Lemminkäinen Corporation's directed share issues to institutional investors and to the minority shareholders of subsidiaries

LEMMINKÄINEN CORPORATION STOCK EXCHANGE BULLETIN 17.3.2010, 9.45 LEMMINKÄINEN CORPORATION'S DIRECTED SHARE ISSUES TO INSTITUTIONAL INVESTORS AND TO THE MINORITY SHAREHOLDERS OF SUBSIDIARIES Not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States, Australia, Canada, Japan or South Africa. The Board of Directors of Lemminkäinen Corporation (hereinafter "Lemminkäinen" or "Company") has decided on 17 March 2010 on two separate sh

LEMMINKÄINEN CORPORATION	STOCK EXCHANGE BULLETIN 	17.3.2010, 9.45


LEMMINKÄINEN CORPORATION'S DIRECTED SHARE ISSUES TO INSTITUTIONAL INVESTORS AND
TO THE MINORITY SHAREHOLDERS OF SUBSIDIARIES 

Not for release, publication or distribution, directly or indirectly, in whole
or in part, in or into the United States, Australia, Canada, Japan or South
Africa. 

The Board of Directors of Lemminkäinen Corporation (hereinafter "Lemminkäinen"
or "Company") has decided on 17 March 2010 on two separate share issues so that
the total number of new shares to be issued is 2,623,514 shares, representing
about 13.35 per cent of all the issued and outstanding shares in the Company
after the share issues. The subscription price of the shares is EUR 23.25 per
share. The new shares will be recorded in the Trade Register and will be
eligible for public trading on NASDAQ OMX Helsinki Ltd ("Helsinki Stock
Exchange") on or about 23 March 2010. The main terms of the share issues are
described below. 

Directed share issue to institutional investors 

The Company offers, in derogation of the shareholders' pre-emptive subscription
right, a maximum of 1,700,000 new shares in the Company for subscription by
institutional investors approved by the Board of Directors ("Institutional
Issue"). The share issue is being made to support the Company's strategy and to
strengthen the Company's balance sheet and financial position. In addition the
share issue facilitates an expansion in the Company's ownership base, which
promotes the liquidity of the Company's share. The decision to issue new shares
is based on the authorisation given at the Extraordinary General Meeting held
on 12 November 2009. 

The subscription price of the new shares is EUR 23.25 per share. The
subscription price of the shares is based on recent share price development and
the price level dictated by demand from investors. The Company will receive a
total of EUR 39,525,000 from the Institutional Issue and the full amount will
be booked to the invested unrestricted equity reserve. All the shares offered
in the Institutional Issue have been subscribed. 

The new shares issued in connection with the Institutional Issue will confer
shareholder rights after they have been recorded in the Trade Registry. The new
shares will be recorded in the book-entry accounts of the subscribers and a
public listing for the shares on NASDAQ OMX Helsinki Ltd will be sought when
the shares are recorded in the Trade Register on or about 23 March 2010. 

Directed share issue to the minority shareholders of Lemminkäinen Corporation's
subsidiaries Tekmanni Oy and Lemminkäinen Talo Oy 

The Board of Directors has also decided on a share issue in which the Company
offers, in derogation of the shareholders' pre-emptive subscription right, a
maximum of 923,514 new shares in the Company for subscription against receipt
of consideration in the form of shares by the minority shareholders of
Lemminkäinen Corporation's subsidiaries Tekmanni Oy and Lemminkäinen Talo Oy
("Share Exchange"). The Share Exchange is part of the streamlining of
Lemminkäinen Group's ownership structure. The Group's ownership structure is
being streamlined through share exchanges so that the minority shareholders
relinquish their shareholdings in the subsidiaries of Tekmanni Oy and
Lemminkäinen Talo Oy firstly in return for shares in Tekmanni Oy and
Lemminkäinen Talo Oy, which will be immediately exchanged for shares in
Lemminkäinen Corporation. The decision to issue new shares in Lemminkäinen
Corporation is based on the authorisation given at the Extraordinary General
Meeting held on 12 November 2009. 

The share subscription price in Lemminkäinen's directed issue to the minority
shareholders of the Company's subsidiaries is EUR 23.25, which is the same as
in the Institutional Issue. The subscription price will be booked in full to
the Company's invested unrestricted equity reserve. All the shares offered in
the Share Exchange have been subscribed. 

The new shares issued in connection with the Share Exchange will confer
shareholder rights after they have been recorded in the Trade Registry. The new
shares will be recorded in the book-entry accounts of the subscribers and their
admission to the main list of NASDAQ OMX Helsinki Ltd will be sought when the
shares are recorded in the Trade Register on or about 23 March 2010. 

81,339 shares issued in connection with the Share Exchange are subject to a
disposal restriction which will end at the latest in connection with the
confirmation of the financial statements for the 2012 accounting period of
certain subsidiaries of the Company. If certain financial criteria pertaining
to certain subsidiaries of the Company are not fulfilled, at most 81,339 shares
issued in connection with the Share Exchange will be returned to the Company in
2013 at the latest. 

As a consequence of the share issues the total number of shares in the Company
will rise from 17,021,250 shares at present to 19,644,764 shares. 

Aventum Ltd is acting as the Company's financial advisor and manager of the
Institutional Issue 

Helsinki, 17 March 2010

LEMMINKÄINEN CORPORATION

Timo Kohtamäki
President & CEO

ADDITIONAL INFORMATION 
Timo Kohtamäki, President & CEO, tel. +358 2071 53263
Robert Öhman, CFO, tel. +358 2071 53515


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

Lemminkäinen Group operates in all areas of the construction sector. The
Group's business sectors are Building Construction, Infrastructure
Construction, Technical Building Services, and Building Products. Net sales in
2009 were approx. EUR 2.0 billion, of which international operations accounted
for about one fifth. The Group employs about 8,600 people. Lemminkäinen
Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com 


DISCLAIMER:

The information herein may not be distributed or sent into the United States,
Australia, Canada, Japan or South Africa. The information contained herein
shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of the securities referred to herein in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration, exemption from registration or qualification under the
securities laws of any such jurisdiction. 

The information contained herein does not constitute an offer of securities for
sale in the United States. The securities referenced in this release may not be
offered or sold in the United States absent registration or an exemption from
registration as provided in the United States Securities Act of 1933, as
amended, and the rules and regulations thereunder. Lemminkäinen Corporation
does not intend to register any portion of the placement in the United States
or to conduct a public offering of any securities in the United States. 

This communication does not constitute an offer of securities to the public in
the United Kingdom. This communication is directed only at (i) persons who are
outside the United Kingdom, (ii) persons who have professional experience in
matters relating to investments falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FP Order")
and (iii) high net worth entities falling within Article 49(2) of the FP Order,
and other persons to whom it may lawfully be communicated, (all such persons
together being referred to as "relevant persons"). Any investment activity to
which this communication relates will only be available to, and will only be
engaged with, relevant persons. Any person who is not a relevant person should
not act or rely on this document or any of its contents. 

Aventum Ltd is acting exclusively for Lemminkäinen Corporation and no-one else
in connection with the placing, and will not regard any other person (whether
or not a recipient of this release) as their respective and will not be
responsible to anyone other than Lemminkäinen Corporation for providing the
protections afforded to their respective clients, nor for giving advice in
relation to the placing or any transaction or arrangement referred to herein.
No representation or warranty, express or implied, is made by Aventum as to the
accuracy, completeness or verification of the information set forth in this
release.