Aspo - Corporate Action

ASPO IS STREAMLINING ITS ADMINISTRATIVE STRUCTURE

ASPO Plc   STOCK EXCHANGE ANNOUNCEMENT   October 3, 2008 at 10:00
a.m.

Following the Kauko-Telko acquisition, Aspo is reorganizing its
operations. As part of the reorganization, Kauko-Telko Ltd will be
divided into Telko Ltd, Leipurin Ltd, Hamina Terminal Services Ltd
and Kaukomarkkinat Ltd. Kauko-Telko's centralized administration will
be dissolved and appropriate parts of it will be transferred to
operating activities and Group administration by the end of the year.
Due to the planned reorganization, Aspo will initiate statutory
negotiations with personnel representatives, as required under the
Act on Co-Operation Within Undertakings, concerning all Kauko-Telko's
administrative personnel groups and no more than 50 people. The
potential reduction in personnel due to the reorganization of
operations is estimated at 10 to 15 persons. The statutory
negotiations will commence on October 9, 2008, and last six weeks.
Aspo estimates that the streamlining of the administrative structure
and the elimination of overlaps will achieve approximately EUR 2
million in savings annually. Part of the need for reductions has
already been resolved through negotiations, by terminating external
temporary positions and through pension arrangements.

ASPO Plc

Gustav Nyberg
CEO

For more information, please contact
Gustav Nyberg, +358 9 7595 256 or +358 40 503 6420
gustav.nyberg@aspo.fi

Aspo is a conglomerate focusing on sectors that require extensive
specialist knowledge. Aspo owns and develops the leading businesses
in its sector, which include ESL Shipping, Leipurin as well as Telko.
Aspo also comprises Kaukomarkkinat which focuses on selected fields
in commerce. Aspo serves demanding business-to-business clients. In
2007, the company's net sales (pro forma) amounted to EUR 495.3
million.

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