Tikkurila Oyj Stock Exchange Release March 1, 2012 at 9:00 a.m. (CET+1) Based on the letter of intent announced in November 2011, Tikkurila has concluded the divestment of its three sales subsidiaries in Hungary, Czech Republic and Slovakia. The companies were transferred to Dejmark Group, a company established by Tikkurila's local management, on February 29, 2012. Moreover, Tikkurila has also agreed on selling all the shares in its Romanian subsidiary to the same buyer. Dejmark Group continues the retail of Tikkurila's products in all of the four countries. The combined revenue of the four divested subsidiaries was approximately EUR 12.8 million in 2011, and the number of employees at the end of December 2011 totaled 65. The aggregate cash consideration for the sold shares is EUR 0.6 million. Furthermore, an interest-bearing five-year vendor loan arrangement totaling EUR 3.7 million has been agreed upon. As a consequence of the transactions, a non- recurring sales loss of approximately one million euro will be realized in Tikkurila Group's 2012 first quarter results. These divestments are related to the group-wide efficiency program, where numerous restructuring activities have been announced, aiming at enhancing the competitiveness of Tikkurila. Tikkurila Oyj Erkki Järvinen For further information, please contact: Tikkurila Oyj Erkki Järvinen, President and CEO Mobile +358 400 455 913,erkki.jarvinen@tikkurila.com For 150 years already, Tikkurila has provided consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries. - Tikkurila inspires you to color your life. www.tikkurilagroup.com [HUG#1590389]
Tikkurila concluded the sale of its subsidiaries in Hungary, Czech Republic, Slovakia and Romania
| Source: Tikkurila Oyj