WULFF GROUP PLC'S INTERIM REPORT FOR JANUARY 1 - JUNE 30, 2010


WULFF GROUP PLC                                                                 
STOCK EXCHANGE RELEASE 	August 11, 2010 at 9:00 A.M.                           


WULFF GROUP PLC'S INTERIM REPORT FOR JANUARY 1 - JUNE 30, 2010                  

- Net sales for the first six months increased strongly by 44.8 percentages up
to EUR 45.6 million from last year's comparable period (EUR 31.5 million). The 
sales increase was due to the acquisition of Wulff Supplies Ab which operates in
Sweden, Norway and Denmark and since the end of July 2009 is part of Wulff      
Group. Net sales in April-June totalled EUR 24.0 million with an increase of    
62.9 percentages from the comparable period last year (EUR 14.7 million).       

- The integration of Wulff Supplies with Wulff Group has been managed with 
success. The Nordic cooperation and the synergies in e.g. purchases give the    
customers even more competitive products and services. In the first half of     
2010, Wulff Supplies managed to both increase its market share and win new      
customers.                                                                      

- In January-June 2010, the EBITDA was EUR 0.06 million which was lower than in 
the comparable period last year (EUR 0.36 million). In April-June 2010, the     
EBITDA was EUR 0.00 million (EUR 0.28 million).                                 

- The operating loss was EUR 0.45 million for the first half of 2010 compared
to the operating loss of EUR 0.07 million a year ago. In April-June, the
operating result was EUR -0.29 million (EUR +0.06 million). 

- Loss before taxes totalled EUR 0.24 million (EUR -0.17 million) in
January-June and EUR 0.20 million (EUR +0.05 million) in April-June. 

- Earnings per share were EUR -0.06 (EUR -0.06) for the six-month period and
EUR -0.02 (EUR -0.01) for the second quarter. 


NET SALES                                                                       

During the whole six-month period, the net sales increased strongly by 44.8     
percentages up to EUR 45.6 million from last year's comparable period (EUR 31.5 
million). The sales increase was due to the acquisition of Wulff Supplies Ab    
which operates in Sweden, Norway and Denmark and since the end of July 2009 is  
part of Wulff Group. Net sales in April-June totalled EUR 24.0 million with an  
increase of 62.9 percentages from the comparable period last year (EUR 14.7     
million).                                                                       

Wulff Group's CEO Heikki Vienola: “The increase in net sales during the first   
six months is encouraging. However, our financial result is not satisfying. In  
order to improve the profitability, more actions will be taken to lower the     
expenses. With the help of the acquisition of Wulff Supplies and its successful 
integration we have achieved a position as a significant Nordic player in the   
industry. Currently, approximately half of our net sales come from our          
Scandinavian group companies. In Finland we are the domestic market leader. I   
believe that the improvement of the economic situation will affect our          
customers' operations and the demand for our services and products.”            

The Contract Customers Division is a comprehensive partner for customers in the 
field of office supplies, business and promotional gifts as well as fair and    
event marketing services. In January-June, the segment's net sales (EUR 37.5    
million) increased by EUR 16.3 million i.e. 77 percentages year-on-year (EUR    
21.3 million) due to Wulff Supplies which has been consolidated since the       
beginning of August 2009 and is part of the Contract Customer Division. In      
April-June, the division's net sales totalled EUR 20.0 million (EUR 9.7         
million).                                                                       

The integration of Wulff Supplies with Wulff Group has been managed with        
success. The Nordic cooperation and the synergies in purchases for example give 
the customers even more competitive products and services. In the first half of 
2010, Wulff Supplies managed to both increase its market share and win new      
customers. Wulff Supplies has put strong efforts in the new logistics center    
located in Ljungby Sweden, the transfer of operations to the new premises and   
other development initiatives. The new logistics center enables Wulff Supplies' 
future growth and the transfer of the premises went successfully. These         
initiatives aim to serving the customers even better in the future.             

The webstore Wulffinkulma.fi, opened at last yearend to serve all Finnish       
companies and organizations, is a significant investment in the Group's future  
operations. The webstore has already brought new customers which will support   
the Group's growth. To strengthen its status as the industry's e-commerce       
pioneer, Wulff continues to take strong efforts in the constant development and 
marketing of the webstore also in the second half of 2010. The webstrore is     
backed with a 120-year-long industry experience and a product range of nearly   
4,000 products.                                                                 

The Direct Sales Division aims to improve its customers' daily operations with  
innovative products and the industry's most professional personal, local        
service. In the first half of the year, the net sales of the Direct Sales       
Division decreased by 23 percentages from last year's comparable sales of EUR   
10.6 million down to EUR 8.2 million this year. Mainly, the decrease is due to  
the divestment of former group companies Everyman Oy and Officeman Oy which were
sold to the minority shareholders in September 2009. In April-June, the         
division's net sales totalled EUR 4.2 million (EUR 5.2 million). For a sales    
company, the most important asset is its personnel. Capable persons make the    
growth possible and one of the most significant challenges for the Direct Sales 
division is to be able to recruit talented sales professionals. The Group       
invests in visibility and recruitment marketing in different media and aims to  
recruit several new direct sales employees in the Nordic countries.             


FINANCIAL PERFORMANCE                                                           

In January-June 2010, the EBITDA was EUR 0.06 million i.e. 0.1 percentage of net
sales, which was lower than in the comparable period last year (EUR 0.36        
million; 1.1 %). In April-June 2010, the EBITDA was EUR 0.00 million (EUR 0.28  
million).                                                                       

The operating loss was EUR 0.45 million for the first half of 2010 compared to  
the operating loss of EUR 0.07 million a year ago. The operating loss was 1.0   
percentage (0.2 %) of net sales. In April-June, the operating result was EUR    
-0.29 million (EUR +0.06 million). The Group continues to review its cost       
structure and performance efficiency with a focus on improving the profitability
of all its operations.                                                          

The financial performance of the Contract Customers Division was not as good as 
in the comparable period last year, and its six-month operating result was EUR  
-0.07 million (EUR +0.33 million). For the second quarter, the division's       
operating result was EUR -0.11 million (EUR +0.19 million). The economic        
slowdown has impacted especially the demand for business and promotional gifts  
and thus that business was loss-making in the first half of the year. In 2010,  
the Group has invested heavily in the launch, development and marketing of the  
new webstore Wulffinkulma.fi.                                                   

The operating loss of the Direct Sales Division in the comparable period (EUR   
-0.34 million) turned up to an operating profit of EUR 0.11 million this year.  
The efficiency of the direct sales operations has improved compared to last year
and the direct sales companies have invested in recruiting sales personnel and  
e-marketing. The changes made to the division's internal organization and the   
management practices in spring 2009 have been managed well which has affected   
positively the profit of the Finnish direct sales companies. In order to achieve
a good profitability level and financial result, the cost efficiency improvement
initiatives will continue in all direct sales companies. In Lithuania, the small
direct sales operations started last year have been closed in summer 2010.      

