Aspo Oyj — Board/Management Information 2018

Mar 29, 2018

Ralf Holmlund appointed as a member of the Telko Board of Directors

Ralf Holmlund appointed as a member of the Telko Board of Directors

ASPO PLC   STOCK EXCHANGE RELEASE      March 29, 2018 at 15:00

RALF HOLMLUND APPOINTED AS A MEMBER OF THE TELKO BOARD OF DIRECTORS

Starting from April 1, 2018, Ralf Holmlund, 63, M. Sc. (Econ.), has been
appointed to the Board of Directors of Telko Ltd, part of Aspo Group. Ralf
Holmlund's previous experience includes international management positions at
ExxonMobile and the position of Managing Director at Suomen Lähikauppa Oy.

"I am delighted that Ralf Holmlund will start as a member of the Telko Ltd Board
of Directors. His experience in demanding management positions in the
distribution business and in retail is an excellent addition to the Telko Board
of Directors. The development of businesses belonging to the conglomerate, Aspo,
is performed by the Boards of Directors of the business operations. Aspo's aim
is to manage and develop these operations so that, if necessary, they will have
the capability to operate as entities separate from Aspo," says Aki Ojanen, CEO
at Aspo Group.

Telko has been growing at a fast pace, and it set a new record net sales in
2017, EUR 262 million. In addition, Telko achieved a new level of profitability
with an operating profit of EUR 10.8 million. The growth of the net sales and
profitability has been facilitated by multiannual expansion in Russia, Ukraine
and other CIS countries. This market area is Telko's largest market area. In
addition, the successful development of profitability has been stimulated by
improved profitability in the Western market and a significantly expanded
portfolio of clients in Finland, Scandinavia and Poland, among others.

Anders Dahlblom, Vice President and Managing Director at Paroc Group Oy and
Elina Piispanen, Chief Transformation Officer, Sanoma Media Finland will
continue as members of the Telko Ltd Board of Directors, and Aki Ojanen, CEO,
Aspo Plc, will continue as the Chairman of the Board.

Irmeli Rytkönen has announced that she will resign from the Telko Board of
Directors.

ASPO PLC

Aki Ojanen
CEO

Further information:
Aki Ojanen, CEO, Aspo Plc and Chairman of the Board, Telko Ltd,
tel. +358 9 521 4010, +358 400 106 592, aki.ojanen(a)aspo.com

Distribution:
Nasdaq Helsinki
Key media outlets
www.aspo.fi

[]