Aspo announces the result of the voluntary cash tender offer of its hybrid bond issued in 2013

ASPO Plc   STOCK EXCHANGE RELEASE      May 26, 2016 at 15:00     
 
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ASPO ANNOUNCES THE RESULTS OF THE VOLUNTARY CASH TENDER OFFER OF ITS HYBRID BOND ISSUED IN 2013

Aspo Plc ("Aspo" or the "Company") announces the results of the tender offer for its EUR 20 million hybrid bond (ISIN Code: FI4000072871) issued in November 2013 (the "2013 hybrid bond"). A total nominal value of EUR 15.42 million of the 2013 hybrid bond was validly tendered in the tender offer and accepted for purchase by Aspo (the Final Acceptance Amount), and Aspo expects to complete the tender offer as set out below.

The purchase price of the tender offer is EUR 20,400 per each EUR 20,000 nominal amount of the 2013 hybrid bond plus accrued interest. The settlement date is May 27, 2016, in which case accrued interest amounts to EUR 730.60 (Accrued Interest) per each EUR 20,000 nominal amount of the 2013 hybrid bond. The tender consideration will be paid by Aspo in cash. The hybrid bond securities purchased by Aspo will be cancelled and will not be reissued or resold.

Aspo successfully placed EUR 25 million new hybrid bond on May 17, 2016 (the "new hybrid bond"). The new hybrid bond will be issued and the notes will be registered on the book-entry accounts of the holders of the new hybrid bond on May 27, 2016.

Aspo has appointed Danske Bank Oyj as tender agent and dealer manager in connection with the tender offer. Aspo had appointed Danske Bank Oyj as the sole lead manager in connection with the issue of the new hybrid bond.

ASPO Plc

Aki Ojanen
CEO

Further information:
Harri Seppälä, Aspo Plc, Group Treasurer, [phone], [phone], harri.seppala (a) aspo.com

Distribution:
Nasdaq Helsinki
Key Media
www.aspo.com

Aspo is a conglomerate that owns and develops business operations in Northern Europe and growth markets focusing on demanding B-to-B customers. Our strong company brands - ESL Shipping, Leipurin, Telko and Kauko - aim 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 continually developed without any predefined schedules.