Innofactor Oyj - Company Announcement

Innofactor Personnel Issue Oversubscribed

Innofactor Plc        Stock Exchange Release September 22, 2015, at 8:30
Finnish time 

The Board of Directors of Innofactor Plc has today accepted subscriptions of
800,000 new shares in Company's personnel issue. Subscription undertakings were
submitted for 963,356 shares in total, which exceeded the offered 800,000
shares by 20.42 percent. 

“The subscription of personnel issue in full, in a moment where the stock
market has been in quite a turbulence, shows the commitment of our management
and personnel to our business and strategy”, states the founder, main owner and
CEO of Innofactor Sami Ensio. “I am very pleased with the end result of the
personnel issue.” 

The Board of Directors of Innofactor Plc decided on June 29, 2015 on a share
based incentive plan on the basis of an authorization granted by the General
Meeting of Shareholders, for all Innofactor Group's personnel in order to
engage the personnel to the Company and its goals. Key conditions of the issue
were informed in a stock exchange release on June 30, 2015. 

As a result of the personnel issue the number of Innofactor's shares will
increase with 800,000 shares to total of 33,453,737 shares. The new shares will
correspond to 2.39 percent of Innofactor Plc's post-issue share capital and
votes. The subscription price was 0.783 per share. 

The subscription price will be credited as an increase in the Company's fund
for invested unrestricted equity. 

The new shares will be registered in the Trade Register without delay. Trading
with the issued personnel shares on the Helsinki Stock Exchange (NASDAQ OMX) is
estimated to start on September 30, 2015. 



INNOFACTOR PLC

Board of Directors


Further information:

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


Distribution:

NASDAQ OMX Helsinki
Main media
www.innofactor.com

About Innofactor Plc

Innofactor is one of the leading Nordic IT solution providers focused on
Microsoft platforms. Innofactor delivers business critical solutions and
maintenance services as a system integrator and develops its own software
products and services. Innofactor's own product development is focused on
Microsoft's Azure based cloud solutions. Innofactor's customers include about
1,000 private and public sector organizations in Finland, Denmark, Sweden and
elsewhere in Europe. The company has about 400 motivated and skilled employees
in a number of locations in Finland, Denmark, and Sweden. From 2010 to 2014,
Innofactor's annual net sales growth has been 45 percent on average. Innofactor
was recognized as a winner for 2015 Microsoft Finland Partner of the Year and
finalist for two global Public Sector categories. The Innofactor Plc is listed
in the technology section of the main list of NASDAQ OMX Helsinki.