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ETTEPLAN OYJ INTERIM REPORT Q2: DEMAND FOR DESIGN SERVICES DECLINED

Stock exchange release – Published: 12.08.2009 9:30:00

Etteplan Q2: Demand for design services declined                                

Interim report for April-June 2009                                              

- The Group's revenue was EUR 28.4 million (4-6/2008: EUR 44.1 million).        
- Operating profit excluding non-recurring costs was EUR 0.8 million (EUR 4.2   
  million). 
- Operating profit was EUR -6.1 million (EUR 4.2 million). Operating profit     
  includes EUR 6.5 million reorganisation costs and reservations of Sweden's 
  operations and a reservation of EUR 0.4 million for bad debts. 
- Earnings per share were EUR -0.24 (EUR 0.14).                                 
- The number of personnel at the end of the period was 1,976 (2,217).           

Interim report for January-June 2009                                            

- The Group's revenue was EUR 62.2 million (1-6/2008: EUR 84.8 million).        
- Operating profit excluding non-recurring costs was EUR 1.0 million (EUR 7.9   
  million). 
- Operating profit was EUR -5.9 million (EUR 7.9 million). Operating profit     
  includes EUR 6.5 million reorganisation costs and reservations of Sweden's 
  operations and a reservation of EUR 0.4 million for bad debts. 
- Earnings per share were EUR -0.23 (EUR 0.27).                                 


Key figures (EUR 1 000)                                                         

                         4-6/2009  4-6/2008   1-6/2009  1-6/2008  1-12/2008     

Revenue                    28,429    44,085     62,163    84,761    161,614     
Operating profit           -6,098     4,184     -5,873     7,911     12,349     
Operating profit, %         -21.4       9.5       -9.4       9.3        7.6     
Profit for the period      -4,634     2,889     -4,547     5,494      8,155     
Profit for the period, %    -16.3       6.6       -7.3       6.5        5.0     
Equity ratio, %              28.8      34.9       28.8      34.9       34.2     
Net gearing, %               99.8      63.0       99.8      63.0       54.6     
Total assets               74,001    86,325     74,001    86,325     78,880     


Matti Hyytiäinen, President and CEO of Etteplan Oyj, comments on the interim    
report:                                                                         

”Challenging market situation, in which our customers have operated from the    
second half of last year, continued in the second quarter of year 2009. The     
situation varies slightly depending on customer industry but a rough estimate is
that new orders received by our customers have halved compared to the peak year 
2008. This has been displayed as decline in demand for delivery design services.
In addition, our customers have commenced fewer product development projects    
than usual.                                                                     

During the period under review we strengthened our market share with a number of
our customers. The improvement in market share was not enough to compensate the 
further decline in demand. Regarding Finnish operations, we were able to adjust 
the design capacity flexibly and in-time to correspond with the demand. In      
Sweden, the demand for design services declined more strongly than in Finland   
especially as a result of the weakened market situation of automotive industry  
customers. Due to the Swedish labour legislation design capacity's operation    
adjustments have been slow and extremely expensive. Company's operating profit  
and cash flow were unsatisfactory due to the adjustment costs of Sweden's       
operations.”                                                                    

Accounting principles                                                           

This interim report has been prepared in accordance with IAS 34 (Interim        
Financial Reporting) and the preparation and accounting policies presented in   
the 2008 annual financial statements.                                           

REVIEW FOR APRIL-JUNE 2009                                                      

Business review for April-June                                                  

Demand for technical design and product information services declined further   
during April-June period. Almost in all Etteplan's customer industries demand   
was on a lower level compared to the corresponding period of the previous year. 
In energy and power transmission sector demand was steady during whole review   
period. Demand was on a satisfactory level in aerospace and defence equipment   
industries. The decline in demand stabilized for design services among equipment
manufacturers in forest industry. In automotive industry demand declined through
the period under review.                                                        
                                                                                
In the end of 2008 and beginning of 2009 Etteplan signed a significant number of
technical design and product information framework agreements with global       
companies. These customers postponed the realization of assignments during the  
second quarter of 2009.                                                         

The weakened market situation affected especially Etteplan's Sweden's           
operations. In Sweden Etteplan continued 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  
operations in Sweden 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 addition to the operation adjustments, Etteplan commenced reorganising its   
business in Sweden during the period under review. The aim of the reorganisation
is to capitalize on the growth opportunities in the market. New business units  
were set up to serve Etteplan's customers globally. A new Transportation        
business unit focuses on energy efficiency, emission control and advanced       
material solutions for aerospace industry, train, vehicle and material handling 
sectors. Typical applications are aeroengines, hybrid and electric cars, on- and
off-road vehicles and trains.                                                   

As a part of reorganisation Etteplan also established a new business unit which 
strengthens its design offering for nuclear power plants and nuclear power plant
equipment manufacturers. Etteplan has a long experience in serving nuclear power
plant customers in plant engineering.                                           

Financial development for April-June                                            

Etteplan's revenue in April-June 2009 amounted to EUR 28.4 million (4-6/2008:   
EUR 44.1 million).                                                              

Operating profit was EUR -6.1 million (4-6/2008: EUR 4.2 million). Operating    
profit includes EUR 6.5 million reorganisation costs and reservations of        
Sweden's operations and a reservation of EUR 0.4 million for bad debts.         
Operating profit excluding non-recurring costs was EUR 0.8 million (EUR 4.2     
million).                                                                       

REVIEW FOR JANUARY-JUNE 2009                                                    

Business review for January-June                                                

In January-June, the weakened order books of Etteplan's customers' reflected the
design business. Volume of assignments in technical design and product          
information decreased approximately with a quarter compared to the first half of
the year 2008. Demand for technical design and product information services     
remained on a satisfactory level in energy and power transmission sector and    
aerospace and defence equipment industries. Decline in demand of design services
among equipment manufacturers in forest industry ceased in the end of the period
under review. In plant engineering the decline in demand ceased in the beginning
of the year and has remained steady, but on a distinctly lower level compared to
the previous year. Number of design assignments in automotive industry declined 
throughout the review period.                                                   

Company implemented personnel reductions in Finland and Sweden during the period
under review. In Finland the reductions were implemented mainly as temporary lay
offs. In Sweden the reductions were implemented as permanent lay offs. Already  
implemented and launched personnel reductions affect 250 employees in Finland   
and 300 employees in Sweden. Personnel reduction numbers include the reduction  
decisions made and reported in the end of year 2008.                            
Revenue                                                                         

