28.02.2000

The Aspocomp Group Oyj board will propose an authorization to execute new share issues and/or convertible bond issues

The Aspocomp Group Oyj Board will propose an authorization to execute new share issues and/or convertible bond issues at the General Annual Meeting of the Shareholders.

The Board has decided to move at the General Annual Meeting of the Shareholders’ on Friday, March 17, 2000, that it be authorized to raise the company’s share capital with one or several share issues and/or convertible bond issues so, that in the related subscriptions of new shares a maximum increase in the share capital and voting rights totalling one fifth of the officially registered share capital and voting rights authorized by the shareholders could be executed. The authorization would allow the company to circumvent normal subscription right priorities related to private placements and/or convertible bonds, under the condition that there are good financial reasons for such circumvention, and to execute new share issues so that compensation for subscribed shares can be provided in the form of capital assets, or under certain conditions, by converting receivables and/or other liabilites into compensation. The authorization will remain in force for one year from the date of the Shareholders’ Meeting.

The Board may use the authorization to strengthen the company’s capital structure, to finance acquisitions or similar actions and arrangements.

For more information, please contact President and CEO Jarmo Niemi at +358 9 759 70711

ASPOCOMP GROUP Oyj

Jarmo Niemi
President and CEO

Distribution:
Helsinki Exchanges
Press and Media
www.aspocomp.com