The financial income and expenses totalled (net) EUR +0.21 million (EUR -0.10   
million) including dividend income of EUR 0.12 million, interest expenses of EUR
0.15 million and other financial items (net) EUR +0.23 million. For the second  
quarter, the net financial income and expenses were EUR +0.09 million (EUR -0.02
million).                                                                       

Loss before taxes totalled EUR 0.24 million (EUR -0.17 million) in January-June 
and EUR 0.20 million (EUR +0.05 million) in April-June.                         

After deducting the minority shareholders' profit share, the net loss           
attributable to the equity holders of the parent company totalled EUR -0.37     
million (EUR -0.37 million) in January-June and EUR -0.13 million (EUR -0.06    
million) in April-June.                                                         

Earnings per share were EUR -0.06 (EUR -0.06) for the six-month period and EUR  
-0.02 (EUR -0.01) for the second quarter.                                       

In January-June, the return on investment (ROI) was -0.32 percentage (-0.04 %)  
and return on equity (ROE) was -1.4 percentage (-1.9 %).                        


FINANCING, INVESTMENTS AND FINANCIAL POSITION                                   

The cash flow from operating activities totalled EUR -0.14 million (EUR +0.86   
million) in January-June and EUR -0.14 million (EUR +1.08 million) in           
April-June. In addition to the profitability improvement initiatives, the Group 
aims to improve the working capital management and increase the cash flow from  
operating activities.                                                           

In January-June 2010, the cash flow used in investing activities amounted to EUR
-0.67 million including investments in intangible and tangible assets (EUR 0.61 
million), payment of the additional acquisition price debt related to subsidiary
Ibero Liikelahjat Oy (EUR 0.19 million) and proceeds from the sale of intangible
and tangible assets (EUR +0.12 million). The majority (EUR 0.54 million) of the 
six-month investments were made during the second quarter when the Group        
invested in e.g. Wulff Supplies' new logistics center in Ljungby, Sweden.       

In the comparable period January-June 2009, the cash flow used in investing     
activities totalled EUR -0.47 million including investments in intangible and   
tangible assets (EUR 0.45 million), the acquisitions of subsidiaries (EUR -0.08 
million) and proceeds from the sale of intangible and tangible assets (EUR +0.06
million). In April-June 2009, the cash flow used in investing activities was EUR
-0.09 million.                                                                  

During the six-month period, the cash flow used in financing activities totalled
EUR -1.17 million (EUR -0.71 million) including withdrawals and repayments of   
long- and short-term loans net of EUR 0.48 million (EUR 0.41 million), the      
acquisition of own shares of EUR 0.08 million (EUR 0.04 million) and the net    
change in short-term investments of EUR 0.26 million (EUR +0.11 million).       
Dividends of EUR 0.12 million (EUR 0.01 million) were received. The parent      
company shareholders were paid dividends of EUR 0.33 million (EUR 0.33 million) 
and the minority shareholders of the subsidiaries were paid dividends of EUR    
0.14 million (EUR 0.05 million) in January-June. During the second quarter, the 
cash flow used in financing activities totalled EUR -1.14 million (EUR -0.39    
million).                                                                       

In general, the net decrease in cash and cash equivalents was EUR -1.97 million 
in January-June 2010 compared to a net decrease of EUR -0.31 million a year ago.
In April-June, the change in cash and cash equivalents totalled EUR -1.82       
million (EUR +0.60 million).                                                    

Equity attributable to the equityholders of the parent company totalled EUR 2,55
per share (EUR 2,73). Equity-to-assets ratio (41.5 %) has increased from        
December 2009 (41.2 %) but was lower than in the comparable period last year    
(54.9 %) due to the acquisition of Wulff Supplies in the end of July 2009.      


DECISIONS OF THE ANNUAL GENERAL MEETING                                         

Wulff Group Plc's Annual General Meeting held on April 23, 2010 decided to pay a
dividend of EUR 0,05 per share and authorised the Board of Directors to decide  
on the repurchase of the company's own shares. The Annual General Meeting       
accepted also the Board's proposal concerning the authorisation to perform share
issues.                                                                         

The Annual General Meeting adopted the financial statements for the financial   
year 2009 and discharged the members of the Board of Directors and CEO from     
liability.                                                                      

Due to a change in the legislation, the Annual General Meeting decided to amend 
the Articles of Association in a way that the invitations to the General        
Meetings are delivered at least 21 days prior to the General Meeting, but not   
later than nine days before the General Meeting record date. The amendment of   
the Articles of Association was entered in the Finnish Trade Register on June 8,
2010 which was announced in a stock exchange release on the same day. The       
current Articles of Association are available on the Group's website            
www.wulff-group.com.                                                            

The previous Board members Ere (Erkki) Kariola, Ari Pikkarainen, Pentti         
Rantanen, Saku (Sakari) Ropponen and Heikki Vienola were re-elected and Andreas 
Tallberg was elected as a new member of the Board. The organising meeting of the
Board of Directors, held after the Annual General Meeting, decided that the new 
Chairman of the Board is Saku (Sakari) Ropponen.                                


SHARES AND SHARE CAPITAL                                                        

Based on the authorization of the Annual General Meeting held on April 24, 2009,
the acquisition of own shares continued in 2010. In the end of December 2009,   
the parent company held a total of 69 022 own shares and in the first quarter of
2010, 2 807 own shares were repurchased and 5 000 own shares were allocated to  
the Group's key person as a part of the share-based incentive plan decided in   
2008. In the end of March 2010, the Group held a total of 66 829 own shares     
(24 956 as of March 31, 2009) representing 1.0 percentage (0.4 %) of the total  
number and voting rights of Wulff shares. The average price for the own shares  
repurchased in January-March was EUR 3.25 per share.                            