In January-June 2009, Etteplan's revenue amounted to EUR 62.2 million (1-6/2008:
EUR 84.8 million).                                                              

Result                                                                          

The operating profit was EUR -5.9 million (1-6/2008: EUR 7.9 million). Operating
profit includes EUR 6.5 million reorganisation costs and reservations of        
Sweden's operations and a reservation of EUR 0.4 million for bad debts.         
Operating profit excluding non-recurring costs was EUR 1.0 million (7.9         
million).                                                                       

The profit for the period before taxes was EUR -6.2 million (1-6/2008: EUR 7.5  
million). Taxes amounted to EUR -1.6 million (EUR 2.0 million). Taxes have been 
periodized in line with the result for the review period. The income tax rate   
calculated on profit before taxes for the consolidated income statement was     
26.6% (26.5%).                                                                  

The profit for the period was EUR -4.5 million (1-6/2008: EUR 5.5 million).     
Earnings per share were EUR -0.23 (EUR 0.27). Equity per share was EUR 1.07 (EUR
1.50), and the return on investment was -25.8% (33.2%).                         

Financial position and cash flow                                                

Total assets on June 30, 2009, were EUR 74.0 million (December 31, 2008: EUR    
78.9 million). Goodwill on the balance sheet was EUR 33.7 million (December 31, 
2008: EUR 33.2 million). The Group's cash and cash equivalents totalled at EUR  
2.3 million (December 31, 2008: EUR 1.9 million). The Group's interest-bearing  
liabilities amounted to EUR 23.5 million (December 31, 2008: EUR 16.6 million)  
at period end. The equity ratio was 28.8% (December 31, 2008: 34.2%). The cash  
flow before investments and financial items totalled at EUR -4.5 million        
(1-6/2008: EUR 0.7 million).                                                    

Capital expenditures                                                            

The Group's gross investments were EUR 0.3 million (1-6/2008: EUR 8.6 million). 
During the comparison period in year 2008 the investments consisted mainly of   
company acquisitions.                                                           

Personnel                                                                       

The number of the Group's personnel averaged 2,051 (1-6/2008: 2,207) during the 
review period and was 1,976 (June 30, 2008: 2,217) at period end. Outside       
Finland, the Group employed 960 people (June 30, 2008: 1,109) at the period end.

Incentive plan for key personnel                                                

The Etteplan Oyj Board of Directors decided on a share-based incentive plan for 
key personnel in March 2008. The plan includes three earnings periods: calendar 
years 2008, 2009 and 2010. The plan had a target group of 37 people in 2008. The
remuneration paid from the plan corresponds to the value of about 720,000       
Etteplan Oyj shares at maximum.                                                 

The Board of Directors of Etteplan Oyj has in its meeting held on February 11,  
2009 made a resolution upon disposal of company-held shares pursuant to the     
authorization granted to it by the Annual General Meeting of Shareholders' held 
on March 28, 2008. The authorization was renewed in the Annual General Meeting  
on March 26, 2009.                                                              

In accordance with the decision by the Board of Directors, Etteplan Oyj has, on 
April 30, 2009, disposed 41,177 company-held shares as the remuneration for the 
2008 earnings period for 36 employees who were part of share-based incentive    
plan in 2008. The price per share of the transferred shares was EUR 2.89, which 
was the volume weighted average quotation of Etteplan Oyj share on April 30,    
2009. Accordingly, the total transaction price of the transferred shares was EUR
119,001.53. In addition, a monetary part and capital transfer tax, totalling at 
EUR 180,723.97, were paid out of the plan. The remuneration earned in 2008 was  
paid on April 30, 2009.                                                         

Estimate of operating risks and uncertainty factors                             

Etteplan's financial results are exposed to number of strategic, operational and
financial risks. A detailed risk analysis can be found in Etteplan's annual     
report 2008.                                                                    

External risks                                                                  

During the period under review, economic development on the whole and           
unpredictable changes in customers' order books continued to be a significant   
risk. The customer related risks will continue to pose an increased risk for    
Etteplan's operations.                                                          

Internal risks                                                                  

Internally Etteplan does not foresee changes in its risk position compared to   
previously stated.                                                              

The official impairment testing is done on yearly basis in the last quarter of  
the year. Etteplan Group's most significant goodwill are related to the Swedish 
operations. Due to the reorganization in Sweden, the current impairment test    
shows no reason for goodwill write-down. Changes in latitude for key parameters 
for goodwill impairment testing have narrowed during the review period.         

Annual General Meeting                                                          

The Etteplan Oyj Annual General Meeting was held in Lahti on March 26, 2009.    
The Board of Directors was confirmed to have six members. Tapio Hakakari,       
Heikki Hornborg, Tapani Mönkkönen, Pertti Nupponen, and Matti Virtaala were     
re-elected as members of the Board and Robert Ingman was elected as a new member
of the Board. At its organizational meeting of March 26, 2009, the Board elected
Heikki Hornborg as chairman and Tapani Mönkkönen as vice-chairman.              

The Annual General Meeting approved the Financial Statements for the financial  
year 2008 and discharged the members of the Board of Directors and the CEO from 
liability.                                                                      

The auditor elected was PricewaterhouseCoopers Oy, a firm of authorized public  
accountants, with Mika Kaarisalo APA as the auditor in charge. The fees for the 
auditor are paid according to invoice.                                          

The Annual General Meeting authorized the Board of Directors to acquire         
company's own shares in one or more lots using the company's unrestricted       
equity. A maximum of 2,000,000 of the company's own shares can be acquired. The 
Board of Directors shall have the right to decide who the shares are acquired   
from or, the Board of Directors has the right to decide on a directed           
acquisition of own shares.                                                      

The authorization is valid for 18 months from the date of the decision of the   
Annual General Meeting starting on March 26, 2009 and ending on September 26,   
2010. The authorization shall replace the previous authorization.               

Dividend                                                                        

The Annual General Meeting passed a resolution in accordance with the proposal  
of the Board of Directors to pay a dividend for the 2008 financial year of EUR  
0.08 per share, or a total of EUR 1,573,586.30. The remaining profit was        
retained in non-restricted equity. The record date of the payment of dividend   
was March 31, 2009. The dividend was paid on April 7, 2009.                     

