Lassila & Tikanoja Oyj

Share Issue/Capital Change • Dec 3, 2008

Disclosure 264883

Lassila & Tikanoja - Corporate Action

LASSILA & TIKANOJA: SHARE SUBSCRIPTION SCHEDULE FOR 2009

In 2009, the increases in the share capital on the basis of the subscriptions made pursuant to Lassila & Tikanoja share options will be carried out as follows: -------------------------------------------------------------------------------- | Share subscription | Entry in the Trade | New shares listed | | deadline | Register | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | 29 January | 19 February | 20 February | -------------------------------------------------------------------------------- | 29 May | 11 June | 12 June | -------------------------------------------------------------------------------- | 20 July | 10 August | 11 August | -------------------------------------------------------------------------------- | 20 October | 5 November | 6 November | -------------------------------------------------------------------------------- Pursuant to the outstanding 2005A share options 147,500 shares can be subscribed for. The subscription price is EUR 14.22. The subscription period ends on 29 May 2009. Pursuant to the outstanding 2005B share options 176,000 shares can be subscribed for. The subscription price is EUR 16.98. The subscription period ends on 31 May 2010. The shares shall be subscribed at Evli Bank plc. The shares subscribed for pursuant to the share options will entitle their holder to dividends and other rights conferred by the shares after the increase of the share capital has been registered in the Trade Register. LASSILA & TIKANOJA PLC Sirkka Tuomola Vice President and CFO Lassila & Tikanoja specialises in environmental management and property and plant support services. L&T is a leading supplier of wood-based biofuels, recovered fuels and recycled raw materials. With operations in Finland, Sweden, Latvia, Russia and Norway, L&T employs 9,500 persons. Net sales in 2007 amounted to 555 million euro. Distribution: NASDAQ OMX Helsinki Major media www.lassila-tikanoja.com