Wulff-Yhtiöt Oyj — Earnings Release 2011

Jul 15, 2011

Wulff adjusts its profit estimate and publishes preliminary key figures for January - June 2011

Wulff adjusts its profit estimate and publishes preliminary key figures for January - June 2011

Financial performance better than forecast

WULFF GROUP PLC

STOCK EXCHANGE RELEASE July 15, 2011 at 10.00 A.M.

WULFF ADJUSTS ITS PROFIT ESTIMATE AND PUBLISHES PRELIMINARY KEY FIGURES FOR
JANUARY - JUNE 2011

Financial performance better than forecast

Wulff Group Plc adjusts the financial estimate 2011 published in its interim
report for January-March 2011. In its first interim report 2011, Wulff informed
that the Group has good opportunities to reach an operating result better than
in 2010 as long as the markets continue improving also in 2011 as has been
experienced since the last quarter 2010.

The markets have continued improving in the first half of 2011. In January-June
2011, the Group's net sales continued increasing up to a total of 50 million
euros (46 million euros in 1-6/2010) and the preliminary operating profit is
0.5 million euros, which is 1 million euros better than in the first half of
2010 (an operating loss of 0.5 million). The positive financial development
results from the increased demand for Wulff's products and the cost-efficiency
improvement initiatives managed successfully.

Wulff adjusts its full-year estimate: the Group's 12-month net sales in 2011
are expected to increase from the level of 2010 and the operating profit
excluding non-recurring items will be better than in 2010. In the financial
year 2010, the operating profit excluding the one-off impairment totalled 0.4
million euros.

As announced previously, Wulff publishes its interim report for January-June
2011 on Wednesday
August 10, 2011.

In Vantaa on July 15, 2011.

WULFF GROUP PLC

Further information:

CEO Heikki Vienola
tel. +358 9 5259 0050 or mobile: +358 50 65 110
e-mail: heikki.vienola@wulff.fi

DISTRIBUTION
NASDAQ OMX Helsinki Oy
Key media
www.wulff-group.com

Wulff Group Plc is a growing and increasingly international listed company and
the Finnish market leader in office supplies. Wulff sells and markets office
supplies, business and advertising gifts, IT supplies and ergonomics. Its
service range includes diverse fair and event marketing services. In addition
to Finland, Wulff operates in Sweden, Norway, Denmark and Estonia. The Group
also serves its customers online with a web store for office supplies at
wulffinkulma.fi. Wulff Group companies are now branded in black-and-white and
with lively Wulff stripe. More information on the Group's new brand image at
www.wulff-group.com.

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