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Lassila & Tikanoja 2005b share options to be listed on 2 January 2009

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LASSILA & TIKANOJA PLC	CORPORATE ACTION	30 DECEMBER 2008 13.00

Trading in Lassila & Tikanoja plc 2005B share option rights issued in 2005 will 
commence on the NASDAQ OMX Helsinki on 2 January 2009.                          

Each share option entitles its holder to subscribe for one (1) share of Lassila 
& Tikanoja plc (LAT1V). Pursuant to the 2005B share options a maximum of 176,000
Lassila & Tikanoja plc shares can be subscribed for. As a result of these       
subscriptions, the share capital may increase by a maximum of EUR 88,000. The   
subscription price per share is EUR 16.98.                                      

A total of 200,000 2005B share options were issued, but 24,000 options are      
possessed by L&T Advance Oy and they will not be used for share subscriptions.  

The subscription period for the 2005B share option rights began on 3 November   
2008 and will end on 31 May 2010.                                               

Basic information on Lassila & Tikanoja plc 2005B share options:                

Trading code: LAT1VEW205                                                        
ISIN code: FI0009618383                                                         
Exchange ratio: 1 (LAT1VEW205): 1 (LAT1V)                                       

Lassila & Tikanoja 2005B share options shall be subscribed at Evli Bank plc.    

In 2009, the increases in the share capital on the basis of the subscriptions   
are intended to be carried out according to the following schedule:             

--------------------------------------------------------------------------------
| Share subscription         | Entry in the Trade       | New shares listed    |
| deadline                   | Register                 |                      |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 29 January                 | 19 February              | 20 February          |
--------------------------------------------------------------------------------
| 29 May                     | 11 June                  | 12 June              |
--------------------------------------------------------------------------------
| 20 July                    | 10 August                | 11 August            |
--------------------------------------------------------------------------------
| 20 October                 | 5 November               | 6 November           |
--------------------------------------------------------------------------------
                                                                                

The shares shall entitle their holders to a dividend once the increase in the   
share capital has been entered in the Trade Register.                           

LASSILA & TIKANOJA PLC                                                          


Heli Pantzar                                                                    
Finance Director                                                                


APPENDIX   ORIGINAL TERMS AND CONDITIONS OF OPTION SCHEME 2005                  


For additional information please contact Heli Pantzar, Finance Director,       
tel. +358 10 636 2884                                                           


Distribution:                                                                   
NASDAQ OMX Helsinki                                                             
Major media                                                                     
www.lassila-tikanoja.com