia have been considerably brisker than last year.          
Lemminkäinen sold 81 (51) units in its own housing developments during the      
January-September period. At the end of the review period the Company had 323   
(570) housing units under construction, of which 181 were unsold. There were no 
unsold completed units at the end of the review period                          

After the end of the review period Lemminkäinen resumed work on the previously  
suspended construction of 264 housing units in Russia.                          

At the end of the review period Lemminkäinen had EUR 33 million of capital tied 
up in Russia.                                                                   

In Sweden the Company had 68 (80) units under construction in its own housing   
developments at the end of the review period. Of these, 16 were unsold. The     
number of unsold completed units was 2. In the January-September period         
Lemminkäinen sold 20 housing units in Sweden.                                   

In telecommunications network construction a transition to more-energy-efficient
network solutions is expected, which may boost demand for new network           
construction in the near future. During the review period Lemminkäinen made an  
agreement on the construction of 90 base stations for a local operator in       
Zimbabwe. The project will be carried out in consortium with an African         
supplier.                                                                       


INFRASTRUCTURE CONSTRUCTION                                                     

--------------------------------------------------------------------------------
| Key figures, EUR     | 7-9/200 | 7-9/2008 | 1-9/2009 | 1-9/2008 |  1-12/2008 |
| million              |       9 |          |          |          |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales            |   310.5 |    346.6 |    610.7 |    698.1 |      920.3 |
--------------------------------------------------------------------------------
| Operating profit     |    34.6 |     30.3 |     30.9 |     31.0 |       26.2 |
--------------------------------------------------------------------------------
| Operating margin, %  |    11.2 |      8.7 |      5.1 |      4.4 |        2.8 |
--------------------------------------------------------------------------------
| Profit before taxes  |    31.8 |     27.2 |     21.5 |     25.7 |       16.8 |
--------------------------------------------------------------------------------
| Order book at end of |         |          |    389.6 |    446.2 |      365.4 |
| period               |         |          |          |          |            |
--------------------------------------------------------------------------------


The net sales of the infrastructure construction business sector in the         
January-September period were down 13 % at EUR 610.7 million (698.1). The       
business sector generated 54 % of its net sales in Finland, 33 % in other Nordic
countries, and 10 % in the Baltic states. The operating margin (operating profit
/ net sales) has increased markedly from last year's level. The profitability   
trend in the third quarter was also better than in the same period last year.   
The business sector's result was adversely impacted by currency hedging costs in
the Baltic states especially. The order book at the end of the review period was
down on the previous year.                                                      

Operations in Finland:                                                          

The development of Lemminkäinen's paving operations in the third quarter was in 
line with expectations, and the volume of business remained at the level of the 
previous year. However, the price level of asphalt paving remained low and      
competition became more intense. The deteriorating state of municipal finances  
did not impact on the work situation during the review period.                  

Transport infrastructure construction has picked up with the launch of major    
projects in 2009-2011, and Lemminkäinen is now preparing bids for selected      
contracts.  Even so, competition remains fierce due to prevailing overcapacity  
in the sector.                                                                  

The rock and geotechnical engineering market has remained good, and bids are    
being prepared for a number of new projects. Lemminkäinen was selected to carry 
out the lead contract of the Western Metro construction project. The contract is
worth approx. EUR 10 million and work will begin in November 2009.              

After the end of the review period Lemminkäinen was awarded the contract for the
construction of the eastern mouth of the tunnel for the Ring Rail Line in       
Vantaa. Construction work will begin in December 2009 and will be completed in  
2012. The contract is worth approx. EUR 14 million.                             

The slowdown in building construction has reduced sales of mineral aggregates   
and ready-mix concrete. However, demand for crushing contracting has been       
reasonable, considering the state of the market.                                

The rise in prices of basic metals is rekindling interest in mining projects    
planned for Finland, opening up opportunities for all segments of the           
infrastructure construction sector. Lemminkäinen is involved in two notable     
on-going mine excavation projects.                                              

Operations abroad:                                                              

In Norway and Denmark demand for paving works has been brisker than expected in 
the review period, even though the effects of strong stimulus measures          
introduced by the governments of both countries will not show up until future   
years. Both production volume and business profitability have been better than  
expected.                                                                       

In Sweden, Lemminkäinen is currently working on several tunnel construction     
contracts, the last of which are due to be completed next year. The market for  
major infrastructure projects in Sweden has remained particularly good during   
the review period, and a number of new rock engineering projects are still      
pending.                                                                        

During the review period Lemminkäinen started a geotechnical engineering project
that involves improving the stability of reinforced concrete dams at            
Storfinnefors and Ramsele in Sweden The contract will last until 2012 and is    
worth approx. EUR 10 million.                                                   

The infrastructure construction market in the Baltic states has remained weak.  
In spite of this, Lemminkäinen's order book in Estonia and Lithuania has held up
at a satisfactory level, and bids for new contracts are still being prepared.   
Development of the road network in the Baltic states is continuing with EU      
funding, which is supporting the infrastructure construction markets of these   
countries.                                                                      


TECHNICAL BUILDING SERVICES                                                     

--------------------------------------------------------------------------------
| Key figures, EUR     | 7-9/200 | 7-9/2008 | 1-9/2009 | 1-9/2008 |  1-12/2008 |
| million              |       9 |          |          |          |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales            |    52.6 |     68.8 |    168.6 |    193.4 |      269.9 |
--------------------------------------------------------------------------------
| Operating profit     |     3.8 |      5.4 |      9.0 |     12.7 |       16.3 |
--------------------------------------------------------------------------------
| Operating margin, %  |     7.3 |      7.8 |      5.3 |      6.5 |        6.1 |
--------------------------------------------------------------------------------
| Profit before taxes  |     3.9 |      6.0 |      9.5 |     14.2 |       18.5 |
--------------------------------------------------------------------------------
| Order book at end of |         |          |     90.3 |    109.5 |       97.7 |
| period               |         |          |          |          |            |
--------------------------------------------------------------------------------


The profitability of the technical building services business sector in the     
July-September period was weaker than in Q3 last year, but still exceeded       
expectations given the state of the market. Q3 net sales were 13 % weaker than  
in the second quarter, but profitability remained at the previous year's level. 

With less activity in new building construction, the emphasis in technical      
building services has shifted to refurbishment contracting and servicing and    
maintenance work. Competition in the sector continues to be fierce, and regional
differences are marked. In spite of this, the business sector's order book has  
started to grow cautiously and demand is expected to remain stable for the      
remainder of the year. Energy efficiency management and special expertise in    
areas such as refrigeration maintenance and installation have become significant
competitive factors in the sector.                                              

In the third quarter a continuation agreement was made with Oy Teboil Ab        
concerning the maintenance and servicing of technical building systems at Teboil
service stations. The scope of the agreement includes about 450 distribution    
points all over Finland.                                                        

After the end of the review period Lemminkäinen agreed three significant        
technical building services contracts in Ostrobothnia. The combined value of the
contracts is approx. EUR 12 million and they will be carried out in 2009-2012.  
In addition, also after the end of the review period, Lemminkäinen and Ilmarinen
Mutual Pension Insurance Company extended their comprehensive, long-term        
partnership agreement                                                           
concerning real estate services. The agreement covers the servicing and         
maintenance of technical systems in office and commercial properties in the     
Helsinki Metropolitan Area as well as management services related to their      
day-to-day operation.                                                           


BUILDING PRODUCTS                                                               

--------------------------------------------------------------------------------
| Key figures, EUR     | 7-9/200 | 7-9/2008 | 1-9/2009 | 1-9/2008 |  1-12/2008 |
| million              |       9 |          |          |          |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales            |    42.6 |     51.0 |     99.0 |    121.8 |      156.0 |
--------------------------------------------------------------------------------
| Operating profit     |     4.7 |      5.9 |      5.5 |      9.2 |       10.5 |
--------------------------------------------------------------------------------
| Operating margin, %  |    11.1 |     11.5 |      5.5 |      7.6 |        6.7 |
--------------------------------------------------------------------------------
| Profit before taxes  |     4.6 |      5.7 |      4.9 |      8.7 |        9.9 |
--------------------------------------------------------------------------------
| Order book at end of |         |          |     33.4 |     37.8 |       25.2 |
| period               |         |          |          |          |            |
--------------------------------------------------------------------------------


The summer was busier than expected in roofing contracting. Lemminkäinen was    
also successful in increasing its market share during the review period. The    
emphasis in construction has shifted further towards refurbishment contracting. 
For example, the volume of yard and roofing repair works for housing companies  
increased during the review period thanks to the government's building repair   
grants.                                                                         

