NEOMARKKA IS INVESTING CLOSE TO EUR 20 MILLION IN CABLE PRODUCTION IN RUSSIA


Neomarkka Plc	STOCK EXCHANGE RELEASE 12.8.2008	at 12.30	 1(2)                   


NEOMARKKA IS INVESTING CLOSE TO EUR 20 MILLION IN CABLE PRODUCTION IN RUSSIA    


Neomarkka is investing in the cable factories in Russia through its             
subsidiaries. The acquisition of OAO Expocable enabled further development of   
the factory area in Podolsk. Podolsk is situated round 50 kilometres south of   
Moscow center, the main market of Russia. Neomarkka has decided on total        
investment of close to EUR 20 million to enlarge and develop its cable          
production in Russia. The amount includes machine and equipment purchases,      
enlargement of the production buildings, changes in the factory area and the    
acquisition of OAO Expocable.                                                   

“The investment turns the Reka Cables´s factory in Podolsk into full scale      
medium voltage production plant and we can better participate in the growth of  
medium and high voltage cable market growth in Russia”, says Neomarkka´s        
Managing Director Markku E. Rentto. “At the same time we renew the machines,    
equipments and processes of Expocable. The total investment decision opens the  
way to further increase the product range and volume, to make more effective    
processes and logistic solutions and to make good use of the synergies.”        

The purchases of the machines and equipments, enlargement of buildings and      
changes in the factory area will start immediately. Part of the changes in the  
factory area will be completed already during this year. The expansion will be  
finalised during fall 2009.                                                     

The investment supports the new strategy of Neomarkka to invest in industrial   
companies with similar synergic benefits and to develop those companies.        


Moskow 12.8.2008                                                                
Neomarkka Plc                                                                   


Markku E. Rentto                                                                
Managing Director                                                               

FURTHER INFORMATION:                                                            
Markku E. Rentto, Managing Director, tel. +358 207 209 191                      

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OMX Nordic Exchange Helsinki                                                    
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www.neomarkka.fi                                                                

Neomarkka Plc is an investment company that invests mainly in industrial        
companies with similar synergic benefits. The aim of investments is with active 
ownership to develop the purchased companies and establish additional value.    
Neomarkka owns Reka Cables, which manufactures installation and power cables,   
and OAO Expocable, which manufactures steering and instrumentation cables, and  
has 30% ownership of Nestor Cables Ltd, which produces communication cables.    
Neomarkka´s B shares are listed on the OMX Nordic Exchange Helsinki main market.