Biohit starts statutory cooperation negotiations in Finland to improve efficiency and profitability

Biohit Corporation

Stock exchange release

7 September 2012 at 15:00

Biohit Corporation starts statutory cooperation negotiations in Finland concerning its whole personnel to reorganize its operations. The actions are aimed at improving the competitiveness and profitability of the Company.

The goal is to reach annual cost savings of approximately EUR 350.000 in fixed costs. It is estimated that the cost savings would be implemented both by way of reduction in workforce and through other measures. At the moment it is estimated that the negotiations may result in reduction of five full time employees in Finland.

The Company employed 29 people at the end of July. The negotiations are expected to be completed during September 2012.

BIOHIT CORPORATION

Semi Korpela

CEO

Further information:

CEO Semi Korpela, tel. +358-40 573 7701.

Distribution:

NASDAQ OMX Helsinki

Major media

www.biohithealthcare.com