Neo Industrial Oyj - Company Announcement

REKA CABLES’ CO-DETERMINATION NEGOTIATIONS CONCLUDED

NEO INDUSTRIAL PLC      STOCK EXCHANGE RELEASE      February 6, 2012 at 11.00 am

REKA CABLES' CO-DETERMINATION NEGOTIATIONS CONCLUDED

Neo Industrial's subsidiary Reka Cables has concluded the co-determination
negotiations concerning the entire personnel in Finland. The negotiations were
announced on January 13, 2012.  The purpose of the co-determination
negotiations was to secure company's ability to compete, considering the
seasonal fluctuation, market situation and sales development 

Thanks to the increased volume of orders the adjustments can be accomplished by
using wide range of working time flexibilities and re-scheduling of holidays.
At the same time  Reka Cables will shut down the factories for 1 - 2 weeks in
February - April and apply partial 4-days working week. 

With these arrangements the company was able to avoid the dismissal of
employees. 



Neo Industrial Plc

Markku E. Rentto
Managin Director

For further information, please contact:
Managing Director Markku E. Rentto, tel. +358 207 209 191


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 NASDAQ OMX Helsinki Stock Exchange. 

 Neo Industrial's business segments are Cable (Reka Cables, Expokabel, Nestor
Cables), Viscose Fibers (Avilon) and Single Family Housing (Finndomo).