Authorized by the Annual General Meeting held on April 23, 2010, the Board of   
Directors decided in its organizing meeting to continue buying back a maximum of
300,000 own shares by the next Annual General Meeting. The reacquisition of own 
shares continued in May and in the end of June 2010 the Group held 89 456 own   
shares (27 648 shares as of June 30, 2009) which represents 1.4 percentage (0.4 
%) of the total number and voting rights of Wulff shares. The average price for 
the own shares repurchased in January-June was EUR 3.28 per share.              

The shares are acquired through public trading on NASDAQ OMX Helsinki in a      
proportion other than that of current shareholder holdings. The shares are      
acquired at the market price quoted at the time of the repurchase in accordance 
with the rules regarding the acquisition of company's owns shares. According to 
the authorisation, the treasury shares can be acquired to carry out acquisitions
or other business related arrangements, to improve the company's capital        
structure, to support the implementation of the company's incentive scheme or to
be cancelled or disposed of.                                                    

The Group does not have any option schemes currently in force.                  

The parent company's share capital (EUR 2.65 million) consists of 6 607 628     
shares with one vote each. There have been no changes in share capital in 2009  
and 2010. There have been no disclosed notifications on changes in major        
holdings during 2009 and 2010.                                                  

Wulff Group Plc' share is listed on NASDAQ OMX Helsinki in the Small Cap segment
under the Consumer Discretionary sector. The company's trading code is WUF1V. In
the end of June 2010, the share was valued at EUR 3.20 (EUR 2.27 as of June 30, 
2009) and the market capitalization of the outstanding shares totalled EUR 20.9 
million (EUR 14.9 million as of June 30, 2009).                                 


PERSONNEL                                                                       

During the six-month period, the Group's personnel totalled 372 (393) employees 
on average. In the end of June 2010, the Group had 383 (373) employees of which 
133 (75) persons were employed in Sweden, Norway, Denmark, Estonia and          
Lithuania.                                                                      

The majority, approximately 60 percentages of the Group's personnel works in    
sales operations and 40 percentages work in logistics and administration. Wulff 
employees equally both genders: in the end of June 2010, men represented 54     
percentages and women 46 percentages of the employees.                          

In order to increase the organic growth, the Group focuses on recruiting sales  
personnel. The Group continues the close cooperation with the employment        
authorities and the educational institutions. Along with the web-based          
recruitment methods, the Group participates different happenings and takes      
personal contact with potential sales talents. The Group aims to increase       
strongly its sales personnel in all units still during 2010.                    


CHANGE IN ORGANIZATION                                                          

In August 2010, organizational changes are made in Contract Customers Division  
when the management changes in Wulff Oy and its subsidiary Torkkelin Paperi Oy, 
located in Lahti, Finland. The initiatives aim to utilize the management's      
competencies even broader, to rationalize the operations and decrease the       
administrational costs. Juha Broman, who has led Wulff Oy since 2005 and has a  
three-decade-long experience in the industry, focuses his skills in the         
development of Torkkelin Paperi's operations. When Juha Broman starts as the    
managing director of Torkkelin Paperi Oy, Wulff Oy will be led by the new       
managing director Jani Puroranta, previously Head of Contract Customers         
Division. Torkkelin Paperi Oy's previous managing director Pekka Lähde continues
working as the company's sales director.                                        


RISKS AND UNCERTAINTIES IN THE NEAR FUTURE                                      

The economic downturn in the Nordic countries has clearly affected the demand   
for office supplies. The general uncertainty may continue the entire year 2010  
which will most likely affect the ordering behaviour of some corporate clients  
also in the coming months. The improvement of the economic situation is expected
to affect quickly the demand for office supplies.                               

The possibly ongoing economic slowdown impacts especially the demand for        
business and promotional gifts. Although the business gifts are seen            
increasingly as a part of the corporate communications as a whole and they are  
utilized also in the off-season, some cost savings may be sought after by       
decreasing the investments in the brand promotion. In the economic downturn, the
corporations also minimize attending fairs and decrease their event marketing   
activities.                                                                     


MARKET SITUATION AND OUTLOOK FOR 2010                                           

Along with the global economic downturn, also the markets for office supplies   
have decreased notably in the countries where the Group operates. In the Nordic 
countries last year, the markets for office supplies decreased some 10          
percentages and the markets for business and promotional gifts were impacted    
with a decrease of nearly a third. The Estonian markets for corporate           
promotional products decreased even more. In 2010, the markets are expected to  
remain the size as in 2009 or to grow slightly.                                 

Wulff's mission is to help its corporate customers to succeed in their own      
business by providing them with leading-edge products and services              
cost-efficiently in a way best suitable to them. Being the front-runner in its  
field, Wulff's latest acquisition was Strålfors Supplies Ab (Wulff Supplies     
since January 1, 2010) in July 2009, which strengthened the Group's position in 
the Nordic office supply markets and the Group became the most significant      
Nordic player in office supplies. The industry consolidation continues and the  
Group expects that the international operators continue increasing their market 
shares. As a part of this development, internationally operating Staples        
acquired a Finnish office supply company Oy Lindell Ab in July 2010.            

Historically, Wulff Group's business experiences seasonal fluctuation and a     
significant part of the Group's net sales and profit is generated in the fourth 
quarter. In 2010, the Group continues to take action for enhancing              
profitability. The Group focuses on the growth and development of its sales     
operations. In 2010, the Group expects to win new customers and gain growth in  
Scandinavia especially along with Wulff Supplies Ab and in Finland with the     
webstore Wulffinkulma.fi.                                                       

The Group expects its net sales to grow remarkably from last year. Wulff is also
prepared to carry out new strategic acquisitions. The group management believes 
that the financial result 2010 will be at last year's level.                    


MEETING FOR INVESTORS AND ANALYSTS                                              

Wulff Group Plc arranges a meeting for investors and analysts today at noon     
(12.00) at restaurant Mamma Rosa, Runeberginkatu 55, Helsinki, Finland.         


