Neomarkka - Company Announcement

AVILON'S CORPORATE RESTRUCTURING APPLICATION ACCEPTED

NEO INDUSTRIAL PLC STOCK EXCHANGE RELEASE    5 October, 2011 at 12.30 pm

AVILON'S CORPORATE RESTRUCTURING APPLICATION ACCEPTED

Avilon Ltd, part of Neo Industrial's Viscose Fibers business, has today been
accepted by its local district court for a corporate restructuring program. 

Avilon submitted the application on 7 September, 2011 due to its critical
liquidity situation. Exceptionally volatile raw material as well as viscose
fiber markets have lead to the company's difficulties. 

- We have faith in our long-term prospects, and trust that we will get back to
profitable business in reasonable time. Being accepted for the restructuring
shows that others too have trust in us, says Avilon's Managing Director Heikki
Hassi. 


Neo Industrial Plc

Markku E. Rentto
Managing Director


FURTHER INFORMATION:
Heikki Hassi, Managing Director, Avilon, tel. +358 20 7800 506

www.neoindustrial.fi

Neo Industrial Plc'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 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).