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Inion appoints Paul Garvey as Non-executive Director

Also with effect from 21st April, Mr Staffan Lindstrand resigns from his position as a Non-executive Director. Mr Lindstrand has served on the Inion board since March 2003.

Mr Garvey (age 52) is currently the group Finance Director of diagnostics company Axis-Shield plc (LSE: ASD), which he joined in 2000. He has previously served as Managing Director and Finance Director in a number of businesses in the UK and Ireland since 1983.

Dr Auvo Kaikkonen, CEO of Inion, said, 'I am delighted to welcome Paul to our Board of Directors. His excellent track record and skills will strengthen the Board and complement the skills already present. We are looking forward eagerly to the valuable contribution that he will make to our growing business. On behalf of Inion, I would also like to express my thanks to Staffan for all he has contributed to the company over the past two years.'

Inion can advise that there are no further details relating to the appointment of Paul Garvey, which it is obliged to disclose under paragraph 6.F.2. (b-g) of the Listing Rules of the UK Listing Authority.

Publisher Contact Information:

+358 3 230 6600

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