FINANCIAL REPORTING IN 2010                                                     

The Group will publish the interim report for January-September 2010 on         
Wednesday November 10, 2010 at 9:00 A.M.                                        





INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited)                 

--------------------------------------------------------------------------------
| INCOME STATEMENT          |      II |      II |    I-II |    I-II |     I-IV |
--------------------------------------------------------------------------------
| EUR 1000                  |    2010 |    2009 |    2010 |    2009 |     2009 |
--------------------------------------------------------------------------------
| Net sales                 |  24 016 |  14 746 |  45 600 |  31 491 |   74 785 |
--------------------------------------------------------------------------------
| Other operating income    |      99 |     153 |     265 |     204 |      402 |
--------------------------------------------------------------------------------
| Materials and services    | -16 108 |  -7 988 | -29 637 | -17 440 |  -45 445 |
--------------------------------------------------------------------------------
| Employee benefit expenses |  -4 949 |  -3 744 |  -9 754 |  -7 995 |  -15 980 |
--------------------------------------------------------------------------------
| Other operating expenses  |  -3 055 |  -2 893 |  -6 410 |  -5 904 |  -12 515 |
--------------------------------------------------------------------------------
| EBITDA                    |       2 |     275 |      63 |     356 |    1 247 |
--------------------------------------------------------------------------------
| Depreciation and          |    -292 |    -211 |    -513 |    -431 |     -940 |
| amortization              |         |         |         |         |          |
--------------------------------------------------------------------------------
| Impairment                |         |         |         |         |     -460 |
--------------------------------------------------------------------------------
| Operating profit/loss     |    -289 |      64 |    -450 |     -74 |     -154 |
--------------------------------------------------------------------------------
| Financial income          |     122 |      57 |     513 |     108 |      275 |
--------------------------------------------------------------------------------
| Financial expenses        |     -33 |     -76 |    -307 |    -205 |     -481 |
--------------------------------------------------------------------------------
| Profit/Loss before taxes  |    -200 |      45 |    -244 |    -171 |     -360 |
--------------------------------------------------------------------------------
| Income taxes              |      40 |    -118 |      -6 |    -196 |     -284 |
--------------------------------------------------------------------------------
| Net profit/loss for the   |    -160 |     -74 |    -249 |    -367 |     -644 |
| period                    |         |         |         |         |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Attributable to:          |         |         |         |         |          |
--------------------------------------------------------------------------------
| Equity holders of the     |    -134 |     -55 |    -374 |    -366 |     -782 |
| parent company            |         |         |         |         |          |
--------------------------------------------------------------------------------
| Minority interest         |     -27 |     -17 |     124 |      -1 |      138 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share for    |         |         |         |         |          |
| profit                    |         |         |         |         |          |
--------------------------------------------------------------------------------
| attributable to the       |         |         |         |         |          |
| equity holders            |         |         |         |         |          |
--------------------------------------------------------------------------------
| of the parent company:    |         |         |         |         |          |
--------------------------------------------------------------------------------
| Earnings per share, EUR   |   -0,02 |   -0,01 |   -0,06 |   -0,06 |    -0,12 |
--------------------------------------------------------------------------------
| (diluted = non-diluted)   |         |         |         |         |          |
--------------------------------------------------------------------------------



