Neo Industrial Oyj - Company Announcement

NEO INDUSTRIAL MAKES EUR 6.4 MILLION WRITE-OFFS ON THE FINNDOMO SHARES

NEO INDUSTRIAL OYJ         STOCK EXCHANGE RELEASE       June 28, 2012 at 1.30 pm



Neo Industrial is writing off EUR 6.4 million on the share of Finndomo Ltd on
the Q2/2012 result. After the write-offs Finndomo has no value on the balance
sheet of Neo Industrial. At the same time Neo Industrial gives up the Single
Family Housing Segment. 

The liquidity of Finndomo, now under corporate restructuring process, has not
improved in spite of saving measures and centralization of business operations.
The operation of Sonkajärvi factory has been sold to Omatalo Ltd. Omatalo has
high volume of orders and over 100 employees in Sonkajärvi. 

Finndomo is continuisly trying to find a solution for the future operation of
Hartola factory and  window factories in Haukipudas. 

Neo Industrial Plc

Markku E. Rentto
Managing Director



Further information:
Markku E. Rentto,  Managing Director, 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, Viscose Fibers and Single Family
Housing.