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SRV Group Plc’s codetermination negotiations concluded

SRV Group Pl has concluded the codetermination negotiations concerning the      
Group's Finnish companies. As a result of the negotiations SRV avoided          
redundancies and will lay-off 60 persons.                                       

Negotiations covered the managerial staff and white-collar employees. The       
initial need for reduction applied to 130 persons, at the most, of which        
approximately 50 in the units abroad.                                           

In addition to lay-offs the company will negotiate with the employee groups to  
trade additional holiday pays for time out. In the same connection pension      
arrangements will be made, as well.                                             

"These and other saving measures bring us annual savings of around EUR 6        
million. The need and extent of possible additional lay-offs will be determined 
during the ongoing year depending on the market development", says Eero         
Heliövaara, President and CEO of SRV. Similar process in the company's units    
abroad will be brought to finish during spring.                                 

The underlying reason for the adjustment measures is the continued recession of 
the construction market. Tightening of the market has reflected on construction 
industry in deferment of projects and decrease in start-ups of construction     
production.  Moreover, residential sales have remained on low level.            

SRV Group Plc                                                                   
Eero Heliövaara                                                                 

For further information, please contact:                                        
Eero Heliövaara, president and CEO, tel. +358 (0)20 1455 202                    

Nasdaq OMX Helsinki                                                             
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