Lassila & Tikanoja Oyj

Major Shareholding Notification • May 21, 2008

Disclosure 258976

Lassila & Tikanoja - Major shareholder announcements

ANNOUNCEMENT PURSUANT TO CHAPTER 2 SECTION 10 OF THE SECURITIES MARKETS ACT; ILMARINEN'S HOLDING EXCEEDS 10%

LASSILA & TIKANOJA PLC MAJOR SHAREHOLDERS ANNOUNCEMENT 21 MAY 2008 9.00 am Lassila & Tikanoja plc has received an announcement pursuant to section 9, chapter 2, of the Securities Markets Act from Ilmarinen Mutual Pension Insurance Company, announcing that its holding of the shares and votes in Lassila & Tikanoja plc has exceeded the threshold of 10%. Issuer of shares and its business ID: Lassila & Tikanoja plc, 1680140-0 Complete name and business ID of the shareholder: Ilmarinen Mutual Pension Insurance Company, 0107638-1 Date of exceeding the threshold: 20 May 2008 Current holding of Ilmarinen Mutual Pension Insurance Company: Number of Lassila & Tikanoja plc shares 4,152,700 Percentage of shares and votes 10.70% The registered number of the Lassila & Tikanoja plc shares is 38,796,874 shares, which entitle to a total of 38,796,874 votes. LASSILA & TIKANOJA PLC Sirkka Tuomola Vice President and CFO For additional information please contact Sirkka Tuomola, Vice President and CFO, tel. +358 10 636 2883. Distribution OMX Nordic Exchange Helsinki Major media www.lassila-tikanoja.com