Lemminkäinen and Skanska sign a second-phase contract for the S Group logistics centre

LEMMINKÄINEN CORPORATION                       PRESS RELEASE         10 February  2014 at 2 P.M.

LEMMINKÄINEN AND SKANSKA SIGN A SECOND‑PHASE CONTRACT FOR THE S GROUP LOGISTICS CENTRE

The consortium formed by Lemminkäinen and Skanska, Freeway,  has signed a contract with the S Group on the construction of the second phase of the new logistics centre for daily consumer goods. The second-phase construction work has been begun and will be completed in December 2016. Lemminkäinen and Skanska have equal shares in the consortium. The value of the second phase contract is over EUR 20 million. The share of Lemminkäinen approximately EUR 10 million.

The contract covers the construction of a logistics building with a dry goods storage space and a dispatch centre, totalling 19,000 square metres.

The logistics centre located in Bastukärr, Sipoo, in southern Finland will have a gross surface area of around 189,000 square metres and a capacity of around 3,400,000 cubic metres. The logistics centre features energy-efficient engineering and will apply for BREEAM certification. The property will derive heating and cooling energy from geothermal heat. The new logistics centre will be fully inaugurated in 2018.

In June 2013, Freeway, the consortium between Lemminkäinen and Skanska, signed a framework agreement with S-ryhmän logistiikkakeskukset Oy (S Group's logistics centres) for the construction of a new logistics centre to be implemented under a project management contract. The project is being carried out in five overlapping phases. The construction contracts will be made separately for each phase of the project. The first phase contract was signed August 2013.

LEMMINKÄINEN CORPORATION
Corporate Communications

ADDITIONAL INFORMATION:

Lemminkäinen Corporation
Business premises construction, Helsinki metropolitan area, Manager Jussi Niiranen
Building construction business segment
tel. +358 02071 53208
jussi.niiranen@lemminkainen.com

Skanska Talonrakennus Oy
Regional Manager Vesa Tähti
tel. +358 40 501 6246
vesa.tahti@skanska.fi

Suomen Osuuskauppojen Keskuskunta SOK
vice President (Real Estate) Janne Rytkönen
tel. +358 10 76 82142
janne.rytkonen@sok.fi

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Together with our customers we create conditions that make living, working and travelling functional, safe and healthy. We operate in northern Europe and employ about 7,800 experts. In 2013, our net sales were about EUR 2.2 billion. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com