Government support for residential construction has stimulated the construction 
of housing, which has boosted demand for pre-cast concrete elements in          
particular. The share of urban environment construction has remained almost at  
the level of the previous year, even though there has been a further            
intensification of competition.                                                 


SHARES AND SHARE CAPITAL                                                        

The listed price of Lemminkäinen Corporation's share was EUR 13.05 (31.50) at   
the beginning of the January and EUR 26.50 (18.80) at the end of September. The 
market capitalisation at the end of the review period was EUR 451.1 million     
(320.0). Altogether 1,237,703 shares (2,666,508) were traded during the review  
period. The total value of the turnover was EUR 24.1 million (79.5). At the end 
of the review period the Company had 4,824 (4,291) shareholders.                
Lemminkäinen's share capital is EUR 34,042,500. The Company has one share series
and the total number of issued shares is 17,021,250.                            
After the end of the review period Lemminkäinen's Board of Directors decided to 
convene an Extraordinary General Meeting of the Company's shareholders. The EGM 
will be held on 12 November 2009. The Board of Directors will propose to the EGM
that the Board of Directors be authorised to decide on a share issue and/or an  
issue of special rights entitling their holders to shares as referred to in     
Chapter 10, Section 1 of the Finnish Companies Act. The number of shares to be  
issued, including the shares to be received on the basis of special rights,     
shall not exceed 4,200,000 shares. The proposed maximum amount of the           
authorisation corresponds to approximately 25 % of all the current shares of the
Company. The Board of Directors may decide to issue either new shares or own    
shares that may be held by the company (treasury shares).                       

The Board of Directors will also propose to the Extraordinary General Meeting   
that the Board of Directors be authorised to decide on the acquisition of       
treasury shares, in one or more instalments, using the unrestricted             
shareholders' equity of the Company. The authorisation is proposed to cover a   
maximum of 1,700,000 treasury shares, subject to the regulations of the Finnish 
Companies Act concerning the maximum amount of own shares that may be held by a 
company. The proposed maximum amount of the authorisation corresponds to        
approximately 10 % of all the current shares of the Company.                    

INVESTMENTS                                                                     

Investments made during the review period amounted to EUR 32.4 million (49.2).  
The investments were mainly replacement purchases of equipment for paving and   
mineral aggregate operations.                                                   

PERSONNEL                                                                       

The average number of employees in the Group during the review period was 8,761 
(9,845), of whom 69 % worked in Finland, 13% in other Nordic countries, 11% in  
the Baltic states and 7 % in other countries.                                   
The personnel reduction measures started in the second half of 2008 have so far 
affected about 1,200 employees. The biggest personnel reductions have been made 
in the building construction and building products business sectors.            

--------------------------------------------------------------------------------
| Personnel, average                |    1-9/2009 |    1-9/2008 |    1-12/2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Hourly paid employees             |       5,645 |       6,570 |        6,490 |
--------------------------------------------------------------------------------
| Salaried staff                    |       3,116 |       3,275 |        3,286 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Personnel, total, of whom         |       8,761 |       9,845 |        9,776 |
--------------------------------------------------------------------------------
| Working abroad                    |       2,685 |       2,814 |        2,836 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Personnel at the end of the       |       9,010 |      10,364 |        8,910 |
| review period                     |             |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Wages, salaries and other         |       241.2 |       258.3 |        358.1 |
| remuneration, EUR million         |             |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Personnel by business sector,     |    1-9/2009 |    1-9/2008 |    1-12/2008 |
| average                           |             |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building construction             |       2,414 |       3,238 |        3,159 |
--------------------------------------------------------------------------------
| Infrastructure construction       |       3,511 |       3,641 |        3,658 |
--------------------------------------------------------------------------------
| Technical building services       |       1,958 |       2,011 |        2,013 |
--------------------------------------------------------------------------------
| Building products                 |         764 |         849 |          839 |
--------------------------------------------------------------------------------
| Parent company                    |         114 |         106 |          107 |
--------------------------------------------------------------------------------
| Total                             |       8,761 |       9,845 |        9,776 |
--------------------------------------------------------------------------------


AGM DECISIONS AND CORPORATE GOVERNANCE                                          

Lemminkäinen Corporation's Annual General Meeting held on 17 March 2009 adopted 
the Company's annual accounts and financial statements for 2008 and granted the 
CEO 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 0.90 per share, i.e. a total dividend of EUR 
15,319,125. The dividend's record date was 20 March 2009 and the payment date   
was 27 March 2009.                                                              

Messrs. Berndt Brunow, Teppo Taberman, Juhani Mäkinen and Ms. Kristiina         
Pentti-von Walzel were re-elected to serve as members of the Board of Directors.
Messrs. Mikael Mäkinen, M.Sc.(Eng.) and Heikki Räty, M.Sc.(Econ.) were newly    
elected to serve as board members. PricewaterhouseCoopers Oy, a firm of         
authorised public accountants, were re-elected to serve as the Company's        
auditors, with Mr. Jan Holmberg, APA acting as the chief auditor.               

Lemminkäinen Corporation's Board of Directors held an organising meeting on 17  
March 2009. Berndt Brunow continues to serve as the Chairman of the Board, and  
Juhani Mäkinen as the Vice Chairman.                                            

The compositions of the Audit Committee, Nominating Committee and Remuneration  
and Appointments Committee were decided at the meeting. The Board of Directors  
elected Heikki Räty to serve as the Chairman of the Audit Committee, with Juhani
Mäkinen and Kristina Pentti-von Walzel serving as members. Berndt Brunow was    
elected to serve as the Chairman of the Nominating Committee, with Kristina     
Pentti-von Walzel and Teppo Taberman serving as members. Teppo Taberman was     
elected to serve as the Chairman of the Remuneration and Appointments Committee,
with Berndt Brunow and Mikael Mäkinen serving as members.                       


LEGAL PROCEEDINGS                                                               

On 30 September 2009 the Supreme Administrative Court (SAC) ordered a number of 
Finnish asphalt industry companies to pay an infringement fine of EUR 82.55     
million, of which Lemminkäinen is to pay EUR 68 million. The decision settled   
finally the Finnish Competition Authority's claim made in 2004 for the          
imposition of a fine concerning violations of the Act on Competition            
Restrictions on seven companies operating in the asphalt industry during the    
period 1994-2002. The Finnish Competition Authority originally proposed that a  
total competition infringement fine of EUR 97 million should be imposed on the  
asphalt companies and the Finnish Asphalt Association, of which Lemminkäinen was
to pay EUR 68 million. In December 2007 the Market Court dismissed the          
Competition Authority's motion for the most part and ordered the asphalt        
companies to pay an infringement fine of EUR 19.4 million, of which Lemminkäinen
was to pay EUR 14 million.                                                      

The difference between the infringement fine of EUR 68 million ordered by the   
SAC and the infringement fine of EUR 14 million ordered by the Market Court (EUR
54 million) was expensed in the third quarter of 2009. The infringement fine of 
EUR 14 million ordered by the Market Court was expensed in the fourth quarter of
2007.                                                                           

Certain municipalities have announced in statements of claim submitted to the   
District Court of Helsinki that they will claim for damages from Lemminkäinen   
and other asphalt companies if the SAC finds that the asphalt companies have    
acted in breach of competition legislation within their municipal boundaries.   
The claims presented in the statements of claim differ from each other as       
regards their amounts and grounds. In addition, the Finnish Road Administration 
has claimed, in connection with work carried out for the Finnish State, at most 
EUR 10.5 million from Lemminkäinen and at most EUR 5.6 million jointly and      
severally with other asphalt companies. The decision rendered by the SAC will   
probably initiate the consideration of claims for damages in the District Court 
of Helsinki to the extent that the Finnish Road Administration and the          
municipalities regard that the decision of the SAC warrants such action.        

Lemminkäinen initially considers the claims presented by the municipalities and 
the Finnish Road Administration as unfounded. Furthermore, the decision rendered
by the SAC does not concern individual contracts or their pricing. Claims for   
damages will be considered separately before the District Court of Helsinki and 
heard in the order determined by the court.                                     

No provision for future expense has been made in respect of the statements of   
claims submitted so far by the municipalities and the Finnish Road              
Administration.                                                                 


RISKS AND UNCERTAINTIES                                                         

Lemminkäinen's business risks are divided into six categories: market risks,    
project risks, financing risks, credit loss risks, environmental risks, and     
accidents and damage. The measures necessary to manage the most significant     
identified risks have been specified.                                           

Market risk poses the most significant threat to Lemminkäinen in the near       
future. The international financial crisis and economic downturn are creating   
uncertainty in key sectors of Lemminkäinen's operating environment and making it
more difficult to foresee future changes. As a consequence of this, Lemminkäinen
has set about making the necessary adjustments to its business operations.      

