Aspo - Company Announcement

ASPO GROUP'S LEIPURIN ACQUIRES VULGANUS

ASPO Plc   STOCK EXCHANGE RELEASE  December 8, 2011 at 7:45 a.m.

Leipurin Ltd, part of Aspo Group, has acquired the entire share capital of
Vulganus Oy, a manufacturer of bakery machinery. Vulganus is particularly
specialized in manufacturing spiral systems for cooling, freezing and leavening
processes. Their advantages include reliability, energy-efficiency and a high
level of hygiene.

The estimated net sales for Vulganus in 2011 are more than EUR 7 million, and
the company has 30 employees. The production facilities of Vulganus are based in
Nastola, Finland. The transaction does not have a significant effect on Aspo's
earnings.

As part of the transaction arrangements, the sellers will purchase a total of
217,691 company-held shares from Aspo. The share transaction is implemented upon
a decision by Aspo Plc's Board of Directors as a directed share issue under the
authorization granted by the Annual Shareholders' Meeting on April 5, 2011. The
transfer price is EUR 6.8905 per share. After the transfer Aspo Plc will possess
326,779 company-held shares."The transaction will significantly strengthen our position as a machinery and
manufacturing line provider in Finland, the Baltic countries and Russia. The
transaction will also open up new markets for us in Central Europe," says Matti
Väänänen, Managing Director of Leipurin Ltd.

Leipurin Ltd is one of only a few companies in Europe that can supply businesses
with both machinery and raw materials for the bakery industry. The net sales of
Leipurin business in 2010 were EUR 108.7 million, of which the share of
machinery was more than 10%."The transaction will further strengthen Aspo's rapid growth in the Russian
growth market. Expectations concerning total deliveries of bakery machinery to
the Russian bakery market require more diverse solutions that do well in terms
of price competition. This acquisition is a vital additional step for the
development of Leipurin," says Aki Ojanen, CEO of Aspo Group.

Leipurin supplies machinery and full manufacturing lines for all stages of the
production process, from dough making to product packaging. The machinery is
either manufactured by Leipurin, or by significant international principals. The
product development of our own machines is often carried out in close
cooperation with our customers."The Vulganus product range is a perfect supplement to our existing range on
offer. In addition to bakery customers, we will also have the opportunity to
deliver machinery to the meat and processed food industry," says Mr Väänänen.

ASPO Plc

Aki Ojanen
CEO

For more information:
Matti Väänänen, Managing Director, Leipurin Ltd, phone +358 400 845 970
Mikko Lehtinen, Managing Director, Vulganus Oy, phone +358 50 565 1251

DISTRIBUTION:
NASDAQ OMX Helsinki
Key media
www.aspo.com

Leipurin serves the baking and food industry by supplying ingredients,
production machinery, and production lines, as well as related expertise.
Leipurin operates in Finland, Russia, Poland, the Baltic countries, Ukraine,
Belarus, and Kazakhstan. In Russia, Leipurin has operations in several large
cities in addition to St Petersburg and Moscow.www.leipurin.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, and building and developing their own customer relationships.
Together they generate Aspo's goodwill. Aspo's Group structure and business
operations are continually developed without any predefined
schedule.www.aspo.com


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