Scanfil Oyj — M&A Activity 2010

Sep 24, 2010

Disclosure 281282

Scanfil - Company Announcement

SCANFIL PLC ACQUIRES 32.96% OF SHARES OF KITRON ASA

SCANFIL PLC STOCK EXCHANGE RELEASE 24 SEPTEMBER 2010 SCANFIL PLC ACQUIRES 32.96% OF SHARES OF KITRON ASA Scanfil plc has done a new strategic investment to contract manufacturing branch and bought 57,000,000 shares of Kitron ASA from Oslo exchange. Shares will give 32,96% share of ownership to Scanfil plc. The acquisition price was NOK 143,9 million (about EUR 18,0 million). Kitron ASA is an electronics manufacturing company with production facilities in Norway, Sweden, Lithuania, Germany and China. Kitron's turnover in 2009 was NOK 1,730.7 million (about EUR 218.5 million) and company's personnel is about 1,100. Scanfil Plc is an investment company of which most remarkable ownership is 100% owned Scanfil EMS Group. Other strategic investments include iLOQ Oy (18.7 %), IonPhasE Oy (40.0 %), Panphonics Oy (40.0 %) and Lännen Tehtaat Oyj (8.6 %). Current new investment in Kitron ASA is the second largest strategic investment by which Scanfil Group wants to strengthen its position and commitment in international contract manufacturing markets. SCANFIL PLC Harri Takanen President Additional information: Harri Takanen, President 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 industrial 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 Group 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 industrial electronics customers. Typical telecommunications products include 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 are just some examples of the industrial electronics products we manufacture. The company has production facilities in China, Estonia, Hungary and Finland.