Aspo - Company Announcement

ASPO TO DIVEST TELKO'S TERMINAL SERVICES IN HAMINA

ASPO Plc   STOCK EXCHANGE BULLETIN  August 26, 2009 at 4:45 p.m.

Telko, part of Aspo Group, will divest the business operations of the
Hamina-based Hamina Terminal Services Ltd to North European Oil Trade
Ltd (NEOT) under a deed of sale signed today, August 26, 2009. The
cash flow from the transaction before tax will be approximately EUR
11 million, and the sales gain to be booked in the third quarter
result is expected to be EUR 3.2 million. As a result of the deal,
goodwill in Telko will be dissolved. The transaction will be
completed on August 31, 2009.

The operations in Hamina were transferred to Aspo in a corporate
acquisition carried out in 2008. The terminal operations have mainly
focused on logistics services concerning liquid chemical products
originating from Russia. The business of the Hamina Terminal involves
terminal storage and related services provided for external
customers. After the divestment of the Hamina Terminal, Telko will
still have the Rauma Terminal in Finland, which operates as a
terminal for industrial raw materials forwarded by Telko."The divestment of the terminal business is part of Telko's strategy
of focusing on the main business, and this clarifies the structure of
the company. In its operations, Telko focuses on providing customers
with added value through expertise and services as well as on
supplying raw materials in the chemical and plastics industry
sectors. The characteristics of Hamina Terminal Services deviate from
Telko's core business. The terminal is an excellent strategic target
for the buyer," says Aki Ojanen, CEO of Aspo Plc.

ASPO Plc

Aki Ojanen
CEO

For more information:
CEO Aki Ojanen, Aspo Plc, +358 9 521 4010, +358 400 106 592
aki.ojanen@aspo.fi

DISTRIBUTION:
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Aspo on monialayhtiö, joka omistaa ja kehittää liiketoimintoja
Itämeren alueella keskittyen vaativiin B-to-B -asiakkaisiin. Vahvojen
yritysbrändiemme, ESL Shipping, Leipurin, Telko ja Kaukomarkkinat,
tavoitteena on olla toimialojensa markkinajohtajia. Ne vastaavat
omasta toiminnastaan, asiakassuhteistaan ja niiden kehittämisestä.
Kokonaisuutena ne tuottavat Aspon liikearvon. Aspon
konsernirakennetta ja liiketoimintoja kehitetään pitkäjänteisesti
ilman ennalta määriteltyä aikataulua.