Neo Industrial Oyj - Company Announcement

FINNDOMO APPLIES FOR CORPORATE RESTRUCTURING

NEO INDUSTRIAL PLC     STOCK EXCHANGE RELEASE             February 15, 2012 at
2.50 pm 

FINNDOMO APPLIES FOR CORPORATE RESTRUCTURING

Finndomo Ltd, part of Neo Industrial's Single Family Housing Segment, has today
submitted an application for corporate restructuring at the District Court of
North Savonia. The cause for this procedure is the extremely critical liquidity
position of Finndomo. 

The financing arrangement, which would have secured the short-term liquidity
and the continuance of the normal business, was miscarried during the final
negotiations. At this stage the Board of Finndomo decided to apply for
corporate restructuring to secure the company's operation. 

The objective of this process is to secure the continuity of manufacturing the
prefabricated single family houses in Finland. Finndomo has an order-book for
250 houses and 200 employees. 



Neo Industrial Plc



Markku E. Rentto
Managing Director

For further information, please contact:
Markku E. Rentto, Managing Director, tel. +358 207 209 191
Tapio Pitkänen, Managing Director, Finndomo Ltd, tels +358 40 000 14.


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).