Innofactor Plc — Share Issue/Capital Change 2011

Mar 22, 2011

Admitting the new shares of Innofactor Plc into public trading

Admitting the new shares of Innofactor Plc into public trading

Innofactor Plc Stock Exchange Release March 22, 2011, at 9:00 Finnish time

The new shares subscribed for on December 27, 2010, in the directed issue of
Innofactor Plc - a total of 409,665,891 shares - will be admitted into public
trading in Nasdaq OMX Helsinki Oy as of March 22, 2011, together with the total
of 175,571,096 old shares. As of March 22, 2011, a total of 585,236,987 shares
will be in public trading.

On December 27, 2010, the General Meeting directed a share issue - a total of
409,665,891 shares - with stipulation concerning subscription in kind to the
former shareholders of Innofactor Software Ltd (former Innofactor Ltd). The
subscription price was paid by handing over 100% of Innofactor Software Ltd
shares. The share issue was subscribed for and paid in full on December 27,
2010, and the new shares were registered in the Trade Register on December 31,
2010.The arrangement was related to the merger of Westend ICT Plc and
Innofactor Ltd in which Westend ICT Plc changed its name to Innofactor Plc.

INNOFACTOR PLC

Sami Ensio

CEO

Additional information:

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

Distribution:
NASDAQ OMX Helsinki
Main media
www.innofactor.com