Solteq Oyj - Company Announcement

SOLTEQ DIVESTS MAINIOT SOFTWARE LTD AND STRENGHTENS IT’S STRATEGY AS EXPERT IN THE FIELD OF DIGITAL COMMERCE

Solteq Plc Stock Exchange Bulletin 1.3.2016 at 9 am EET

Solteq Plc (Solteq) has signed an agreement by which it has sold the entire
share capital of MainIoT Software Ltd (MainIoT), its fully owned subsidiary. The
purchaser is IFS, a globally operating company in developing and delivering
business software for enterprise resource planning (ERP), enterprise asset
management (EAM) and enterprise service management (ESM). The divestment enables
Solteq to focus more on its strategic areas.

As has been communicated in the fall 2015 Solteq’s strategy will focus strongly
in the field of digital commerce in Finland, Sweden and even in broader
geographical perspective with our global customers. To accomplish its goals and
objectives Solteq is ready to move forward both in terms of acquisitions and
divestments.

Debt free purchase price of MainIoT is about 7,4 million euros, and it has been
paid by cash. An additional purchase price of 0,6 million euros within next two
years has also been agreed. Additional purchase price is conditional of
fulfillment of certain objectives set for the acquired business by the
purchaser. Solteq estimates that it will book a capital gain of approximately
3,2 million euros in its first quarter 2016 results.

“I am very pleased that we made this agreement about selling the shares with
IFS. The business of MainIoT will continue in an excellent company with perfect
strategic fit. I think that this is the best possible next step for the people,
customers and future of MainIoT. At the same time this transaction enables us to
focus on our core strategy”, comments Repe Harmanen, CEO of Solteq Plc.

Revenue of MainIoT Software Plc. was 5,0 million and profit 0,6 million euros in
2015. There are 40 people working in MainIoT.

Solteq estimates that the divestment has no impact on the Solteq group’s revenue
and profit guidance included in its financial reports bulletin. Compared to year
2015 turnover is expected to grow significantly and operating profit before non
-recurring items is expected to grow.

SOLTEQ PLC

Further information:

CEO Repe Harmanen,
Tel +358 400 467 717
e-mail: repe.harmanen@solteq.com

CFO Antti Kärkkäinen,
Tel +358 40 8444 393
e-mail: antti.karkkainen@solteq.com

Distribution:

NASDAQ OMX Helsinki
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