--------------------------------------------------------------------------------
| STATEMENT OF              |      II |      II |    I-II |    I-II |     I-IV |
| COMPREHENSIVE INCOME      |         |         |         |         |          |
--------------------------------------------------------------------------------
| EUR 1000                  |    2010 |    2009 |    2010 |    2009 |     2009 |
--------------------------------------------------------------------------------
| Net profit/loss for the   |    -160 |     -74 |    -249 |    -367 |     -644 |
| period                    |         |         |         |         |          |
--------------------------------------------------------------------------------
| Other comprehensive       |         |         |         |         |          |
| income, net of tax        |         |         |         |         |          |
--------------------------------------------------------------------------------
| Change in translation     |    -289 |     -15 |     -60 |     -55 |       39 |
| differences               |         |         |         |         |          |
--------------------------------------------------------------------------------
| Fair value changes on     |       6 |      36 |     -14 |      50 |       -4 |
| available-for-sale        |         |         |         |         |          |
| investments               |         |         |         |         |          |
--------------------------------------------------------------------------------
| Total other comprehensive |    -283 |      21 |     -74 |      -5 |       35 |
| income                    |         |         |         |         |          |
--------------------------------------------------------------------------------
| Total comprehensive       |    -443 |     -53 |    -324 |    -372 |     -609 |
| income for the period     |         |         |         |         |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total comprehensive       |         |         |         |         |          |
| income attributable to:   |         |         |         |         |          |
--------------------------------------------------------------------------------
| Equity holders of the     |    -391 |     -49 |    -467 |    -405 |     -797 |
| parent company            |         |         |         |         |          |
--------------------------------------------------------------------------------
| Minority interest         |     -53 |      -2 |     143 |      33 |      188 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| STATEMENT OF FINANCIAL    |         |         | June 30 | June 30 |   Dec 31 |
| POSITION                  |         |         |         |         |          |
--------------------------------------------------------------------------------
| EUR 1000                  |         |         |    2010 |    2009 |     2009 |
--------------------------------------------------------------------------------
| ASSETS                    |         |         |         |         |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current assets        |         |         |         |         |          |
--------------------------------------------------------------------------------
| Goodwill                  |         |         |  10 858 |   8 356 |   10 658 |
--------------------------------------------------------------------------------
| Other intangible assets   |         |         |   1 163 |     604 |    1 257 |
--------------------------------------------------------------------------------
| Property, plant and       |         |         |   2 079 |   2 255 |    1 952 |
| equipment                 |         |         |         |         |          |
--------------------------------------------------------------------------------
| Non-current financial     |         |         |         |         |          |
| assets                    |         |         |         |         |          |
--------------------------------------------------------------------------------
| Interest-bearing          |         |         |      75 |         |          |
| financial assets          |         |         |         |         |          |
--------------------------------------------------------------------------------
| Non-interest-bearing      |         |         |     321 |     409 |      337 |
| financial assets          |         |         |         |         |          |
--------------------------------------------------------------------------------
| Deferred tax assets       |         |         |   1 169 |     533 |    1 066 |
--------------------------------------------------------------------------------
| Total non-current assets  |         |         |  15 664 |  12 159 |   15 274 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current assets            |         |         |         |         |          |
--------------------------------------------------------------------------------
| Inventories               |         |         |  12 027 |  10 220 |   11 793 |
--------------------------------------------------------------------------------
| Current receivables       |         |         |         |         |          |
--------------------------------------------------------------------------------
| Interest-bearing          |         |         |       7 |         |          |
| receivables               |         |         |         |         |          |
--------------------------------------------------------------------------------
| Non-interest-bearing      |         |         |  13 955 |  10 442 |   13 246 |
| receivables               |         |         |         |         |          |
--------------------------------------------------------------------------------
| Financial assets          |         |         |     221 |     156 |       58 |
| recognised at fair value  |         |         |         |         |          |
| through profit and loss   |         |         |         |         |          |
--------------------------------------------------------------------------------
| Cash and cash equivalents |         |         |   3 364 |   4 315 |    5 337 |
--------------------------------------------------------------------------------
| Total current assets      |         |         |  29 573 |  25 134 |   30 434 |
--------------------------------------------------------------------------------
|                           |         |         |         |         |          |
--------------------------------------------------------------------------------
| TOTAL ASSETS              |         |         |  45 238 |  37 293 |   45 708 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EQUITY AND LIABILITIES    |         |         |         |         |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity                    |         |         |         |         |          |
--------------------------------------------------------------------------------
| Equity attributable to    |         |         |         |         |          |
| the equity holders of the |         |         |         |         |          |
| parent company:           |         |         |         |         |          |
--------------------------------------------------------------------------------
| Share capital             |         |         |   2 650 |   2 650 |    2 650 |
--------------------------------------------------------------------------------
| Share premium fund        |         |         |   7 662 |   7 662 |    7 662 |
--------------------------------------------------------------------------------
| Invested unrestricted     |         |         |     223 |     223 |      223 |
| equity fund               |         |         |         |         |          |
--------------------------------------------------------------------------------
| Retained earnings         |         |         |   6 082 |   7 428 |    6 944 |
--------------------------------------------------------------------------------
| Minority interest         |         |         |   1 354 |   1 090 |    1 364 |
--------------------------------------------------------------------------------
| Total equity              |         |         |  17 971 |  19 053 |   18 843 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current liabilities   |         |         |         |         |          |
--------------------------------------------------------------------------------
| Interest-bearing          |         |         |   7 932 |   6 306 |    8 266 |
| liabilities               |         |         |         |         |          |
--------------------------------------------------------------------------------
| Deferred tax liabilities  |         |         |     142 |         |      298 |
--------------------------------------------------------------------------------
| Total non-current         |         |         |   8 074 |   6 306 |    8 564 |
| liabilities               |         |         |         |         |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current liabilities       |         |         |         |         |          |
--------------------------------------------------------------------------------
| Interest-bearing          |         |         |   2 156 |   1 375 |    2 305 |
| liabilities               |         |         |         |         |          |
--------------------------------------------------------------------------------
| Non-interest-bearing      |         |         |  17 037 |  10 559 |   15 996 |
| liabilities               |         |         |         |         |          |
--------------------------------------------------------------------------------
| Total current liabilities |         |         |  19 192 |  11 934 |   18 301 |
--------------------------------------------------------------------------------
|                           |         |         |         |         |          |
--------------------------------------------------------------------------------
| TOTAL EQUITY AND          |         |         |  45 238 |  37 293 |   45 708 |
| LIABILITIES               |         |         |         |         |          |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| STATEMENT OF CASH FLOW    |      II |      II |    I-II |    I-II |     I-IV |
--------------------------------------------------------------------------------
| EUR 1000                  |    2010 |    2009 |    2010 |    2009 |     2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow from operating  |         |         |         |         |          |
| activities:               |         |         |         |         |          |
--------------------------------------------------------------------------------
| Cash received from sales  |  23 073 |  15 012 |  44 898 |  32 384 |   73 880 |
--------------------------------------------------------------------------------
| Cash received from other  |      64 |      70 |     202 |      95 |      320 |
| operating income          |         |         |         |         |          |
