Neo Industrial Oyj - Company Announcement

THE DISMISSION OF THE BANKRUPTCY ESTATE OF KUITU FINLAND'S ACTION BECAME LAW

NEO INDUSTRIAL PLC          STOCK EXCHANGE RELEASE      29 April 2014 at 3.15 pm

THE DISMISSION OF THE BANKRUPTCY ESTATE OF KUITU FINLAND'S ACTION BECAME LAW

The action against Neo Industrial Plc regarding the personal quarantee on the
purchase of the mill real estate of Neo Industrial's subsequently bankrupted
Avilon Fibres Ltd as non-current compensation was dismissed by the District
Court of Pirkanmaa on 17 March. The quaranteed debt of EUR 5 million as well as
building cost index  is due for payment during 25 years in accordance with the
agreement. 

The bankruptcy estate of Kuitu Finland has not filed a letter of complaint by
the closing date and the decision of the District Court of Pirkanmaa is final
and legally valid. 

The decision of the District Court has no effect on the financial statements of
Neo Industrial Plc. 



Neo Industrial Plc


Jari Salo
Managing Director



For further information, please contact:
Jari Salo, Managing Director, tel. +358 207 209 196
Sari Tulander, CFO, tel. +358 207 209 192

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 segment is Cable Industry.