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    20.03.2012

    Additional information regarding the results and financial status of Aldata Solution Finland Oy

    Solteq Oyj Stock Exchange Release 20.3.2012 at 4.30PM

    Solteq has published a Stock Exchange Release on 20.3.2012 at 8.30AM regarding to the corporate acquisition, which announced that Solteq Plc will purchase the entire capital stock of Aldata Solution Finland Ltd for EUR 8.3 million from Aldata Solution Plc.  In this release additional information is given to the prior release regarding the results and financial status of Aldata Solution Finland Oy. Aldata Solution Finland has act as Aldata Group’s local Finnish subsidiary.

    Aldata Solution Finland Oy’s audited information from years 2010 and 2011 is in the table below.

     

    Income Statement audited audited
    1-12 /2011 1-12 /2010

    Revenue 13 344 11 308
    Other income 0 24
    Materials and services -4 558 -2 982
    Employee benefit expenses -5 016 -4 958
    Depreciation and asset write-downs -230 -222
    Other expenses -2 302 -2 436
    Operating result 1 239 733

    Financial income and expenses -25 -2

    Result before extraordinary items 1 214 731

    Extraordinary expenses/group contribution -1 270 -670

    Result before appropriations and taxes -56 60

    Income tax expense 0 8

    Result for the financial period -56 69
    Balance sheet audited audited
    1-12 /2011 1-12 /2010
    Assests

    Non-current assets
    Intagible assets 161 323
    Tangible assets 122 92
    Total non-current assets 283 415

    Current assets
    Stocks 110 110
    Short-term receivables 4 374 2 520
    Cash and cash equivalents 0 471

    Total current assets 4 484 3 101
    Total assets 4 767 3 516

    Balance sheet

    Equity and liabilities

    Equity
    Share capital 400 400
    Share premium reserve 375 375
    Distributable equity reserve 1 616 0
    Retained earnings/loss -2 078 -2 147
    Profit/loss of the financial year -56 69
    Total equity 257 -1 303

    Provisions: 0 9

    Liabilities
    Non-current liabilities
    Subordinated loan 0 1 585
    Current liabilities 4 510 3 226
    Total liabilities 4 510 4811

    Total equity and liabilities 4 767 3516

     

    About changes to Aldata Solution Finland's operations from 31.12.2011

    After the financial period 2011 of Aldata Solution Finland but prior to the corporate acquisition, the certain customer relationships and the immaterial rights changes have been transferred to other companies in the Aldata Group.  Estimated effects to these actions are EUR -1 million to turnover and EUR -0,5 million to profit (Ebit) regarding to the reported turnover in year 2011.

    SOLTEQ PLC

    Further information available from:

    CEO, Repe Harmanen
    Telephone +358 (0)400 467 717
    E-mail repe.harmanen@solteq.com

    CFO, Antti Kärkkäinen
    Telephone +358 (0)20 1444 393 or +358 (0) 40 8444 393
    E-mail antti.karkkainen@solteq.com

    Distribution:
    NASDAQ OMX Helsinki
    Key media

    2012