FINANCING OF ASPOCOMP’S GROWTH IN INDIA AND CHINA

ASPOCOMP GROUP OYJ   STOCK EXCHANGE RELEASE  February 15, 2007 at 7:55 AM

FINANCING OF ASPOCOMP’S GROWTH IN INDIA AND CHINA
Based on the authorization of the Extraordinary General Meeting of January 19,

2007, and in order to finance part of its proposed investments in India and

China, Aspocomp Group Oyj considers launching a rights issue in the near future,

ranging from EUR 20 to 30 million. The issue would be based on the shareholders’

pre-emptive subscription right. Aspocomp has appointed Evli Bank Plc, Corporate

Finance as its financial advisor for the rights issue. To further finance the

investments, the Aspocomp Group is currently in negotiations to raise long-term

debt. The duration of the negotiations cannot currently be estimated and there

can be no assurance that they will result in an agreement. Aspocomp is also

considering further strengthening its equity later this year.
Aspocomp is aggressively pursuing its growth strategy by increasingly focusing on

technologically more demanding HDI printed circuit boards (PCBs). The primary

means to growth are further investments in Asia, the fastest growing HDI PCB

market.
Consequently, Aspocomp is currently negotiating with Chin-Poon Industrial Co.,

Ltd. in order to acquire 100 percent ownership in the companies’ joint venture

ACP Electronics Ltd. in Suzhou, China. This would enable Aspocomp to fully

benefit from ACP Electronics’s profitability and cash flow and to increase the

Group’s HDI PCB production capacity in China. The management of Aspocomp is

currently not in a position to estimate the duration of the negotiations and they

may not necessarily result in an agreement. Aspocomp has issued a stock exchange

release on November, 17, 2006, regarding the negotiations.
As another part of the company’s investment program, Aspocomp continues building

the new HDI PCB plant in Chennai, India. The plant, with its 22,400 m2 production

area, would be India’s first HDI PCB production facility. According to current

estimates, the Chennai plant will start trial production towards the end of 2007

and full production in 2008.
Provided that Aspocomp moves forward with the investment projects, i.e. the

minority acquisition and product capacity expansion related to the Chinese

subsidiary as well as the India plant project, the total investment needed

between 2006 and 2008 is currently estimated at about EUR 170 million. If

Aspocomp succeeds in financing the projects in China and India, the positive

effect on the company’s net sales is expected to become visible starting 2008.

The investments required for the expansion are estimated to result in a

significant increase in the company’s indebtness and markedly higher financing

costs.
For further information, please contact Maija-Liisa Friman, CEO,

tel. +358 9 7597 0711.
ASPOCOMP GROUP OYJ
Maija-Liisa Friman

President and CEO
Aspocomp: Innovative interconnection solutions for the electronics industry
The Aspocomp Group offers and develops innovative interconnection solutions for

the electronics industry in close cooperation with its customers. We are strongly

positioned as a supplier of mobile data terminal equipment components and aim to

further bolster our position as a supplier to the automotive industry and data

communications networks. We offer our global customers a fast road to mass

production through flexible and cost-effective adaptation of new technologies.
The Aspocomp Group’s production facilities are located close to its customers in

Finland, China, and Thailand. In 2005, the Group’s net sales stood at EUR 154

million and it had about 3,400 employees.
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