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SRV mergers domestic operations to boost growth

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SRV Group Plc          Stock Exchange Release     4 November 2010      8.32 am.
EET 

                         

SRV mergers its Business Premises and Housing and Regional business areas in    
Finland as from 1 January 2011. After the merger, SRV's business operations will
be divided into two business areas: Operations in Finland and International     
Operations. In addition, the company will report Other operations in accordance 
with the present practice. In its financial reporting, the company will give    
more detailed information on Business Premises construction and Housing         
construction within the business segments.                                      

The CEO of the company resulting from the merger is Jukka Hienonen. He will also
continue as CEO of the mother company, SRV Group Plc. Juha Pekka Ojala will be  
in charge of the Business Premises operations and Juha-Veikko Nikulainen of the 
Housing operations. The regional units will report of their overall operations  
to the director of Business Premises. The company has regional units in Turku,  
Tampere, Jyväskylä, Oulu, Lappeenranta and Joensuu.                             

The objective of the merger is to strengthen operational resources in order to  
increase business activities outside the Greater Helsinki area both in business 
premises and in housing. The merger improves also the steerability of           
operations.                                                                     

“SRV has a considerable market position in the construction of business premises
and housing in the Greater Helsinki area. Earlier, our regional units have      
focused on residential construction. By combining the operations into one       
organisation we can now utilise better our strong expertise in Business Premises
all over Finland, and enter into large-scale nonresidential projects”, says     
Jukka Hienonen, CEO of SRV.                                                     

In January - September 2010, revenue in SRV's Business Premises business area   
amounted to EUR 216.3 million and in Housing and regional operations to EUR 98.9
million. The operations employ a total of 562employees, whose contracts will be 
continued unchanged. The aim is that the juridical changes could be finalised by
the end of March 2011.                                                          

SRV Group Plc                                                                   
Jukka Hienonen                                                                  
CEO                                                                             


Further information:                                                            
Jukka Hienonen, CEO, tel. +201 45 5212                                          

Distribution: Nasdaq OMX Helsinki, main media

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