KEMET CORPORATION PRESS RELEASE 4 April 2007 1(2)
THE GERMAN COMPETITION AUTHORITY HAS APPROVED THE ACQUISITION BY KEMET
CORPORATION OF EVOX RIFA GROUP OYJ
KEMET Corporation, through its wholly owned direct subsidiary KEMET Electronics
Corporation ("KEMET"), has on 12 March 2007 launched its public tender offer
for all of the issued and outstanding shares in Evox Rifa Group Oyj ("Evox
Rifa") and for all of the loan notes under the convertible capital loan issued
by Evox Rifa (the "Tender Offer").
The German competition authority has on 4 April 2007 approved the acquisition
by KEMET of Evox Rifa pursuant to the Tender Offer. Following the approval by
the German competition authority, KEMET has now received all necessary
regulatory approvals for the implementation of the Tender Offer.
As of 3 April 2007 the Tender Offer has been accepted by shareholders
representing approximately 81.0 per cent of the shares and votes in Evox Rifa
and by loan note holders holding approximately 82.8 per cent of the convertible
capital loan notes issued by Evox Rifa.
The offer period will expire on 12 April 2007 unless the offer period is
extended or discontinued in accordance with the terms and conditions of the
Tender Offer.
The tender offer document containing the detailed terms and conditions of the
Tender Offer is available in Finnish at the branch offices of Nordea and at OMX
way, Fabianinkatu 14, FI-00130 Helsinki, Finland, and in Finnish and in English
on the internet at www.nordea.fi/sijoita and www.evoxrifa.com.
KEMET Corporation
Board of Directors
Per-Olof Lööf
Chief Executive Officer and Director
INFORMATION REGARDING EVOX RIFA
Evox Rifa Group Oyj manufactures passive electronic components, specializing in
plastic film, paper and electrolytic capacitors. Their major customer groups
are in industrial, automotive and consumer electronics and the lighting
industry. Evox Rifa's strength lies in the design and production of customized
products that require specialist expertise. Evox Rifa, with headquarters in
Finland, has a worldwide sales and distribution network. Its production plants
are located in Indonesia, Great Britain, China, Sweden and Finland. Evox Rifa
has two global business areas: Electrolytic Capacitors and Film and Paper
Capacitors. Additional information can be found at http://www.evoxrifa.com.
INFORMATION REGARDING KEMET
KEMET Corporation provides industry-leading, high-performance electronic
component solutions, including the world's most complete line of surface-mount
capacitor technologies across tantalum, ceramic, and solid aluminum
dielectrics, provided with the world's best quality, delivery and service.
KEMET's common stock is listed on the New York Stock Exchange under the symbol
KEM. Additional information can be found at http://www.kemet.com.
FURTHER INFORMATION
For KEMET:
Mr. Kirk Shockley, Vice President, Business Integration, tel +1 864 901 1471 or
+1 864 228 4291 or
Mr. Dean Dimke, Director of Corporate and Marketing Communications, tel +1 864
228 4448
For Evox Rifa:
Mr. Jerker Molander, Vice Chairman of the Board of Directors, tel + 358 50 380
3845
DISTRIBUTION
Helsinki Stock Exchange
Central media