ASPOCOMP HAS ENTERED INTO AN AGREEMENT TO ACQUIRE ITS CHINESE JOINT VENTURE

ASPOCOMP GROUP OYJ    COMPANY ANNOUNCEMENT     March 16, 2007 at 6:00
PM

Aspocomp Group Oyj has today entered into an agreement with the
Group's Taiwanese partner Chin-Poon Holdings to acquire its 49
percent minority interest in ACP Electronics Ltd, the Suzhou, China
based joint venture of the two companies. The net purchase price is
EUR 37.8 million and the acquisition is expected to be finalized in
March.

The company published the related Board decision on March 15, 2007.

Since Aspocomp Group Oyj owns 51 percent of ACP Electronics, the net
sales and result of the subsidiary have been consolidated into
Aspocomp's figures starting 2001. The profit for the 2006 financial
year attributable to minority interests, presented in the income
statement of the Aspocomp Group, originates almost entirely from ACP
Electronics. Resulting from the acquisition, the minority interest of
the Chinese subsidiary will be eliminated from the Group's income
statements and interests paid on the loan taken to finance the
acquisition will enter into the Group's income statements.
Consequently, the net impact of the acquisition on the Group's result
will be positive.

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

ASPOCOMP GROUP OYJ



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 2006, the Group's net
sales stood at EUR 149 million and it had about 3,350 employees.


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