The Annual General Meeting authorized the Board of Directors to decide within   
their discretion on the payment of a possible additional dividend of EUR 0.07   
per share, or a total maximum of EUR 1,376,888.00, should the economic situation
of the company allow it. The authorization is valid until December 31, 2009. The
possible additional dividend based on the decision of the Board of Directors    
will be paid to the shareholder, who is registered in the shareholders' registry
maintained by Euroclear Finland Ltd. on the record date of dividend payment. The
Board of Directors will decide on the record date of the dividend payment as    
well as the payment day of the dividend.                                        

Shares                                                                          

The Etteplan Oyj share (ETT1V) is quoted in Nordic NASDAQ OMX's Small Cap market
capitalization group in the Industrials sector.                                 

The company's share capital on June 30, 2009, was EUR 5,000,000.00, and the     
number of shares outstanding was 20,179,414. The company has one series of      
shares. All shares confer an equal right to dividends and the company's funds.  

The company held 468,408 of its own shares on June 30, 2009. In January-June    
2009, the company acquired 10,409 of its own shares. The company disposed of    
41,177 company-held shares in January-June 2009.                                

Outlook                                                                         

Based on the development of January-June 2009, Etteplan expects the full-year   
revenue to be under EUR 120 million. The operating profit for the full-year is  
negative due to non-recurring costs. Potential acquisitions in 2009 are not     
included in the estimate.                                                       


The information presented herein has not been audited.                          


Hollola, on August 12, 2009                                                     

Etteplan Oyj                                                                    

Board of Directors                                                              


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


APPENDIX:                                                                       
Financial Statement Summary and Notes                                           
  Consolidated Statement of Comprehensive Income                                
  Consolidated Statement of Financial Position                                  
  Consolidated Statement of Cash Flows                                          
  Consolidated Statement of Changes in Equity                                   
  Key Figures                                                                   
  Notes to the Financial Statement Summary                                      


Releases and other corporate information are available on Etteplan's Web site at
www.etteplan.com.                                                               


DISTRIBUTION:                                                                   
NASDAQ OMX Helsinki                                                             
Major media                                                                     
www.etteplan.com                                                                


This interim report includes forward-looking estimates and assumptions.         
Accordingly, outcomes may deviate from these estimates, which are based on the  
management's current best knowledge.                                            


Etteplan is a specialist in industrial equipment engineering and technical      
product information solutions and services. Our customers are global leaders in 
their fields and operate in areas like the automotive, aerospace and defence    
industries as well as the electricity generation and power transmission sectors,
and material flow management.                                                   

Etteplan has comprehensive competence in electronics and embedded systems       
development, automation and electrical design, mechanical design and technical  
product information solutions and services.                                     

Etteplan's strength lies in its highly skilled employees who, being located near
to the customers, are able to develop close, long term business relationships.  
We implement solutions globally according to customer needs.                    

In 2008, Etteplan had turnover of EUR 161.6 million. The company currently has  
approximately 2,000 employees. Etteplan's shares are listed on NASDAQ OMX       
Helsinki Ltd under the ETT1V ticker.                                            




