Tikkurila comments on the request for preliminary investigation

Tikkurila Oyj
Press Release
March 1, 2016 at 2:00 p.m. (CET+1)

Today on March 1, 2016, there has been discussion in the media about the request for preliminary investigation regarding Tikkurila Oyj by Tikkurila's former software provider. Tikkurila has received the preliminary request for clarification from the authorities. Tikkurila will give its response to the authorities in charge of the preliminary investigation in the near future.

In Tikkurila's view, the request for preliminary investigation in unfounded. The issue at stake is a civil action that has already been handled in arbitral tribunal. The arbitral tribunal has given its award at the beginning of February 2016. According to the award, Tikkurila Oyj has no liability towards the claimant. Tikkurila's interpretation is that the software provider was disappointed to the termination of cooperation and to the award of the arbitration court, and have now unfoundedly started to drive the civil action through preliminary investigation and media publicity.

For further information, please contact:
Antti Kiuru, Tikkurila Oyj, Group Vice President, Legal, mobile +358 400 686 488, antti.kiuru@tikkurila.com

Tikkurila is the leading paints and coatings professional in the Nordic region and Russia. With our roots in Finland, we now operate in 16 countries. Our high-quality products and extensive services ensure the best possible user experience in the market. Sustainable beauty since 1862.

www.tikkurilagroup.com