Aspo announces the result of the voluntary cash tender offer of its hybrid bond issued in 2013 - Seite 2

DISTRIBUTION RESTRICTIONS

The distribution of this release and the invitation to tender the outstanding capital securities is prohibited by law in certain countries. The tender offer is not made to the public either inside or outside of Finland. Persons resident outside of Finland may receive this release, the tender offer memorandum and any other information and materials relating to the tender offer only in compliance with applicable exemptions or restrictions. Persons into whose possession this release, the tender offer memorandum or any other such information or materials may come are required to inform themselves about and comply with such restrictions. This release, the tender offer memorandum or any other such information or materials may not be distributed or published in any country or jurisdiction if such distribution or publication would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction other than Finland, including the United States, Australia, Canada, Hong Kong, South Africa, Singapore and Japan. The information contained in this release shall not constitute an offer to sell or tender, or a solicitation of an offer to buy or sell, the capital securities to any persons in any jurisdiction in which such offer, solicitation or sale or tender would be unlawful. None of Aspo or the tender agent or any of their respective affiliates and representatives assumes any legal responsibility for such violations, regardless of whether or not the parties contemplating investing in or divesting any capital securities are aware of these restrictions.

United States: The tender offer is not being made, and will not be made, directly or indirectly in or into, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of or of any facilities of a national securities exchange of, the United States or to any U.S. Person (as defined in Regulation S of the US Securities Act of 1933, as amended (the "U.S. Securities Act") (each a "U.S. Person")). This includes, but is not limited to, facsimile transmission, electronic mail, telex, telephone, the internet and other forms of electronic communication. The capital securities may not be tendered in the tender offer by any such use, means, instrumentality or facility from or within the United States or by persons located or resident in the United States or by, or by any person acting for the account or benefit of, a U.S. Person. Accordingly, copies of this release, the tender offer memorandum and any other documents or materials relating to the tender offer are not being, and must not be, directly or indirectly mailed or otherwise transmitted, distributed or forwarded (including, without limitation, by custodians, nominees or trustees) in or into the United States or to any persons located or resident in the United States or to any U.S. Person. Any purported tender of capital securities in the tender offer resulting directly or indirectly from a violation of these restrictions will be invalid and any purported tender of the capital securities made by a person located in the United States or any agent, fiduciary or other intermediary acting on a non-discretionary basis for a principal giving instructions from within the United States will be invalid and will not be accepted.