Lassila & Tikanoja Oyj

Regulatory Filings • Jun 22, 2010

REORGANISATION OF THE BUSINESS OF LUBRICATING OIL RE-REFINING TO CONTINUE UNTIL AUTUMN

REORGANISATION OF THE BUSINESS OF LUBRICATING OIL RE-REFINING TO CONTINUE UNTIL AUTUMN

LASSILA & TIKANOJA PLC STOCK EXCHANGE RELEASE 22 June 2010 9.30 am

REORGANISATION OF THE BUSINESS OF LUBRICATING OIL RE-REFINING TO CONTINUE UNTIL
AUTUMN

On 29 April 2010, Lassila & Tikanoja plc announced that Lassila & Tikanoja and
EcoStream Oy have signed a preliminary agreement on a business arrangement based
on which Lassila & Tikanoja will sell its 50 percent holding in the joint
venture L&T Recoil Oy to EcoStream, a co-owner.

The time given to the transaction related to the preliminary agreement has been
extended. The transaction is intended to be completed by the end of September
2010, on condition that, among others, the financing and the share issue needed
by EcoStream for the transaction will be completed.

LASSILA & TIKANOJA PLC

Jari Sarjo
President and CEO

For additional information, please contact Jari Sarjo, President and CEO, tel.
+358 10 636 2810 or 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 8,700 persons. Net sales in 2009 amounted to EUR
582 million. L&T is listed on NASDAQ OMX Helsinki.

Distribution:
NASDAQ OMX Helsinki
Major media
www.lassila-tikanoja.com