Vantaa Energy, a leading Finnish energy company, chooses IFS Applications 8

IFS, the global enterprise applications company, announces that Vantaa Energy
Ltd., one of Finland’s largest urban energy companies, has chosen IFS
Applications™ 8 to streamline its business processes. The contract includes
licenses and services worth approximately € 1.6 million.
In September 2011, Vantaa Energy started to look for a new business solution to
streamline and consolidate its business processes in one enterprise applications
suite. The company’s existing best-of-breed solutions were not able to fully
support key processes such as project management. After an extensive public
procurement process, Vantaa Energy selected IFS Applications over competing
solutions from SAP and Microsoft Dynamics.

“We chose IFS Applications because it best met our need for comprehensive
business support in one packaged solution,” Vantaa Energy Chief Financial
Officer Maija Siikilä said. “IFS’s proven track record in the energy industry
combined with the expertise of its consultants were also deciding factors in our
choice. By implementing IFS Applications as our central business solution, we
are well-equipped to achieve our business goals.”

“We are very pleased to get the opportunity to work with Vantaa Energy,” IFS
Finland Managing Director Tapani Pohjonen said. “IFS has been delivering best
-practice solutions to the energy and utilities industry since 1983 and we are
convinced that Vantaa Energy will be able to benefit greatly from our
experience. We look forward to a long and productive collaboration.”

The IFS solution purchased by Vantaa Energy includes support for financials,
logistics, project management, facility management, and maintenance. The first
phase of the implementation project is expected to be complete in September
2013.

Energy and Utilities is one of IFS’s prioritized market segments. Since it was
founded, IFS has developed and delivered best-practice-based, industry-specific
solutions for the sector, covering enterprise asset management, capital project
management, and asset lifecycle management. IFS solutions support all critical
business enterprise processes with an integrated applications suite for capital
project management, supply chain management, assets and work management, service
and contracts management, sustainability, financial management, human resource
management, document management, etc. Cost-effective and scalable, IFS
Applications™ is used in large-scale, enterprise deployments and as best-of
-breed functionality.

World-class utilities functionality, an agile application architecture, and a
dedicated team of experienced professionals have made IFS the choice of leading
utilities such as Three Gorges, National Hydroelectric Power Corporation,
Brookfield Renewable Power, Mälarenergi, Horizon Utilities, Torresol, Barking
Power, PKE, France Telecom, B Sky B, TenneT, and nuclear power stations in
Sweden (E.On OKG, Vattenfall Forsmark, Ringhals), South Africa (PBMR), and China
(Sanmen, Shandong and Qinshan).
Contact Information
Anne Vandbakk
Telefon: 46 8 58 78 45 00
Corporate Communications Director
anne.vandbakk@ifsworld.com

Frédéric Guigues
Telefon: 46 8 58 78 45 00
Investor Relations
frederic.guigues@ifsworld.com
About Vantaa Energy Ltd
Vantaa Energy Ltd is one of Finland’s largest urban energy companies. The
company is owned by the City of Vantaa (60%) and the City of Helsinki (40%).
Vantaa Energy produces and sells electricity and district heating. In addition,
it offers natural gas for the requirements of industry. The company is
responsible for the construction and maintenance of district heating networks in
Vantaa. A significant part of the electricity is generated efficiently at the
Martinlaakso combined heat and power plant, which uses natural gas and coal as
its main fuels.

More information is available at www.vantaanenergia.fi

About IFS
IFS is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and
implements IFS Applications™, a component-based extended ERP suite built on SOA
technology. IFS focuses on industries where any of four core processes are
strategic: Service & asset management, manufacturing, supply chain and projects.
The company has 2,000 customers and is present in approximately 60 countries
with 2,800 employees in total. Net revenue in 2011 was SKr 2.6 billion.

More information on IFS is available at www.IFSWORLD.com

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IFS discloses the information herein pursuant to the Financial Instruments Act
(1991:980) and/or the Securities Markets Act (2007:528). The information was
submitted for publication on January 16, 2013, at 2:45 p.m. CET.

IFS, Box 1545, SE-581 15 Linköping, Sweden – Phone: +46 13 460 40 00 – Fax: +46
13 460 40 01
Industrial and Financial Systems, IFS AB (publ) is a limited liability company
registered in Linköping, Sweden.
Corporate identity number: 556122-0996