Innofactor Plc — Board/Management Information 2012

Mar 2, 2012

Mikko Karvinen appointed as Innofactor’s CFO

Mikko Karvinen appointed as Innofactor’s CFO

Innofactor Plc Stock Exchange Release March 2, 2012 at 5:30 PM Finnish time

Mr. Mikko Karvinen (35), M.Sc. in Economics, has been appointed as a new Chief
Financial Officer (CFO) at Innofactor Plc. He will be a member of Innofactor
Executive Board and report to Mr. Sami Ensio, President and CEO of Innofactor
Plc.

Innofactor's long-time CFO, Ms. Anneli Saarikoski, will act as CFO until July
31, 2012 and then move on for other tasks at Innofactor Plc for her own
request.

Mikko Karvinen will join Innofactor from Tectia Plc, where he was acting as CFO
since 2009. Mikko Karvinen will start at Innofactor in August 1, 2012. Karvinen
is given an opportunity to participate the share-based incentive plan for all
Innofactor Group's personnel.

“I would like to express my warmest thanks to Anneli Saarikoski for her
valuable input as CFO, and I am happy to continue working with her. At the same
time I would like to welcome Mikko Karvinen to Innofactor. I believe that Mikko
with his knowledge and experience will be a valuable asset to support
Innofactor's growth and internationalization”, says Sami Ensio.

INNOFACTOR PLC

Board of Directors

Additional information:

Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029
sami.ensio@innofactor.com

Distribution:

NASDAQ OMX Helsinki
Main media
www.innofactor.com