Neo Industrial Oyj - Company Announcement

NEO INDUSTRIAL PLC: MR.RALF SOHLSTRÖM APPOINTED MANAGING DIRECTOR OF REKA CABLES LTD

NEO INDUSTRIAL PLC         STOCK EXCHANGE RELEASE       28 April 2015 at 9.30 am

NEO INDUSTRIAL PLC: MR.RALF SOHLSTRÖM APPOINTED MANAGING DIRECTOR OF REKA
CABLES LTD 

Mr. Ralf Sohlström (52), M.Sc. (Eng.) has been appointed as Managing Director
of Reka Cables Ltd. from 1.5.2015. Reka Cables Ltd. is subsidiary of Neo
Industrial Plc. Ralf has previously worked as Managing Director of Kolmeks
Group Oy and Meconet Oy. 

Reka Cables' former Managing Director Harry Clayhills M.Sc. (Econ.) will
continue from 28.4.2015 carrying out assignments given by the Board of
Directors. 

The financial situation of Reka Cables has been developing favorable in year
2014. The change of the leadership will further enhance focus on profitable
growth. Business growth will be sought especially from exporting cables
products to Nordic Countries and Baltic. 

Hyvinkää, 28 April 2015

Neo Industrial Plc
Jari Salo
Managing Director

FURTHER INFORMATION
Jari Salo, Managing Director, tel. +358 207 209 196
Jukka Koskinen, Chairman of the Board, Reka Cables Ltd, tel. +358 40 7499 402

www.neoindustrial.fi

Neo Industrial's strategy is to invest mainly in industrial companies with
similar synergic benefits. The aim of investments is with active ownership to
develop the purchased companies and establish additional value. Returns are
sought through both dividend flow and an increase in value. Neo Industrial's
class B shares are listed on the main list of NASDAQ Helsinki Stock Exchange.
Neo Industrial's business segment is Cable Industry.