Trainers´ House Oyj

Regulatory Filings • Mar 29, 2010

Disclosure 277410

Trainer's House Oyj - Company Announcement

TRAINERS' HOUSE STARTS CODETERMINATION NEGOTIATIONS

TRAINERS' HOUSE PLC STOCK EXCHANGE RELEASE 29 MARCH 2010 AT 7:30 Trainers' House starts codetermination negotiations concerning its business unit in Tampere as well as group administration functions in order to adjust its business operations and the costs of its administration functions to correspond to the current demand and the current scope of the group's operations. Trainers' House's Tampere business unit currently employs 19 persons. The unit is focused on producing digital marketing services, and its operations have been significantly loss making. The need for cost savings within the group's administration functions is especially due to the fact that the scope of the group's business operations has diminished. Other business units of the group are not included in the scope of the codetermination negotiations. Trainers' House aims at cost savings of approximately EUR 1,5 million on an annual level. The savings in the administration functions and the reorganization of the business operations may preliminarily lead to a possible reduction of a maximum of 25 persons. The aim of the codetermination negotiations is to find alternative solutions to possible layoffs, to seek alternative sources of cost savings and to explore other alternatives which could reduce the amount of the possible personnel reductions and to minimize the consequences of the impact on personnel. Trainers' House will publish its interim report for January - March 2010 on 22 April 2010 at 8:30. FURTHER INFORMATION Aarne Aktan, Chairman of the Board, tel +358 40 774 0204