ETTEPLAN OYJ INTERIM REPORT Q3: ETTEPLAN'S GROWTH CONTINUED

ETTEPLAN OYJ      INTERIM REPORT   OCTOBER 29, 2008  9:30am      1 (12)         

Etteplan Q3: ETTEPLAN'S GROWTH CONTINUED                                        

Interim report figures for July-September 2008                                  

- The Group's revenue increased by 31.0% to EUR 36.2 million (7-9/2007: EUR 27.6
  million). 
- Operating profit increased by 5.1% to EUR 2.2 million (EUR 2.1 million).      
- The profit for continuing operations for the period was EUR 1.4 million       
  (EUR 1.4 million). 
- Earnings per share came to EUR 0.07 (EUR 0.05).                               
- The number of personnel at the end of the period was 2,197 (2,061).           

Interim report figures for January-September 2008                               

- The Group's revenue increased by 35.0% to EUR 121.0 million (1-9/2007:        
  EUR 89.6 million). 
- Operating profit grew by 18.6% to EUR 10.1 million (EUR 8.5 million).         
- Profit for continuing operations for the period totaled EUR 6.9 million       
  (EUR 6.0 million). 
- Earnings per share came to EUR 0.34 (EUR 0.28).                               
- In the explanatory statement of comparative figures for 1-9/2007, capital     
  gains of EUR 0.84 million for the sale of NATLABS Oy have been eliminated. 
- At the beginning of 2008, Etteplan transferred to one segment in financial    
  reporting. 

Key figures (EUR 1 000)                                                         

                         7-9/2008  7-9/2007   1-9/2008  1-9/2007  1-12/2007     

Revenue                    36 198    27 629    120 959    89 629    125 192     
Operating profit            2 175     2 070     10 086     8 503 *)  10 788 *)  
Operating profit, %           6,0       7,5        8,3       9,5 *)     8,6 *)  
Profit for the period       1 397     1 426      6 891     5 996 *)   7 517 *)  
Profit for the period, %      3,9       5,2        5,7       6,7 *)     6,0 *)  
Equity ratio, %              35,2      41,3       35,2      41,3       40,7     
Net gearing, %               67,7      43,5       67,7      43,5       25,7     
Total assets               84 542    72 389     84 542    72 389     72 426     


*) In the comparative figures for 2007, capital gains of EUR 0.84 million for   
the sale of NATLABS Oy have been eliminated.                                    

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

“Etteplan's business operations continued to grow steadily in the third quarter.
We continued to develop our services in a consistent manner. The Chinese joint  
venture started operations in August, and at the end of the period Etteplan had 
almost 100 designers in China, providing services for our international         
customers. During the period, we acquired a majority holding in Innovation Team 
AB, thus strengthening our position as a partner of equipment manufacturers in  
the pharmaceutical industry and other sectors utilizing high technology.”       

Key customer approach basis for transferring to one segment                     

Etteplan provides services for various stages in the life cycle of its          
customers' products, from product development to product maintenance. For this  
reason, Etteplan has reorganized its operations such that services are provided 
on a key customer basis and not by design phase. As a result, the company has   
stopped reporting for two separate segments and transferred to one segment,     
which better depicts the current operations.                                    

Accounting principles                                                           

The interim report has been prepared in accordance with IAS 34 (Interim         
Financial Reporting) and the preparation and accounting policies presented in   
the 2007 annual financial statements, but not all requirements of the IAS 34 
standard for interim financial reporting have been followed in the accounting.  

REPORT FOR JULY-SEPTEMBER 2008                                                  

Business review for July-September                                              

Demand for technical design and technical information services remained high in 
July-September 2008. The company continued its profitable growth during the     
period. The number of commissions grew further in the heavy vehicle, aerospace, 
and defense equipment industries and for design of production lines and process 
plants. The number of commissions in the passenger car industry declined. The   
average utilization rate for the entire Group remained good throughout the      
period.                                                                         

Financial development for July-September                                        

Revenue in July-September increased by 31.0% from that of the corresponding     
period of the previous year and amounted to EUR 36.2 million (EUR 27.6 million).

Operating profit grew by 5.1% to EUR 2.2 million (EUR 2.1 million).             

