Innofactor Plc — Share Issue/Capital Change 2013

Sep 17, 2013

Innofactor pays the final part of the purchase price of Bridgeconsulting A/S with company's new shares

Innofactor pays the final part of the purchase price of Bridgeconsulting A/S with company's new shares

Innofactor Plc Stock Exchange Release September 17, 2013, at 11:20 Finnish time

In accordance with the agreement signed and published by the company on June
25, 2012, Innofactor Plc acquired the entire share capital of the Danish
company Bridgeconsulting A/S. The acquisition price depended on the target
company's realized EBITDA of the 12 months following the acquisition (July 1,
2012-June 30, 2013). The final purchase price is about EUR 2.5 million. About
EUR 1.26 million of the purchase price was paid in cash at the beginning of
July 2012.

In its meeting on September 17, 2013, the Board of Directors of Innofactor
decided on a directed issue, which will be used to pay the final part of the
purchase price using company's new shares. In the directed issue, the company
will issue 1,015,372 new shares. The total number of shares of Innofactor Plc
will be 35,590,551 after the issued 1,015,372 new shares have been registered
in the Trade Register. The new shares will be registered in the Trade Register
before end of September 2013. The trading of the new shares in the Helsinki
Stock Exchange (NASDAQ OMX Helsinki) is estimated to start on September-October
2013.

INNOFACTOR PLC

Board of Directors

Additional information:

Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029

Distribution:

NASDAQ OMX Helsinki
Main 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 and elsewhere in
Europe. In its operation, Innofactor strives for long-term customer
relationships. Innofactor has about 400 motivated and skilled employees in
several locations in Finland, Denmark and Russia. The five year growth of
Innofactor's net sales in 2008-2012 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.