Although housing sales have developed favourably, the general economic situation
is still unstable. For this reason new housing starts are being made only if a  
sufficiently high percentage of the units are reserved by buyers in advance.    

The aforementioned statements of claim submitted to the District Court of       
Helsinki by certain municipalities and the Finnish Road Administration pose a   
specific risk.                                                                  

Operating in a number of business sectors with differing cyclical behaviours is 
a cornerstone of Lemminkäinen's strategy. Fluctuating demand for new            
construction in Finland is counterbalanced by infrastructure construction.      
Building repair and maintenance account for more than a third of the Group's    
business.                                                                       

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


Outlook for 2009                                                                

Lemminkäinen reiterates its earlier guidance, according to which the Group's    
full-year net sales will fall well short of the 2008 level. As a consequence of 
the infringement fine imposed by the Supreme Administrative Court, the Company's
result for the 2009 accounting period will be clearly negative.                 

Helsinki, 5 November 2009                                                       
LEMMINKÄINEN CORPORATION                                                        
Board of Directors                                                              



TABULATED SECTION OF THE INTERIM FINANCIAL REVIEW                               

ACCOUNTING PRINCIPLES                                                           

This interim financial review has been prepared in accordance with the same IFRS
recognition and measurement principles as those applied in the annual financial 
statements for 2008 with the below-mentioned changes. As the tabulated section  
is presented in abridged format, not all of the requirements of the IAS 34      
Interim Financial Reporting Standard have been observed in the preparation of   
the review.                                                                     

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

Standards and interpretations adopted from the beginning of 2009                

- IAS 1 (Revised), Presentation of Financial Statements. The aim of the standard
is to improve users' ability to analyse and compare the information given in    
financial statements by separating changes in equity of an entity arising from  
transactions with owners from other changes in equity.  Changes unrelated to    
owners are presented in the statement of comprehensive income.                  

- IFRS 8 Segment Reporting. The standard requires that reportable segment       
information be based on internal segment reports that are reviewed by           
management. Lemminkäinen is reporting its interim financial reviews from the    
beginning of the 2009 accounting period in compliance with IFRS 8 Operating     
Segments. Adoption of the standard has no effect on the number or composition of
Lemminkäinen Group's operating segments, but it does change the content of the  
segment information. The standard has no effect on geographical segment         
information.                                                                    

The segment information reported to management is generally prepared according  
to the same principles as those applied in the consolidated financial           
statements. Imputed items are not considered in segment reporting. Such items   
include, among others, depreciation of assets acquired by finance leasing,      
interest separated from payments, warranty provisions, and unrealised gains or  
losses on derivatives. In segment reporting to management, finance leasing      
arrangements are treated as ordinary rental agreements, which deviates from the 
accounting principles of IFRS financial statements. Affiliated companies are    
combined in segment reporting in proportion to ownership share using the        
line-by-line method. In IFRS financial statements affiliated companies are      
combined by the equity method. In segment reporting, intersegment sales are not 
allocated to segments, owing to their minimal magnitude, and are not reported to
management. Comparative figures for segment reporting have been published in a  
separate release on 5 May 2009.                                                 

- IAS 23 (Revised) Borrowing Costs. The amended standard  requires an entity to 
capitalise borrowing costs directly attributable to the acquisition,            
construction or production of a qualifying asset as part of the cost of that    
asset. The immediate expensing of such borrowing costs is prohibited.  Starting 
from 1 January 2009, the Group capitalises the borrowing costs in qualifying    
projects and in projects where income is recognised on the basis of percentage  
of completion.                                                                  

An assessment indicates that the following interpretations and standards have no
essential bearing on Lemminkäinen Group's interim financial review: IAS 32      
(Amendment), IFRS 2, IFRIC 11, IFRIC 13, IFRIC 14 and IFRIC 16.                 


Effects of new interpretations of IFRS standards in the future                  

The standards and interpretations published by IASB and listed below will come  
into force in 2010 or thereafter. The Group has decided against their early     
adoption and will apply them in future accounting periods.                      

- IFRIC 15, Agreements for the Construction of Real Estate. The interpretation  
clarifies whether an agreement for the construction of real estate falls within 
the scope of IAS 11 Construction Contracts or IAS 18 Revenue, and when income   
from such construction projects can be recognised on the basis of percentage of 
completion. In Lemminkäinen Group the new interpretation will affect especially 
the income recognition practice for own housing production, the basis of which  
will change from percentage-of-completion to full completion and delivery from  
2010 onwards. The EU Commission endorsed the guidance in July 2009. The         
regulation will come into force from the beginning of the 2010 accounting       
period.                                                                         

- IFRIC 12 Service Concession Arrangements. The interpretation applies to       
contractual arrangements whereby a private-sector operator participates in the  
development, financing, operation or maintenance of public services             
infrastructure.                                                                 

- IFRS 3 (Revised), Business combinations. The revised standard continues to    
apply the acquisition method to business combinations, with some significant    
changes. For example, all payments to purchase a business are to be recorded at 
fair value at the acquisition date, with some contingent payments subsequently  
remeasured at fair value through income. Goodwill may be calculated based on the
parent company's share of net assets or it may include goodwill related to the  
minority interest. All transaction costs will be expensed. The Group's          
management is assessing the impact of this revision on the consolidated         
financial statements.                                                           

IAS 27 (Revised), Consolidated and separate financial statements. The revised   
standard requires the effects of all transactions with non-controlling interests
to be recorded in equity if there is no change in control. Thus, transactions   
with non-controlling interests will no longer result in goodwill or the         
recognition of gains or losses through profit or loss. The standard also        
specifies the accounting when control is lost. Any remaining interest in the    
entity is remeasured to fair value and a gain or loss is recognised through     
profit or loss. The Group's management is clarifying the effect of the standard 
on the consolidated financial statements.                                       

An assessment indicates that the following interpretations and standards have no
essential bearing on Lemminkäinen Group's financial statements: IAS 39          
(Amendment), IFRS 5 (Amendment), IFRIC 17 and IFRIC 18                          



FINANCIAL STATEMENTS AND OTHER TABULATED INFORMATION                            

1) Consolidated income statement                                                
2) Consolidated statement of comprehensive income                               
3) Consolidated balance sheet                                                   
4) Consolidated cash flow statement                                             
5) Consolidated statement of changes in shareholders' equity                    
6) Consolidated income statement, quarterly                                     
7) Segment information                                                          
8) Economic trends and financial indicators                                     
9) Share-specific indicators                                                    
10) Guarantees and contingent liabilities                                       
11) Legal proceedings                                                           