--------------------------------------------------------------------------------
| Cash paid for operating   | -23 121 | -13 798 | -44 937 | -31 382 |  -72 348 |
| expenses                  |         |         |         |         |          |
--------------------------------------------------------------------------------
| Cash flow from operating  |      16 |   1 284 |     163 |   1 097 |    1 852 |
| activities before         |         |         |         |         |          |
| financial items and       |         |         |         |         |          |
| income taxes              |         |         |         |         |          |
--------------------------------------------------------------------------------
| Interest paid             |     -79 |    -193 |    -160 |    -238 |     -408 |
--------------------------------------------------------------------------------
| Interest received         |      13 |      35 |      19 |      60 |      151 |
--------------------------------------------------------------------------------
| Income taxes paid         |     -88 |     -48 |    -157 |     -61 |     -125 |
--------------------------------------------------------------------------------
| Cash flow from operating  |    -138 |   1 078 |    -135 |     858 |    1 470 |
| activities                |         |         |         |         |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow from investing  |         |         |         |         |          |
| activities:               |         |         |         |         |          |
--------------------------------------------------------------------------------
| Investments in intangible |    -423 |    -130 |    -610 |    -450 |     -810 |
| and tangible assets       |         |         |         |         |          |
--------------------------------------------------------------------------------
| Proceeds from sales of    |      64 |      42 |     122 |      60 |      173 |
| intangible and tangible   |         |         |         |         |          |
| assets                    |         |         |         |         |          |
--------------------------------------------------------------------------------
| Acquisition of            |    -185 |         |    -185 |     -76 |   -2 293 |
| subsidiaries, net of cash |         |         |         |         |          |
--------------------------------------------------------------------------------
| Sale of subsidiaries, net |         |         |         |         |      426 |
| of cash                   |         |         |         |         |          |
--------------------------------------------------------------------------------
| Repayments of loans       |       4 |         |       4 |         |          |
| receivable                |         |         |         |         |          |
--------------------------------------------------------------------------------
| Cash flow from investing  |    -539 |     -88 |    -669 |    -466 |   -2 504 |
| activities                |         |         |         |         |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow from financing  |         |         |         |         |          |
| activities:               |         |         |         |         |          |
--------------------------------------------------------------------------------
| Acquisition of own shares |     -75 |      -2 |     -84 |     -35 |     -126 |
--------------------------------------------------------------------------------
| Dividends paid            |    -429 |    -323 |    -469 |    -380 |     -422 |
--------------------------------------------------------------------------------
| Dividends received        |      21 |       8 |     123 |       8 |        8 |
--------------------------------------------------------------------------------
| Cash paid for (received   |     -62 |     248 |    -256 |     107 |     -216 |
| from) short-term          |         |         |         |         |          |
| investments (net)         |         |         |         |         |          |
--------------------------------------------------------------------------------
| Withdrawals of long- and  |       6 |         |     616 |         |    3 494 |
| short-term loans          |         |         |         |         |          |
--------------------------------------------------------------------------------
| Repayments of long- and   |    -600 |    -325 |  -1 100 |    -405 |     -995 |
| short-term loans          |         |         |         |         |          |
--------------------------------------------------------------------------------
| Cash flow from financing  |  -1 139 |    -394 |  -1 169 |    -705 |    1 743 |
| activities                |         |         |         |         |          |
--------------------------------------------------------------------------------
|                           |         |         |         |         |          |
--------------------------------------------------------------------------------
| Change in cash and cash   |  -1 816 |     596 |  -1 974 |    -313 |      709 |
| equivalents               |         |         |         |         |          |
--------------------------------------------------------------------------------
| Cash and cash equivalents |   5 180 |   3 719 |   5 337 |   4 628 |    4 628 |
| at the beginning of the   |         |         |         |         |          |
| period                    |         |         |         |         |          |
--------------------------------------------------------------------------------
| Cash and cash equivalents |   3 364 |   4 315 |   3 364 |   4 315 |    5 337 |
| at the end of the period  |         |         |         |         |          |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| STATEMENT OF CHANGES IN EQUITY   |       |        |        |        |        |
--------------------------------------------------------------------------------
| EUR 1000           | Equity attributable to equity holders |        |        |
|                    |         of the parent company         |        |        |
--------------------------------------------------------------------------------
|                    | Shar | Shar |  Fund |  Retai |  Total |  Minor |  TOTAL |
|                    |    e |    e |   for |    ned |        |    ity |        |
|                    | capi | pre- | inves |  earni |        |  inter |        |
|                    |  tal | mium |   ted |    ngs |        |    est |        |
|                    |      | fund |  non- |        |        |        |        |
|                    |      |      | restr |        |        |        |        |
|                    |      |      | icted |        |        |        |        |
|                    |      |      | equit |        |        |        |        |
|                    |      |      |     y |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity on Jan 1,   |    2 |    7 |   223 |  8 196 | 18 731 |  1 137 | 19 868 |
| 2009               |  650 |  662 |       |        |        |        |        |
--------------------------------------------------------------------------------
| Comprehensive      |      |      |       |   -405 |   -405 |     33 |   -372 |
| income *           |      |      |       |        |        |        |        |
--------------------------------------------------------------------------------
| Dividends paid     |      |      |       |   -329 |   -329 |    -80 |   -409 |
--------------------------------------------------------------------------------
| Treasury share     |      |      |       |    -35 |    -35 |        |    -35 |
| acquisition        |      |      |       |        |        |        |        |
--------------------------------------------------------------------------------
| Equity on June 30, |    2 |    7 |   223 |  7 428 | 17 963 |  1 090 | 19 053 |
| 2009               |  650 |  662 |       |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity on Jan 1,   |    2 |    7 |   223 |  8 196 | 18 731 |  1 137 | 19 868 |
| 2009               |  650 |  662 |       |        |        |        |        |
--------------------------------------------------------------------------------
| Comprehensive      |      |      |       |   -797 |   -797 |    188 |   -609 |
| income *           |      |      |       |        |        |        |        |
--------------------------------------------------------------------------------
| Dividends paid     |      |      |       |   -329 |   -329 |    -93 |   -422 |
--------------------------------------------------------------------------------
| Treasury share     |      |      |       |   -126 |   -126 |        |   -126 |
| acquisition        |      |      |       |        |        |        |        |
--------------------------------------------------------------------------------
| Divestment of      |      |      |       |        |        |   -258 |   -258 |
| subsidiaries       |      |      |       |        |        |        |        |
--------------------------------------------------------------------------------
| Changes in         |      |      |       |        |        |    389 |    389 |
| ownership          |      |      |       |        |        |        |        |
--------------------------------------------------------------------------------
| Equity on Dec 31,  |    2 |    7 |   223 |  6 944 | 17 479 |  1 364 | 18 843 |
| 2009               |  650 |  662 |       |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity on Jan 1,   |    2 |    7 |   223 |  6 944 | 17 479 |  1 364 | 18 843 |
| 2010               |  650 |  662 |       |        |        |        |        |
--------------------------------------------------------------------------------
| Comprehensive      |      |      |       |   -467 |   -467 |    143 |   -324 |
| income *           |      |      |       |        |        |        |        |
--------------------------------------------------------------------------------
| Dividends paid     |      |      |       |   -327 |   -327 |   -142 |   -469 |
--------------------------------------------------------------------------------
| Treasury share     |      |      |       |    -84 |    -84 |        |    -84 |
| acquisition        |      |      |       |        |        |        |        |
--------------------------------------------------------------------------------
| Share-based        |      |      |       |     16 |     16 |        |     16 |
| payments           |      |      |       |        |        |        |        |
--------------------------------------------------------------------------------
| Changes in         |      |      |       |        |        |    -11 |    -11 |
| ownership          |      |      |       |        |        |        |        |
--------------------------------------------------------------------------------
| Equity on June 30, |    2 |    7 |   223 |  6 082 | 16 617 |  1 354 | 17 971 |
| 2010               |  650 |  662 |       |        |        |        |        |
--------------------------------------------------------------------------------

