Atria Oyj

Management Reports • Jan 22, 2010

Disclosure 275270

Atria Oyj - Company Announcement

Atria Baltic records impairment losses for fixed assets and goodwill

ATRIA PLC COMPANY ANNOUNCEMENT 22 January 2010, 8:00 am Atria Baltic records impairment losses for fixed assets and goodwill Atria is launching an efficiency improvement programme in Estonia, seeking to achieve annual savings of approximately EUR 1 million in its cost structure. In order to achieve the savings, Atria is closing the Ahja plant and centralising the production to the Valga and Vastse-Kuuste production plants. Approximately 40 employees will be laid off from the Ahja plant. As a result of the goodwill impairment testing and the closing of the Ahja plant, the company's Board of Directors has decided to record impairments of EUR 5.8 million in total: EUR 3.0 million pertaining to goodwill, EUR 0.8 million to trademarks, and EUR 2.0 million to buildings and machinery. In addition, the Board of Directors has decided to reduce the book value of the company's estate in Lithuania by EUR 1.4 million. The impairments will have no effects on the cash flow, and they will be recorded in the performance of the year 2009 as a non-recurrent item. For more information, please contact Mr Juha Gröhn, Executive Vice President, Atria Finland and Baltic, tel. +358 400 684 224. ATRIA PLC Matti Tikkakoski President and CEO DISTRIBUTION: Nasdaq OMX Helsinki Oy Principal media www.atria.fi