Lassila & Tikanoja Oyj

Board/Management Information • Feb 23, 2009

Disclosure 267396

Lassila & Tikanoja - Company Announcement

LASSILA & TIKANOJA CONCLUDED PERSONNEL NEGOTIATIONS

LASSILA & TIKANOJA PLC COMPANY ANNOUNCEMENT 23 FEBRUARY 2009 11.00 am LASSILA & TIKANOJA CONCLUDED PERSONNEL NEGOTIATIONS Lassila & Tikanoja has concluded employer-employee negotiations under the Act on Co-Determination within Undertakings that began in Finland on 29 December 2008. As a result of these negotiations, the reduction notice applies to 160 persons. The reductions form part of the measures currently undertaken in order to adjust the organisation and business activities to changes in the market situation. The actual number of redundancies is expected to be smaller than the figure given above, as some of the persons concerned may be assigned different tasks within L&T. L&T's adjustment strategy comprises both immediate and long-term measures, the latter including structural changes. The focal point of the adjustments is the reduction of fixed costs. Therefore, the reduction concerns white-collar employees in a higher proportion than manual staff. The staff adjustments will be implemented in their entirety during 2009 and affect all operations in Finland. Altogether, L&T employs ca. 7,300 people in Finland. Employees affected by the reduction are being supported by L&T in various ways. New tasks within the company are actively being sought for persons concerned. Additional support is being provided in the form of relocations and job-seeking training. LASSILA & TIKANOJA PLC Jari Sarjo President and CEO For additional information please contact Mr. Jari Sarjo, President and CEO, tel. +358 10 636 2810. Lassila & Tikanoja specialises in environmental management and property and plant support services and is a leading supplier of wood-based biofuels, recovered fuels and recycled raw materials. With operations in Finland, Sweden, Latvia and Russia L&T employs 9,500 persons. Net sales in 2008 amounted to EUR 606 million. L&T is listed on NASDAQ OMX Helsinki. Distribution: NASDAQ OMX Helsinki Major media www.lassila-tikanoja.com