* net of tax                                                                    



NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS                    


--------------------------------------------------------------------------------
| SEGMENT INFORMATION       |      II |      II |    I-II |    I-II |     I-IV |
--------------------------------------------------------------------------------
| EUR 1000                  |    2010 |    2009 |    2010 |    2009 |     2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales by operating    |         |         |         |         |          |
| segments                  |         |         |         |         |          |
--------------------------------------------------------------------------------
| Contract Customers        |  19 952 |   9 720 |  37 549 |  21 274 |   57 346 |
| Division                  |         |         |         |         |          |
--------------------------------------------------------------------------------
| Direct Sales Division     |   4 154 |   5 197 |   8 196 |  10 633 |   17 985 |
--------------------------------------------------------------------------------
| Group Services            |     363 |     602 |     716 |   1 009 |      986 |
--------------------------------------------------------------------------------
| Intragroup eliminations   |    -454 |    -773 |    -862 |  -1 425 |   -1 531 |
| between segments          |         |         |         |         |          |
--------------------------------------------------------------------------------
| TOTAL NET SALES           |  24 016 |  14 746 |  45 600 |  31 491 |   74 785 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Operating profit/loss by  |         |         |         |         |          |
| operating segments        |         |         |         |         |          |
--------------------------------------------------------------------------------
| Contract Customers        |    -105 |     190 |     -66 |     334 |      658 |
| Division                  |         |         |         |         |          |
--------------------------------------------------------------------------------
| Direct Sales Division     |     -12 |     -85 |     111 |    -344 |       28 |
--------------------------------------------------------------------------------
| Group Services and        |    -172 |     -40 |    -495 |     -64 |     -840 |
| non-allocated items       |         |         |         |         |          |
--------------------------------------------------------------------------------
| TOTAL OPERATING           |    -289 |      65 |    -450 |     -74 |     -154 |
| PROFIT/LOSS               |         |         |         |         |          |
--------------------------------------------------------------------------------




--------------------------------------------------------------------------------
|                           |      II |      II |    I-II |    I-II |     I-IV |
--------------------------------------------------------------------------------
| KEY FIGURES               |    2010 |    2009 |    2010 |    2009 |     2009 |
--------------------------------------------------------------------------------
| Net sales                 |  24 016 |  14 746 |  45 600 |  31 491 |   74 785 |
--------------------------------------------------------------------------------
| Increase/Decrease in net  |  62,9 % | -28,8 % |  44,8 % | -21,0 % |   -1,8 % |
| sales, %                  |         |         |         |         |          |
--------------------------------------------------------------------------------
| EBITDA                    |       2 |     275 |      63 |     356 |    1 247 |
--------------------------------------------------------------------------------
| EBITDA margin, %          |   0,0 % |   1,9 % |   0,1 % |   1,1 % |    1,7 % |
--------------------------------------------------------------------------------
| Operating profit/loss     |    -289 |      64 |    -450 |     -74 |     -154 |
--------------------------------------------------------------------------------
| Operating profit/loss     |  -1,2 % |   0,4 % |  -1,0 % |  -0,2 % |   -0,2 % |
| margin, %                 |         |         |         |         |          |
--------------------------------------------------------------------------------
| Profit/Loss before taxes  |    -200 |      45 |    -244 |    -171 |     -360 |
--------------------------------------------------------------------------------
| Profit/Loss before taxes  |  -0,8 % |   0,3 % |  -0,5 % |  -0,5 % |   -0,5 % |
| margin, %                 |         |         |         |         |          |
--------------------------------------------------------------------------------
| Net profit/loss for the   |    -134 |     -55 |    -374 |    -366 |     -782 |
| period attributable to    |         |         |         |         |          |
| equity holders of the     |         |         |         |         |          |
| parent company            |         |         |         |         |          |
--------------------------------------------------------------------------------
| Net profit/loss for the   |  -0,6 % |  -0,4 % |  -0,8 % |  -1,2 % |   -1,0 % |
| period, %                 |         |         |         |         |          |
--------------------------------------------------------------------------------
| Earnings per share, EUR   |   -0,02 |   -0,01 |   -0,06 |   -0,06 |    -0,12 |
| (diluted = non-diluted)   |         |         |         |         |          |
--------------------------------------------------------------------------------
| Return on equity (ROE), % |  -0,9 % |  -0,4 % |  -1,4 % |  -1,9 % |   -3,3 % |
--------------------------------------------------------------------------------
| Return on investment      | -0,36 % |  0,46 % | -0,32 % | -0,04 % |   0,19 % |
| (ROI), %                  |         |         |         |         |          |
--------------------------------------------------------------------------------
| Equity-to-assets ratio at |  41,5 % |  54,9 % |  41,5 % |  54,9 % |   41,2 % |
| the end of period, %      |         |         |         |         |          |
--------------------------------------------------------------------------------
| Debt-to-equity ratio at   |  37,0 % |  17,7 % |  37,0 % |  17,7 % |   27,8 % |
| the end of period, %      |         |         |         |         |          |
--------------------------------------------------------------------------------
| Equity per share at the   |    2,55 |    2,73 |    2,55 |    2,73 |     2,67 |
| end of period, EUR *      |         |         |         |         |          |
--------------------------------------------------------------------------------
| Investments in            |     423 |     121 |     610 |     483 |      915 |
| non-current assets        |         |         |         |         |          |
--------------------------------------------------------------------------------
| Investments in fixed      |   1,8 % |   0,8 % |   1,3 % |   1,5 % |    1,2 % |
| assets, % of net sales    |         |         |         |         |          |
--------------------------------------------------------------------------------
| Treasury shares held by   |  89 456 |  27 648 |  89 456 |  27 648 |   69 022 |
| the Group at the end of   |         |         |         |         |          |
| period                    |         |         |         |         |          |
--------------------------------------------------------------------------------
| Treasury shares, % of     |   1,4 % |   0,4 % |   1,4 % |   0,4 % |    1,0 % |
| total share capital and   |         |         |         |         |          |
| votes                     |         |         |         |         |          |
--------------------------------------------------------------------------------
| Number of total issued    | 6607628 | 6607628 | 6607628 | 6607628 |  6607628 |
| shares at the end of      |         |         |         |         |          |
| period                    |         |         |         |         |          |
--------------------------------------------------------------------------------
| Personnel on average      |     372 |     393 |     372 |     393 |      392 |
| during the period         |         |         |         |         |          |
--------------------------------------------------------------------------------
| Personnel at the end of   |     383 |     373 |     383 |     373 |      372 |
| period                    |         |         |         |         |          |
--------------------------------------------------------------------------------

* Equity attributable to the equity holders of the parent company / Number of   
shares excluding the acquired own shares                                        