Major events in the third quarter                                               

In July, Etteplan Oyj signed an agreement to acquire a majority stake in the    
Swedish Innovation Team AB. This company, established in 1989, specializes in   
product development services. The company's customer base consists primarily of 
equipment manufacturers in the pharmaceutical industry and other high-technology
companies in the energy and telecommunications industries. The acquisition was  
detailed in an investor release on July 2, 2008.                                

During the period under review, Etteplan signed framework agreements with Scania
AB and Gambro AB in Sweden. The company has concluded an agreement with         
Westinghouse AB on design of instrumentation for fuel rods in nuclear power     
plants.                                                                         

REPORT FOR JANUARY-SEPTEMBER 2008                                               

Business review for January-September                                           

Demand for technical design and technical information services was high in      
January-September 2008. The capacity utilization rate of the Group was good     
throughout the period under review. The most significant sources of growth were 
the heavy vehicle, aerospace, and mining industries, as well as production and  
industrial facilities.                                                          

Revenue                                                                         

In January-September 2008, Etteplan's revenue increased by 35.0% from that for  
the corresponding period of last year, amounting to EUR 121.0 million (EUR 89.6 
million). Organic growth accounted for 13.3% of revenue in the review period,   
and the remainder was attributable to corporate acquisitions.                   

Result                                                                          

Operating profit increased by 18.6% to EUR 10.1 million (EUR 8.5 million), or   
8.3% (9.5%) of revenue.                                                         

The profit for continuing operations for the period was EUR 9.4 million (EUR 8.3
million). Taxes came to EUR 2.5 million (EUR 2.3 million). Taxes have been      
periodized in line with the result for the period. The income tax rate          
calculated on profit before taxes in the consolidated income statement was 27.0%
(27.6%).                                                                        

Profit for continuing operations for the period was EUR 6.9 million (EUR 6.0    
million). Earnings per share were EUR 0.34 (EUR 0.28). Equity per share came to 
EUR 1.48 (EUR 1.44). The return on investment was 28.0% (28.6%).                

Financial position and cash flow                                                

Total assets as of September 30, 2008, had increased by 16.8% to EUR 84.5       
million (EUR 72.4 million). Goodwill as shown on the balance sheet was EUR 35.1 
million (EUR 29.2 million). The Group's cash and cash equivalents stood at      
EUR 3.4 million (EUR 2.9 million). The Group's interest-bearing liabilities     
showed an increase because of corporate acquisitions and the need for working   
capital on account of business growth, amounting to EUR 23.4 million (EUR 15.8  
million) at period end. The equity ratio was 35.2% (41.3%). Cash flow before    
investments and financial items totaled EUR 2.6 million (EUR 3.7 million).      

Capital expenditure                                                             

The Group's gross investments in the period under review came to EUR 11.0       
million (EUR 12.8 million). Some of them were financed with company-held shares.
The largest single investments were the acquisition of share capital of Cool    
Engineering AB, increase of ownership in Etteplan Technical Information Oy to   
100%, and completion of the Lutab Professor Sten Luthander Ingenjörsbyrå AB and 
Innovation Team AB acquisitions. Other investments were for business operations 
and business development.                                                       

Personnel                                                                       

Etteplan Group's operations and number of personnel have grown steadily. The    
number of the Group's personnel averaged 2,180 (1,799) during the review period 
and was 2,197 (2,061) at period end. Increases in staff numbers were mostly due 
to the business operations transferred to the Group. Outside Finland, the Group 
employed 1,097 people (1,031).                                                  

Assessment of operating risks and uncertainty factors                           

Risks related to Etteplan Group's business operations are divided into external 
and internal risks, and the risks are monitored according to this               
classification.                                                                 

External risks                                                                  

External risks include risks concerning economic development on the whole and   
unpredictable changes in customers' order backlog, which is classified as the   
greatest risk in the company's business operations. Scaling back of operations  
in the passenger car industry in Sweden is a risk that has emerged during the   
review period.                                                                  

Internal risks

Internal risks include strategic and operating risks, as well as financing
risks. 

Etteplan's most significant strategic risks relate both to development of
business operations and acquisitions. The company aims to manage this risk by
following its acquisitions policy and through procedures and models that have
been prepared on the basis of this policy. In addition to acquisitions, organic
growth is an important part of the growth objectives for Etteplan's business. 

