ETTEPLAN OYJ UPDATES ITS STRATEGY AND RENEWS ORGANIZATION

ETTEPLAN OYJ STOCK EXCHANGE RELEASE FEBRUARY 24, 2012 AT 10:00 A.M.

ETTEPLAN OYJ UPDATES ITS STRATEGY AND RENEWS ORGANIZATION

Etteplan lifts Engineering Methods as the fourth strategic theme to complement the themes specified in 2009: Customer Focus, Service Solutions and One Etteplan. The goal of the company is to be market leader in the development of advanced engineering methods. Engineering methods is defined as expertise and tacit knowledge on engineering processes, practices, products and technologies. With the help of advanced engineering methods  Etteplan differentiates from the competitors.

Etteplan’s knowledge of advanced engineering methods is the sum of focused efforts, the development of in-house operating models and business acquisitions. The knowledge of engineering methods has enabled the development of versatile solutions, which include, among others, Etteplan’s service products and high-quality offshoring services from China. The company is developing engineering methods to correspond to emerging customer needs.

Focusing on engineering methods development complements and strengthens Etteplan’s current strategy. The strategy has worked well in the prevailing market situation; the company has grown faster than the markets and strengthened its market position.

Organization and Management Group renewed to support the updated strategy

Etteplan renews its organization to correspond to the updated strategy. The new organization will be effective as of March 1, 2012. The goal of the reorganization is to support the strategy implementation, speed up organic growth and boost Etteplan’s co-operation across organizational and country borders.

As of March 1, 2012 Etteplan’s Management Group will consist of the following persons in addition to President and CEO Juha Näkki:

Per-Anders Gådin, Senior Vice President, Finance & IT
Veikko Lamminen, Senior Vice President, Operations Finland
Outi-Maria Liedes, Senior Vice President, Communications & Operational Development
Mikael Vatn, Senior Vice President, Operations Sweden

The members of the Management Group report to the President and CEO.

Peter Jahn will continue with the company as Vice President, Enterprise Solutions. Peter Jahn reports to President and CEO Juha Näkki.

It has been agreed with Niclas Gräns, Vice President, Partner Network, that his employment with the company ends upon closing the Partner Network function he was in charge of.

Hollola, February 24, 2012

Etteplan Oyj

Group Communications

Additional information:
Juha Näkki, President and CEO, tel. +358 400 606 372

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

Etteplan is a specialist in industrial equipment engineering and technical product information solutions and services. Etteplan’s engineering expertise and service products cover the entire life cycle of the client’s products. Our customers are global leaders in their fields and operate in areas like the automotive, aerospace and defense 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.

In 2011, Etteplan had turnover of EUR 119.4 million. The company currently has more than 1, 600 experts in Finland, Sweden, and China. Etteplan’s shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.