CORRECTION TO A FORMULA CONCERNING THE MEADVILLE AGREEMENT ON 8 NOVEMBER

Aspocomp Group Oyj   Company Announcement  November 15, 2007 at 7:55 am 

 

As announced in 8 November regarding the transaction agreement with Meadville Holdings Limited, Aspocomp and Meadville may exercise mutual put and call option rights concerning Aspocomp’s 20 percent shareholding in the joint venture in 2013 at the earliest. A correction has been made to the previously announced pricing principles. Instead of 5.5 times EBITDA, one of the options to value Aspocomp’s holding is 5.5 times EBITDA less net debt. As previously announced, the other options are the net asset value of the joint venture or the agreed minimum price. Pricing will be based on the highest of these figures.

 

For further information, please contact Pertti Vuorinen, CFO,

tel. +358 9 7597 0715.

 

ASPOCOMP GROUP OYJ

 

 

 

Isto Hantila

President and CEO

 

 

Distribution:

The Nordic Exchange

Major media

www.aspocomp.com