English

LÄNNEN TEHTAAT SOLD ITS FROZEN FOOD FACTORY PROPERTY IN TURKU AND WILL TRANSFER

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Lännen Tehtaat plc     Stock Exchange Release    November 15, 2006 at 15;45 p.m.


LÄNNEN TEHTAAT SOLD ITS FROZEN FOOD FACTORY PROPERTY IN TURKU AND WILL TRANSFER
THE FACTORY'S PRODUCTION TO SÄKYLÄ

Lännen Tehtaat plc has sold the food factory property of its Apetit Frozen Foods
unit in Turku to a Finnish property investor. In connection with the sale, Lännen
Tehtaat agreed to lease the factory premises from the buyer up to the end of
2008.

An approximate one-off loss of EUR 0.5 million will be recorded on the sale in
Lännen Tehtaat's profit for the last quarter in 2006.

Lännen Tehtaat plc management has today closed statutory negotiations with staff
on the closing down the factory in Turku and the transfer of production to
Säkylä. The statutory negotiations between staff and management concerned 53
employees working in production at Apetit Frozen Foods' Turku factory; 40-45 of
them can be offered work in Säkylä.

By concentrating production in Säkylä, Apetit Frozen Foods is looking for a
positive effect of some EUR 0.9 million on profit as of 2009. The planned
transfer of production has a minor negative effect on the 2007 and 2008 profits.
Transfer of production from Turku to Säkylä will require investment of about EUR
3,5 million. The transfer is scheduled to take place by the end of 2008.

The net turnover of the Apetit Frozen Foods unit is approximately EUR 50 million
and the unit employs some 300 people.


LÄNNEN TEHTAAT PLC
Matti Karppinen
CEO


More details:
Matti Karppinen, tel. +358 10 402 4001
Antti Kerttula, tel. +358 10 4301

Distribution:
Helsinki Stock Exchange
Main media
www.lannen.fi

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