Inion Oyj - Company Announcement

NOTIFICATION OF MAJOR INTERESTS IN SHARES

23 November 2007                                                                

                                    Inion Oy                                    
                           (“Inion” or the “Company”)                           

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                    

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| 1. Identity of the issuer or the underlying |                       Inion Oy |
| issuer of existing shares to which voting   |                                |
| rights are attached:                        |                                |
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| 2. Reason for notification (yes/no)                                          |
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| An acquisition or disposal of voting rights                        |   Yes   |
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| An acquisition or disposal of financial instruments which may      |   No    |
| result in the acquisition of shares already issued to which voting |         |
| rights are attached                                                |         |
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| An event changing the breakdown of voting rights                   |   No    |
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| Other (please specify):______________                              |   No    |
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| 3. Full name of person(s) subject   | Barclays Plc and its subsidiaries      |
| to notification obligation:         |                                        |
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| 4. Full name of shareholder(s) (if  | Barclays Bank Plc  786,220  1.04%      |
| different from 3):                  | Barclays Bank Trust co Ltd  1,201      |
|                                     | 0.00%                                  |
|                                     | Barclays Capital Securities Ltd        |
|                                     | 2,984,681 3.96%                        |
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| 5. Date of transaction (and date on | 9 November 2007                        |
| which the threshold is crossed or   |                                        |
| reached if different):              |                                        |
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| 6. Date on which issuer notified:   | 13 November 2007                       |
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| 7. Threshold(s) that is/are crossed | 5%                                     |
| or reached:                         |                                        |
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| 8: Notified Details                                                          |
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| A: Voting rights attached to shares                                          |
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| Situation previous to | Resulting situation after the triggering transaction |
| the triggering        |                                                      |
| transaction           |                                                      |
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| Number of voting rights              | Percentage of voting rights           |
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| Direct            | Indirect         | Direct           | Indirect           |
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| Number of | Number of | Number of  |                                         |
| shares    | voting    | shares     |                                         |
|           | rights    |            |                                         |
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| Class/ |                                                                     |
| type   |                                                                     |
| of     |                                                                     |
| shares |                                                                     |
| If     |                                                                     |
| possib |                                                                     |
| le use |                                                                     |
| ISIN   |                                                                     |
| code   |                                                                     |
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| Ordina | 3,762, | 3,762 | 3,772, | 3,772,102     | -      | 5.01%  | -       |
| ry     | 102    | ,102  | 102    |               |        |        |         |
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| B: Financial Instruments                                                     |
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| Resulting situation after the triggering transaction                         |
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| Type of      | Expiration   | Exercise/    | No. of voting   | Percentage of |
| financial    | date         | conversion   | rights that may | voting rights |
| instrument   |              | period/date  | be acquired (if |               |
|              |              |              | the instrument  |               |
|              |              |              | exercised/conve |               |
|              |              |              | rted)           |               |
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| Total (A+B)                                                                  |
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| Number of voting rights              | Percentage of voting rights           |
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| 3,772,102                            | 5.01%                                 |
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| 9. Chain of controlled undertakings through which the voting rights and /or  |
| the financial instruments are effectively held, if applicable:               |
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| See section 4                                                                |
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| Proxy Voting:                                                                |
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| 10. Name of proxy holder:            | See section 4                         |
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| 11. Number of voting rights proxy    | N/A                                   |
| holder will cease to hold:           |                                       |
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| 12. Date on which proxy holder will  | N/A                                   |
| cease to hold voting rights:         |                                       |
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| 13. Additional information:          | Figures are based on a total number   |
|                                      | of voting rights of 75,304,527        |
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| 14 Contact name:                     | Julien Cotta                          |
|                                      | Chief Financial Officer               |
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| 15. Contact telephone name:          | + 44 1483 685 390                     |
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