Recent share price movement

Inion Oy (LSE: IIN) (“Inion” or the “Company”) notes the recent decline in the Company's share price and confirms that it is not aware of any reason for this decline.  The Company announced interim results for the 6 months to 30 June 2006 on 5 September, and remains confident of meeting the current market expectations, which were updated at the time of the interims.

Enquiries:

Inion Oy

Auvo Kaikkonen, Chief Executive Officer

Julien Cotta, Chief Financial Officer

Tel: + 44 1279 874 222