PERLOS TECHNOLOGY OY TO BE MERGED WITH PERLOS CORPORATION

PERLOS CORPORATION STOCK EXCHANGE RELEASE JUNE 19, 2007 AT 1 P.M.

The Board of Directors of Perlos Corporation has on this date
approved plan to merge the company's fully owned subsidiary Perlos
Technology Oy with the parent company. The Board of Perlos Technology
Oy has also approved the plan to merge. The merger will simplify
Perlos' Group structure.

The subsidiary will be merged without paying any merger
consideration. The goal is to complete the merger by 31 October 2007.

Perlos Technology Oy is a research and development unit within the
Perlos Group of companies. In the fiscal year 1 January - 31 December
2006, Perlos Technology Oy's net sales amounted to approximately one
million euros, which consisted solely of income from the Perlos
Group. The merger has no effect on the employment of the personnel.

PERLOS CORPORATION

Further information on June 19, 2007 from 1 - 2 P.M.:
- Perlos Corporation, Juha Torniainen, Chief Financial Officer, tel.
+358 9 2500 7218

PERLOS IN BRIEF

Perlos Corporation is a global design and manufacturing partner for
the telecommunications and electronics industry. The service offering
covers the whole product life cycle from product design to
manufacturing, logistics and new product versions. The production
facilities are located in Asia, Europe and North and South America
and the company is headquartered in Finland. In 2006, Perlos
Corporation's net sales amounted to EUR 673,6 million. The company
employed approximately 10,600 people worldwide in the end of March,
2007. Perlos share (POS1V) is traded on the OMX Nordic Exchange
Helsinki.

DISTRIBUTION
Helsinki Stock Exchange
Central media
www.perlos.com