Nurminen Logistics Plc Stock Exchange Release 10 October 2008 at 12.15 pm Nurminen Logistics Plc sells the Nurminen Care business unit to Sentica Partners and updates its outlook due to the transaction Nurminen Logistics Plc and the minority shareholders have today signed an agreement to sell the Nurminen Care business unit to a fund managed by private equity investor Sentica Partners Oy. The object of the transaction is the entire share capital of Helsingin Ensihoito- ja Sairaankuljetus Oy, of which Nurminen Logistics Plc owns 62 percent. The sale price of the entire share capital is approximately EUR 7.8 million and the divestment is expected to generate sales profit of EUR 0.3 million in the accounts of Nurminen Logistics Group. The sale price is paid in cash. When necessary, the final sale price is adjusted based on the amount of net debt on Helsingin Ensihoito- ja Sairaankuljetus Oy's consolidated balance sheet at the end of October. The vendors will give EUR 1 million interest-bearing vendor note to the buyer. Nurminen Logistics Plc's share of the loan is EUR 650 thousand. The transaction is assumed to be closed by the end of October. The Nurminen Care accounted for about 10 % of Nurminen Logistics Plc's January-June 2008 consolidated net sales. Nurminen Care is Finland's biggest private provider of emergency and non-emergency medical transport. It consists of nine local companies around Finland. The group has 250 employees. Nurminen Logistics Plc divests is ambulance operator services in order to be able to focus on logistics and closely related operations as stated in its published strategy. The company is looking for strong growth in the Baltic Sea region, Russia and other CIS countries. - HES Group fits the investment strategy of Sentica Partners´ healthcare fund: the company has a strong position in the Finnish market and interesting growth opportunities in the structural change process in the medical transport sector, comments Christer Niemi, Healthcare team director of Sentica Partners. - The divestment of Nurminen Care business unit supports Nurminen Logistics' business strategy. We are pleased that the new owner is ready to invest in this growing market, says Lasse Paitsola, President and CEO of Nurminen Logistics. Nurminen Logistics Plc updates its outlook due to the transaction The management of Nurminen Logistics has earlier announced that it expects the organic growth to exceed 10% of net sales, and the company's operating margin to improve compared to 2007 carve-out financial information of Nurminen Logistics. Due to the sale of Nurminen Care business unit the outlook is updated so that the growth of net sales is 5-10% and the company's operating margin will improve compared to 2007 carve-out financial information of Nurminen Logistics. The transaction will decrease Nurminen Logistics' interest-bearing net debt approximately by EUR 8.3 million. NURMINEN LOGISTICS PLC Lasse Paitsola President and CEO Further information: Mr Lasse Paitsola, President and CEO Tel. +358 400 405 801 DISTRIBUTION OMX Nordic Exchange Helsinki Major Media www.nurminenlogistics.com Nurminen Logistics Plc Nurminen Logistics provides high-quality logistics services, such as railway transports, terminal services, forwarding and special and heavy transports. The company has collected logistics know-how from three centuries, starting in 1886. Nurminen Logistics' main market areas are Finland, the Baltic Sea region, Russia and other CIS countries. The company's share is listed on NASDAQ OMX Helsinki. Sentica Partners Oy Sentica Partners is a Finnish private equity investor that focuses on acquiring and developing medium-sized and small companies. Sentica manages assets to generate attractive financial returns for its investors by combining solid industrial know-how with sound financial expertise. Sentica actively promotes the growth and development of portfolio companies by offering them its specialist network of expertise and other resources. The funds under Sentica's management amount to some EUR 160 million. The company's operations are structured into three teams: Buyout, Small cap and Healthcare. Sentica has offices in Finland in the cities of Helsinki, Tampere and Kuopio. The company employs 20 private equity investment experts. www.sentica.fi
Nurminen Logistics Plc sells the Nurminen Care business unit to Sentica Partners and updates its outlook due to the transaction
| Source: Nurminen Logistics Oyj