CONSOLIDATED INCOME STATEMENT                                                   
--------------------------------------------------------------------------------
|           |      |      |      | 7-9/ |   7-9/ |    1-9/ |    1-9/ |   1-12/ |
--------------------------------------------------------------------------------
| EUR mill. |      |      |      | 2009 |   2008 |    2009 |    2008 |    2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales |      |      |      | 563. |  648.5 | 1,444.8 | 1,739.3 | 2,481.8 |
|           |      |      |      |    2 |        |         |         |         |
--------------------------------------------------------------------------------
| Operating income and    |      | -562 | -582.5 | -1,408. | -1,627. | -2,325. |
| expenses                |      |   .3 |        |       2 |       2 |       0 |
--------------------------------------------------------------------------------
| Depreciat |      |      |      | 12.5 |   13.5 |    26.7 |    27.7 |    34.9 |
| ion       |      |      |      |      |        |         |         |         |
--------------------------------------------------------------------------------
| Share of the     |      |      |      |        |         |         |         |
| results of       |      |      |      |        |         |         |         |
--------------------------------------------------------------------------------
| affiliated       |      |      |  1.1 |    1.1 |     1.1 |     1.3 |     1.2 |
| companies        |      |      |      |        |         |         |         |
--------------------------------------------------------------------------------
| Operating        |      |      | -10. |   53.6 |    11.0 |    85.7 |   123.2 |
| profit/loss      |      |      |    5 |        |         |         |         |
--------------------------------------------------------------------------------
| Financial        |      |      | 10.5 |    5.2 |    41.0 |    22.8 |    50.7 |
| expenses         |      |      |      |        |         |         |         |
--------------------------------------------------------------------------------
| Financial        |      |      |  4.1 |    0.2 |    15.6 |     5.2 |    18.5 |
| income           |      |      |      |        |         |         |         |
--------------------------------------------------------------------------------
| Profit/loss      |      |      | -16. |   48.6 |   -14.4 |    68.0 |    91.0 |
| before taxes     |      |      |    8 |        |         |         |         |
--------------------------------------------------------------------------------
| Income    |      |      |      | -7.9 |  -11.8 |   -10.2 |   -17.2 |   -27.5 |
| taxes     |      |      |      |      |        |         |         |         |
--------------------------------------------------------------------------------
| Profit/loss for  |      |      |      |        |         |         |         |
| the              |      |      |      |        |         |         |         |
--------------------------------------------------------------------------------
| accounting       |      |      | -24. |   36.8 |   -24.6 |    50.8 |    63.5 |
| period           |      |      |    7 |        |         |         |         |
--------------------------------------------------------------------------------
|           |      |      |      |      |        |         |         |         |
--------------------------------------------------------------------------------
| Distribution of the profit/loss for the        |         |         |         |
| accounting period                              |         |         |         |
--------------------------------------------------------------------------------
| To shareholders  |      |      |      |        |         |         |         |
| of               |      |      |      |        |         |         |         |
--------------------------------------------------------------------------------
| the parent       |      |      | -24. |   34.5 |   -25.8 |    46.5 |    55.9 |
| company          |      |      |    5 |        |         |         |         |
--------------------------------------------------------------------------------
| To minority      |      |      | -0.2 |    2.3 |     1.3 |     4.2 |     7.6 |
| interests        |      |      |      |        |         |         |         |
--------------------------------------------------------------------------------
|           |      |      |      |      |        |         |         |         |
--------------------------------------------------------------------------------
| EPS calculated from profit/loss attributable to parent company shareholders  |
--------------------------------------------------------------------------------
| Earnings per share,     |      |      |        |         |         |         |
| diluted and             |      |      |        |         |         |         |
--------------------------------------------------------------------------------
| undiluted |      |      |      | -1.4 |   2.03 |   -1.52 |    2.73 |    3.28 |
| , EUR     |      |      |      |    4 |        |         |         |         |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| 2) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME        |         |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|                    |   |   |   |  7-9/ |   7-9/ |   1-9/ |    1-9/ |   1-12/ |
--------------------------------------------------------------------------------
| EUR mill.          |   |   |   |  2009 |   2008 |   2009 |    2008 |    2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit/loss for the    |   |   |       |        |        |         |         |
--------------------------------------------------------------------------------
| accounting period      |   |   | -24.7 |   36.8 |  -24.6 |    50.8 |    63.5 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Translation difference |   |   |   1.7 |   -1.0 |    2.1 |    -1.4 |    -6.4 |
--------------------------------------------------------------------------------
| Hedging of net investment  |   |       |        |        |         |         |
--------------------------------------------------------------------------------
| in foreign subsidiary  |   |   |   0.1 |    0.5 |   -0.4 |     0.7 |     1.6 |
--------------------------------------------------------------------------------
| Cash flow hedge    |   |   |   |  -0.1 |   -0.8 |   -0.5 |     0.1 |    -1.9 |
--------------------------------------------------------------------------------
| Other comprehensive    |   |   |       |        |        |         |         |
--------------------------------------------------------------------------------
| income, total      |   |   |   |   1.7 |   -1.2 |    1.2 |    -0.6 |    -6.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Comprehensive income   |   |   |       |        |        |         |         |
--------------------------------------------------------------------------------
| for the accounting     |   |   | -23.0 |   35.5 |  -23.4 |    50.1 |    56.8 |
| period                 |   |   |       |        |        |         |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Distribution of comprehensive income for the    |        |         |         |
| accounting period                               |        |         |         |
--------------------------------------------------------------------------------
| To shareholders of  the parent | -22.8 |   33.2 |  -24.6 |    45.9 |    49.2 |
| company                        |       |        |        |         |         |
--------------------------------------------------------------------------------
| To minority interests  |   |   |  -0.2 |    2.3 |    1.3 |     4.2 |     7.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| 3) CONSOLIDATED BALANCE SHEET   |      |        |         |        |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR mill.           |   |   |   |      | 09/200 | 09/2008 |        | 12/2008 |
|                     |   |   |   |      |      9 |         |        |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current assets      |   |   |      |        |         |        |         |
--------------------------------------------------------------------------------
| Tangible assets     |   |   |   |      |  185.4 |   187.7 |        |   187.0 |
--------------------------------------------------------------------------------
| Goodwill            |   |   |   |      |   77.7 |    76.1 |        |    74.9 |
--------------------------------------------------------------------------------
| Other intangible assets |   |   |      |    2.4 |     2.7 |        |     2.5 |
--------------------------------------------------------------------------------
| Investments         |   |   |   |      |   12.7 |    11.4 |        |    10.7 |
--------------------------------------------------------------------------------
| Deferred tax asset      |   |   |      |   15.2 |    11.7 |        |     7.2 |
--------------------------------------------------------------------------------
| Other non-current           |   |      |    6.8 |     7.6 |        |     6.3 |
| receivables                 |   |      |        |         |        |         |
--------------------------------------------------------------------------------
| Total               |   |   |   |      |  300.1 |   297.1 |        |   288.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current assets      |   |   |   |      |        |         |        |         |
--------------------------------------------------------------------------------
| Inventories         |   |   |   |      |  403.9 |   488.3 |        |   398.2 |
--------------------------------------------------------------------------------
| Trade and other receivables |   |      |  479.9 |   612.8 |        |   476.3 |
--------------------------------------------------------------------------------
| Cash funds          |   |   |   |      |  121.1 |    94.2 |        |   250.1 |
--------------------------------------------------------------------------------
| Total               |   |   |   |      | 1,004. | 1,195.3 |        | 1,124.7 |
|                     |   |   |   |      |      9 |         |        |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets, total       |   |   |   |      | 1,305. | 1,492.4 |        | 1,413.3 |
|                     |   |   |   |      |      0 |         |        |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders' equity and        |      |        |         |        |         |
| liabilities                     |      |        |         |        |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity attributable to shareholders of the      |         |        |         |
| parent company                                  |         |        |         |
--------------------------------------------------------------------------------
| Share capital       |   |   |   |      |   34.0 |    34.0 |        |    34.0 |
--------------------------------------------------------------------------------
| Share premium account   |   |   |      |    5.8 |     5.8 |        |     5.8 |
--------------------------------------------------------------------------------
| Revaluation reserve     |   |   |      |   -2.2 |     0.3 |        |    -1.7 |
--------------------------------------------------------------------------------
| Translation differences |   |   |      |   -3.0 |    -0.7 |        |    -4.7 |
--------------------------------------------------------------------------------
| Retained earnings       |   |   |      |  265.4 |   224.8 |        |   224.8 |
--------------------------------------------------------------------------------
| Profit/loss for the     |   |   |      |  -25.8 |    46.5 |        |    55.9 |
| period                  |   |   |      |        |         |        |         |
--------------------------------------------------------------------------------
| Shareholders' equity before minority   |  274.1 |   310.8 |        |   314.0 |
| interest                               |        |         |        |         |
--------------------------------------------------------------------------------
| Minority interest   |   |   |   |      |   23.4 |    25.0 |        |    27.8 |
--------------------------------------------------------------------------------
| Shareholders' equity, total |   |      |  297.5 |   335.8 |        |   341.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current liabilities |   |   |      |        |         |        |         |
--------------------------------------------------------------------------------
| Deferred tax            |   |   |      |   19.4 |    16.1 |        |    18.7 |
| liabilities             |   |   |      |        |         |        |         |
--------------------------------------------------------------------------------
| Pension liabilities |   |   |   |      |    0.3 |     0.7 |        |     0.2 |
--------------------------------------------------------------------------------
| Provisions          |   |   |   |      |    2.4 |     1.9 |        |     2.2 |
--------------------------------------------------------------------------------
| Financial liabilities   |   |   |      |   58.4 |   119.1 |        |   118.8 |
--------------------------------------------------------------------------------
| Other liabilities   |   |   |   |      |    2.4 |     1.2 |        |     1.3 |
--------------------------------------------------------------------------------
| Total               |   |   |   |      |   82.9 |   139.0 |        |   141.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current liabilities |   |   |   |      |        |         |        |         |
--------------------------------------------------------------------------------
| Accounts payable and other      |      |  467.2 |   492.9 |        |   455.6 |
| liabilities                     |      |        |         |        |         |
--------------------------------------------------------------------------------
| Provisions          |   |   |   |      |    7.2 |     6.1 |        |     7.1 |
--------------------------------------------------------------------------------
| Financial liabilities   |   |   |      |  450.2 |   518.6 |        |   467.7 |
--------------------------------------------------------------------------------
| Total               |   |   |   |      |  924.5 | 1 017.6 |        |   930.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders' equity    |   |   |      |        |         |        |         |
| and                     |   |   |      |        |         |        |         |
--------------------------------------------------------------------------------
| liabilities, total  |   |   |   |      | 1,305. | 1,492.4 |        | 1,413.3 |
|                     |   |   |   |      |      0 |         |        |         |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| 4) CONSOLIDATED STATEMENT OF CASH FLOWS         |         |        |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|                      |   |   |   |   |     1-9/ |    1-9/ |        |   1-12/ |
--------------------------------------------------------------------------------
| EUR mill.            |   |   |   |   |     2009 |    2008 |        |   2 008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit/loss before taxes |   |   |   |    -14.4 |    68.0 |        |    91.0 |
--------------------------------------------------------------------------------
| Depreciation         |   |   |   |   |     26.7 |    27.7 |        |    34.9 |
--------------------------------------------------------------------------------
| Other adjustments        |   |   |   |     24.3 |    13.9 |        |    26.7 |
--------------------------------------------------------------------------------
| Cash flow before     |   |   |   |   |          |         |        |         |
--------------------------------------------------------------------------------
| change in working        |   |   |   |     36.6 |   109.6 |        |   152.6 |
| capital                  |   |   |   |          |         |        |         |
--------------------------------------------------------------------------------
| Change in working        |   |   |   |      2.4 |  -238.3 |        |   -45.3 |
| capital                  |   |   |   |          |         |        |         |
--------------------------------------------------------------------------------
| Financial items      |   |   |   |   |    -23.3 |   -20.6 |        |   -31.4 |
--------------------------------------------------------------------------------
| Direct taxes paid    |   |   |   |   |    -19.2 |   -38.9 |        |   -51.2 |
--------------------------------------------------------------------------------
| Cash flow from operating         |   |     -3.5 |  -188.1 |        |    24.6 |
| activities                       |   |          |         |        |         |
--------------------------------------------------------------------------------
| Cash flow provided by    |   |   |   |          |         |        |         |
--------------------------------------------------------------------------------
| investing activities     |   |   |   |      8.1 |     9.5 |        |    15.2 |
--------------------------------------------------------------------------------
| Cash flow used in investing      |   |    -23.3 |   -40.4 |        |   -43.2 |
| activities                       |   |          |         |        |         |
--------------------------------------------------------------------------------
| Change in non-current        |   |   |     -0.5 |    -2.8 |        |    -1.6 |
| receivables                  |   |   |          |         |        |         |
--------------------------------------------------------------------------------
| Drawings of loans        |   |   |   |    458.7 | 1,757.8 |        | 1,740.4 |
--------------------------------------------------------------------------------
| Repayments of loans      |   |   |   |   -548.6 | -1,487. |        | -1,528. |
|                          |   |   |   |          |       6 |        |       9 |
--------------------------------------------------------------------------------
| Dividends paid       |   |   |   |   |    -18.0 |   -32.6 |        |   -32.6 |
--------------------------------------------------------------------------------
| Cash flow from financing     |   |   |   -108.4 |   234.7 |        |   177.3 |
| activities                   |   |   |          |         |        |         |
--------------------------------------------------------------------------------
| Change in cash funds     |   |   |   |   -127.0 |    15.7 |        |   174.0 |
--------------------------------------------------------------------------------
| Cash funds at beginning of   |   |   |    250.1 |    78.5 |        |    78.5 |
| period                       |   |   |          |         |        |         |
--------------------------------------------------------------------------------
| Translation difference of cash   |   |     -1.9 |    -0.1 |        |    -2.4 |
| funds                            |   |          |         |        |         |
--------------------------------------------------------------------------------
| Cash funds at end of period  |   |   |    121.1 |    94.2 |        |   250.1 |
--------------------------------------------------------------------------------


5) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY                                  

A = Share capital                                                               
B = Share premium account                                                       
C = Translation difference                                                      
D = Revaluation reserve                                                         
E = Retained earnings                                                           
F = Minority interest                                                           
G = Shareholders' equity total                                                  

--------------------------------------------------------------------------------
| EUR      |     |     |    A |    B |     C |     D |      E |      F |     G |
| mill.    |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders'  |     |      |      |       |       |        |        |       |
| equity         |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| 1.1.2008 |     |     | 34.0 |  5.8 |   0.1 |   0.2 |  255.4 |   23.7 | 319.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Reversal |     |     |      |      |       |       |        |        |       |
| of       |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| dividend |     |     |      |      |       |       |    0.0 |        |   0.0 |
| liabilit |     |     |      |      |       |       |        |        |       |
| y        |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| Dividend       |     |      |      |       |       |  -30.6 |   -2.0 | -32.6 |
| distribution   |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| Change   |     |     |      |      |       |       |        |        |       |
| in       |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| minority |     |     |      |      |       |       |        |   -0.9 |  -0.9 |
| interest |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| Comprehensive income |      |      |       |       |        |        |       |
| for                  |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| the accounting |     |      |      |  -0.7 |   0.1 |   46.5 |    4.2 |  50.1 |
| period         |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders'  |     |      |      |       |       |        |        |       |
| equity         |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| 30.9.200 |     |     | 34.0 |  5.8 |  -0.7 |   0.3 |  271.4 |   25.0 | 335.8 |
| 8        |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR      |     |     |    A |    B |     C |     D |      E |      F |     G |
| mill.    |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders'  |     |      |      |       |       |        |        |       |
| equity         |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| 1.1.2008 |     |     | 34.0 |  5.8 |   0.1 |   0.2 |  255.4 |   23.7 | 319.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Reversal |     |     |      |      |       |       |        |        |       |
| of       |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| dividend |     |     |      |      |       |       |    0.0 |        |   0.0 |
| liabilit |     |     |      |      |       |       |        |        |       |
| y        |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| Dividend       |     |      |      |       |       |  -30.6 |   -2.9 | -33.6 |
| distribution   |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| Change   |     |     |      |      |       |       |        |        |       |
| in       |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| minority |     |     |      |      |       |       |        |   -0.6 |  -0.6 |
| interest |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| Comprehensive income |      |      |       |       |        |        |       |
| for                  |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| the accounting |     |      |      |  -4.8 |  -1.9 |   55.9 |    7.6 |  56.8 |
| period         |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| Shareholders'  |     |      |      |       |       |        |        |       |
| equity         |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| 31.12.20 |     |     | 34.0 |  5.8 |  -4.7 |  -1.7 |  280.7 |   27.8 | 341.8 |
| 08       |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR      |     |     |    A |    B |     C |     D |      E |      F |     G |
| mill.    |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders'  |     |      |      |       |       |        |        |       |
| equity         |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| 1.1.2009 |     |     | 34.0 |  5.8 |  -4.7 |  -1.7 |  280.7 |   27.8 | 341.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Dividend       |     |      |      |       |       |  -15.3 |   -2.0 | -17.3 |
| distribution   |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| Change   |     |     |      |      |       |       |        |        |       |
| in       |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| minority |     |     |      |      |       |       |        |   -3.6 |  -3.6 |
| interest |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| Comprehensive income |      |      |       |       |        |        |       |
| for                  |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| the accounting |     |  0.0 |  0.0 |   1.7 |  -0.5 |  -25.8 |    1.3 | -23.4 |
| period         |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders'  |     |      |      |       |       |        |        |       |
| equity         |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------
| 30.9.200 |     |     | 34.0 |  5.8 |  -3.0 |  -2.2 |  239.6 |   23.4 | 297.5 |
| 9        |     |     |      |      |       |       |        |        |       |
--------------------------------------------------------------------------------


