Legal proceedings concerning damages related to the asphalt cartel: Lemminkäinen to receive reimbursement approx. EUR 14 million in capital

LEMMINKÄINEN CORPORATION   STOCK EXCHANGE RELEASE 20 OCTOBER 2016 AT 9:50 A.M.

LEGAL PROCEEDINGS CONCERNING DAMAGES RELATED TO THE ASPHALT CARTEL: LEMMINKÄINEN
TO RECEIVE REIMBURSEMENT APPROX. EUR 14 MILLION IN CAPITAL

On 20 October 2016, the Helsinki Court of Appeal gave its decisions concerning
the damages related to the asphalt cartel.

Of those 25 claims, where Lemminkäinen was the only defendant, the Court of
Appeal ordered Lemminkäinen to pay 18 claimants damages approximately EUR 6
million in capital, which is approximately EUR 9 million less than the District
Court had ordered.

As regards the 12 other claims, where Lemminkäinen and other asphalt industry
companies were defendants, the Court of Appeal ordered the defendants to pay 8
claimants damages approximately EUR 14 million in capital, which is
approximately EUR 5 million less than the District Court had ordered. In these
claims, Lemminkäinen's liability to pay is partly joint and several together
with other defendants.

Contrary to the decisions of the District Court, the claims of the State of
Finland and one municipality were partly accepted. These decisions are included
in the figures above.

The defendants were ordered to pay interest and legal expenses approximately EUR
3-7 million less than the District Court had ordered. Lemminkäinen's liability
to pay is partly joint and several together with other defendants.

Lemminkäinen will later specify the amount of the total reimbursement which it
is entitled to receive (capital, interest and legal expenses) based on the
decisions of the Court of Appeal. Lemminkäinen will record the reimbursement as
income in its fourth-quarter result.

"We are satisfied with the decisions of the Court of Appeal to the extent our
appeals were accepted. Our daily operations will continue as planned, focusing
on step by step improving our operational result and competitiveness in all our
operations," says Casimir Lindholm, President and CEO of Lemminkäinen.

Lemminkäinen has as such deemed the claims for damages unfounded. Lemminkäinen
will carefully study the decisions of the Court of Appeal. After this, the
company will decide whether there are grounds for requesting leave of appeal
from the Supreme Court. Lemminkäinen has 60 days to make such a request to the
Supreme Court. The company will announce its decision separately once it has
been made.

Background

In 2009 the Supreme Administrative Court ordered seven Finnish asphalt industry
companies (Lemminkäinen, Valtatie, Skanska Asfaltti, NCC/ Interasfaltti, Rudus
Asfaltti, SA-Capital and Super Asfaltti) to pay an infringement fine due to
violations of competition legislation during the years 1994-2002. The
infringement fine imposed on Lemminkäinen was EUR 68 million.

On 28 November 2013, the District Court of Helsinki issued its decisions
concerning damages related to the asphalt cartel. In line with the decisions,
Lemminkäinen recorded approximately EUR 66 million in expenses in its 2013
result. Of this, approximately EUR 60 million consisted of damages ordered to be
paid only by Lemminkäinen, Lemminkäinen's share of the damages ordered to be
paid jointly and severally by Lemminkäinen and other asphalt industry companies,
as well as interest and legal expenses related to the damages. This amount was
paid by the company in January 2014.

Lemminkäinen appealed to the Helsinki Court of Appeal against all 35 decisions
in which the plaintiffs' claims were partly accepted. In Lemminkäinen's opinion,
there were some judicial aspects in the decisions of the District Court, where
the conclusions of the District Court differed from previous legal praxis. Such
judicial aspects were related, among other things, to questions regarding
limitation periods and value added tax.

The Finnish state and 22 municipalities also lodged their appeals to the
Helsinki Court of Appeal.

In addition to the claims, which the Court of Appeal now decided upon, 21 claims
for damages are pending before the District Court of Helsinki. The capital
amount of these claims is approximately EUR 26 million.

LEMMINKÄINEN CORPORATION
Corporate Communications

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

DISTRIBUTION:
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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