Evox Rifa Group Oyj has today received the following notification: KEMET ELECTRONICS CORPORATION NOTIFICATION 28 MAY 2007: TO THE SHAREHOLDERS OF EVOX RIFA GROUP OYJ REDEMTION CLAIM FOR THE MINORITY SHARE PURSUANT TO THE FINNISH COMPANIES ACT KEMET Electronics Corporation (“KEMET”) has gained title to 165,176,607 shares of Evox Rifa Group Oyj (”Evox”), corresponding to approximately 92.7 per cent of all the shares and votes in Evox. KEMET has gained ownership to said Evox shares by virtue of a voluntary public tender offer, in which the consideration offered has been EUR 0.12 per share. As a consequence of KEMET's holding exceeding nine tenths (9/10) of all the shares and votes in Evox, KEMET has the right, based on Chapter 18, Section 1 of the Companies Act, to redeem the shares held by other Evox shareholders. KEMET has notified the Board of Directors of Evox of its redemption right and claim by letter dated 24 April 2007. Information regarding the redemption right has been registered with the Finnish Trade Register on 2 May 2007. APPOINTMENT OF ARBITRAL TRIBUNAL AND COMMENCING REDEMPTION PROCEEDINGS In its application dated 25 April 2007 KEMET has requested that the Redemption Committee of the Central Chamber of Commerce of Finland appoint an arbitral tribunal comprised of a sole arbitrator and commence arbitral proceedings in the matter relating to the redemption of minority shares. The application and a letter from the Redemption Committee regarding the application will be posted separately to all known shareholders. KEMET asks the arbitral tribunal to be appointed to confirm that the price offered and paid under the voluntary public tender offer, EUR 0.12 per share, constitutes the redemption price also under the Companies Act. TRUSTEE The Redemption Committee of the Central Chamber of Commerce has on the basis of KEMET's application requested the District Court of Helsinki to appoint a trustee for the arbitral proceedings to supervise the interests of the minority shareholders of Evox during the redemption proceedings. According to the Companies Act the trustee has the right and obligation to present supportive facts and evidence on behalf of the minority shareholders in the arbitral proceedings. The District Court of Helsinki in its decision dated 23 May 2007 (Case nr 07/13833) has appointed CPA Rabbe Nevalainen as the trustee. The contact details of the trustee are as follows: CPA Rabbe Nevalainen Ernst & Young Oy Elielinaukio 5 B 00100 Helsinki Tel. +358(0)9 172 771 Fax. +358(0)9 1727 7701 E-mail: rabbe.nevalainen@fi.ey.com In Helsinki this 28 day of May 2007 KEMET Electronics Corporation Petri Taivalkoski Attorney-at-law, Helsinki Evox Rifa Group Oyj Kirk D. Shockley Managing Director DISTRIBUTION Helsinki Stock Exchange Central media
REDEMPTION CLAIM FOR THE MINORITY SHARES PURSUANT TO THE FINNISH COMPANIES ACT
| Source: Evox Rifa Group