SUBSCRIPTION OF SHARES IN EVOX RIFA GROUP OYJ BY VIRTUE OF THE CONVERTIBLE CAPITAL LOAN

The Board of Directors of Evox Rifa Group Oyj ("Evox") resolved on 5
June 2007, in accordance with the terms and conditions of the
Convertible Capital Loan issued by the Company on 28 February 2005,
to change the conversion period for the loan notes issued under the
Convertible Capital Loan so as to expire on 30 June 2007.

By the expiry of the conversion period loan note holders, who in the
aggregate hold 2,019 loan notes with a nominal value of EUR 100 each,
have notified Evox of their decision to convert the loan notes into
shares in accordance with the terms and conditions of the Convertible
Capital Loan. Pursuant to the conversion notices the Board of
Directors of Evox has on 5 July 2007 resolved to approve the
subscription of 1,514,250 new shares by virtue of the loan notes at a
conversion rate of EUR 0.1333 (not an exact value) per share. As a
result of the share subscriptions the share capital of Evox will be
increased by EUR 75,712.50. After the increase the share capital of
Evox amounts to EUR 8,384,113.40 and the total amount of issued
shares is 179,670,268 shares.

The increase in the share capital is expected to be entered into the
Trade Register on or about 17 July 2007 and the new shares are
expected to be admitted to public trading together with the Company's
existing shares on or about 18 July 2007.

In Espoo this 6th day of July 2007


Evox Rifa Group Oyj

Kirk D. Shockley
Managing Director

For further information, please contact:
Evox Rifa Group Oyj, Mr. Juhani Pöhö, CFO, tel. (09) 5406 5011.


DISTRIBUTION

Helsinki Stock Exchange
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