VAAHTO GROUP INTERIM MANAGEMENT STATEMENT FOR SEPTEMBER 1, 2007 - JUNE 27, 2008

VAAHTO GROUP PLC OYJ INTERIM MANAGEMENT STATEMENT 27.6.2008 at 10.00

VAAHTO GROUP INTERIM MANAGEMENT STATEMENT FOR SEPTEMBER 1, 2007 - JUNE 27, 2008

In the period under review, Vaahto Group's turnover and result developed as
expected. The Group's turnover for September 1, 2007 - May 31, 2008, was 60.3
million euros (59.6 million euros for the corresponding period in the previous
fiscal year), with an operating profit of 0.6 million euros (comparative: 1.8
million euros). In spite of the slightly increased turnover, the Group's result
was lower than the equivalent figure for the reference period. The main reason
for decreased profits was the poor profitability of the Pulp & Paper Machinery
division's project deliveries completed during the period under review. The
order backlog on May 31, 2008, was 24.8 million euros, which is lower than the
33.5 million euros presented in the interim report released on February 29,
2008. 

Pulp & Paper Machinery 

The Pulp & Paper Machinery division's turnover for September 1, 2007 - May 31,
2008, was 33.7 million euros, compared to 38.2 million euros for the
corresponding period of the previous fiscal year. The division's result was
lower than in the reference period and became negative. The result was
undermined by the poor profitability of project deliveries completed during the
period and the low turnover experienced at the end of the period. 

The market situation for the Pulp & Paper Machinery division remained
challenging, and the order backlog decreased during the period. However, the
division is processing a significant number of projects in the offer phase. 

Process Machinery

The Process Machinery division's turnover for September 1, 2007 - May 31, 2008,
came to 26.6 million euros (21.4 million euros for the corresponding period in
the previous fiscal year). The turnover was 24 percent higher than that of the
reference period, increasing in both the tank and agitator fields; both product
groups' profitability was better than that seen in the reference period. 

During the period under review, Vaahto Oy signed an agreement to sell its
spiral heat exchanger business, which belonged to the Process Machinery
division, to the German HES Heat Exchanger Systems GmbH. Vaahto Oy is expected
to recognize some profit for the sale in the fourth quarter of the fiscal year. 

The Process Machinery division's market situation has remained fair, and the
order backlog is good for both tanks and agitators. 

Estimate for the September 1, 2007 - August 31, 2008 fiscal year

Vaahto Group's order backlog decreased in the period under review, and the
turnover for the fiscal year is expected to show a decrease from the previous
year's level. This poses clear challenges for profitability development in the
fourth quarter of the fiscal year. 

The information is unaudited.

Lahti, June 27, 2008

VAAHTO GROUP PLC OYJ

Board of Directors

Information: 
Antti Vaahto
CEO, Vaahto Group Plc Oyj
Tel.: +358 40 823 2835