Lassila & Tikanoja Oyj

Management Reports • Dec 1, 2009

Disclosure 274314

Lassila & Tikanoja - Company Announcement

LASSILA & TIKANOJA CONTINUES TO IMPROVE EFFICIENCY

LASSILA & TIKANOJA PLC Stock exchange announcement 1 December 2009 11.30 am LASSILA & TIKANOJA CONTINUES TO IMPROVE EFFICIENCY Lassila & Tikanoja will start statutory employer-employee negotiations in order to improve efficiency and adapt its business operations to meet current and future market situation. The focal points of the negotiations are the reduction of fixed costs and more efficient working practices. With these actions L&T aims at maintaining its competitiveness also in the future. The negotiations concern white-collar employees in Finland. They do not concern the personnel of the jointly owned companies (L&T Biowatti, L&T Recoil, L&T Muoviportti). According to present assessments, potential measures may involve 120 persons. The measures are expected to be implemented during the year 2010. LASSILA & TIKANOJA PLC Jari Sarjo President and CEO For additional information please contact Ville Rantala, CFO, tel. +358 50 385 1442 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 9,100 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