Aspo Group Interim Report January 1 to March 31, 2012

ASPO Plc - Stock Exchange Release, April 27, 2012

Tonnage tax increased earnings per share, operating profit decreased
(comparative figures are for January-March 2011)

January-March 2012

- Aspo Group's net sales grew, totaling EUR 108.8 million (EUR 106.7 million)
- Operating profit decreased to EUR 0.3 million (EUR 2.9 million)
- Profit before taxes amounted to EUR -0.6 million (EUR 1.5 million)
- Profit for the period was EUR 2.7 million (EUR 1.1 million)
- Earnings per share stood at EUR 0.09 (EUR 0.04)

The new tonnage tax act, which took effect on March 1, 2012 and is applied retroactively from the beginning of 2011, improved earnings per share by approximately EUR 0.10 per share in the reporting period.

The guidance issued on February 24, 2012, remains unchanged. Aspo aims for growth in net sales and operating profit, and will improve earnings per share

ASPO Plc press release