Innofactor Oyj - Decisions of general meeting

Decisions of the Innofactor Plc's Annual General Meeting

Innofactor Plc Stock Exchange Release March 20, 2014, at 10:45 Finnish time

The Annual General Meeting of Innofactor Plc on March 20, 2014, has made the
following decisions: 

Adopting the accounts and the group's financial statement and granting the
members of the Board of Directors and the Chief Executive Officer discharge
from liability 

The Annual General Meeting of Innofactor Plc held on March 20, 2014, resolved
to adopt the accounts and the group's financial statement for the financial
period that ended on December 31, 2013, and granted the members of the Board of
Directors and the Chief Executive Officer discharge from liability for the
financial period that ended on December 31, 2013. 

Deciding on the use of the profit shown on the balance sheet and the payment of
dividend 

The General Meeting decided, in accordance with the proposal of the Board of
Directors, that no dividend will be paid for the financial period January 1 to
December 31, 2013. 

Board of Directors' fees and member selection

The General Meeting decided that the Chairman of the Board of Directors shall
be paid a fee totaling EUR 36,000 per year and the other members of the Board
of Directors shall be paid a fee totaling EUR 24,000 per year. No separate fees
for meetings shall be paid. Half of the fee (50%) shall be paid monthly in cash
and the other half (50%) as shares of Innofactor Plc. The shares shall be
handed over to the members of the Board of Directors and, if necessary, shall
be acquired from public trading directly on behalf of the members within two
weeks of publishing the interim report of Innofactor Plc for January 1 to March
31, 2014. Innofactor Plc requires the members of the Board of Directors to keep
the shares, which they have received as part of the fees, for the duration of
their membership in the Board of Directors. 

The General Meeting decided that the number of Board members is six. It was
decided that the following current members of the Board of Directors—Mr. Sami
Ensio, Mr. Jukka Mäkinen, Mr. Pyry Lautsuo and Mr. Ilari Nurmi—be re-elected,
and that Ms. Tiia Tuovinen and Dr. J.T. Bergqvist be elected as new members. 

Election and fee of the auditor

Ernst & Young Oy, an auditing firm authorized by the Central Chamber of
Commerce, was elected as the auditor for the company. Ernst & Young Oy has
stated that it will appoint Mr. Juha Hilmola, Authorized Public Accountant, as
the auditor with principal responsibility. It was decided that the auditing fee
shall be paid according to a reasonable invoice. 

Other

39.01 percent of the Company's share capital and votes were present in the
General Meeting. The decisions of the meeting were made unanimously according
to the proposals of the Board of Directors. 

The minutes of the Annual General Meeting will be available on Innofactor Plc's
web site at www.innofactor.com/investors as of April 3, 2014. 

Espoo, March 20, 2014

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 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 Windows Azure based cloud solutions. Innofactor's customers include
over 1,000 private and public sector organizations in Finland, Denmark, Sweden
and elsewhere in Europe. The company has over 400 motivated and skilled
employees in a number of locations in Finland, Denmark, Sweden and Russia. From
2009 to 2013, Innofactor's annual net sales growth has been 43 percent on
average. Leading Finnish business publication Kauppalehti selected Innofactor
as the most successful company on the Finnish stock exchange in 2013. The
Innofactor Plc share is listed in the technology section of the main list of
NASDAQ OMX Helsinki Oy.