Innofactor Plc — Board/Management Information 2014

Nov 10, 2014

Changes in the Board of Directors of Innofactor Plc

Changes in the Board of Directors of Innofactor Plc

Innofactor Plc Stock Exchange Release November 10, 2014, at 8.00 Finnish time

The Chairman of the Board of Directors of Innofactor Plc, Pyry Lautsuo, has on
November 9, 2014 announced his resignation from the Board due to family
reasons. After the resignation of Lautsuo, there will be five members on the
Board of Directors.

The Board of Directors of Innofactor Plc has elected Sami Ensio, the CEO and
the largest owner of the company, as Chairman of the Board until the next
General Meeting. The resignation of the Chairman of the Board has caused a
special circumstance which has lead to an exemption from the recommendation 36
of the Finnish Corporate Governance Code for Listed Companies.

“We would like to thank Pyry Lautsuo for his contribution to Innofactor.
Lautsuo has served as Chairman of the Board since 2011. During his time on the
Board, Innofactor's revenue has grown from approximately ten million euros to
last year's over thirty million euros and the company has expanded from Finland
to Denmark.” states Sami Ensio.

Espoo, November 10, 2014

INNOFACTOR PLC

Board of Directors

Further information:

Sami Ensio, CEO, Innofactor Plc

Tel. +358 50 584 2029

sami.ensio@innofactor.com

Distribution:

NASDAQ OMX Helsinki
Main 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 about 400 motivated and skilled
employees in a number of locations in Finland, Denmark, and Sweden. 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.