Inion Oyj - Company Announcement

Final Day Trading

Inion Oy                                    
                           (“Inion” or the “Company”)                           

                               Final Day Trading                                

Tampere, Finland and Guildford, UK. 23 June 2009, Inion (LSE: IIN.L), a company 
focused on the development and commercialisation of novel biodegradable medical 
implants, announces that today is the last day its Ordinary Shares will be      
listed on the Official List of the UK Listing Authority and admitted to trading 
on the London Stock Exchange's market for listed securities. Inion Ordinary     
Shares will be cancelled from admission to the Official List effective from 8.00
am on 24 June 2009.                                                             

The Directors believe that following the Delisting, the Company will be better  
placed as an unlisted company either (i) to secure potential investors and/or   
buyers of certain assets in order to raise the necessary funds to execute the   
business plan, focused on the spinal implant range, or (ii) failing such        
additional investment/disposals, to facilitate a liquidation of the Company.    

Chris Lee, Inion's CEO, said: “2009 has been difficult for Inion given the      
operational progress the Company made during 2008, particularly in the US. We   
are pleased with the way discussions are progressing across a range of strategic
options, which, if they come to fruition, will allow us to refocus on           
operational activities to build the business. We still face many challenges, but
the Directors believe that the increased flexibility of being unlisted positions
Inion better to progress these discussions to a satisfactory conclusion for our 
shareholders.”                                                                  
	                                                                               
From 24 June, investors will be able to receive news and information about Inion
from the Company's website www.inion.com and can register for news updates to be
sent directly by email by contacting info@inion.com.                            

                                    - Ends -                                    
For further information, please contact:                                        

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| Inion Oy                                      | Tel: +44 (0)1483 685390      |
| Chris Lee, Chief Executive Officer            |                              |
| Julien Cotta, Chief Financial Officer         |                              |
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| Citigate Dewe Rogerson                        | Tel: +44 (0)207 638 9571     |
| Mark Swallow / David Dible / Helena Galilee   |                              |
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About Inion (www.inion.com)                                                     

Inion Oy is a medical devices company focused on the development and successful 
commercialisation of innovative and unique biodegradable and bioactive surgical 
implants in selected high value orthopaedic market segments.                    

Inion's core expertise and technology lies in the design and manufacture of     
innovative biodegradable plates, screws, pins and membranes, which are used to  
enhance the healing of bone or soft tissue injuries to the skeleton, such as    
those caused by trauma or by reconstructive surgery. Inion implants are made    
from its proprietary Inion Optima™ family of biomaterials, with properties      
tailored for specific surgical applications, in terms of strength, flexibility  
and rate of degradation                                                         
                                                                                
Inion is also focused on developing proprietary new bioactive and               
biodegradable biomaterials that promote bone healing and accelerate patient     
rehabilitation.                                                                 

Inion was incorporated in early 2000 and listed on the Official List of the UK  
Listing Authority in December 2004 (ticker: IIN). The Company has offices in the
UK and USA, and its head office, R&D and production facilities are in Tampere,  
Finland.                                                                        

This announcement includes "forward-looking statements" which include all       
statements other than statements of historical facts, including, without        
limitation, those regarding the Group's financial position, business strategy,  
plans and objectives of management for future operations (including development 
plans and objectives relating to the Group's products), and any statements      
preceded by, followed by or that include forward-looking terminology such as the
words "targets", "believes", "estimates", "expects", "aims", "intends", "will", 
"can", "may", "anticipates", "would", "should", "could" or similar expressions  
or the negative thereof. Such forward-looking statements involve known and      
unknown risks, uncertainties and other important factors beyond the Group's     
control that could cause the actual results, performance or achievements of the 
Group to be materially different from future results, performance or            
achievements expressed or implied by such forward-looking statements. Such      
forward-looking statements are based on numerous assumptions regarding the      
Group's present and future business strategies and the environment in which the 
Group will operate in the future. Among the important factors that could cause  
the Group's actual results, performance or achievements to differ materially    
from those in forward-looking statements include those relating to Inion's      
funding requirements, regulatory approvals, reliance on third parties,          
intellectual property, key personnel and other factors. These forward-looking   
statements speak only as at the date of this announcement. The Group expressly  
disclaims any obligation or undertaking to disseminate any updates or revisions 
to any forward-looking statements contained in this announcement to reflect any 
change in the Group's expectations with regard thereto or any change in events, 
conditions or circumstances on which any such statements are based. As a result 
of these factors, prospective investors are cautioned not to rely on any        
forward-looking statement.