--------------------------------------------------------------------------------
| CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME                               |
--------------------------------------------------------------------------------
| (EUR 1 000)               |    4-6/ |    4-6/ |    1-6/ |    1-6/ |    1-12/ |
--------------------------------------------------------------------------------
|                           |    2009 |    2008 |    2009 |    2008 |     2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Continuing operations                                                        |
--------------------------------------------------------------------------------
| Revenue                   |  28 429 |  44 085 |  62 163 |  84 761 |  161 614 |
--------------------------------------------------------------------------------
| Other operating income    |      73 |      65 |     127 |     114 |      263 |
--------------------------------------------------------------------------------
| Materials and services    |  -1 973 |  -3 146 |  -4 027 |  -5 654 |  -12 391 |
--------------------------------------------------------------------------------
| Staff costs               | -27 145 | -29 214 | -52 778 | -57 217 | -110 384 |
--------------------------------------------------------------------------------
| Other operating expenses  |  -5 049 |  -7 136 | -10 481 | -13 171 |  -24 862 |
--------------------------------------------------------------------------------
| Depreciation and          |    -432 |    -470 |    -877 |    -923 |   -1 892 |
| amortisation              |         |         |         |         |          |
--------------------------------------------------------------------------------
| Operating profit          |  -6 098 |   4 184 |  -5 873 |   7 911 |   12 349 |
--------------------------------------------------------------------------------
| Financial income          |     -17 |      28 |     213 |      58 |      228 |
--------------------------------------------------------------------------------
| Financial expenses        |    -220 |    -306 |    -483 |    -490 |   -1 293 |
--------------------------------------------------------------------------------
| Share of the result of    |     100 |       0 |     -49 |       0 |        0 |
| associates                |         |         |         |         |          |
--------------------------------------------------------------------------------
| Profit before taxes       |  -6 234 |   3 906 |  -6 192 |   7 478 |   11 285 |
--------------------------------------------------------------------------------
| Income taxes              |   1 600 |  -1 017 |   1 645 |  -1 984 |   -3 130 |
--------------------------------------------------------------------------------
| Profit for the financial  |  -4 634 |   2 889 |  -4 547 |   5 494 |    8 155 |
| year continuing           |         |         |         |         |          |
| operations                |         |         |         |         |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Discontinuing operations                                                     |
--------------------------------------------------------------------------------
| Profit/loss for the       |       0 |    -140 |       0 |    -140 |     -140 |
| financial year,           |         |         |         |         |          |
| discontinuing operations  |         |         |         |         |          |
--------------------------------------------------------------------------------
| Result for the financial  |  -4 634 |   2 749 |  -4 547 |   5 354 |    8 015 |
| year                      |         |         |         |         |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other comprehensive income:                                                  |
--------------------------------------------------------------------------------
| Currency translation      |     345 |    -256 |     290 |    -105 |   -4 365 |
| differences               |         |         |         |         |          |
--------------------------------------------------------------------------------
| Other comprehensive       |     345 |    -256 |     290 |    -105 |   -4 365 |
| income for the year, net  |         |         |         |         |          |
| of tax                    |         |         |         |         |          |
--------------------------------------------------------------------------------
| Total comprehensive       |  -4 289 |   2 493 |  -4 258 |   5 249 |    3 650 |
| income for the year       |         |         |         |         |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit attributable to:                                                      |
--------------------------------------------------------------------------------
| Equity holders of the     |  -4 647 |   2 749 |  -4 567 |   5 354 |    7 997 |
| company                   |         |         |         |         |          |
--------------------------------------------------------------------------------
| Minority interest         |      13 |       0 |      19 |       0 |       18 |
--------------------------------------------------------------------------------
|                           |  -4 634 |   2 749 |  -4 547 |   5 354 |    8 015 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total comprehensive       |                                                  |
| income attributable to:   |                                                  |
--------------------------------------------------------------------------------
| Equity holders of the     |  -4 302 |   2 493 |  -4 277 |   5 249 |    3 632 |
| company                   |         |         |         |         |          |
--------------------------------------------------------------------------------
| Minority interest         |      13 |       0 |      19 |       0 |       18 |
--------------------------------------------------------------------------------
|                           |  -4 289 |   2 493 |  -4 258 |   5 249 |    3 650 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share        |                                                  |
| calculated from the       |                                                  |
| result of parent company  |                                                  |
| shareholders              |                                                  |
--------------------------------------------------------------------------------
| Continuing operations                                                        |
--------------------------------------------------------------------------------
| Basic earnings per share, |   -0,24 |    0,14 |   -0,23 |    0,27 |     0,41 |
| EUR                       |         |         |         |         |          |
--------------------------------------------------------------------------------
| Diluted earnings per      |   -0,24 |    0,14 |   -0,23 |    0,27 |     0,41 |
| share, EUR                |         |         |         |         |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Discontinuing operations                                                     |
--------------------------------------------------------------------------------
| Basic earnings per share, |    0,00 |   -0,01 |    0,00 |   -0,01 |    -0,01 |
| EUR                       |         |         |         |         |          |
--------------------------------------------------------------------------------
| Diluted earnings per      |    0,00 |   -0,01 |    0,00 |   -0,01 |    -0,01 |
| share, EUR                |         |         |         |         |          |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
--------------------------------------------------------------------------------
| (EUR 1 000)                        |  30.6.2009 |   30.6.2008 |   31.12.2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| ASSETS                                                                       |
--------------------------------------------------------------------------------
| Non-current assets                                                           |
--------------------------------------------------------------------------------
| Tangible assets                    |      2 111 |       2 452 |        2 478 |
--------------------------------------------------------------------------------
| Goodwill                           |     33 695 |      34 833 |       33 207 |
--------------------------------------------------------------------------------
| Other intangible assets            |      1 297 |       1 517 |        1 566 |
--------------------------------------------------------------------------------
| Shares in associated companies     |          0 |           0 |           17 |
--------------------------------------------------------------------------------
| Investments available for sales    |        411 |         410 |          411 |
--------------------------------------------------------------------------------
| Other long-term receivables        |        554 |         814 |          551 |
--------------------------------------------------------------------------------
| Deferred tax assets                |        236 |          34 |          191 |
--------------------------------------------------------------------------------
| Non-current assets, total          |     38 303 |      40 060 |       38 421 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current assets                                                               |
--------------------------------------------------------------------------------
| Trade and other receivables        |     29 538 |      42 719 |       37 242 |
--------------------------------------------------------------------------------
| Prepayments                        |          0 |         239 |            0 |
