Tokmanni Group Corporation        Stock exchange release        27 December 2021 at 12:00 am

The project announced by Tokmanni on 12 February 2021 to expand its existing logistics centre is progressing. Tokmanni has concluded an agreement with the municipality of Mäntsälä on the leasing of land. The leased land is located in the Kapuli business district in Mäntsälä in the immediate vicinity of Tokmanni's existing headquarters and logistics centre. A new warehouse is planned for the leased area to support and complement the existing logistics centre. Following the completion of the new warehouse, Tokmanni will also continue to use in full the existing logistics centre in Mäntsälä.

The planned warehouse, which measures approximately 50,000 square metres, will replace the warehouse space currently leased outside of the existing logistics centre. The overall value of the investment is estimated to come to approximately EUR 60 million. The opening of the new warehouse will significantly improve the cost-efficiency of Tokmanni's supply chain.

The plans for the construction of the new warehouse building are being finalised and the contracts associated with the project are still being negotiated. The aim is to conclude the contract negotiations at the beginning of the year, after which more information will be announced.

Further Information, please contact

Mika Rautiainen, President and CEO, tel. +358 20 728 6061, mika.rautiainen(at)tokmanni.fi
Markku Pirskanen, CFO, tel. +358 20 728 7390, markku.pirskanen(a)tokmanni.fi

Tokmanni in brief

Tokmanni is the largest general discount retailer in Finland measured by number of stores and revenue. In 2020, Tokmanni's revenue was EUR 1 073.2 million and it has approximately 4,000 employees. Tokmanni is the only nationwide general discount retailer in Finland, with almost 200 stores across Finland.

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https://news.cision.com/tokmanni-group-oyj/r/tokmanni-to-concentrate-its-logistics-operations-in-mantsala,c3478758

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