Etteplan's greatest operating risks are related to commissions and personnel.
The company's commissions have an inherent risk of services or performances
including a professional error, omissions, or negligence that could cause
significant financial or other damage. In order to contain operating risks, the
company applies the following procedures: application of quality management
systems, codes of practice, and acceptance procedures, coupled with training of
personnel and compliance with instructions on management of quotes and
contracts, particularly in delimitation of contractual liability. The company
has a liability insurance program that encompasses the entire Group. However,
insurance does not cover all liability risk. Also, the company's business is
based on professional personnel, so availability of competent professionals is
an important factor in ensuring profitable growth and continued high-quality
business operations. 

Reviews concerning financing risks are presented in the notes to the interim    
report.                                                                         

The company controls the effects of increased financial uncertainty by actively 
supervising its receivables and by improving its debt collection processes.     

Annual General Meeting                                                          

The Etteplan Oyj Annual General Meeting was held in Vantaa on March 28, 2008.   
The Board of Directors was confirmed as having five members. Tapio Hakakari,    
Heikki Hornborg, Tapani Mönkkönen, Pertti Nupponen, and Matti Virtaala were     
reelected as members of the Board. At its organizational meeting of March 28,   
2008, the Board elected Heikki Hornborg as chairman and Tapani Mönkkönen as     
vice-chairman.                                                                  

The AGM granted the Board of Directors the authorization to decide upon an issue
of no more than 4,000,000 shares with a share issue or by granting option rights
or other specific rights, referred to in Chapter 10, Article 1 of the Companies 
Act, giving entitlement to shares in one or more lots. The authorization        
includes the right to decide to issue either new shares or company-held shares. 
The authorization is valid for three years from the time of the Annual General  
Meeting resolution - i.e., from March 28, 2008, through March 28, 2011.         

In addition, the AGM authorized the Board of Directors to decide to acquire the 
company's own shares in one or more lots with the company's non-restricted      
equity. The acquisition of the company's own shares may be done in a proportion 
other than that of the shareholders' share ownership; in other words, the Board 
of Directors may also decide on directed acquisition of the company's own       
shares. The authorization is valid for 18 months from the Annual General Meeting
resolution, beginning on March 28, 2008, and ending on September 28, 2009.      

The resolutions of the Annual General Meeting were detailed in a stock exchange 
release dated March 28, 2008.                                                   

Dividend                                                                        

The Annual General Meeting passed a resolution on a motion by the Board of      
Directors to pay a dividend for the 2007 financial year of EUR 0.21 per share,  
or a total of EUR 4,224,733.80. The remaining profit, totaling EUR 9.2 million, 
was retained in non-restricted equity. The dividend was paid on April 9, 2008.  

Shares                                                                          

Shares in Etteplan Oyj (ETT1V) are quoted in the NASDAQ OMX Helsinki Ltd's Small
Cap market capitalization group in the "Industrials" sector.                    

The company's share capital on September 30, 2008, 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 292,964 of its own shares on September 30, 2008. In            
January−September 2008, the company acquired 391,730 of its own shares. The     
company disposed of 296,166 company-held shares in January-September 2008.      

With a transaction completed on September 29, 2008, Ingman Finance Oy Ab's      
holding of Etteplan Oyj share capital and voting rights rose to exceed the 15%  
level. Etteplan published a stock exchange release on the change in ownership on
September 29, 2008.                                                             

Major events after the review period                                            

Volvo Car Corporation (VCC) has announced notable reductions in operations in   
Sweden. VCC has decided to reduce purchase of external design services by       
approximately 80%. Reductions will be implemented from November 2008 onwards.   
The effects of the reductions of Etteplan's design assignments are expected to  
become clear during the last quarter.                                           

Etteplan has decided to begin reorganizing its passenger car design operations. 
The aim of these reorganizations is to secure long term profitability of        
business. The reorganization will effect the personnel in Sweden.               

Outlook                                                                         

Demand for Etteplan's services is expected to remain fair in mining industry,   
energy and energy transfer sector, aerospace industry and heavy vehicle         
industry. Demand for design services in passenger car industry is expected to   
decrease considerably. Outlook for forest industry equipment design has become  
uncertain.                                                                      

The revenue for the full year is expected to show growth from the preceding     
year. The operating profit for the full year is expected to be approximately    
same size as the preceding year. The forecasted operating profit includes an    
estimate for the reorganization costs for passenger car design operations.      

The information presented herein has not been audited.                          

