ASPOCOMP OY’S ESPOO PRINTED WIRING BOARD FACTORY WILL BE CLOSED

ASPOCOMP GROUP Oyj STOCK EXCHANGE RELEASE July 12,2001 at 12:40 p.m.

ASPOCOMP OY’S ESPOO PRINTED WIRING BOARD FACTORY WILL BE CLOSED
The Board of Directors of Aspocomp Group Oyj, the parent company of

Aspocomp Group, has today decided to close down the Aspocomp Oy PWB

factory in Espoo, based on both productional and economical reasons.

The personnel negotiations with all personnel groups started on May

23 and ended today. As a consequence of the decision the whole

personnel of the Espoo factory, total of about 130 persons, will be

given notice.
Among the reasons for the closing of the Espoo factory are the

continuous unprofitability of the factory, the price pressure in the

standard technology PWB market and the global overcapacity situation.
At the moment the total cost of the closing of the Espoo factory is

estimated to be about five million euros. The Espoo plant’s share of

the Group net sales in 2000 was 5 % and its share of the Group

personnel 7 %.
For more information, please contact CEO Jarmo Niemi

at +358 9 759 70711.
ASPOCOMP GROUP Oyj
Jarmo Niemi

President and CEO
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