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ETTEPLAN CONTINUES OPERATION ADJUSTMENTS IN SWEDEN

Stock exchange release – Published: 26.06.2009 15:30:00

ETTEPLAN CONTINUES OPERATION ADJUSTMENTS IN SWEDEN                              

Demand for technical design and product information services has further        
declined during the second quarter of 2009. The weakened market situation       
effects mainly Etteplan's operations in Sweden. In the end of 2008 and beginning
of 2009 Etteplan has signed a significant number of technical design and product
information framework agreements with global companies in Sweden. These         
customers have postponed the realization of assignments during the second       
quarter of 2009.                                                                

In Sweden Etteplan continues with the operation adjustments that commenced      
during the first quarter of 2009 as well as with the new adjustments that       
commenced during the second quarter of 2009. In addition to the previously      
reported personnel reductions and reorganisation of business, the new           
adjustments include further personnel reductions, cutting fixed costs and       
reorganising business. The new personnel reductions affect approximately 200    
employees in Sweden and will be carried out as permanent lay offs.              

The adjustments will lower fixed costs, improve cost flexibility of Etteplan's  
Sweden operations and utilize effectively whole group's design capacity.        
Adjustments, that have now commenced, will be fully executed during the second  
half of year 2009.                                                              

In 2009 the cost of the adjustments is approximately EUR 6 million. Etteplan    
Oyj's full-year revenue is expected to be under EUR 120 million and operating   
profit to show a loss due to non-recurring items caused by operation
adjustments. 

Etteplan publishes its January-June 2009 interim report on 12 August 2009.  
    

Hollola, 26 June 2009                                                           

Etteplan Oyj                                                                    

Board of Directors                                                              


Additional information:                                                         
Matti Hyytiäinen, President and CEO, tel. +358 400 710 968                      


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Nasdaq OMX Helsinki                                                             
Principle media                                                                 
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