6) CONSOLIDATED INCOME STATEMENT, QUARTERLY			                                  

--------------------------------------------------------------------------------
|          |     |     |     |      |   7-9/ |   4-6/ |   1-3/ | 10-12 |  7-9/ |
|          |     |     |     |      |        |        |        |     / |       |
--------------------------------------------------------------------------------
| EUR      |     |     |     |      |   2009 |   2009 |   2009 |  2008 |  2008 |
| mill.    |     |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net      |     |     |     |      |  563.2 |  544.6 |  336.9 | 742.5 | 648.5 |
| sales    |     |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
| Operating income and |     |      | -562.3 | -505.3 | -340.6 | -697. | -582. |
| expenses             |     |      |        |        |        |     7 |     5 |
--------------------------------------------------------------------------------
| Deprecia |     |     |     |      |   12.5 |    9.5 |    4.7 |   7.2 |  13.5 |
| tion     |     |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
| Share of the   |     |     |      |        |        |        |       |       |
| results of     |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
| affiliated     |     |     |      |    1.1 |    0.3 |   -0.2 |  -0.1 |   1.1 |
| companies      |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
| Operating      |     |     |      |  -10.5 |   30.1 |   -8.6 |  37.5 |  53.6 |
| profit/loss    |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
| Financial      |     |     |      |   10.5 |   10.4 |   20.1 |  27.9 |   5.2 |
| expenses       |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
| Financial      |     |     |      |    4.1 |    1.2 |   10.3 |  13.4 |   0.2 |
| income         |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
| Profit/loss    |     |     |      |  -16.8 |   20.9 |  -18.4 |  23.0 |  48.6 |
| before taxes   |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
| Income   |     |     |     |      |   -7.9 |   -6.2 |    3.9 | -10.3 | -11.8 |
| taxes    |     |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
| Profit/loss    |     |     |      |  -24.7 |   14.7 |  -14.6 |  12.7 |  36.8 |
| for the        |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
| accounting     |     |     |      |        |        |        |       |       |
| period         |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Distribution of the profit/loss for the    |        |        |       |       |
| accounting period                          |        |        |       |       |
--------------------------------------------------------------------------------
| To             |     |     |      |        |        |        |       |       |
| shareholders   |     |     |      |        |        |        |       |       |
| of             |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
| the parent     |     |     |      |  -24.5 |   13.7 |  -15.0 |   9.3 |  34.5 |
| company        |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
| To minority    |     |     |      |   -0.2 |    1.0 |    0.4 |   3.4 |   2.3 |
| interests      |     |     |      |        |        |        |       |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EPS calculated from profit/loss attributable to parent       |       |       |
| company shareholders                                         |       |       |
--------------------------------------------------------------------------------
| Earnings per share, diluted and   |        |        |        |       |       |
| undiluted,                        |        |        |        |       |       |
--------------------------------------------------------------------------------
| EUR      |     |     |     |      |  -1.44 |   0.80 |  -0.88 |  0.55 |  2.03 |
--------------------------------------------------------------------------------
			                                                                             

7) SEGMENT INFORMATION                                                          

In Lemminkäinen Group, management means the CEO of Lemminkäinen Corporation, who
is the chief operating decision-maker. Internal segment reporting to management 
covers net sales, depreciation, operating profit, financial items, profit before
taxes, non-current assets, inventories and trade receivables.                   

The segment information reported to management is generally prepared according  
to the same principles as those applied in the consolidated financial           
statements. Imputed items are not considered in segment reporting. Such items   
include, among others, depreciation of assets acquired by finance leasing,      
interest separated from payments, warranty provisions, and unrealised gains or  
losses on derivatives. In segment reporting to management, finance leasing      
arrangements are treated as ordinary rental agreements, which deviates from the 
accounting principles of IFRS financial statements. Affiliated companies are    
combined in segment reporting in proportion to ownership share using the        
line-by-line method. In IFRS financial statements affiliated companies are      
combined by the equity method. In segment reporting, intersegment sales are not 
allocated to segments, owing to their minimal magnitude, and are not reported to
management.                                                                     


BLDCO = Building Construction                                                   
INFRA = Infrastructure Construction                                             
TECBS = Technical Building Services                                             
BLDPR = Building Products                                                       
OTHER = Other operations                                                        
ELIM = Group eliminations                                                       
SEGM = Segments total                                                           
RECON = Reconciling items                                                       
TOTAL = Group total, IRFS                                                       

--------------------------------------------------------------------------------
| 1-9/2009 | BLDC | INF | TECB | BLDP | OTHER |  ELIM |  SEGM |  RECON | TOTAL |
|          |    O |  RA |    S |    R |       |       |       |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net      | 606. | 610 | 168. | 99.0 |   8.3 | -33.3 |     1 |  -15.2 |     1 |
| sales    |    8 |  .7 |    6 |      |       |       | 460.1 |        | 444.8 |
--------------------------------------------------------------------------------
| Depreci- |      |     |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| ation    |  2.1 | 23. |  0.6 |  1.8 |   0.6 |       |  29.0 |   -2.3 |  26.7 |
|          |      |   9 |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| Operatin |      |     |      |      |       |       |       |        |       |
| g        |      |     |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| profit/l | 21.6 | 30. |  9.0 |  5.5 | -58.3 |       |   8.7 |    2.3 |  11.0 |
| oss      |      |   9 |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| Financia |      |     |      |      |       |       |       |        |       |
| l        |      |     |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| items    | -9.4 | -9. |  0.5 | -0.5 |  -5.5 |       | -24.5 |   -0.9 | -25.4 |
|          |      |   5 |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| Profit/l |      |     |      |      |       |       |       |        |       |
| oss      |      |     |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| before   | 12.2 | 21. |  9.5 |  4.9 | -63.8 |       | -15.7 |    1.3 | -14.4 |
| taxes    |      |   5 |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------

The reconciling items for net sales stem from the equity share treatment of     
affiliated companies EUR -12.9 million and other operating income recognised as 
net sales in segment reporting.                                                 

The reconciling items for operating profit comprise EUR 1.3 million in personnel
expenses, EUR 1.4 million from the IFRS treatment of finance leasing, EUR 0.0   
million from the equity share treatment of affiliated companies and EUR 0.4     
million in other closing entries.                                               

The reconciling items for financial items are EUR -1.3 million in finance       
leasing interest, as well as exchange rate differences, interest timing         
differences, and unrealised gains and losses on derivatives.                    


--------------------------------------------------------------------------------
| EUR      |      |     |      |      |       |       |       |        |       |
| mill.    |      |     |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| 1-9/2008 | BLDC | INF | TECB | BLDP | OTHER |  ELIM |  SEGM |  RECON | TOTAL |
|          |    O |  RA |    S |    R |       |       |       |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net      | 780. | 698 | 193. | 121. |   9.8 | -48.5 |     1 |  -15.9 |     1 |
| sales    |    5 |  .1 |    4 |    8 |       |       | 755.1 |        | 739.3 |
--------------------------------------------------------------------------------
| Depreci- |      |     |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| ation    |  2.2 | 23. |  0.6 |  1.9 |   0.6 |       |  28.4 |   -0.7 |  27.7 |
|          |      |   2 |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| Operatin |      |     |      |      |       |       |       |        |       |
| g        |      |     |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| profit/l | 34.1 | 31. | 12.7 |  9.2 |  -3.2 |       |  83.8 |    1.9 |  85.7 |
| oss      |      |   0 |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| Financia |      |     |      |      |       |       |       |        |       |
| l        |      |     |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| items    | -8.1 | -5. |  1.5 | -0.5 |  -4.9 |       | -17.3 |   -0.3 | -17.6 |
|          |      |   3 |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| Profit/l |      |     |      |      |       |       |       |        |       |
| oss      |      |     |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------
| before   | 26.0 | 25. | 14.2 |  8.7 |  -8.1 |       |  66.5 |    1.5 |  68.0 |
| taxes    |      |   7 |      |      |       |       |       |        |       |
--------------------------------------------------------------------------------


The reconciling items for net sales stem from the equity share treatment of     
affiliated companies (EUR -14.2 million) and other operating income recognised  
as net sales in segment reporting.                                              

The reconciling items for operating profit comprise EUR 2.1 million in personnel
expenses, EUR 0.8 million in gains from the sale of derivatives, EUR -0.5       
million from the IFRS treatment of finance leasing, EUR -0.5 million from change
in the warranty provision, EUR 0.2 million from the equity share treatment of   
affiliated companies, and EUR -0.2 million in other closing entries.            

The reconciling items for financial items are finance leasing interest of EUR   
-1.1 million as well as exchange rate differences, interest timing differences  
and unrealised gains and losses on derivatives.                                 