Hollola, on October 29, 2008                                                    

Etteplan Oyj                                                                    

Board of Directors                                                              


More information available from:                                                
Matti Hyytiäinen, President and CEO, at tel. +358 400 710 968                   
Pia Björk, CFO and vice-president for Corporate Planning, at tel. +358 400 241
815 


APPENDIX:                                                                       
Financial Statement Summary and Notes                                           
  Consolidated Income Statement                                                 
  Consolidated Balance Sheet                                                    
  Consolidated Cash Flow Statement                                              
  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 Ltd.                                                        
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.                                            



--------------------------------------------------------------------------------
| CONSOLIDATED INCOME STATEMENT                                           |    |
--------------------------------------------------------------------------------
| (EUR 1 000)             |   7-9/ |    7-9/ |    1-9/ |    1-9/ |       1-12/ |
--------------------------------------------------------------------------------
|                         |   2008 |    2007 |    2008 |    2007 |        2007 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Continuing operations                                                        |
--------------------------------------------------------------------------------
| Revenue                 | 36 198 |  27 630 | 120 959 |  89 629 |     125 192 |
--------------------------------------------------------------------------------
| Other operating income  |     10 |      33 |     124 |   1 005 |       1 130 |
--------------------------------------------------------------------------------
| Materials and services  | -2 903 |  -1 867 |  -8 557 |  -5 766 |      -7 941 |
--------------------------------------------------------------------------------
| Staff costs             |    -24 | -19 329 | -81 905 | -61 688 |     -86 486 |
|                         |    688 |         |         |         |             |
--------------------------------------------------------------------------------
| Other operating         | -5 981 |  -3 907 | -19 152 | -12 425 |     -18 351 |
| expenses                |        |         |         |         |             |
--------------------------------------------------------------------------------
| Depreciation and        |   -461 |    -491 |  -1 384 |  -1 413 |      -1 917 |
| amortisation            |        |         |         |         |             |
--------------------------------------------------------------------------------
| Operating profit        |  2 175 |   2 069 |  10 086 |   9 343 |      11 628 |
--------------------------------------------------------------------------------
| Financial income        |     45 |      48 |     103 |     106 |         280 |
--------------------------------------------------------------------------------
| Financial expenses      |   -276 |    -135 |    -766 |    -322 |        -534 |
--------------------------------------------------------------------------------
| Profit before taxes     |  1 945 |   1 983 |   9 423 |   9 127 |      11 373 |
--------------------------------------------------------------------------------
| Income taxes            |   -540 |    -557 |  -2 524 |  -2 291 |      -3 016 |
--------------------------------------------------------------------------------
| Profit for the          |  1 405 |   1 426 |   6 899 |   6 836 |       8 357 |
| financial year          |        |         |         |         |             |
| Continuing operations   |        |         |         |         |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Discontinuing operations                                                     |
--------------------------------------------------------------------------------
| Profit/loss for the     |      0 |    -140 |    -140 |     -27 |        -146 |
| financial year,         |        |         |         |         |             |
| discontinuing           |        |         |         |         |             |
| operations              |        |         |         |         |             |
--------------------------------------------------------------------------------
| Profit for the          |  1 405 |   1 285 |   6 759 |   6 809 |       8 211 |
| financial year          |        |         |         |         |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Attributable to                                                              |
--------------------------------------------------------------------------------
| Equity holders of the   |  1 397 |   1 215 |   6 751 |   6 487 |       7 848 |
| company                 |        |         |         |         |             |
--------------------------------------------------------------------------------
| Minority interest       |      8 |      70 |       8 |     322 |         363 |
--------------------------------------------------------------------------------
|                         |  1 405 |   1 285 |   6 759 |   6 809 |       8 211 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share                                                           |
--------------------------------------------------------------------------------
| Continuing operations                                                        |
--------------------------------------------------------------------------------
| Basic earnings per      |   0,07 |    0,07 |    0,34 |    0,33 |        0,40 |
| share, EUR              |        |         |         |         |             |
--------------------------------------------------------------------------------
| Diluted earnings per    |   0,07 |    0,07 |    0,34 |    0,33 |        0,40 |
| share, EUR              |        |         |         |         |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Discontinuing operations                                                     |
