Fire does not affect SRV’s plans in Septem City

Espoo, Finland, 2012-01-25 11:19 CET (GLOBE NEWSWIRE) -- SRV Group Plc
Investor News 25 January 2012

Early on Wednesday morning a fire broke out in Septem City quarter at Ohta
district of St. Petersburg in Russia. SRV is part-owner of a block of
buildings, which have been leased to local businesses. The fire was contained
to a part of industrial property mostly used as a warehouse space, which would
have been in any case demolished from the way of a new building.

“The fire primarily affected storage spaces, which are not used by SRV. SRV's
St. Petersburg office as well as the Banking Institute, a tenant, remained
unharmed, "SRV's Country Director Jussi Kuutsa says.

The fire has not caused any personal injuries. Reason for the fire is not yet
known.

SRV has developed the quarter for couple of years and the plan includes
construction of retail, office and hotel premises. It is estimated that the
fire damage doesn’t’ significantly affect the development of the quarter.



SRV Group Plc

Taneli Hassinen
Director, Corporate Communications
SRV Group Plc
Tel. +358 40 504 3321
taneli.hassinen@srv.fi