--------------------------------------------------------------------------------
| Current tax assets                 |      3 816 |         304 |        1 338 |
--------------------------------------------------------------------------------
| Cash and cash equivalents          |      2 345 |       3 003 |        1 879 |
--------------------------------------------------------------------------------
| Current assets, total              |     35 698 |      46 264 |       40 459 |
--------------------------------------------------------------------------------
| TOTAL ASSETS                       |     74 001 |      86 325 |       78 880 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EQUITY AND LIABILITIES                                                       |
--------------------------------------------------------------------------------
| Capital attributable to equity     |                                         |
| holders                            |                                         |
--------------------------------------------------------------------------------
| Share capital                      |      5 000 |       5 000 |        5 000 |
--------------------------------------------------------------------------------
| Share premium account              |      6 701 |       6 701 |        6 701 |
--------------------------------------------------------------------------------
| Unrestricted equity fund           |      2 593 |       2 474 |        2 474 |
--------------------------------------------------------------------------------
| Own shares                         |     -1 909 |        -579 |       -2 025 |
--------------------------------------------------------------------------------
| Cumulative translation adjustment  |     -4 898 |        -928 |       -5 188 |
--------------------------------------------------------------------------------
| Retained earnings                  |     18 184 |      11 962 |       11 962 |
--------------------------------------------------------------------------------
| Profit for the financial year      |     -4 547 |       5 354 |        7 997 |
--------------------------------------------------------------------------------
| Capital attributable to equity     |     21 123 |      29 985 |       26 921 |
| holders, total                     |            |             |              |
--------------------------------------------------------------------------------
| Minority interest                  |         99 |          16 |           79 |
--------------------------------------------------------------------------------
| Equity, total                      |     21 222 |      30 001 |       27 000 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current liabilities                                                      |
--------------------------------------------------------------------------------
| Deferred tax liability             |      1 523 |       1 594 |        1 537 |
--------------------------------------------------------------------------------
| Non-current interest-bearing       |     10 982 |       9 153 |        9 981 |
| liabilities                        |            |             |              |
--------------------------------------------------------------------------------
| Non-current liabilities, total     |     12 506 |      10 747 |       11 517 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current liabilities                                                          |
--------------------------------------------------------------------------------
| Current interest-bearing           |     12 533 |      12 749 |        6 635 |
| liabilities                        |            |             |              |
--------------------------------------------------------------------------------
| Trade and other payables           |     23 037 |      31 402 |       33 425 |
--------------------------------------------------------------------------------
| Reserves                           |      4 369 |           0 |            0 |
--------------------------------------------------------------------------------
| Current income tax liabilities     |        335 |       1 427 |          303 |
--------------------------------------------------------------------------------
| Current liabilities, total         |     40 274 |      45 577 |       40 363 |
--------------------------------------------------------------------------------
| Liabilities, total                 |     52 779 |      56 324 |       51 880 |
--------------------------------------------------------------------------------
| TOTAL EQUITY AND LIABILITIES       |     74 001 |      86 325 |       78 880 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| CONSOLIDATED STATEMENT OF CASH FLOWS                                         |
--------------------------------------------------------------------------------
| (EUR 1 000)                                |    1-6/ |     1-6/ |      1-12/ |
--------------------------------------------------------------------------------
|                                            |    2009 |     2008 |       2008 |
--------------------------------------------------------------------------------
| Operating cash flow                                                          |
--------------------------------------------------------------------------------
| Cash receipts from customers               |  68 388 |   76 836 |    158 729 |
--------------------------------------------------------------------------------
| Cash receipts from other operating income  |     118 |      114 |        245 |
--------------------------------------------------------------------------------
| Operating expenses paid                    |  71 904 |   73 782 |    143 861 |
--------------------------------------------------------------------------------
| Operating cash flow before financial items |  -3 398 |    3 168 |     15 113 |
| and taxes                                  |         |          |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest and payment paid for financial    |     362 |      448 |      1 131 |
| expenses                                   |         |          |            |
--------------------------------------------------------------------------------
| Interest received                          |     112 |       58 |        228 |
--------------------------------------------------------------------------------
| Income taxes paid                          |     829 |    2 088 |      5 055 |
--------------------------------------------------------------------------------
| Operating cash flow ( A )                  |  -4 477 |      690 |      9 155 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Investing cash flow                                                          |
--------------------------------------------------------------------------------
| Purchase of tangible and intangible assets |      67 |      952 |      1 774 |
--------------------------------------------------------------------------------
| Acquisition of subsidiaries                |     361 |    5 769 |      7 582 |
--------------------------------------------------------------------------------
| Proceeds from sale of tangible and         |      30 |       37 |         60 |
| intangible assets                          |         |          |            |
--------------------------------------------------------------------------------
| Proceeds from sale of investments          |       0 |       55 |         47 |
--------------------------------------------------------------------------------
| Investing cash flow ( B )                  |    -398 |   -6 628 |     -9 249 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow after investments (A+B)          |  -4 875 |   -5 938 |        -94 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Financing cash flow                                                          |
--------------------------------------------------------------------------------
| Purchase of own shares                     |      44 |    1 092 |      2 523 |
--------------------------------------------------------------------------------
| Short-term loans, increase                 |   5 912 |   10 228 |      3 437 |
--------------------------------------------------------------------------------
| Long-term loans, increase                  |   2 514 |       18 |      2 544 |
--------------------------------------------------------------------------------
| Long-term loans, decrease                  |   1 457 |    3 219 |      4 007 |
--------------------------------------------------------------------------------
| Dividend paid and other profit             |   1 574 |    4 225 |      4 225 |
| distribution                               |         |          |            |
--------------------------------------------------------------------------------
| Financing cash flow ( C )                  |   5 351 |    1 710 |     -4 774 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Variation in cash (A + B + C)                                                |
--------------------------------------------------------------------------------
| increase ( + ) / decrease ( - )            |     476 |   -4 228 |     -4 868 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets in the beginning of the period      |   1 879 |    7 243 |      7 243 |
--------------------------------------------------------------------------------
| Exchange gains or losses on cash and bank  |     -10 |      -12 |       -496 |
| equivalents                                |         |          |            |
--------------------------------------------------------------------------------
| Assets at the end of the period            |   2 345 |    3 003 |      1 879 |
--------------------------------------------------------------------------------


