Ixonos - Company Announcement

PAYMENT OF ADDITIONAL ACQUISITION PRICE INSTALMENT FOR THE SHARE CAPITAL OF MERMIT BUSINESS APPLICATIONS OY - A DIRECTED SHARE ISSUE AND AN INCREASE OF SHARE CAPITAL

IXONOS PLC STOCK EXCHANGE RELEASE 3 OCTOBER 2008                                

PAYMENT OF ADDITIONAL ACQUISITION PRICE INSTALMENT FOR THE SHARE CAPITAL OF     
MERMIT BUSINESS APPLICATIONS OY - A DIRECTED SHARE ISSUE AND AN INCREASE OF     
SHARE CAPITAL                                                                   

By a contract signed on 9 May 2007, Ixonos Plc acquired the entire share capital
of Mermit Business Applications Oy (now Ixonos Technology Consulting Ltd). In   
accordance with the terms of the share acquisition contract, the final          
acquisition price was tied to the development of the turnover and result of     
Ixonos Technology Consulting Ltd between 1 June 2007 and 31 May 2008.           

The additional acquisition price, tied to the turnover and result of Ixonos     
Technology Consulting Ltd between 1 June 2007 and 31 May 2008, was agreed to be 
paid partly in cash, and partly with new Ixonos Plc shares. To pay the share    
consideration, and based on the authorization of the Annual General Meeting on 3
April 2008, the Board of Directors of Ixonos Plc decided on 12 September 2008 to
execute a directed share issue of 204,204 new Ixonos Plc shares at some of the  
former owners of Ixonos Technology Consulting Ltd, for a subscription price of  
EUR 4.07 per share, and under the conditions in appendix 1. The share           
subscription price is based on the terms of the share acquisition contract, and 
corresponds to the trade volume weighted average price of the Ixonos Plc share  
on OMX Nordic Exchange Helsinki between 1 March 2008 and 31 May 2008. The main  
part of the additional acquisition price was paid in cash.                      

The new shares subscribed for in the directed share issue, as well as the share 
capital increase, have been entered into the Finnish Trade Register today, 3    
October 2008. The new shares confer full shareholder rights. After the increase,
the share capital of Ixonos Plc is EUR 370,123.56; the number of shares is      
9,253,089. The new shares will be subject to public trading on OMX Nordic       
Exchange Helsinki from 6 October 2008, in the same share class as the company's 
old shares.                                                                     

Ixonos Plc is an information and communication technology service company       
producing customized technology-consulting, project management and software     
development services that support competitiveness and risk management. Ixonos's 
clientele comprises leading mobile and smartphone manufacturers, mobile network 
suppliers and telecom carriers operating in the international marketplace, as   
well as Finnish finance, industrial and service companies and public            
administration organizations.                                               

IXONOS PLC                                                                      
Kari Happonen                                                                   
President and CEO                                                               

FURTHER INFORMATION IS AVAILABLE FROM:                                          
Ixonos Plc                                                                      
Timo Leinonen, CFO                                                              
tel. +358 424 2231, mobile +358 400 793 073, timo.leinonen@ixonos.com           

DISTRIBUTION:                                                                   
NASDAQ OMX Helsinki                                                             
Main media                                                                      

To pay the additional acquisition price for the share capital of Ixonos         
Technology Consulting Ltd, and based on the share issue authorization of the    
Annual General Meeting on 3 April 2008, the company's Board of Directors has    
decided, on 12 September 2008, to execute a directed share issue under the      
following conditions:                                                           

TERMS OF SHARE ISSUE                                                            

New shares                                                                      

The company offers a total of 204,204 new shares for subscription. The new      
shares to be issued correspond to approximately 2.2% of the company's registered
shares, and the votes conferred by them, on the closing day of the share issue. 

Subscription right                                                              

The new shares will be offered for subscription, according to appendix 1, to the
sellers of Ixonos Technology Consulting Ltd.  The shareholders' pre-emptive     
right will be deviated from, because the additional acquisition price of Ixonos 
Technology Consulting Ltd's share capital will be paid partly in new company    
shares. The aim is to increase the subscription right holders' commitment and   
incentive to boosting the company's shareholder value. Thus, the Board of       
Directors considers that there is a weighty financial reason for the company to 
deviate from the shareholders' pre-emptive right.                               

Subscription period                                                             

The share subscription period starts on 12 September 2008, and ends on 15       
September 2008. The Board of Directors has the right to close the subscription  
period once all shares have been subscribed for.                                

Subscription price and its entry                                                

The subscription price in the issue is based on the terms of the share          
acquisition contract, and is therefore EUR 4.07 per share. The subscription     
price corresponds to the trade volume weighted average price of the company's   
share on OMX Nordic Exchange Helsinki between 1 March 2008 and 31 May 2008. Of  
the subscription price, EUR 0.04 per share will be added to the share capital;  
the remainder will be entered into the invested non-restricted equity fund.     

Payment of the subscription price                                               

The subscription right holder has an entitlement and obligation to pay for the  
new shares he has subscribed for, by deducting a sum, corresponding to the      
subscription price, from the additional acquisition price owed to him by the    
company.  The above-mentioned additional acquisition price, and its amount, is  
based on the terms of the share acquisition contract, between the company and   
the subscription right holders, pertaining to the share capital of Ixonos       
Technology Consulting Ltd. In accordance with the above, the shares shall be    
paid before the end of the subscription period.                                 

Subscription for shares, approval of subscriptions, and cancellation of the     
share issue       

Subscriptions for shares are registered on a separate subscription list.        
Subscriptions are binding.