ASPOCOMP GROUP RESPONSES TO THE NEWS OF TODAY

ASPOCOMP GROUP Oyj   STOCK EXCHANGE RELEASE  July 5, 2001 klo 17.05

ASPOCOMP GROUP RESPONSES TO THE NEWS OF TODAY
News about Aspocomp Group’s plans to close down four of its five PWB

factories in Finland are not true.

Aspocomp Group Oyj has published on May 23, 2001 that it has started

negotiations with the personnel regarding the possible closing of the

Aspocomp Oy PWB factory in Espoo. The negotiations will end earliest

by July 11, 2001. Aspocomp Group has production plants in Espoo,

Salo, Klaukkala, Teuva, Padasjoki and Oulu in Finland and in Evreux

in France.

Aspocomp Group Oyj has on March 1, 2001 signed an agreement

increasing its ownership in the Thai printed wiring board (PWB)

company P.C.B. Center (Thailand) Co., Ltd. to a majority of 51%.

On January 5, the Group acquired a 51% interest in ACP Electronics

Co., Ltd. a PWB producer operating out of Suzhou, China. Aspocomp’s

share of the investments in this Chinese joint venture, whose

holdings it acquired at the beginning of 2001, will total

approximately 35 million euros, and its joint venture partner, Chin-

Poon Industrial Co., Ltd., will invest 21 million euros, in addition

to the 12 million euros it has already put in to the operation. The

share capital of the Chinese company is USD 64.4 million. The aim of

the program is to build up a PWB plant for telecommunication

customers employing HDI technology.
For more information, please contact Group Controller Hannu Hiillos,

+358 40 523 5383
ASPOCOMP GROUP Oyj
Hannu Hiillos

Group Controller
DISTRIBUTION:

Helsinki Exchanges

Press and Media