Ixonos Plc Stock Exchange Release 24 May 2010 at 15:00 IXONOS CONTINUES TO RATIONALIZE ITS OPERATIONS IN FINLAND Despite moderate growth in the general demand for Ixonos Group's services, the domestic market situation remains tightly contested. The demand for customer project expertise in certain business areas has at least temporarily decreased. To remain competitive we have to adapt the company's capacity and cost level to match the anticipated turnover. We have experienced a declining demand for project management services over an extended period of time. Our role as a solution supplier among our customer base has transformed due to tightening competition in the market. In the meantime the domestic demand for testing and variant work has also decreased as our customers have shifted their project orders for example to the Asia region. Ixonos Plc commences co-operation negotiations applying to certain personnel groups. The objective of the negotiations is to find solutions to handle the decreasing demand for customer project work in some business areas. These negotiations will not result in any terminations of employment. However, the negotiations can lead to temporary lay-offs lasting no longer than 90 days and reductions of working hours. On the basis of current demand, the effects are estimated to apply to 30-40 persons. The rationalization of the operations seeks to achieve this year approximately EUR 0.5 million savings as from the third quarter of the current financial year. Any action regarding personnel will not affect the production of services for Ixonos' customers. IXONOS PLC Kari Happonen President and CEO For more information, please contact: Ixonos Plc, Kari Happonen, CEO, tel. +358 400 700 761, kari.happonen@ixonos.com Distribution: NASDAQ OMX Helsinki Main media