Ixonos - Company Announcement

IXONOS PLC HAS RECEIVED A DECLARATION OF THE SELLER'S CLAIM TO COMMENCE THE ARBITRATION PROCEEDINGS CONCERNING THE PAYMENT OF THE ADDITIONAL ACQUISITION PRICE FOR CIDERCONE LIFE-CYCLE SOLUTIONS OY

Ixonos Plc	Stock Exchange Announcement 13 May 2009                             

IXONOS PLC HAS RECEIVED A DECLARATION OF THE SELLER'S CLAIM TO COMMENCE THE
ARBITRATION PROCEEDINGS CONCERNING THE PAYMENT OF THE ADDITIONAL ACQUISITION
PRICE FOR CIDERCONE LIFE-CYCLE SOLUTIONS OY (IXONOS OUTSOURCING SERVICES LTD) 
Ixonos Plc has received on 13 May a declaration of the seller's claim to
commence the arbitration proceedings concerning the payment of the additional
acquisition price for Cidercone Life-Cycle Solutions Oy. Ixonos Plc paid on 19
April 2009 EUR 7.8 million as the additional acquisition price in accordance
with the 4 September 2007 share purchase agreement for Cidercone Life-Cycle
Solutions Oy. The amount of the additional acquisition price is based on Ixonos
Plc's view of the correct additional acquisition price. In the claim that the
sellers have delivered to the court of arbitration, the sellers demand that the
additional acquisition price is raised with EUR 8.0 million. 
IXONOS PLC                                                                      
KARI HAPPONEN                                                                   
President and CEO                                                               

For more information, please contact: Ixonos Plc Kari Happonen, CEO, phone +358 
424 2231, mobile +358 400 700 761, kari.happonen@ixonos.com                     

Distribution:                                                                   
NASDAQ OMX Helsinki                                                             
Main media

Attachments:

ixonos_iue_en_13.5.2009x.pdf