Innofactor Plc Stock Exchange Release November 10, 2014, at 8.00 Finnish time The Chairman of the Board of Directors of Innofactor Plc, Pyry Lautsuo, has on November 9, 2014 announced his resignation from the Board due to family reasons. After the resignation of Lautsuo, there will be five members on the Board of Directors. The Board of Directors of Innofactor Plc has elected Sami Ensio, the CEO and the largest owner of the company, as Chairman of the Board until the next General Meeting. The resignation of the Chairman of the Board has caused a special circumstance which has lead to an exemption from the recommendation 36 of the Finnish Corporate Governance Code for Listed Companies. “We would like to thank Pyry Lautsuo for his contribution to Innofactor. Lautsuo has served as Chairman of the Board since 2011. During his time on the Board, Innofactor’s revenue has grown from approximately ten million euros to last year’s over thirty million euros and the company has expanded from Finland to Denmark.” states Sami Ensio. Espoo, November 10, 2014 INNOFACTOR PLC Board of Directors Further information: Sami Ensio, CEO, Innofactor Plc Tel. +358 50 584 2029 sami.ensio@innofactor.com Distribution: NASDAQ OMX Helsinki Main media www.innofactor.com Innofactor is one of the leading Nordic IT solution providers focused on Microsoft platforms. Innofactor delivers business critical solutions and maintenance services as a system integrator and develops its own software products and services. Innofactor’s own product development is focused on Microsoft’s Windows Azure based cloud solutions. Innofactor's customers include over 1,000 private and public sector organizations in Finland, Denmark, Sweden and elsewhere in Europe. The company has about 400 motivated and skilled employees in a number of locations in Finland, Denmark, and Sweden. From 2009 to 2013, Innofactor's annual net sales growth has been 43 percent on average. Leading Finnish business publication Kauppalehti selected Innofactor as the most successful company on the Finnish stock exchange in 2013. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ OMX Helsinki Oy.