Aspo - Company Announcement

The initial public offering of Leipurin Plc is interrupted and the listing is cancelled for the time being

ASPO PLC STOCK EXCHANGE RELEASE  December 3, 2014 at 18.35

Not for publication or distribution, directly or indirectly, in or into the
United States, Canada, Australia, New Zealand, Hong Kong, South Africa,
Singapore or Japan or any other jurisdiction in which the distribution or
release would be unlawful.

THE INITIAL PUBLIC OFFERING OF LEIPURIN PLC IS INTERRUPTED AND THE LISTING IS
CANCELLED FOR THE TIME BEING

The Board of Directors of Leipurin Plc ("Leipurin") and the Board of Directors
of its sole shareholder Aspo Plc ("Aspo") have decided to interrupt the initial
public offering announced on November 20, 2014 and cancel for the time being the
introduction of Leipurin for public trading in the official list of NASDAQ OMX
Helsinki Ltd.

Earlier today, Leipurin published a stock exchange release regarding the
downgrading of its fourth quarter result compared with the earlier published
result forecast. The long-term targets of Leipurin have not changed."The collapse of the external value of the Russian Ruble, starting from November
24, 2014, against the Euro by about 17%, has increased the uncertainty among
investors regarding the development of companies operating in Russia. Although
the business of Leipurin in Russia carries little risk, the investment
atmosphere of institutional investors regarding the listing of Leipurin has
turned negative. Aspo will assess the possibilities for listing Leipurin at a
later stage," says Gustav Nyberg, Chairman of the Board of Aspo Plc.

Aspo returns to the guidance issued on October 17, 2014: Aspo's operating profit
will increase significantly in 2014 compared to 2013 and amount to EUR 22-24
million (operating profit for 2013: EUR 10.8 million). The guidance includes the
expenses of preparations for the listing of Leipurin, estimated at EUR 1.2
million.

The subscription reservation payment paid by the investors in the public
offering in conjunction with the subscription will be refunded to the
subscribers approximately three (3) banking days after the cancellation
decision, i.e. on or around December 8, 2014. If the investor's bank account is
in another financial institution than the subscription place used by the
investor, the refund will be paid to a Finnish bank account in accordance with
the payment schedule of the financial institutions approximately no more than
two (2) banking days later. No interest will be paid on the repaid funds.

ASPO PLC

Board of Directors


Further information:
Aki Ojanen, CEO Aspo Plc, +358 9 5211, +358 400 106 592
aki.ojanen(a)aspo.com

Aspo is a conglomerate that owns and develops business operations in northern
Europe and growth markets, focusing on demanding B-to-B customers. Our strong
company brands - ESL Shipping, Leipurin, Telko and Kaukomarkkinat - aim to be
the market leaders in their sectors. They are responsible for their own
operations, customer relationships and the development of these. Together they
generate Aspo's goodwill. Aspo's Group structure and business operations are
continually developed without any predefined schedules.

DISTRIBUTION:
Nasdaq Helsinki
Key media
www.aspo.fi

DISCLAIMER:

The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States, Canada, Australia, New
Zealand, South Africa, Hong Kong, Singapore or Japan or any other jurisdiction
in which according to applicable legislation the distribution or release would
be unlawful. This release does not constitute an offer of securities for sale in
the United States, nor may the securities be offered or sold in the United
States absent registration or an exemption from registration as provided in the
U.S. Securities Act of 1933, as amended, and the rules and regulations
thereunder.

[HUG#1876837]