--------------------------------------------------------------------------------
| NET SALES |       |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
|           |       |      |      |  7-9/ |   7-9/ |   1-9/ |   1-9/ |   1-12/ |
--------------------------------------------------------------------------------
| EUR mill. |       |      |      |  2009 |   2008 |   2009 |   2008 |    2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building          |      |      | 174.7 |  207.8 |  606.8 |  780.5 | 1,207.5 |
| Construction      |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Infrastructure    |      |      | 310.5 |  346.6 |  610.7 |  698.1 |   920.3 |
| Construction      |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Technical Building       |      |  52.6 |   68.8 |  168.6 |  193.4 |   269.9 |
| Services                 |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Building Products |      |      |  42.6 |   51.0 |   99.0 |  121.8 |   156.0 |
--------------------------------------------------------------------------------
| Other operations  |      |      |   2.9 |    3.3 |    8.3 |    9.8 |    13.5 |
--------------------------------------------------------------------------------
| Group             |      |      |  -8.8 |  -19.7 |  -33.3 |  -48.5 |   -65.7 |
| eliminations      |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Segments  |       |      |      | 574.5 |  657.8 | 1,460. | 1,755. | 2,501.5 |
| total     |       |      |      |       |        |      1 |      1 |         |
--------------------------------------------------------------------------------
| Reconciling items |      |      | -11.3 |   -9.3 |  -15.2 |  -15.9 |   -19.7 |
--------------------------------------------------------------------------------
| Group total, IFRS |      |      | 563.2 |  648.5 |      1 |      1 | 2 481.8 |
|                   |      |      |       |        |  444.8 |  739.3 |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| OPERATING PROFIT/LOSS    |      |       |        |        |        |         |
--------------------------------------------------------------------------------
|           |       |      |      |  7-9/ |   7-9/ |   1-9/ |   1-9/ |   1-12/ |
--------------------------------------------------------------------------------
| EUR mill. |       |      |      |  2009 |   2008 |   2009 |   2008 |    2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building          |      |      |   0.5 |   14.6 |   21.6 |   34.1 |    69.7 |
| Construction      |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Infrastructure    |      |      |  34.6 |   30.3 |   30.9 |   31.0 |    26.2 |
| Construction      |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Technical Building Services     |   3.8 |    5.4 |    9.0 |   12.7 |    16.3 |
--------------------------------------------------------------------------------
| Building Products |      |      |   4.7 |    5.9 |    5.5 |    9.2 |    10.5 |
--------------------------------------------------------------------------------
| Other operations         |      | -56.0 |   -1.3 |  -58.3 |   -3.2 |    -3.3 |
--------------------------------------------------------------------------------
| Segments  |       |      |      | -12.2 |   54.8 |    8.7 |   83.8 |   119.4 |
| total     |       |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Reconciling items |      |      |   1.7 |   -1.2 |    2.3 |    1.9 |     3.8 |
--------------------------------------------------------------------------------
| Group total, IFRS |      |      | -10.5 |   53.6 |   11.0 |   85.7 |   123.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| NET SALES, QUARTERLY     |      |       |        |        |        |         |
--------------------------------------------------------------------------------
|           |       |      |      |  7-9/ |   4-6/ |   1-3/ | 10-12/ |    7-9/ |
--------------------------------------------------------------------------------
| EUR mill. |       |      |      |  2009 |   2009 |   2009 |   2008 |    2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building          |      |      | 174.7 |  233.4 |  198.7 |  426.9 |   207.8 |
| Construction      |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Infrastructure    |      |      | 310.5 |  228.3 |   71.9 |  222.3 |   346.6 |
| Construction      |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Technical Building       |      |  52.6 |   60.6 |   55.3 |   76.5 |    68.8 |
| Services                 |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Building Products |      |      |  42.6 |   37.8 |   18.6 |   34.2 |    51.0 |
--------------------------------------------------------------------------------
| Other operations  |      |      |   2.9 |    2.9 |    2.5 |    3.7 |     3.3 |
--------------------------------------------------------------------------------
| Group             |      |      |  -8.8 |  -14.9 |   -9.6 |  -17.2 |   -19.7 |
| eliminations      |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Segments  |       |      |      | 574.5 |  548.0 |  337.5 |  746.3 |   657.8 |
| total     |       |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Reconciling items |      |      | -11.3 |   -3.4 |   -0.6 |   -3.8 |    -9.3 |
--------------------------------------------------------------------------------
| Group total, IFRS |      |      | 563.2 |  544.6 |  336.9 |  742.5 |   648.5 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| OPERATING PROFIT/LOSS,          |       |        |        |        |         |
| QUARTERLY                       |       |        |        |        |         |
--------------------------------------------------------------------------------
|           |       |      |      |  7-9/ |   4-6/ |   1-3/ | 10-12/ |    7-9/ |
--------------------------------------------------------------------------------
| EUR mill. |       |      |      |  2009 |   2009 |   2009 |   2008 |    2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building          |      |      |   0.5 |   11.4 |    9.7 |   35.5 |    14.6 |
| Construction      |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Infrastructure    |      |      |  34.6 |   14.1 |  -17.8 |   -4.8 |    30.3 |
| Construction      |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Technical Building       |      |   3.8 |    2.6 |    2.5 |    3.7 |     5.4 |
| Services                 |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Building Products |      |      |   4.7 |    3.2 |   -2.5 |    1.2 |     5.9 |
--------------------------------------------------------------------------------
| Other operations         |      | -56.0 |   -2.1 |   -0.2 |   -0.1 |    -1.3 |
--------------------------------------------------------------------------------
| Segments  |       |      |      | -12.2 |   29.2 |   -8.3 |   35.6 |    54.8 |
| total     |       |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Reconciling items |      |      |   1.7 |    0.9 |   -0.4 |    1.9 |    -1.2 |
--------------------------------------------------------------------------------
| Group total, IFRS |      |      | -10.5 |   30.1 |   -8.6 |   37.5 |    53.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| ASSETS    |       |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR mill. |       |      |      |       | 9/2009 | 9/2008 |        | 12/2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building          |      |      |       |  395.2 |  586.4 |        |   467.5 |
| Construction      |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Infrastructure    |      |      |       |  367.2 |  394.4 |        |   294.5 |
| Construction      |      |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Technical Building       |      |       |   30.1 |   33.1 |        |    33.0 |
| Services                 |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Building Products |      |      |       |   51.9 |   57.4 |        |    46.3 |
--------------------------------------------------------------------------------
| Other operations  |      |      |       |   45.4 |   41.0 |        |    41.0 |
--------------------------------------------------------------------------------
| Segments  |       |      |      |       |  889.8 | 1,112. |        |   882.2 |
| total     |       |      |      |       |        |      3 |        |         |
--------------------------------------------------------------------------------
| Assets unallocated to    |      |       |        |        |        |         |
| segments                 |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| and Group eliminations,  |      |       |  415.2 |  380.2 |        |   531.1 |
| total                    |      |       |        |        |        |         |
--------------------------------------------------------------------------------
| Group total, IFRS |      |      |       | 1,305. | 1,492. |        | 1,413.3 |
|                   |      |      |       |      0 |      4 |        |         |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| 8) ECONOMIC TRENDS AND FINANCIAL INDICATORS        |       |       |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|                      |   |   |   |   |      9/2009 | 9/200 |       | 12/2008 |
|                      |   |   |   |   |             |     8 |       |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Return on equity, %      |   |   |   |        -7.7 |  15.5 |       |    19.2 |
--------------------------------------------------------------------------------
| Return on investment, %  |   |   |   |         3.1 |  11.0 |       |    17.7 |
--------------------------------------------------------------------------------
| Operating profit, % of net   |   |   |         0.8 |   4.9 |       |     5.0 |
| sales                        |   |   |             |       |       |         |
--------------------------------------------------------------------------------
| Equity ratio, %      |   |   |   |   |        24.6 |  24.4 |       |    26.2 |
--------------------------------------------------------------------------------
| Gearing, %           |   |   |   |   |       130.2 | 161.8 |       |    98.4 |
--------------------------------------------------------------------------------
| Interest-bearing net debt, EUR   |   |       387.5 | 543.4 |       |   336.4 |
| million                          |   |             |       |       |         |
--------------------------------------------------------------------------------
| Gross investments, EUR       |   |   |             |       |       |         |
| million                      |   |   |             |       |       |         |
--------------------------------------------------------------------------------
| (incl. leasing           |   |   |   |        32.4 |  49.2 |       |    60.2 |
| purchases)               |   |   |   |             |       |       |         |
--------------------------------------------------------------------------------
| Order book, EUR mill.    |   |   |   |     1,002.7 | 1,341 |       | 1,064.5 |
|                          |   |   |   |             |    .4 |       |         |
--------------------------------------------------------------------------------
| - of which foreign orders,   |   |   |       277.5 | 378.5 |       |   263.1 |
| EUR mill.                    |   |   |             |       |       |         |
--------------------------------------------------------------------------------
| Average number of employees  |   |   |       8,761 | 9,845 |       |   9,776 |
--------------------------------------------------------------------------------
| Employees at end of      |   |   |   |       9,010 | 10,36 |       |   8,910 |
| period                   |   |   |   |             |     4 |       |         |
--------------------------------------------------------------------------------
| Net sales, EUR mill.     |   |   |   |     1,444.8 | 1,739 |       | 2,481.8 |
|                          |   |   |   |             |    .3 |       |         |
--------------------------------------------------------------------------------
| - of which operations abroad,    |   |       402.4 | 485.2 |       |   676.7 |
| EUR mill.                        |   |             |       |       |         |
--------------------------------------------------------------------------------
| % of net sales       |   |   |   |   |        27.8 |  27.9 |       |    27.3 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| 9) SHARE-SPECIFIC         |      |        |        |       |       |         |
| INDICATORS                |      |        |        |       |       |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|                   |   |   |      |        | 9/2009 | 9/200 |       | 12/2008 |
|                   |   |   |      |        |        |     8 |       |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share,   |   |      |        |  -1.52 |  2.73 |       |    3.28 |
| EUR                   |   |      |        |        |       |       |         |
--------------------------------------------------------------------------------
| Equity per share, EUR |   |      |        |  16.10 | 18.26 |       |   18.45 |
--------------------------------------------------------------------------------
| Dividend per share,   |   |      |        |        |       |       |         |
| EUR                   |   |      |        |        |       |       |         |
--------------------------------------------------------------------------------
| Dividend to earnings      |      |        |        |       |       |         |
| ratio, %                  |      |        |        |       |       |         |
--------------------------------------------------------------------------------
| Market capitalisation,    |      |        |  451.1 | 320.0 |       |   222.1 |
| EUR mill.                 |      |        |        |       |       |         |
--------------------------------------------------------------------------------
| Share price at end of     |      |        |  26.50 | 18.80 |       |   13.05 |
| period, EUR               |      |        |        |       |       |         |
--------------------------------------------------------------------------------
| Trading volume during     |      |        |        |       |       |         |
| period,                   |      |        |        |       |       |         |
--------------------------------------------------------------------------------
| 1000 shares       |   |   |      |        |  1 238 | 2 667 |       |   3 185 |
--------------------------------------------------------------------------------
| Number of issued shares, 1000    |        | 17 021 |    17 |       |  17 021 |
| shares                           |        |        |   021 |       |         |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| 10) GUARANTEES AND CONTINGENT LIABILITIES |        |       |       |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR mill.                 |   |   |   |   | 9/2009 | 9/200 |       | 12/2008 |
|                           |   |   |   |   |        |     8 |       |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Securities for own commitments    |   |   |        |       |       |         |
--------------------------------------------------------------------------------
| Property mortgages            |   |   |   |   80.0 |   2.7 |       |     1.5 |
--------------------------------------------------------------------------------
| Business mortgages            |   |   |   |  378.8 |  94.9 |       |    40.6 |
--------------------------------------------------------------------------------
| Bonds pledged as security     |   |   |   |    0.4 |   1.0 |       |     0.3 |
--------------------------------------------------------------------------------
| Deposits                  |   |   |   |   |    0.1 |   0.1 |       |     0.2 |
--------------------------------------------------------------------------------
| Total                     |   |   |   |   |  459.3 |  98.6 |       |    42.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Business mortgages on behalf          |   |        |       |       |         |
--------------------------------------------------------------------------------
| of other Group companies              |   |  840.0 |   0.0 |       |     0.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Guarantees                |   |   |   |   |        |       |       |         |
--------------------------------------------------------------------------------
| On behalf of affiliated companies |   |   |    0.0 |   1.0 |       |    49.1 |
--------------------------------------------------------------------------------
| On behalf of others           |   |   |   |   37.9 |   9.2 |       |    19.9 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Minimum lease payments of irrevocable lease        |       |       |         |
| agreements                                         |       |       |         |
--------------------------------------------------------------------------------
| One year or less          |   |   |   |   |   12.2 |  18.1 |       |     9.9 |
--------------------------------------------------------------------------------
| Over one year but no more     |   |   |   |        |       |       |         |
--------------------------------------------------------------------------------
| than five years           |   |   |   |   |    0.0 |  48.5 |       |    26.6 |
--------------------------------------------------------------------------------
| Over five years           |   |   |   |   |   20.8 |  21.4 |       |    18.9 |
--------------------------------------------------------------------------------
| Total                     |   |   |   |   |   58.0 |  88.0 |       |    55.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Purchase commitments of investments   |   |    8.1 |  13.8 |       |    13.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Derivative contracts          |   |   |   |        |       |       |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Forward foreign exchange          |   |   |        |       |       |         |
| contracts                         |   |   |        |       |       |         |
--------------------------------------------------------------------------------
| Nominal value             |   |   |   |   |   40.6 |  84.8 |       |    81.2 |
--------------------------------------------------------------------------------
| Fair value                |   |   |   |   |   -0.8 |   0.6 |       |     5.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Currency options, calls purchased |   |   |        |       |       |         |
--------------------------------------------------------------------------------
| Nominal value             |   |   |   |   |    2.0 |   0.0 |       |     0.0 |
--------------------------------------------------------------------------------
| Fair value                |   |   |   |   |    0.2 |   0.0 |       |     0.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Currency options, puts written    |   |   |        |       |       |         |
--------------------------------------------------------------------------------
| Nominal value             |   |   |   |   |    2.0 |   0.0 |       |     0.0 |
--------------------------------------------------------------------------------
| Fair value                |   |   |   |   |    0.0 |   0.0 |       |     0.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest rate options, calls          |   |        |       |       |         |
| purchased                             |   |        |       |       |         |
--------------------------------------------------------------------------------
| Nominal value             |   |   |   |   |    0.8 |   2.5 |       |     1.4 |
--------------------------------------------------------------------------------
| Fair value                |   |   |   |   |    0.0 |   0.0 |       |     0.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest rate options, puts       |   |   |        |       |       |         |
| written                           |   |   |        |       |       |         |
--------------------------------------------------------------------------------
| Nominal value             |   |   |   |   |    0.8 |   2.5 |       |     1.4 |
--------------------------------------------------------------------------------
| Fair value                |   |   |   |   |    0.0 |   0.0 |       |     0.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest rate swap contracts  |   |   |   |        |       |       |         |
--------------------------------------------------------------------------------
| Nominal value             |   |   |   |   |   65.3 |  77.6 |       |    71.9 |
--------------------------------------------------------------------------------
| Fair value                |   |   |   |   |   -3.8 |   0.3 |       |    -2.7 |
--------------------------------------------------------------------------------


