Lamor’s work relating to the environmental response and cleanup project in Peru continues still

23.3.2022 15:00:01 EET | Lamor Corporation Oyj | Company Announcement

Lamor Corporation Plc      Company release, inside information    23 March 2022 at 3:00 p.m EET

Lamor’s work relating to the environmental response and cleanup project in Peru continues still

Lamor continues as one of the service providers in the response and cleanup of the oil spill in Peru. Lamor published a company release regarding the related contract on 2 February 2022 and on 28 February 2022.

Lamor’s share of the total value of the work was earlier estimated to be at least EUR 18 million. Lamor has continued the cleanup work based on the contract announced earlier and the additional work performed by Lamor until the end of March 2022 is currently estimated to be at least EUR 5 million in addition to what has been previously disclosed. Lamor’s share of the total value of the response and cleanup project is thus estimated to be at least EUR 23 million. The cleanup work is still on-going and Lamor expects to participate in this work as part of its normal business activities.

Further enquiries

Mika Pirneskoski, CEO, Lamor Corporation Plc, tel. +358 40 757 2151

Certified adviser

Danske Bank A/S, Finland Branch, tel. +358 50 590 7667

Lamor in brief

Lamor is one of the leading global providers of environmental solutions. Lamor provides its customers with equipment used for oil recovery, waste management and water treatment as well as versatile environmental solutions and services, such as clean-up and preparedness services related to oil spill response and oil spills, services for the treatment of waste and tailored and adapted water treatment solutions. Lamor operates together with its local partners, offering a wide selection of solutions, which can be tailored according to the needs of each customer, and aiming to clean the world, for which the company has worked since its incorporation. The company's share is listed on the Nasdaq First North Premier Growth Market Finland marketplace maintained by Nasdaq Helsinki under the trading code LAMOR. Further information: www.lamor.com