Innofactor Plc Stock Exchange Release March 2, 2012 at 5:30 PM Finnish time

Mikko Karvinen appointed as Innofactor’s CFO

Mr. Mikko Karvinen (35), M.Sc. in Economics, has been appointed as a new Chief Financial Officer (CFO) at Innofactor Plc. He will be a member of Innofactor Executive Board and report to Mr. Sami Ensio, President and CEO of Innofactor Plc.

Innofactor’s long-time CFO, Ms. Anneli Saarikoski, will act as CFO until July 31, 2012 and then move on for other tasks at Innofactor Plc for her own request.

Mikko Karvinen will join Innofactor from Tectia Plc, where he was acting as CFO since 2009. Mikko Karvinen will start at Innofactor in August 1, 2012. Karvinen is given an opportunity to participate the share-based incentive plan for all Innofactor Group’s personnel.

“I would like to express my warmest thanks to Anneli Saarikoski for her valuable input as CFO, and I am happy to continue working with her. At the same time I would like to welcome Mikko Karvinen to Innofactor. I believe that Mikko with his knowledge and experience will be a valuable asset to support Innofactor’s growth and internationalization”, says Sami Ensio.

INNOFACTOR PLC

Board of Directors

Additional information:

Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029

Distribution:

NASDAQ OMX Helsinki
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www.innofactor.com