--------------------------------------------------------------------------------
| Basic earnings per      |   0,00 |   -0,01 |   -0,01 |    0,00 |       -0,01 |
| share, EUR              |        |         |         |         |             |
--------------------------------------------------------------------------------
| Diluted earnings per    |   0,00 |   -0,01 |   -0,01 |    0,00 |       -0,01 |
| share, EUR              |        |         |         |         |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| CONSOLIDATED BALANCE SHEET                                                   |
--------------------------------------------------------------------------------
| (EUR 1 000)                        |  30.9.2008 |   30.9.2007 |   31.12.2007 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| ASSETS                                                                       |
--------------------------------------------------------------------------------
| Non-current assets                 |                                         |
--------------------------------------------------------------------------------
| Property, plant and equipment      |      2 507 |       2 234 |        1 944 |
--------------------------------------------------------------------------------
| Goodwill                           |     35 063 |      29 156 |       28 751 |
--------------------------------------------------------------------------------
| Other intangible assets            |      2 163 |       2 327 |        2 131 |
--------------------------------------------------------------------------------
| Investments available for sales    |        443 |         420 |          420 |
--------------------------------------------------------------------------------
| Other long-term receivables        |        787 |         835 |          816 |
--------------------------------------------------------------------------------
| Deferred tax assets                |         33 |         210 |           34 |
--------------------------------------------------------------------------------
| Non-current assets, total          |     40 996 |      35 180 |       34 096 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current assets                                                               |
--------------------------------------------------------------------------------
| Trade and other receivables        |     39 343 |      33 948 |       30 890 |
--------------------------------------------------------------------------------
| Current tax assets                 |        833 |         350 |          198 |
--------------------------------------------------------------------------------
| Cash and cash equivalents          |      3 370 |       2 910 |        7 243 |
--------------------------------------------------------------------------------
| Current assets, total              |     43 546 |      37 209 |       38 330 |
--------------------------------------------------------------------------------
| TOTAL ASSETS                       |     84 542 |      72 389 |       72 426 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 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           |      2 474 |       2 601 |        2 601 |
--------------------------------------------------------------------------------
| Own shares                         |     -1 265 |           0 |         -962 |
--------------------------------------------------------------------------------
| Cumulative translation adjustment  |     -2 127 |           4 |         -823 |
--------------------------------------------------------------------------------
| Retained earnings                  |     11 962 |       8 339 |        8 339 |
--------------------------------------------------------------------------------
| Net profit for the financial year  |      6 751 |       6 487 |        7 848 |
--------------------------------------------------------------------------------
| Capital attributable to equity     |     29 497 |      29 132 |       28 704 |
| holders, total                     |            |             |              |
--------------------------------------------------------------------------------
| Minority interest                  |         77 |         568 |          597 |
--------------------------------------------------------------------------------
| Equity, total                      |     29 574 |      29 701 |       29 301 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current liabilities                                                      |
--------------------------------------------------------------------------------
| Deferred tax liability             |      1 543 |         959 |        1 511 |
--------------------------------------------------------------------------------
| Non-current interest-bearing       |      8 684 |      12 680 |       11 606 |
| liabilities                        |            |             |              |
--------------------------------------------------------------------------------
| Non-current liabilities, total     |     10 227 |      13 640 |       13 117 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current liabilities                                                          |
--------------------------------------------------------------------------------
| Current interest-bearing           |     14 721 |       3 141 |        3 170 |
| liabilities                        |            |             |              |
--------------------------------------------------------------------------------
| Trade and other payables           |     28 314 |      24 137 |       25 415 |
--------------------------------------------------------------------------------
| Current income tax liabilities     |      1 704 |       1 771 |        1 422 |
--------------------------------------------------------------------------------
| Current liabilities, total         |     44 740 |      29 049 |       30 008 |
--------------------------------------------------------------------------------
| Liabilities, total                 |     54 968 |      42 688 |       43 125 |
--------------------------------------------------------------------------------
| TOTAL EQUITY AND LIABILITIES       |     84 542 |      72 389 |       72 426 |
--------------------------------------------------------------------------------



