Leipurin Oyj - Company Announcement

The Initial Public Offering of Leipurin Plc is interrupted and the listing is cancelled for the time being

LEIPURIN PLC STOCK EXCHANGE RELEASE  December 3, 2014 at 18:50

Not for publication or distribution, directly or indirectly, in or into the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 Aki Ojanen, Chairman of the Board of Leipurin Plc.

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.

LEIPURIN PLC

Board of Directors

Further information:
Aki Ojanen, Chairman of the Board, Leipurin Plc, +358 9 5211, +358 400 106 592
aki.ojanen(a)aspo.com

Leipurin serves the bakery industry and other food industry by providing product
development services, raw materials needed for baking, and equipment from
individual machines to full-scale baking lines. Leipurin operates in Finland,
Russia, the Baltic countries, Poland, Ukraine, Belarus, and Kazakhstan. The
operations in Russia geographically cover all important regions. In its
procurement operations, Leipurin operates both internationally and by developing
local procurement. In 2013, Leipurin's net sales were EUR 136 million.
www.leipurin.com

DISTRIBUTION:
Nasdaq Helsinki
Key media
www.leipurin.com

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.



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