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.                      

11) LEGAL PROCEEDINGS                                                           

On 30 September 2009 the Supreme Administrative Court (SAC) ordered a number of 
Finnish asphalt industry companies to pay an infringement fine of EUR 82.55     
million, of which Lemminkäinen is to pay EUR 68 million. The decision settled   
finally the Finnish Competition Authority's claim made in 2004 for the          
imposition of a fine concerning violations of the Act on Competition            
Restrictions on seven companies operating in the asphalt industry during the    
period 1994-2002. The Finnish Competition Authority originally proposed that a  
total competition infringement fine of EUR 97 million should be imposed on the  
asphalt companies and the Finnish Asphalt Association, of which Lemminkäinen was
to pay EUR 68 million. In December 2007 the Market Court dismissed the          
Competition Authority's motion for the most part and ordered the asphalt        
companies to pay an infringement fine of EUR 19.4 million, of which Lemminkäinen
was to pay EUR 14 million.                                                      

The difference between the infringement fine of EUR 68 million ordered by the   
SAC and the infringement fine of EUR 14 million ordered by the Market Court (EUR
54 million) was expensed in the third quarter of 2009. The infringement fine of 
EUR 14 million ordered by the Market Court was expensed in the fourth quarter of
2007.                                                                           

Certain municipalities have announced in statements of claim submitted to the   
District Court of Helsinki that they will claim for damages from Lemminkäinen   
and other asphalt companies if the SAC finds that the asphalt companies have    
acted in breach of competition legislation within their municipal boundaries.   
The claims presented in the statements of claim differ from each other as       
regards their amounts and grounds. In addition, the Finnish Road Administration 
has claimed, in connection with work carried out for the Finnish State, at most 
EUR 10.5 million from Lemminkäinen and at most EUR 5.6 million jointly and      
severally with other asphalt companies. The decision rendered by the SAC will   
probably initiate the consideration of claims for damages in the District Court 
of Helsinki to the extent that the Finnish Road Administration and the          
municipalities regard that the decision of the SAC warrants such action.        

Lemminkäinen initially considers the claims presented by the municipalities and 
the Finnish Road Administration as unfounded. Furthermore, the decision rendered
by the SAC does not concern individual contracts or their pricing. Claims for   
damages will be considered separately before the District Court of Helsinki and 
heard in the order determined by the court.                                     

No provision for future expense has been made in respect of the statements of   
claims submitted so far by the municipalities and the Finnish Road              
Administration.