--------------------------------------------------------------------------------
| CONSOLIDATED CASH FLOW STATEMENT                                             |
--------------------------------------------------------------------------------
| (EUR 1 000)                                 |     1-9/ |    1-9/ |     1-12/ |
--------------------------------------------------------------------------------
|                                             |     2008 |    2007 |      2007 |
--------------------------------------------------------------------------------
| Operating cash flow                                                          |
--------------------------------------------------------------------------------
| Cash receipts from customers                |  116 739 |  86 751 |   121 031 |
--------------------------------------------------------------------------------
| Cash receipts from other operating income   |      123 |     165 |       277 |
--------------------------------------------------------------------------------
| Operating expenses paid                     |  110 752 |  81 607 |   109 430 |
--------------------------------------------------------------------------------
| Operating cash flow before financial items  |    6 110 |   5 309 |    11 878 |
| and taxes                                   |          |         |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest and payment paid for financial     |      710 |     286 |       491 |
| expenses                                    |          |         |           |
--------------------------------------------------------------------------------
| Interest received                           |      103 |     106 |       280 |
--------------------------------------------------------------------------------
| Income taxes paid                           |    2 880 |   1 380 |     1 881 |
--------------------------------------------------------------------------------
| Operating cash flow ( A )                   |    2 624 |   3 749 |     9 787 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Investing cash flow                                                          |
--------------------------------------------------------------------------------
| Purchase of tangible and intangible assets  |    1 273 |     810 |       834 |
--------------------------------------------------------------------------------
| Acquisition of subsidiaries                 |    7 582 |   8 299 |     8 271 |
--------------------------------------------------------------------------------
| Disposal of subsidiaries                    |        0 |     633 |       578 |
--------------------------------------------------------------------------------
| Proceeds from sale of tangible and          |       37 |      46 |        86 |
| intangible assets                           |          |         |           |
--------------------------------------------------------------------------------
| Proceeds from repayments of loans           |        0 |     540 |       540 |
--------------------------------------------------------------------------------
| Proceeds from sale of investments           |       31 |       5 |         5 |
--------------------------------------------------------------------------------
| Investing cash flow ( B )                   |   -8 788 |  -7 885 |    -7 896 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Financing cash flow                                                          |
--------------------------------------------------------------------------------
| Purchase of own shares                      |    1 816 |       0 |       962 |
--------------------------------------------------------------------------------
| Short-term loans, increase                  |   12 125 |       0 |         0 |
--------------------------------------------------------------------------------
| Long-term loans, increase                   |       22 |   5 293 |     5 128 |
--------------------------------------------------------------------------------
| Long-term loans, decrease                   |    3 681 |   1 597 |     2 108 |
--------------------------------------------------------------------------------
| Dividend paid and other profit distribution |    4 225 |   2 776 |     2 776 |
--------------------------------------------------------------------------------
| Financing cash flow ( C )                   |    2 425 |     920 |      -718 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Variation in cash (A + B + C)               |                                |
--------------------------------------------------------------------------------
| increase ( + ) / decrease ( - )             |   -3 740 |  -3 216 |     1 173 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets in the beginning of the period       |    7 243 |   6 174 |     6 174 |
--------------------------------------------------------------------------------
| Exchange gains or losses on cash and bank   |      133 |      48 |       104 |
| equivalents                                 |          |         |           |
--------------------------------------------------------------------------------
| Assets at the end of the period             |    3 370 |   2 910 |     7 243 |
--------------------------------------------------------------------------------


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) Minority Interest                                                            
H) Total                                                                        

