Aspo Signs EUR 15 Million Loan Agreement

ASPO Plc STOCK EXCHANGE RELEASE May 25, 2011

Aspo Plc has signed a loan agreement amounting to EUR 15 million. The credit is being granted by Nordea Bank Finland Plc. The loan maturity is four years, and the agreement will replace loans for the same amount taken out from an insurance company in spring 2009. Through refunding the loans, Aspo Plc will decrease interest costs and lengthen the maturity of the loan portfolio. The loan has been taken to meet the Group's general financing needs.

Aspo is a conglomerate that owns and develops businesses in Northern Europe and growth markets focusing on demanding B-to-B customers. The aim of our strong corporate brands - ESL Shipping, Leipurin, Telko and Kaukomarkkinat - is to be the market leaders in their sectors. They are responsible for their own operations, customer relationships and the development of these. Together they generate Aspo's goodwill. Aspo's Group structure and business operations are developed persistently without any predefined schedules.

Source: ASPO Plc