December 7, 2007

Onninen Oy acquires telecom and network product wholesaler
Teletekno Oy

On December 7, 2006, Onninen Oy and the shareholders of Teletekno Oy made an agreement by which Onninen will acquire all the stock in Teletekno at the beginning of 2007.
"This acquisition is very much in line with our strategy of becoming the first choice materials service provider for our partners, particularly in Finland. The deal reinforces our know-how and competitiveness in the telecom and data product market, both in Finland and abroad," says Harri Sivula, President and CEO of Onninen Oy.

"The acquisition allows us to offer even more comprehensive materials service solutions for civil engineering. We now also have a broader product and service selection to offer industrial and construction contractors. Our aim is to employ and develop Teletekno's extensive experience and competence in the field," explains First Executive Vice President Tuomo Väänänen.
"Being acquired by Onninen gives us significant new opportunities, for example in carrying out large partnership projects," says Paul-Erik Sjöman, Managing Director of Teletekno.
 Teletekno will continue operating as before, under the new name of Onninen Teletekno Oy.
 Paul-Erik Sjöman will stay on as Managing Director.

Acquisition still requires Competition Official's approval. Estimated time of finalising the acquisition is in January 2007. According to the agreement, the acquisition price will not be published.

 For further information contact:
 President and CEO Harri Sivula, Onninen Oy, tel. +358 (0)20 485 5540
 First Executive Vice President Tuomo Väänänen, Onninen Oy, tel. +358 (0)20 485 5458

Kai Puustinen
SVP, Group Communications
Onninen Oy

Teletekno, established in 1940, is a Finnish importer and wholesaler of telecommunication and network products. In addition to wholesaling, Teletekno carries out manufacture and product development in relation to fiber optic and copper cable products. Our company has revenues of EUR 26 million and we employ 120 people. In addition to the operations in Finland, we have subsidiaries in Estonia, Latvia, Lithuania and Norway, and a representative office in Russia.

Onninen offers comprehensive materials services to contractors, industry, public organizations and retailers.
We have operated as a family-owned company in our field since 1913. Today we employ a total of 3 000 people in Finland, Sweden, Norway, Poland, Russia and Baltic countries. In 2005 our turnover totalled EUR 1,3 billion.