SRV mergers its Business Premises and Housing and Regional business areas in Finland as from 1 January 2011. After the merger, SRV's business operations will be divided into two business areas: Operations in Finland and International Operations. In addition, the company will report Other operations in accordance with the present practice. In its financial reporting, the company will give more detailed information on Business Premises construction and Housing construction within the business segments. The CEO of the company resulting from the merger is Jukka Hienonen. He will also continue as CEO of the mother company, SRV Group Plc. Juha Pekka Ojala will be in charge of the Business Premises operations and Juha-Veikko Nikulainen of the Housing operations. The regional units will report of their overall operations to the director of Business Premises. The company has regional units in Turku, Tampere, Jyväskylä, Oulu, Lappeenranta and Joensuu. The objective of the merger is to strengthen operational resources in order to increase business activities outside the Greater Helsinki area both in business premises and in housing. The merger improves also the steerability of operations. “SRV has a considerable market position in the construction of business premises and housing in the Greater Helsinki area. Earlier, our regional units have focused on residential construction. By combining the operations into one organisation we can now utilise better our strong expertise in Business Premises all over Finland, and enter into large-scale nonresidential projects”, says Jukka Hienonen, CEO of SRV. In January - September 2010, revenue in SRV's Business Premises business area amounted to EUR 216.3 million and in Housing and regional operations to EUR 98.9 million. The operations employ a total of 562employees, whose contracts will be continued unchanged. The aim is that the juridical changes could be finalised by the end of March 2011. SRV Group Plc Jukka Hienonen CEO Further information: Jukka Hienonen, CEO, tel. +201 45 5212 Distribution: Nasdaq OMX Helsinki, main media