--------------------------------------------------------------------------------
| QUARTERLY KEY FIGURES   |    II |      I |     IV |    III |     II |      I |
--------------------------------------------------------------------------------
|                         |  2010 |   2010 |   2009 |   2009 |   2009 |   2009 |
--------------------------------------------------------------------------------
| Net sales, EUR 1000     | 24016 | 21 584 | 25 724 | 17 570 | 14 746 | 16 745 |
|                         |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| EBITDA, EUR 1000        |     2 |     61 |    824 |     66 |    275 |     82 |
--------------------------------------------------------------------------------
| Operating profit/loss,  |  -289 |   -160 |    349 |   -428 |     64 |   -139 |
| EUR 1000                |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Profit/Loss before      |  -200 |    -43 |    300 |   -488 |     45 |   -217 |
| taxes, EUR 1000         |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Net profit/loss for the |  -134 |   -240 |    165 |   -581 |    -55 |   -311 |
| period, EUR 1000        |       |        |        |        |        |        |
--------------------------------------------------------------------------------
| Earnings per share, EUR | -0,02 |  -0,04 |   0,02 |  -0,09 |  -0,01 |  -0,05 |
| (diluted = non-diluted) |       |        |        |        |        |        |
--------------------------------------------------------------------------------



--------------------------------------------------------------------------------
| RELATED PARTY             |      II |      II |    I-II |    I-II |     I-IV |
| TRANSACTIONS              |         |         |         |         |          |
--------------------------------------------------------------------------------
| EUR 1000                  |    2010 |    2009 |    2010 |    2009 |     2009 |
--------------------------------------------------------------------------------
| Purchases from related    |       0 |       0 |       0 |       0 |        0 |
| parties                   |         |         |         |         |          |
--------------------------------------------------------------------------------
| Loan receivables from     |     558 |     571 |     558 |     571 |      562 |
| related parties           |         |         |         |         |          |
| (management of            |         |         |         |         |          |
| subsidiaries) at the end  |         |         |         |         |          |
| of period                 |         |         |         |         |          |
--------------------------------------------------------------------------------



--------------------------------------------------------------------------------
| COMMITMENTS               |         |         | June 30 |         |   Dec 31 |
--------------------------------------------------------------------------------
| EUR 1000                  |         |         |    2010 |         |     2009 |
--------------------------------------------------------------------------------
| Mortgages and guarantees on own behalf        |       0 |         |        0 |
--------------------------------------------------------------------------------
| Business mortgage for the Group's loan        |   6 850 |         |    6 850 |
| liabilities                                   |         |         |          |
--------------------------------------------------------------------------------
| Real estate pledge for the Group's loan       |     900 |         |      900 |
| liabilities                                   |         |         |          |
--------------------------------------------------------------------------------
| Shares and other assets pledged as security   |   3 634 |         |    3 634 |
| for group companies' liabilities              |         |         |          |
|                                               |         |         |          |
--------------------------------------------------------------------------------
| Pledges and guarantees given for the group    |     227 |         |      226 |
| companies' off-balance sheet commitments      |         |         |          |
|                                               |         |         |          |
--------------------------------------------------------------------------------
| Guarantees given on behalf of third parties   |     280 |         |      280 |
--------------------------------------------------------------------------------
| Minimum future operating lease payments       |   7 209 |         |    4 397 |
--------------------------------------------------------------------------------


Accounting principles applied in the condensed consolidated financial statements

These condensed consolidated financial statements are unaudited. This interim   
report has been prepared in accordance with IAS 34 following the valuation and  
accounting methods guided by IFRS principles. The accounting principles used in 
the preparation of this interim report are consistent with those adopted in the 
preparation of the Annual Report 2009 taking into account also the new, revised 
and amended standards and interpretations. Adoption of the amended standards    
IFRS 3 (Business Combinations) and IAS 27 (Consolidated and Separate Financial  
Statements) impacted the accounting of minority interests and the amendments    
will affect the future business combinations significantly. Adopting the        
amendments in IFRS 2 and IAS 39 as well as the new interpretations IFRIC 17 and 
IFRIC 18 did not have a material impact on the information presented in this    
interim report.                                                                 

The IFRS principles require the management to make estimates and assumptions    
when preparing financial statements. Although these estimates and assumptions   
are based on the management's best knowledge of today, the final outcome may    
differ from the estimated values presented in the financial statements.         

In the financial statement 2009, the errors concerning previous years were      
corrected in the equity as of January 1, 2009, which has been taken into account
accordingly in the comparable equity and key figures of 2009 presented in this  
interim condensed consolidated financial statement.                             

The Group's ownership in Wulff Supplies Ab increased by one percentage in the   
end of June 2010 when the parent company acquired the shares of an employee     
leaving Wulff Supplies. As the acquisition price was based the share of the     
equity, the transaction did not impact the Group's financial result. After the  
review period in August, the parent company sold the one-percentage ownership to
Wulff Supplies Ab's new key employee, which will not impact the Group's         
financial result.                                                               

Closing of the small direct sales operations in Lithuania during the summer 2010
does not have a material impact on the Group's net sales, financial performance 
or financial status and thus it is not presented separately as discontinued     
operations based on IFRS 5.                                                     

The TyEL pension premium loans withdrawn in summer 2009 have a bank guarantee   
which margin is linked to the covenants regarding the equity ratio and the      
interest-bearing debt/operating profit ratio. In 2009, the covenant was 35 % for
the equity ratio and 5 for the interest-bearing debts/operating profit ratio.   
Based on the adopted financial statements 2009, the covenant for the            
interest-bearing debt/operating profit ratio was violated but the breakage has  
been agreed with the bank with no consequences for the Group.                   

The Group has no knowledge of any significant events after the end of the       
interim period that would have had a material impact on this interim report in  
any other way that has been already discussed in the interim review by the Board
of Directors.                                                                   

In Vantaa on August 10, 2010                                                    

WULFF GROUP PLC                                                                 
BOARD OF DIRECTORS                                                              

Further information:                                                            
CEO Heikki Vienola                                                              
tel. +358 9 5259 0050 or mobile: +358 50 65 110                                 
e-mail: heikki.vienola@wulff.fi                                                 

DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Oy                                                          
Key media                                                                       
www.wulff-group.com

Attachments

wufe_2010-08-11_q2-2010.pdf