CONSOLIDATED STATEMENT OF CHANGES IN EQUITY                                     
(EUR 1 000)                                                                     

Legends for table columns                                                       

A) Share Capital                                                                
B) Share Premium Account                                                        
C) Unrestricted Equity Fund                                                     
D) Own shares                                                                   
E) Cumulative Translation Adjustment                                            
F) Retained Earnings                                                            
G) Total                                                                        
H) Minority Interest                                                            
I) Equity total                                                                 


--------------------------------------------------------------------------------
|            |   A    |   B    |   C    |   D    |    E    |    F    |    G    |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity     |  5 000 |  6 701 |  2 601 |   -962 |    -823 |  16 187 |  28 704 |
| 1.1.2008   |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Dividends  |        |        |        |        |         |  -4 225 |  -4 225 |
--------------------------------------------------------------------------------
| Purchase   |        |        |        | -2 523 |         |         |  -2 523 |
| of own     |        |        |        |        |         |         |         |
| shares     |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Disposal   |        |        |   -127 |  1 401 |         |         |   1 274 |
| of own     |        |        |        |        |         |         |         |
| shares     |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Shares to  |        |        |        |     59 |         |         |      59 |
| be issued  |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Changes in |        |        |        |        |         |         |       0 |
| ownership  |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Comprehens |        |        |        |        |  -4 365 |   7 997 |   3 632 |
| ive income |        |        |        |        |         |         |         |
| for the    |        |        |        |        |         |         |         |
| financial  |        |        |        |        |         |         |         |
| year       |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Equity     |  5 000 |  6 701 |  2 474 | -2 025 |  -5 188 |  19 959 |  26 921 |
| 31.12.2008 |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|            |   G    |   H    |   I    |                                      |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity     | 28 704 |    597 | 29 301 |                                      |
| 1.1.2008   |        |        |        |                                      |
--------------------------------------------------------------------------------
| Dividends  | -4 225 |        | -4 225 |                                      |
--------------------------------------------------------------------------------
| Purchase   | -2 523 |        | -2 523 |                                      |
| of own     |        |        |        |                                      |
| shares     |        |        |        |                                      |
--------------------------------------------------------------------------------
| Disposal   |  1 274 |        |  1 274 |                                      |
| of own     |        |        |        |                                      |
| shares     |        |        |        |                                      |
--------------------------------------------------------------------------------
| Shares to  |     59 |        |     59 |                                      |
| be issued  |        |        |        |                                      |
--------------------------------------------------------------------------------
| Changes in |      0 |   -536 |   -536 |                                      |
| ownership  |        |        |        |                                      |
--------------------------------------------------------------------------------
| Comprehens |  3 632 |     18 |  3 650 |                                      |
| ive income |        |        |        |                                      |
| for the    |        |        |        |                                      |
| financial  |        |        |        |                                      |
| year       |        |        |        |                                      |
--------------------------------------------------------------------------------
| Equity     | 26 921 |     79 | 27 000 |                                      |
| 31.12.2008 |        |        |        |                                      |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|            |   A    |   B    |   C    |   D    |    E    |    F    |    G    |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity     |  5 000 |  6 701 |  2 474 | -2 025 |  -5 188 |  19 959 |  26 921 |
| 1.1.2009   |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Dividends  |        |        |        |        |         |  -1 574 |  -1 574 |
--------------------------------------------------------------------------------
| Purchase   |        |        |        |    -44 |         |         |     -44 |
| of own     |        |        |        |        |         |         |         |
| shares     |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Shares to  |        |        |    119 |    160 |         |    -183 |      96 |
| be issued  |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Comprehens |        |        |        |        |     290 |  -4 567 |  -4 277 |
| ive income |        |        |        |        |         |         |         |
| for the    |        |        |        |        |         |         |         |
| financial  |        |        |        |        |         |         |         |
| period     |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Equity     |  5 000 |  6 701 |  2 593 | -1 909 |  -4 898 |  13 636 |  21 123 |
| 30.6.2009  |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|            |   G    |   H    |   I    |                                      |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity     | 26 921 |     79 | 27 000 |                                      |
| 1.1.2009   |        |        |        |                                      |
--------------------------------------------------------------------------------
| Dividends  | -1 574 |        | -1 574 |                                      |
--------------------------------------------------------------------------------
| Purchase   |    -44 |        |    -44 |                                      |
| of own     |        |        |        |                                      |
| shares     |        |        |        |                                      |
--------------------------------------------------------------------------------
| Shares to  |     96 |        |     96 |                                      |
| be issued  |        |        |        |                                      |
--------------------------------------------------------------------------------
| Comprehens | -4 277 |     19 | -4 258 |                                      |
| ive income |        |        |        |                                      |
| for the    |        |        |        |                                      |
| financial  |        |        |        |                                      |
| period     |        |        |        |                                      |
--------------------------------------------------------------------------------
| Equity     | 21 123 |     99 | 21 222 |                                      |
| 30.6.2009  |        |        |        |                                      |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|            |   A    |   B    |   C    |   D    |    E    |    F    |    G    |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity     |  5 000 |  6 701 |  2 601 |   -962 |    -823 |  16 187 |  28 704 |
| 1.1.2008   |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Dividends  |        |        |        |        |         |  -4 225 |  -4 225 |
--------------------------------------------------------------------------------
| Purchase   |        |        |        | -1 092 |         |         |  -1 092 |
| of own     |        |        |        |        |         |         |         |
| shares     |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Disposal   |        |        |   -127 |  1 401 |         |         |   1 274 |
| of own     |        |        |        |        |         |         |         |
| shares     |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Shares to  |        |        |        |     75 |         |         |      75 |
| be issued  |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Changes in |        |        |        |        |         |         |       0 |
| ownership  |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Comprehens |        |        |        |        |    -105 |   5 354 |   5 249 |
| ive income |        |        |        |        |         |         |         |
| for the    |        |        |        |        |         |         |         |
| financial  |        |        |        |        |         |         |         |
| period     |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
| Equity     |  5 000 |  6 701 |  2 474 |   -578 |    -928 |  17 316 |  29 985 |
| 30.6.2008  |        |        |        |        |         |         |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|            |   G    |   H    |   I    |                                      |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity     | 28 704 |    597 | 29 301 |                                      |
| 1.1.2008   |        |        |        |                                      |
--------------------------------------------------------------------------------
| Dividends  | -4 225 |        | -4 225 |                                      |
--------------------------------------------------------------------------------
| Purchase   | -1 092 |        | -1 092 |                                      |
| of own     |        |        |        |                                      |
| shares     |        |        |        |                                      |
--------------------------------------------------------------------------------
| Disposal   |  1 274 |        |  1 274 |                                      |
| of own     |        |        |        |                                      |
| shares     |        |        |        |                                      |
--------------------------------------------------------------------------------
| Shares to  |     75 |        |     75 |                                      |
| be issued  |        |        |        |                                      |
--------------------------------------------------------------------------------
| Changes in |        |   -581 |   -581 |                                      |
| ownership  |        |        |        |                                      |
--------------------------------------------------------------------------------
| Comprehens |  5 249 |      0 |  5 249 |                                      |
| ive income |        |        |        |                                      |
| for the    |        |        |        |                                      |
| financial  |        |        |        |                                      |
| period     |        |        |        |                                      |
--------------------------------------------------------------------------------
| Equity     | 29 985 |     16 | 30 001 |                                      |
| 30.6.2008  |        |        |        |                                      |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| KEY FIGURES                 |     1-6/ |      1-6/ |     1-12/ |   Change to |
--------------------------------------------------------------------------------
| (EUR 1 000)                 |     2009 |      2008 |      2008 |   prev.year |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Revenue                     |   62 163 |    84 761 |   161 614 |     -26,7 % |
--------------------------------------------------------------------------------
| Operating profit            |   -5 873 |     7 911 |    12 349 |    -174,2 % |
--------------------------------------------------------------------------------
| Operating profit, %         |     -9,4 |       9,3 |       7,6 |             |
--------------------------------------------------------------------------------
| Profit before taxes         |   -6 192 |     7 478 |    11 285 |    -182,8 % |
--------------------------------------------------------------------------------
| Profit before taxes, %      |    -10,0 |       8,8 |       7,0 |             |
--------------------------------------------------------------------------------
| Return on equity, %         |    -37,7 |      37,1 |      29,0 |             |
--------------------------------------------------------------------------------
| Return on investment, % *)  |    -25,8 |      33,2 |      28,7 |             |
--------------------------------------------------------------------------------
| Equity ratio %              |     28,8 |      34,9 |      34,2 |             |
--------------------------------------------------------------------------------
| Gross interest-bearing debt |   23 515 |    21 901 |    16 615 |       7,4 % |
--------------------------------------------------------------------------------
| Net gearing, %              |     99,8 |      63,0 |      54,6 |             |
--------------------------------------------------------------------------------
| Balance sheet, total        |   74 001 |    86 325 |    78 880 |     -14,3 % |
--------------------------------------------------------------------------------
| Gross investments           |      273 |     8 564 |    12 082 |     -96,8 % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share, EUR     |    -0,23 |      0,27 |      0,41 |    -184,3 % |
--------------------------------------------------------------------------------
| Diluted earnings per share, |    -0,23 |      0,27 |      0,41 |    -184,3 % |
| EUR                         |          |           |           |             |
--------------------------------------------------------------------------------
| Equity per share, EUR       |     1,07 |      1,50 |      1,37 |     -28,2 % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Personnel, average          |    2 051 |     2 207 |     2 188 |      -7,1 % |
--------------------------------------------------------------------------------
| Personnel at end of the     |    1 976 |     2 217 |     2 142 |     -10,9 % |
| period                      |          |           |           |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| *) Return on investment has been calculated from result before taxes         |
--------------------------------------------------------------------------------


NOTES TO THE FINANCIAL STATEMENT SUMMARY                                        

General                                                                         

The parent company of Etteplan Group is Etteplan Oyj (“the Company”), a Finnish 
public limited company established under Finnish law. The Company is domiciled  
in Hollola. The Company's shares are quoted on the exchange of NASDAQ OMX       
Helsinki Ltd.                                                                   

Etteplan Oyj and its subsidiaries provide high-quality industrial technology    
design services. The Group's main market area is Europe. For our core customers,
Etteplan's services extend worldwide.                                           

The Etteplan Oyj Board of Directors approved the interim report for publication 
at its meeting of August 11, 2009.                                              

Basis for preparation                                                           

The interim report has been prepared in accordance with IAS 34 (Interim         
Financial Reporting) and the preparation and accounting policies presented in   
the 2008 annual financial statements. Revised IAS 1, Presentation of Financial  
Statements: Amendments have been made to the presentation of the income         
statement and statement of changes in equity.                                   

