Enedo Oyj has signed EUR 5.0 million loan arrangement. The loan will be used partly to pay back the EUR 2.0 million Bridge Loan raised from Inission Ab and partly to finance the Turnaround Plan which the Company has released earlier this year. The loan arrangement is also subject to the Financial Supervisory Authority granting Inission Ab a permanent exemption from the mandatory tender offer obligation pursuant to Chapter 11, Section 26 of the Securities Markets Act even if Inission Ab’s ownership would increase from the current 49,6% up to 72.1% as a result of Inission Ab converting its recourse receivables based on the above guarantee to new shares in the Company.