Innofactor Oyj - Company Announcement

Enabling Holding Aps deal has been closed - Innofactor will pay the first part with new company shares

Innofactor Plc Stock Exchange Release December 31, 2013, at 16:05 Finnish time

On December 13, 2013, Innofactor Plc signed a contract to purchase the entire
share capital of Enabling Holding ApS and its subsidiaries Enabling ApS and
Enabling Sweden AB (together Enabling Group) from the company management. In
accordance with the contract published on December 13, 2013, the purchase price
will depend on Enabling Group's realized EBITDA in 2014. The minimum purchase
price is approximately EUR 1.6 million and the maximum purchase price is
approximately EUR 4.0 million. The purchase price will be paid mainly in
Innofactor Plc shares and a minority in cash. 

The final Closing of the deal took place today.

The Innofactor Board of Directors has decided, in accordance with the
Authorization received in the September 17, 2013 Extraordinary General Meeting,
on a directed share issue related to the final closing of the deal which will
be used to pay for the first part of the purchase price with new company
shares. In addition, approximately EUR 0.04 million of the first part of the
purchase price will be paid in cash. Innofactor will issue 1.244.684 new
shares. The number of Innofactor Plc shares will be 32.153.737 in total when
the 1.244.685 shares issued by the company have been registered in the Trade
Register. The new shares correspond to 3.87% of the share number after the
share issue. The new shares will be registered in the Trade Register
approximately at the beginning of January 2014. The trading of the new shares
is estimated to begin in the Helsinki Stock Exchange (NASDAQ OMX Helsinki) in
January 2014. 

The share price of the Innofactor shares used for paying for the first part of
the purchase price was EUR 1.26, which was the closing price of December 30,
2013. 

The rest of the purchase price is intended to be paid with Innofactor Plc's
shares during the first half of 2015. All Innofactor shares used as payment in
this transaction are subject to transfer restrictions which are gradually
released during 2014 to 2017. 

Espoo, December 31, 2013

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 software providers focused on Microsoft
solutions in the Nordic countries. Innofactor delivers to its customers IT
projects as a system integrator and develops its own software products and
services. The focus area in its own product development is Microsoft Azure
based cloud solutions. Innofactor's customers include over 1,000 companies and
government organizations in Finland, Denmark, Sweden and elsewhere in Europe.
In its operation, Innofactor strives for long-term customer relationships.
Innofactor has over 400 motivated and skilled employees in several locations in
Finland, Denmark, Sweden and Russia. The five year growth of Innofactor's net
sales in 2008 to 2012 has been about 35 percent annually. Innofactor is the
fastest growing technology company in the Finnish stock exchange. The
Innofactor Plc share is listed in the technology section of the main list of
NASDAQ OMX Helsinki Oy.