Innofactor Oyj - Company Announcement

Innofactor issues a EUR 3.2 million hybrid bond

Innofactor Plc Stock Exchange Release, December 17, 2013, 08:30 Finnish time

Not for publication or distribution, directly or indirectly, in or into the
United States, Canada, Japan, Hong Kong, Australia or any other jurisdiction in
which the distribution or release would be unlawful 

Innofactor Plc issues a EUR 3.2 million hybrid bond, i.e. capital securities.
The proceeds of the hybrid bond will be used to buy back about 4.7 million
Innofactor own shares from atBusiness Oy sellers estimated before end of year
2013. According to the sales agreement, Innofactor has the right to buy back
from the sellers of atBusiness approximately 4.7 million shares, used as
payment for the acquisition at the subscription price, at EUR 0.6739 per share
before December 31, 2013, and at a 3 percent higher share price EUR 0.6941
before March 31, 2014. 

The coupon rate of the bond is 9.00% per annum. The bond has no maturity but
the company may exercise an early redemption option during February 2016. The
settlement date of the bond is December 20, 2013. The issue was aimed primarily
for domestic professional investors and it was fully subscribed. 

A hybrid bond is an instrument which is subordinated to the company's other
debt obligations. The hybrid bond does not confer to its holders the rights of
a shareholder and does not dilute the holdings of the current shareholders. 

Merasco Oy acts as the financial advisor. Castrén & Snellman Attorneys Ltd acts
as the legal advisor to Innofactor. 


Espoo, December 17, 2013

INNOFACTOR PLC

Board of Directors


Additional information:

Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029


Distribution:

NASDAQ OMX Helsinki
Principal media
www.innofactor.com



Innofactor is one of the leading software providers focused on Microsoft
solutions in the Nordic countries. Innofactor delivers to its customers IT
projects as a system integrator and develops its own software products and
services. The focus area in its own product development is Microsoft Azure
based cloud solutions. Innofactor's customers include over 1,000 companies and
government organizations in Finland, Denmark, Sweden and elsewhere in Europe.
In its operation, Innofactor strives for long-term customer relationships.
Innofactor has over 400 motivated and skilled employees in several locations in
Finland, Denmark, Sweden and Russia. The five year growth of Innofactor's net
sales in 2008 to 2012 has been about 35 percent annually. Innofactor is the
fastest growing technology company in the Finnish stock exchange. The
Innofactor Plc share is listed in the technology section of the main list of
NASDAQ OMX Helsinki Oy.