SUBSCRIPTION IN BENEFON OYJ'S DIRECTED ISSUE ACCEPTED

BENEFON OYJ      BULLETIN January 22, 2007 at 13.00


SUBSCRIPTION IN BENEFON OYJ'S DIRECTED ISSUE ACCEPTED

Benefon Oyj's Board of Directors decided on January 12, 2007 to offer  at  maximum
1,666,667 new investment series shares and convertible bond  loan  of  EUR  50,000
for subscription by Ashland Partners LP.  The  total  subscription  price  of  the
shares and convertible bond loan is  EUR  400,000.  All  the  offered  shares  and
convertible bond loan has now been subscribed for and paid in full. Therefore  the
Board  of  Directors  has  closed  the  offering  and  decided   to   accept   the
subscriptions.

As a result of share subscriptions company's share capital  is  increased  by  EUR
16,666.67. The remainder of EUR 333,333.33 of the share  subscriptions  is  booked
to invested unrestricted equity fund.  The  convertible  bond  loan  entitles  its
holders to subscribe for a maximum of 555,556  new  investment  series  shares  by
December 31, 2012.

It is estimated that the new shares subscribed for in  the  directed  share  issue
would be registered in the trade register by February 1, 2007 at  the  latest  and
applied for listing in OMX together  with  company's  existing  investment  series
shares by February 8, 2007 at the latest.


22nd January, 2007

BENEFON OYJ

Tomi Raita
CEO


For more information, please contact:
Tomi Raita, CEO, tel. +358-2-77400
www.benefon.com

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