--------------------------------------------------------------------------------
|           |   A   |   B   |   C   |   D   |   E   |   F    |   G    |   H    |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity    | 2 443 | 9 179 |     0 |     0 |    43 | 10 931 |    872 | 23 468 |
| 1.1.2007  |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Dividends |       |       |       |       |       | -2 592 |   -201 | -2 793 |
--------------------------------------------------------------------------------
| Share     | 2 557 |    -2 | 2 601 |       |       |        |        |  2 680 |
| issue     |       |   478 |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Purchase  |       |       |       |  -962 |       |        |        |   -962 |
| of own    |       |       |       |       |       |        |        |        |
| shares    |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Changes   |       |       |       |       |       |        |   -437 |   -437 |
| in        |       |       |       |       |       |        |        |        |
| ownership |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Net       |       |       |       |       |       |  7 848 |    363 |  8 211 |
| profit    |       |       |       |       |       |        |        |        |
| for the   |       |       |       |       |       |        |        |        |
| financial |       |       |       |       |       |        |        |        |
| year      |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Translati |       |       |       |       |  -866 |        |        |   -866 |
| on        |       |       |       |       |       |        |        |        |
| adjustmen |       |       |       |       |       |        |        |        |
| t         |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Equity    | 5 000 | 6 701 | 2 601 |  -962 |  -823 | 16 187 |    597 | 29 301 |
| 31.12.200 |       |       |       |       |       |        |        |        |
| 7         |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity    | 5 000 | 6 701 | 2 601 |  -962 |  -823 | 16 187 |    597 | 29 301 |
| 1.1.2008  |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Dividends |       |       |       |       |       | -4 225 |        | -4 225 |
--------------------------------------------------------------------------------
| Purchase  |       |       |       |    -1 |       |        |        | -1 816 |
| of own    |       |       |       |   816 |       |        |        |        |
| shares    |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Disposal  |       |       |  -127 | 1 401 |       |        |        |  1 274 |
| of own    |       |       |       |       |       |        |        |        |
| shares    |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Shares to |       |       |       |   112 |       |        |        |    112 |
| be issued |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Changes   |       |       |       |       |       |        |   -520 |   -520 |
| in        |       |       |       |       |       |        |        |        |
| ownership |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Net       |       |       |       |       |       |  6 751 |        |  6 751 |
| profit    |       |       |       |       |       |        |        |        |
| for the   |       |       |       |       |       |        |        |        |
| financial |       |       |       |       |       |        |        |        |
| period    |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Translati |       |       |       |       |    -1 |        |        | -1 304 |
| on        |       |       |       |       |   304 |        |        |        |
| adjustmen |       |       |       |       |       |        |        |        |
| t         |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Equity    | 5 000 | 6 701 | 2 474 |    -1 |    -2 | 18 713 |     77 | 29 574 |
| 30.9.2008 |       |       |       |   265 |   127 |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity    | 2 443 | 9 179 |     0 |     0 |    43 | 10 931 |    872 | 23 468 |
| 1.1.2007  |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Dividends |       |       |       |       |       | -2 592 |   -201 | -2 793 |
--------------------------------------------------------------------------------
| Share     | 2 557 |    -2 | 2 601 |       |       |        |        |  2 680 |
| issue     |       |   478 |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Changes   |       |       |       |       |       |        |   -424 |   -424 |
| in        |       |       |       |       |       |        |        |        |
| ownership |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Net       |       |       |       |       |       |  6 487 |    321 |  6 808 |
| profit    |       |       |       |       |       |        |        |        |
| for the   |       |       |       |       |       |        |        |        |
| financial |       |       |       |       |       |        |        |        |
| period    |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Translati |       |       |       |       |   -38 |        |        |    -38 |
| on        |       |       |       |       |       |        |        |        |
| adjustmen |       |       |       |       |       |        |        |        |
| t         |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------
| Equity    | 5 000 | 6 701 | 2 601 |     0 |     4 | 14 826 |    568 | 29 701 |
| 30.9.2007 |       |       |       |       |       |        |        |        |
--------------------------------------------------------------------------------



--------------------------------------------------------------------------------
| ETTEPLAN OYJ                |          |           |           |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| KEY FIGURES                 |     1-9/ |      1-9/ |     1-12/ |   Change to |
--------------------------------------------------------------------------------
| (EUR 1 000)                 |     2008 |      2007 |      2007 |   prev.year |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Revenue                     |  120 959 |    89 629 |   125 192 |      35,0 % |
--------------------------------------------------------------------------------
| Operating profit            |   10 086 |     9 343 |    11 628 |       8,0 % |
--------------------------------------------------------------------------------
| Operating profit, %         |      8,3 |      10,4 |       9,3 |             |
--------------------------------------------------------------------------------
| Profit before taxes         |    9 423 |     9 127 |    11 374 |       3,2 % |
--------------------------------------------------------------------------------
| Profit before taxes, %      |      7,8 |      10,2 |       9,1 |             |
--------------------------------------------------------------------------------
| Return on equity, %         |     31,2 |      34,1 |      31,7 |             |
--------------------------------------------------------------------------------
| Return on investment, % *)  |     28,0 |      31,4 |      30,4 |             |
--------------------------------------------------------------------------------
| Equity ratio %              |     35,2 |      41,3 |      40,7 |             |
--------------------------------------------------------------------------------
| Gross interest-bearing debt |   23 406 |    15 821 |    14 777 |      47,9 % |
--------------------------------------------------------------------------------
| Net gearing, %              |     67,7 |      43,5 |      25,7 |             |
--------------------------------------------------------------------------------
| Balance sheet, total        |   84 542 |    72 389 |    72 426 |      16,8 % |
--------------------------------------------------------------------------------
| Gross investments           |   10 952 |    12 798 |    13 197 |     -14,4 % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share, EUR     |     0,34 |      0,32 |      0,40 |       6,1 % |
--------------------------------------------------------------------------------
| Equity per share, EUR       |     1,48 |      1,44 |      1,44 |       2,5 % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Personnel, average          |    2 180 |     1 799 |     1 895 |      21,2 % |
--------------------------------------------------------------------------------
| Personnel at end of the     |    2 197 |     2 061 |     1 949 |       6,6 % |
| 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 that was 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. In serving core        
customers, Etteplan's services extend worldwide.                                

