Neomarkka - Company Announcement

REKA CABLES STARTS CO-DETERMINATION NEGOTIATIONS

NEO INDUSTRIAL OYJ      STOCK EXCHANGE RELEASE             January 13, 2012 at
12.00 

REKA CABLES STARTS CO-DETERMINATION NEGOTIATIONS

Neo Industrial's subsidiary Reka Cables Ltd starts co-determination
negotiations concerning the entire personnel in Finland, totalling 231 people. 

The adjustments will be mainly temporary lay-offs with maximum length of 90
days and notice of termination for 9 persons at most. The detailed adjustment
needs will be specified during the negotiations. 

The co-determination negotiations will start on Janyary 13, 2012 and are
estimated to be concluded during week 4/2012. 

The purpose of the co-determination negotiations is to secure company's ability
to compete, considering the seasonal fluctuation, market situation and sales
development. 



Neo Industrial Plc



Markku E. Rentto
Managing Director

Further information:
Markku E. Rentto, Managing Director, tel. +358 207 209 191

www.neoindustrial.fi

Neo Industrial's strategy is to invest mainly in industrial companies with
similar synergic benefits. The aim of investments is with active ownership to
develop the purchased companies and establish additional value. Returns are
sought through both dividend flow and an increase in value. Neo Industrial's
class B shares are listed on the NASDAQ OMX Helsinki Stock Exchange. 

Neo Industrial's business segments are Cable (Reka Cables, Expokabel, Nestor
Cables), Viscose Fibers (Avilon) and Single Family Housing (Finndomo).