SRV builds logistics facilities in St. Petersburg

SRV Russia Oy, the subsidiary of SRV Group Plc, has acquired 32 per cent share  
in Russian enterprise OOO ”Olgino-4”, which will buy a land territory of 24.9   
hectares, located north of Saint Petersburg in close vicinity to the Ring Road. 
During spring 2008 SRV will raise its ownership in the enterprise aiming at     
majority stockholding by summer 2008.                                           

Over 100,000 m2 of logistics facilities will be built on the site in several    
stages during next few years. SRV intends to commence construction works of the 
first stage by the end of 2008.                                                 

”Demand for logistics premises in Russia is booming because of good economic    
outlook. Development of logistics solutions in Saint Petersburg area creates    
opportunities for Finnish logistics companies too. SRV Project Development is   
involved in implementation of logistical solutions as well, and this project    
supports SRV's strategic goal to increase international business of the company 
utilizing logistics know-how acquired from the group's projects in Finland”,    
says director Veli-Matti Kullas from SRV.                                       

SRV Group Plc                                                                   
Eero Heliövaara                                                                 
Chief Executive Officer                                                         

For further information please contact:                                         
SRV Russia Oy                                                                   
Veli-Matti Kullas, tel. +358 (0)20 1455 274                                     

Distribution:                                                                   
Helsinki Stock Exchange                                                         
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