Monetary figures in the interim report are presented in thousands of euros. All 
figures in the tables have been rounded up or down, due to which the sums of    
figures may deviate from the sum totals presented.                              

In interim report the accounting principles used were the same as for the 2008  
annual financial statements. The annual financial statements are available at   
http://etteplan.smartpage.fi/en/annualreport08/, and the accounting policy is   
detailed on pages 28-33 of the annual report 2008.                              

Use of estimates                                                                

The financial statements include forward-looking estimates and assumptions.     
Accordingly, outcomes may differ from these estimates, which are based on the   
management's current best knowledge.                                            

Other investments                                                               

--------------------------------------------------------------------------------
| Intangible assets and property, plant and equipment                          |
--------------------------------------------------------------------------------
| (EUR 1 000)                      | Property,   | Goodwill    | Other         |
|                                  | plant,      |             | intangible    |
|                                  | equipment   |             | assets        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Acquisition cost 1.1.2009        |      13 173 |      33 207 |         5 839 |
--------------------------------------------------------------------------------
| Exchange difference              |          20 |         127 |             0 |
--------------------------------------------------------------------------------
| Increases                        |         256 |         361 |            16 |
--------------------------------------------------------------------------------
| Decreases                        |         -34 |           0 |             0 |
--------------------------------------------------------------------------------
| Acquisition cost 30.6.2009       |      13 415 |      33 695 |         5 855 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Accumulated depreciation and     |      10 688 |           0 |         4 280 |
| impairment 1.1.2009              |             |             |               |
--------------------------------------------------------------------------------
| Exchange difference              |          21 |           0 |            -4 |
--------------------------------------------------------------------------------
| Depreciation                     |         595 |           0 |           282 |
--------------------------------------------------------------------------------
| Accumulated depreciation and     |      11 304 |           0 |         4 558 |
| impairment 30.6.2009             |             |             |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Book value 30.6.2009             |       2 111 |      33 695 |         1 297 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Acquisition cost 1.1.2008        |      11 334 |      29 426 |         5 229 |
--------------------------------------------------------------------------------
| Exchange difference              |         -16 |        -104 |            -2 |
--------------------------------------------------------------------------------
| Increases                        |       1 202 |       5 511 |           318 |
--------------------------------------------------------------------------------
| Decreases                        |         -40 |           0 |            -1 |
--------------------------------------------------------------------------------
| Acquisition cost 30.6.2008       |      12 479 |      34 833 |         5 543 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Accumulated depreciation and     |       9 383 |           0 |         3 770 |
| impairment 1.1.2008              |             |             |               |
--------------------------------------------------------------------------------
| Exchange difference              |         -17 |           0 |            -5 |
--------------------------------------------------------------------------------
| Depreciation                     |         661 |           0 |           261 |
--------------------------------------------------------------------------------
| Accumulated depreciation and     |      10 027 |           0 |         4 026 |
| impairment 30.6.2008             |             |             |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Book value 30.6.2008             |       2 452 |      34 833 |         1 517 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| Interest-bearing loans                                                       |
--------------------------------------------------------------------------------
| (EUR 1 000)               |             30.6.2009 |               31.12.2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current               |                10 982 |                    9 981 |
--------------------------------------------------------------------------------
| Current                   |                12 533 |                    6 634 |
--------------------------------------------------------------------------------
| Total                     |                23 515 |                   16 615 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| Reserves                                                                     |
--------------------------------------------------------------------------------
| (1 000 EUR)                                |      30.6.2009 |      30.6.2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Reorganisation reserves 1.1.               |              0 |              0 |
--------------------------------------------------------------------------------
| Additional provisions                      |          4 369 |              0 |
--------------------------------------------------------------------------------
| Reorganisation reserves 30.6.              |          4 369 |              0 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| Operating profit                                                             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Following non-recurring costs have been    |                |                |
| charged to operating profit during the     |                |                |
| period                                     |                |                |
--------------------------------------------------------------------------------
| (1 000 EUR)                                |      30.6.2009 |      30.6.2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Reorganisation costs                       |                |                |
--------------------------------------------------------------------------------
|   costs incurred                           |          2 087 |              0 |
--------------------------------------------------------------------------------
|   provisions reserved                      |          4 369 |              0 |
--------------------------------------------------------------------------------
| Reorganisation costs total                 |          6 456 |              0 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| Pledges, mortgages and guarantees                                            |
--------------------------------------------------------------------------------
| (EUR 1 000)                              |    30.6.2009    |   31.12.2008    |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| For own debts                                                                |
--------------------------------------------------------------------------------
| Other contingencies                      |              86 |             427 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Leasing liabilities                                                          |
--------------------------------------------------------------------------------
| For payment under year                   |           1 207 |           1 158 |
--------------------------------------------------------------------------------
| For payment 1-5 years                    |           1 597 |           1 909 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total                                    |           2 889 |           3 494 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| Derivatives                                                                  |
--------------------------------------------------------------------------------
| (1 000 EUR)                  |            30.6.2009 |             31.12.2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest rate swaps                                                          |
--------------------------------------------------------------------------------
| Fair value                   |                    2 |                      0 |
--------------------------------------------------------------------------------
| Nominal value                |                5 143 |                  5 786 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest rate options                                                        |
--------------------------------------------------------------------------------
| Fair value                   |                 -169 |                   -103 |
--------------------------------------------------------------------------------
| Nomial value                 |                8 679 |                  8 679 |
--------------------------------------------------------------------------------


Related-party transactions                                                      

The Group's related parties include the Group's key personnel: the members of   
the Board of Directors and the CEO. Related parties also include subsidiaries   
and companies in which related-party key employees have significant holdings and
control.                                                                        

