Vaahto Roll Service Oy, a Subsidiary of Vaahto Group, Concludes Co-determination Negotiations

VAAHTO GROUP PLC OYJ STOCK EXCHANGE BULLETIN 2.2.2009 at 13.30

VAAHTO ROLL SERVICE OY, A SUBSIDIARY OF VAAHTO GROUP, CONCLUDES CO-DETERMINATION NEGOTIATIONS

The co-determination negotiations concerning Vaahto Roll Service Oy, a subsidiary of Vaahto Group, have been concluded. The results of the negotiations were to terminate total 5 employment contracts. In addition to this, Vaahto Roll Service Oy shall lay-off total 60 persons for varying periods of time, starting from two weeks’ period and ending to lay-offs until further notice. Vaahto Roll Service Oy has total about 65 salaried and blue-collar employees in Tampere.

Lahti February 2, 2009

VAAHTO GROUP PLC OYJ

Antti Vaahto

President (CEO)

Information:

Antti Vaahto

CEO, Vaahto Group Plc Oyj

tel. +358 40 8232835

 

Vaahto Group is a globally operating high technology company serving process industry in the fields of pulp and paper machinery and process machinery.