Benefon Oyj - Company Announcement

SUBSCRIPTIONS IN BENEFON OYJ'S DIRECTED ISSUE ACCEPTED

Benefon announced on March 15th, 2007 that the Board of Directors has decided to
extend the seventh tranche of committed financing and decided to issue shares   
and convertible bond loan for a total amount of EUR 561,000.00 to Ashland       
Partners LP and Killarney Partnersin an extended direct offering. Ashland       
Partners LP subscribed for 1,352,605 of the total of 2,045,313 offered shares   
and convertible bond loan of EUR 86,953.10 of the total of offered EUR          
131,484.35. Killarney Partners subscribed for the remainder of shares and       
convertible bond load issued, accordingly 692,708 shares and EUR 44,531.25. All 
of the issued shares and convertible bond loan has now been subscribed for and  
paid in full and the Board of Directors has accepted the subscriptions.         

As a result of share subscriptions company's share capital is increased by EUR  
20,453.13. The remainder of EUR 409,062.52 of the share subscriptions is booked 
to invested unrestricted equity fund. The convertible bond loan entitles its    
holders to subscribe for a maximum of 2,629,687 new investment series shares by 
December 31, 2012.                                                              

It is estimated that the new shares subscribed for in the directed share issue  
would be registered in the trade register by April 5th, 2007 at the latest and  
applied for listing in OMX together with company's existing investment series   
shares by April 12th 2007 at the latest.                                        



BENEFON OYJ                                                                     


Tomi Raita                                                                      
CEO                                                                             


For more information, please contact:                                           
Tomi Raita, CEO, tel. +358-2-77400                                              
www.benefon.com                                                                 

Distribution:                                                                   
Helsinki Exchanges                                                              
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