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2016-11-09

Lemminkäinen: Lemminkäinen lowers the provision related to the asphalt cartel damages and simultaneously records write-downs in the fourth quarter result

LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE DAY MONTH 2016 AT 9:20 A.M.

LEMMINKÄINEN LOWERS THE PROVISION RELATED TO THE ASPHALT CARTEL
DAMAGES AND SIMULTANEOUSLY RECORDS WRITE-DOWNS IN THE FOURTH QUARTER
RESULT

Lemminkäinen lowers the provisions related to the asphalt cartel
damages and simultaneously records write-downs related to non-core
businesses in its fourth quarter result. These items will have a EUR
3.4 million positive impact on the fourth quarter operating profit.

On 20 October 2016, the Helsinki Court of Appeal gave its decisions in
the legal proceedings concerning the damages related to the asphalt
cartel. In addition to these claims, Lemminkäinen has been served
summons regarding 21 claims for damages. For these claims,
Lemminkäinen had earlier made a provision based on the District
Court's decisions. The capital amount of these claims is
approximately EUR 26 million and based on the Helsinki Court of
Appeal's decisions given in October 2016 Lemminkäinen lowers the
provision by EUR 8.3 million, from EUR 13.4 million to EUR 5.1
million.

Lemminkäinen will record write-downs related to non-core businesses in
the fourth quarter worth EUR 4.9 million. These write-downs are
related to the impaired value of Lemminkäinen's only plot in Russia
as well as the divestments of the Lemcon Networks businesses in 2013
and 2014 from which the company has doubtful receivables.

These items do not have an impact on Lemminkäinen's guidance for 2016.

LEMMINKÄINEN CORPORATION
Corporate Communications

ADDITIONAL INFORMATION:
Casimir Lindholm, President and CEO
Tel. +358 2071 53304
casimir.lindholm@lemminkainen.com

Ilkka Salonen, CFO
Tel. +358 2071 53304
ilkka.salonen@lemminkainen.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
Key media
www.lemminkainen.com

Lemminkäinen is an expert in complex infrastructure construction and
building construction in Northern Europe and one of the largest
paving companies in its market. Together with our customers and 4,800
professionals we employ, we build a sustainable society. In 2015, our
net sales were EUR 1.9 billion. Lemminkäinen Corporation's share is
quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com

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