THE BOARD OF ASPOCOMP: STOCK OPTIONS AS PART OF A MANAGEMENT INCENTIVE PLAN


ASPOCOMP GROUP PLC STOCK EXCHANGE ANNOUNCEMENT May 5, 2006 at 3:55 PM

THE BOARD OF ASPOCOMP: STOCK OPTIONS AS PART OF A MANAGEMENT INCENTIVE PLAN

As part of a comprehensive incentive plan for the management of Aspocomp, the
Board of Directors has decided to distribute 930,000 stock options 2006A, 2006B
and 2006C to key personnel and Aspocomp Oy, a wholly-owned subsidiary of the
company. The Annual General Meeting decided on the issue of stock options on
April 10, 2006. The share subscription right and a related shareholding scheme
are directed to unify the goals of the management and other shareholders.

The Board distributed a total of 285,000 stock options 2006A to key personnel of
the Group and 25,000 stock options 2006A to Aspocomp Oy for further distribution
to present and future key personnel of the Group. The beginning of the share
subscription period for stock options 2006A is subject to attainment of the
targets for the Group’s cumulative earnings before interest and taxes (EBIT). The
share subscription period will be 1 May 2008 – 31 May 2010.

In addition, the Board granted Aspocomp Oy 310,000 stock options 2006B and
310,000 stock options 2006C for further distribution to present and future key
personnel of the Group. Thereby stock options 2006 entitle their holders to
subscribe for a total of 930,000 Aspocomp Group Plc shares. As with stock options
2006A, the share subscription period will not commence unless certain performance
criteria, determined before the distribution of the stock options by the Board
and based on the financial targets of the Group, have been attained. The share
subscription period for stock options 2006B is 1 May 2009 – 31 May 2011 and for
stock options 2006C, 1 May 2010 – 31 May 2012.

The share subscription price for stock options 2006A is EUR 3.42 per share (the
trade volume weighted average quotation of the Aspocomp share on the Helsinki
Stock Exchange in April 2006). The basis for determination of the share
subscription price for stock options 2006B is the trade volume weighted average
quotation of the share in April 2007, and for stock options 2006C the trade
volume weighted average quotation of the share in April 2008. The annual dividend
will be deducted from the share subscription price.

A shareholding scheme is incorporated into the incentive plans 2006. Key
personnel included in the stock option plan are obliged to acquire the Aspocomp
Group Plc shares with 20 percent of the gross income gained from the realized
stock options 2006, as long as the shareholding of each key person corresponds to
his/her gross salary for one year. The CEO of the company must own the company’s
shares worth her gross salary for two years and the members of the Executive
Committee worth their gross salary for one year as long as they remain in the
employ or service of the Group.

In March, the Board of Directors decided on a separate share-based incentive
plan, directed at around 12 members of the senior management. It came into force
due to the decision of the Annual General Meeting to issue stock options. The
potential reward from the plan will be paid in 2007. The Board continues to
develop further incentive plans for the company.

The terms and conditions of the stock options are available on the company’s
Internet site at www.aspocomp.com.

For further information, please contact Maija-Liisa Friman, CEO,
tel. +358 9 7597 0711.

ASPOCOMP GROUP PLC

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.

Distribution:
Helsinki Stock Exchange
major media
www.aspocomp.com