Aspo Oyj

Invitation to the Extraordinary Shareholders' Meeting

ASPO PLC STOCK EXCHANGE RELEASE 20 November 2014 at 01.35

INVITATION TO THE EXTRAORDINARY SHAREHOLDERS' MEETING                

The shareholders of Aspo Plc are invited to attend the Extraordinary Shareholders' Meeting to be held on Thursday, 11 December 2014, at 10.00 a.m. at the Stock Exchange Building at Fabianinkatu 14, FI-00100 Helsinki, Finland. Reception of registered participants will start at the venue of the meeting at 9.00 a.m.

Matters on the agenda of the Shareholders' Meeting

1. Opening of the meeting
    
2. Calling the meeting to order
    
3. Election of persons to confirm the minutes and to supervise the counting of votes
    
4. Recording the legality of the meeting
    
5. Recording the attendance at the meeting and adopting the list of votes
    
6. Authorisation of the Board of Directors to pay an extra dividend

Background

Aspo Plc's aim is the initial public offering of Leipurin Plc (Leipurin) including the share issue of Leipurin and the sale of Leipurin's shares (together, the offering). In connection with the offering, Aspo Plc intends to distribute Leipurin's shares as dividends to Aspo Plc's shareholders. Aspo Plc will remain a minority shareholder of Leipurin.

The Board of Directors proposes the following authorisation regarding the payment of an extra dividend.

Authorisation

According to the audited financial statements of 31 December 2013, the company's distributable funds are EUR 37.673 million of which the result for the financial period of 2013 is EUR 14.152 million, retained earnings EUR 7.041 million, and the reserve for invested unrestricted equity EUR 16.480 million.

The Annual Shareholders' Meeting of the company decided on 3 April 2014 to pay a dividend of EUR 0.21 per share. The company's distributable funds reduced by the payment of dividend were EUR 31.203 million.

The Board of Directors proposes authorising it to pay, at its discretion, a maximum dividend of EUR 0.25 per share to the shareholders in Leipurin's shares held by Aspo, in cash or a combination of these two, in one or more instalments (later also collectively, the "Extra Dividend"). However, dividend is not paid on own shares held by the company or its subsidiary.

Within the above limits, the Board of Directors is authorised to decide on the payment of the Extra Dividend to the same extent and within the same limits as the Shareholders' Meeting, and to decide on the detailed terms and conditions and procedures related to the Extra Dividend. The authorisation described above shall be valid until 31 January 2015.