Aspo - Company Announcement

THE BOARD OF DIRECTORS OF ASPO PLC DECIDED TO OFFER A CONVERTIBLE CAPITAL LOAN

ASPO PLC          STOCK EXCHANGE RELEASE   June 8, 2009 at 15.20

THE BOARD OF DIRECTORS OF ASPO PLC DECIDED TO OFFER A CONVERTIBLE
CAPITAL LOAN

The Board of Directors has decided to offer convertible capital loan
for subscription by a limited group of selected investors (Private
Placement). The funds to be collected by the convertible capital loan
are intended to be used for conversion of the company's short-term
liabilities. The decision to offer convertible capital loan is based
on authorization given by the Extraordinary Shareholders' Meeting
today on June 8, 2009. As decided by the Extraordinary Shareholders'
Meeting, the members of the Aspo Board of Directors and the company
key personnel are entitled to subscribe for a maximum total of 10% of
the amount of the convertible capital loan. Investments by the
members of the Board of Directors and the company key personnel in
the company's share-based securities combine the interests of the
executives and owners and increase shareholder value as well.

The maximum principal of the loan is EUR 15,000,000. The issue rate
of the loan is 100 per cent, and the annual fixed interest to be paid
on the principal of the loan is 7.0 per cent. The maturity is five
years. The minimum amount of subscription of the loan is EUR 50,000
and the subscription period is June 9-June 12, 2009.

A right to subscribe for a maximum of 2,307,000 new shares in the
company is incorporated to the Convertible Capital Loan 2009. Each
loan unit in the amount of EUR 50,000 entitles the loan unit holder
to convert the loan unit into 7,690 new shares. The conversion rate
is EUR 6.50. The conversion period for the loan units will commence
on August 1, 2009 and end on June 15, 2014. The conversion rate will
be credited to the reserve for invested unrestricted equity of the
company. The number of Aspo Plc's shares may be increased by a
maximum of 2,307,000 new shares on the basis of conversion.

ASPO PLC

Aki Ojanen
CEO

For more information, please contact
Aki Ojanen, tel. +358 9 7595 363, +358 400 106 592
aki.ojanen@aspo.fi

Distribution:
NASDAQ OMX Helsinki
Key Media
www.aspo.com

Aspo is a conglomerate that owns and develops businesses in the
Baltic Sea region focusing on demanding B-to-B customers. The aim of
our strong corporate brands - ESL Shipping, Leipurin, Telko and
Kaukomarkkinat - is to be the market leaders in their sectors. They
are responsible for their own operations, customer relationships and
the development of these. Together they generate Aspo's goodwill.
Aspo's Group structure and business operations are developed
persistently without any predefined schedules.