Scanfil Oyj — M&A Activity 2010

Nov 1, 2010

CORRECTION TO SCANFIL PLC'S STOCK EXCHANGE RELEASE PUBLISHED ON 1 NOVEMBER 2010 AT 9.00 A.M.

CORRECTION TO SCANFIL PLC'S STOCK EXCHANGE RELEASE PUBLISHED ON 1 NOVEMBER 2010 AT 9.00 A.M.

SCANFIL PLC STOCK EXCHANGE RELEASE 1 NOVEMBER 2010 10.45 A.M.

CORRECTION TO SCANFIL PLC'S STOCK EXCHANGE RELEASE PUBLISHED ON 1 NOVEMBER 2010
AT 9.00 A.M.

In key figures there is an error in writing concerning proforma turnover of
2008. Right porforma turnover is EUR 266,6 million.

Below is the corrected release in full.

Scanfil plc
Marjo Nurkkala
Director, Finance

SCANFIL PLC'S SUBSIDIARY SCANFIL EMS OY AND OJALA-YHTYMÄ OY TO MERGE

Scanfil plc's subsidiary Scanfil EMS Oy and Ojala-Yhtymä Oy have a signed a
merger agreement whereby Ojala-Yhtymä Oy will merge into Scanfil EMS Oy. The
general meetings of shareholders of both companies have approved the merger plan
on 1 November 2010. The purpose is to execute the merger during the first half
of 2011. Following the merger, Scanfil plc will have a 79% holding in Scanfil
EMS Oy and former owners of Ojala-Yhtymä Oy a 21% holding.

Harri Takanen, President of Scanfil plc: "The arrangement results in an even more competitive company that is more
capable of meeting the requirements set by markets and customers. Scanfil EMS Oy
and Ojala-Yhtymä Oy complement each other well, and we believe that there will
be significant synergy benefits. When two industry-leading companies in Finland
merge, this results in a sufficiently large company to meet the challenges
caused by structural change in the contract manufacturing industry.”

As a result of the merger, the largest professional electronics and
telecommunications technology contract manufacturing centre in Finland will be
formed in Sievi. Ojala-Yhtymä's foreign units complement Scanfil EMS Oy's
international functions and the new company will have good global coverage. The
merger will result in synergy benefits in manufacturing, material procurement
and logistics. The benefit of the merger has been estimated to be so significant
that the merger is an excellent solution from the point of view of both
companies and their customers.

Ojala-Yhtymä Oy has manufacturing operations in Sievi (Finland), Slovak and
India. Ojala-Yhtymä Oy's main customers are international players in the
electricity, telecommunications and automation industries. The company also has
potential customers in the rapidly growing environmental and recycling
technologies.

Scanfil EMS Oy is a systems supplier that offers its products and services to
international telecommunications systems manufacturers and professional
electronics customers. Typical products are equipment systems for mobile and
public switched telephone networks, automation systems, frequency converters,
lift control systems, equipment and systems for electricity production and
transmission, analysers, slot machines and different meteorological instruments.
The company has production facilities in China, Estonia, Hungary and Finland.

KEY FIGURES
EUR million

                      2008     %       2009     %      1-9 2010     %

Scanfil Group /
Scanfi EMS Group
Turnover 218,9 197,3 157,2
Operating profit 21,1 9,7 15,6 7,9 8,1 5,1
Net profit 15,6 7,1 9,9 5,0 5,0 3,2

Ojala-Yhtymä Group
Turnover 48,5 32,1 34,1
Operating profit 8,2 16,9 1,1 3,4 3,0 8,8
Net profit 5,9 12,2 0,3 1,0 2,0 5,8

Proforma
Turnover 266,6 228,9 191,0
Operating profit 29,3 11,0 16,7 7,3 11,1 5,8
Net profit 21,5 8,1 10,3 4,5 6,9 3,6

Due to the business transfer carried out in 2008, the figures for 2008 are
Scanfil Group's figures. Scanfil EMS Group's, Pro forma and 1-9/2010 figures
have not been audited.

SCANFIL PLC

Harri Takanen
President

Additional information:
President Harri Takanen
Tel +358 8 4882 111

Distribution NASDAQ OMX, Helsinki
Major Media
www.scanfil.com

Scanfil Group comprises the investment and parent company Scanfil plc, and a
subgroup called Scanfil EMS Oy, which is engaged in contract manufacturing for
international telecommunications technology and professional electronics
manufacturers. The objective of the investment activities is to make the
management of the company's funds more effective and productive by diversifying
the risks and finding new growth potential.

Scanfil has over 30 years of experience in demanding contract manufacturing.
Scanfil is a systems supplier that offers its products and services to
international telecommunications systems manufacturers and professional
electronics customers. Typical products are equipment systems for mobile and
public switched telephone networks, automation systems, frequency converters,
lift control systems, equipment and systems for electricity production and
transmission, analysers, slot machines and different meteorological instruments.
The company has production facilities in China, Estonia, Hungary and Finland.

The associated companies of Scanfil Group:
Kitron ASA (KIT) (Scanfil plc's share of ownership 32,96%) is a listed Norwegian
subcontractor, which operates in five different customer segments: the marine
and oil industry, basic industry, defence equipment industry, hospital and
healthcare equipment industry and data and telecommunications industry. In
addition to Norway, Kitron ASA has plants and production in Sweden, Lithuania,
Germany, China and, as of the beginning of 2011, also in the United States.
Kitron ASA's turnover in 2009 was NOK 1,730.7 million (about EUR 218.5 million).
www.kitron.com

Greenpoint Oy (Scanfil EMS Oy's share of ownership 40%) focuses on development
and supply of solutions and equipment, which improve placements, visibility and
sales of customer products in the Point-Of-Sale. The Greenpoint product
portfolio includes a large variety of refrigerated merchandisers, displays and
integrated check-out zone concepts. The company serves both brand owners and
retail chains internationally. Along with the European markets Greenpoint Oy
has entered North and Latin American markets through partnerships.
www.greenpoint.fi

IonPhasE Oy (Scanfil plc's share of ownership 40%) develops and manufactures
high performance dissipative polymers that help to control static electricity.
IonPhasE products are utilized in wide range of industries like chemical,
automotive, telecommunication and consumer electronics. Based on own patented
technology, IonPhasE manufactures polymers called IonPhasE IPE. www.ionphase.fi

Panphonics (Scanfil plc's share of ownership 40%) is the world's leading
provider of directional audio solutions. Panphonics manufactures directional
audio solutions for acoustically demanding applications based on it's own
patented technology. Panphonics Sound Shower® directional audio speakers can be
found in banks, retail stores, digital signage projects, information kiosks,
theatres, and offices throughout the world. Panphonics is also component
manufacturer and licensor of plane wave technology for industrial audio
manufacturers and audio solution providers. www.panphonics.com