--------------------------------------------------------------------------------
| The following transactions were carried out with related parties:            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| (EUR 1 000)                      |  30.6.2009  |  30.6.2008  |  31.12.2008   |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sales of services                                                            |
--------------------------------------------------------------------------------
| To other in related-party        |           6 |          41 |            53 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Purchase of goods and services                                               |
--------------------------------------------------------------------------------
| Office premises rents            |                                           |
--------------------------------------------------------------------------------
| Key management personnel         |          48 |          48 |            95 |
--------------------------------------------------------------------------------
| From other in related-party      |         172 |         114 |           285 |
--------------------------------------------------------------------------------
| Total                            |         220 |         162 |           381 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Receivables and payables year end balances arising from sales                |
--------------------------------------------------------------------------------
| and purchase of goods and services                                           |
--------------------------------------------------------------------------------
| Receivables from other           |                                           |
--------------------------------------------------------------------------------
| in related-party                 |           1 |           2 |             2 |
--------------------------------------------------------------------------------


Income taxes                                                                    

The taxes listed in the consolidated income statement have been calculated with 
the tax rate appropriate for the projected full-year result. The estimated      
average effective tax rate for the year has been set separately for each        
relevant country. The effective tax rate used in the interim report is 26.6 %.  

Risks                                                                           

Etteplan´s financial results are exposed to number of strategic, operational and
financial risks.                                                                

The official impairment testing is done on yearly basis in the last quarter of  
the year. Etteplan Group´s most significant goodwill are related to the Swedish 
operations. Due to the reorganization in Sweden, the current impairment test    
shows no reason for goodwill write-down. Changes in latitude for key parameters 
for goodwill impairment testing have narrowed during the review period.         

A detailed risk analysis can be found in Etteplan´s Annual report 2008.         

Management benefits                                                             

The salaries and fees paid to the company's management are disclosed in the     
annual financial statements.                                                    

The company had no outstanding loans to members of management on June 30, 2009, 
or December 31, 2008. On June 30, 2009, the members of the Board of Directors   
and the CEO owned a total of 5,572,451 shares (December 31, 2008: 5,549,500     
shares).                                                                        

Incentive plan for key personnel                                                

The Etteplan Oyj Board of Directors decided on a share-based incentive plan for 
key personnel in March 2008. The plan includes three earnings periods: calendar 
years 2008, 2009 and 2010. The plan had a target group of 37 people in 2008. The
remuneration paid from the plan corresponds to the value of about 720,000       
Etteplan Oyj shares at maximum.                                                 

The Board of Directors of Etteplan Oyj has in its meeting held on February 11,  
2009 made a resolution upon disposal of company-held shares pursuant to the     
authorization granted to it by the Annual General Meeting of Shareholders' held 
on March 28, 2008. The authorization was renewed in the Annual General Meeting  
on March 26, 2009.                                                              

In accordance with the decision by the Board of Directors, Etteplan Oyj has, on 
April 30, 2009, disposed 41,177 company-held shares as the remuneration for the 
2008 earnings period for 36 employees who were part of share-based incentive    
plan in 2008. The price per share of the transferred shares is EUR 2.89, which  
is the volume weighted average quotation of Etteplan Oyj share on April 30,     
2009. Accordingly, the total transaction price of the transferred shares is EUR 
119,001.53. In addition, a monetary part and capital transfer tax, totalling at 
EUR 180,723.97, were paid out of the plan. The remuneration earned in 2008 was  
paid on April 30, 2009.                                                         


--------------------------------------------------------------------------------
| Major shareholders                                                           |
--------------------------------------------------------------------------------
| June 30, 2009                                                                |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|                                              | Number of     | Holding of    |
|                                              | shares        | shares, %     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Mönkkönen Tapani                             |     4 075 600 |         20,20 |
--------------------------------------------------------------------------------
| Ingman Group Oy Ab                           |     3 500 000 |         17,34 |
--------------------------------------------------------------------------------
| Evli Bank Plc.                               |     1 165 100 |          5,77 |
--------------------------------------------------------------------------------
| Hornborg Heikki                              |     1 143 220 |          5,67 |
--------------------------------------------------------------------------------
| Oy Fincorp Ab                                |     1 087 973 |          5,39 |
--------------------------------------------------------------------------------
| Varma Mutual Pension Insurance Company       |       608 328 |          3,01 |
--------------------------------------------------------------------------------
| Alfred Berg Finland Fund                     |       492 799 |          2,44 |
--------------------------------------------------------------------------------
| Aiff Ulf                                     |       470 546 |          2,33 |
--------------------------------------------------------------------------------
| Etteplan Oyj                                 |       469 076 |          2,32 |
--------------------------------------------------------------------------------
| Fondita Nordic Micro Cap Placeringsfond      |       467 180 |          2,32 |
--------------------------------------------------------------------------------
| Nordea Bank Finland Plc.                     |       353 452 |          1,75 |
--------------------------------------------------------------------------------
| Tuori Klaus                                  |       351 000 |          1,74 |
--------------------------------------------------------------------------------
| Alfred Berg Small Cap Fund                   |       323 190 |          1,60 |
--------------------------------------------------------------------------------
| Hakakari Tapio                               |       306 180 |          1,52 |
--------------------------------------------------------------------------------
| Aktia Capital Small Cap Fund                 |       298 200 |          1,48 |
--------------------------------------------------------------------------------
| Svenska Handelsbanken AB (Publ),             |       282 628 |          1,40 |
| Filialverksamheten i Finland                 |               |               |
--------------------------------------------------------------------------------
| Tuori Aino                                   |       256 896 |          1,27 |
--------------------------------------------------------------------------------
| Kempe Anna                                   |       246 814 |          1,22 |
--------------------------------------------------------------------------------
| Tuori Kaius                                  |       178 370 |          0,88 |
--------------------------------------------------------------------------------
| Alfred Berg Optimal Small Cap Fund           |       172 421 |          0,85 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other shareholders                           |     3 930 441 |         19,48 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total                                        |    20 179 414 |        100,00 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| Revenue and operating profit quarterly                                       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| (EUR 1 000)                        |            Q1/2009 |            Q2/2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Revenue                            |             33 734 |             28 429 |
--------------------------------------------------------------------------------
| Operating profit                   |                225 |             -6 098 |
--------------------------------------------------------------------------------
| % of revenue                       |                0,7 |              -21,4 |
--------------------------------------------------------------------------------