ASPOCOMP SAS IN FRANCE IS STUDYING POSSIBLE ALTERNATIVES TO CONTINUE THE OPERATIONS

ASPOCOMP GROUP Oyj STOCK EXCHANGE RELEASE Feb 26, 2002 at 1:30 PM

ASPOCOMP SAS IN FRANCE IS STUDYING POSSIBLE ALTERNATIVES TO CONTINUE

THE OPERATIONS
Difficult market situation in the PWB (Printed Wiring Board) industry

has lead to very low loading in Aspocomp SAS in Evreux, France. Net

sales of Aspocomp SAS in 2001 were 41.4 million euros (71.0 million

euros in 2000) and its EBIT level loss was 23.9 million euros.

Radical improvement of the market situation cannot be seen and the

forecasted loading for 2002 is also low.
In January 2002 it was decided to give a notice to approximately 200

persons in the French company. The personnel reductions were started

immediately and the number of personnel after the reductions will be

about 350. Even after this downsizing the plant will generate losses

in the foreseeable future.
The Social Committee of Aspocomp SAS will have the first meeting on

February 28th and the second meeting on March 4th in order to discuss

possible alternatives to continue the operations.
For more information contact the President and CEO, Mr Jarmo Niemi by

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

President and CEO
Distribution:

Helsinki Exchanges

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www.aspocomp.com