The Etteplan Oyj Board of Directors approved the interim report for publication 
at its meeting of October 28, 2008.                                             

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 2007 annual financial statements, but not all requirements of the IAS 34    
standard for interim financial reporting have been followed in the accounting.  

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.                              

At the beginning of 2008, the Group started applying the amended instructions of
IFRS 2 (Share-Based Payments). Apart from this, the accounting principles used  
were the same as for the 2007 annual financial statements. The annual financial 
statements are available at www.etteplan.com/investors/etteplan07.pdf, and the  
accounting policy is detailed on pages 24-27 of the annual report.              

Income taxes                                                                    

The taxes listed in the consolidated income statement have been calculated with 
the tax rate appropriate for the forecast full-year result. The estimated       
average effective tax rate for the year has been set separately for each        
country. The effective tax rate used in the interim report is 27.0%.            

Acquired business operations                                                    

During the period under review, the Group acquired a majority stake in the      
Swedish Innovation Team AB. The Group's holding in the company is 91.0%.        

Financial risks                                                                 

Etteplan Oyj's operations involve financial risks, such as foreign-currency,    
refinancing and liquidity, interest, and operational credit risks. The Group's  
financial risk management concentrates on minimizing the unfavorable impact of  
changes in the financial markets on the Group's financial result.               

Foreign-currency risk                                                           

Etteplan's business operations involve transaction and translation risks        
generated by fluctuations in exchange rates. The Group has no major transaction 
risks, because business transactions are handled mainly in the currency of the  
project country of each Group company, primarily the euro and the Swedish krona.
In the period under review, the company did not take steps to protect itself    
against exchange rate changes, since the currency risks were not deemed         
significant. 

The future will see the increasing number of subcontracting projects between 
Group companies and different countries increasing the currency risk involved
in unfavorable exchange rate changes. The Group's translation risk refers to 
the impact of fluctuations in exchange rates from translating balance sheet 
items of subsidiaries into euros; the Group takes steps to keep translation 
risk at a minimum by generating financing for the necessary working capital 
in local  currencies whenever this is feasible. The levels of the translation
differences in goodwill involved in the Group's foreign company acquisitions 
and investments are monitored in conjunction with the impairment tests for 
goodwill. 

Interest risk                                                                   

The impact of changes in interest rates on the value of interest-bearing        
receivables and liabilities in different currencies generates interest risk. 
The Group's cash assets are invested in risk-free interest-bearing investments. 
Hedging interest is the means employed to manage the extent of interest risk    
related to the fixed and fluctuating interest-bearing loans in the loan         
portfolio or to long-term credits.                                              

Refinancing and liquidity risk                                                  

The Group has negotiated adequate credit facilities to minimize refinancing and 
liquidity risk and to cover the estimated financing needs.                      

Operational credit risks                                                        

A considerable proportion of the business operations focus on large, financially
solid companies that operate internationally. The Group has guidelines to       
guarantee that services are sold to only those with an appropriate credit       
rating. The financial status of the customers may have an impact on debt        
collection and the amount of credit losses. The company controls the effects of 
increased financial uncertainty by actively supervising its receivables and by  
working to enhance its debt collection processes.

About Us

Etteplan’s services cover engineering, technical documentation, embedded systems and IoT solutions. Our customers are the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products and engineering processes throughout the product life cycle. The results of Etteplan’s innovative engineering can be seen in numerous industrial solutions and everyday products. In 2016, Etteplan had turnover of EUR 183.9 million. The company has over 2,500 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker.

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