Lemminkäinen sells shopping mall to a fund managed by Tapiola Real Estate Ltd

LEMMINKÄINEN CORPORATION	PRESS RELEASE 	3.5.2010, 9.00

LEMMINKÄINEN SELLS SHOPPING MALL TO A FUND MANAGED BY TAPIOLA REAL ESTATE LTD

On 30 April 2010 the Family Center shopping mall located in Lappeenranta, in
South-Eastern Finland, was sold to Tapiola KR I Ky, a fund managed by Tapiola
Real Estate Ltd. The parties have agreed that the transaction price will not be
disclosed. 

The property in question, Kiinteistö Oy Eteläkatu 1, is a 13,000 m² shopping
mall. It was completed in autumn 2009. Altogether there are 18 tenants, the
principal tenant being the Kodin Ykkönen retail chain. 

"Selling properties to investors releases working capital and enables us to
develop new sites. This transaction is a continuation of the excellent
partnership that Lemminkäinen has enjoyed with Tapiola Real Estate Ltd,"
comments Vesa Lipsanen, Managing Director of Lemminkäinen Talo Oy's
South-Eastern region. 

"The superb location, diversity and attractiveness of the aptly named Family
Center shopping mall made it an excellent fit for the fund's investment
criteria", says Vesa Eskoli, Head of Real Estate Investment with Tapiola Real
Estate Ltd. 

LEMMINKÄINEN CORPORATION
Corporate Communications

ADDITIONAL INFORMATION:

Vesa Lipsanen
Managing Director
Lemminkäinen Talo Oy Kaakkois-Suomi
Tel. +358 40 547 1623

Vesa Eskoli
Head of Real Estate Investment
Tapiola Real Estate Ltd
Tel. +358 40 703 0551

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 

Tapiola Real Estate Ltd is wholly owned subsidiary of the Tapiola Insurance
Group. The company is engaged in private equity fund management and relating
guidance and consultancy. The value of the real estate portfolio under its
management at the end of 2009 was approx. EUR 2.3 billion. The company's real
estate portfolio includes office, commercial, logistics, hotel and residential
properties. The total leasable floor area is approx. 1.1 million m², most of
which is located in office and commercial buildings. Finnish-language website:
www.kiinteistotapiola.fi 

Tapiola KR I Ky is a core fund limited partnership that invests in office,
commercial and logistics properties. The fund's target size is EUR 300 million.