ASPOCOMP STARTS CO-DETERMINATION NEGOTIATIONS IN THE PARENT COMPANY AND ASPOCOMP OY



Aspocomp Group Oyj   Company Announcement  October 23, 2007 at 10:30
am

Despite the cost saving measures taken so far, profit and
profitability of Aspocomp Group Oyj ("the Parent company") and
Aspocomp Oy ("the Company") have not developed in line with
expectations of the Parent company owners and the management.
Therefore, and for financial and production-related reasons, the
Parent company and the Company are planning further measures to
increase cost-effectiveness. The planned measures would concern all
functions in the Parent company and the Company, excluding the CAD
design unit. The negotiations do not affect Aspocomp Oulu Oy.

If implemented, the planned measures would lead to organizational
rearrangements as well as job cuts of 15 personnel maximum at the
Parent company and of 15 personnel maximum at the Company.

The statutory labor co-determination negotiations with the
representatives of the salaried personnel both at the Parent company
and the Company will commence on October 30, 2007. The negotiations
will cover the grounds for and effects of the planned measures as
well as possible solutions for individual employees in accordance to
the law on co-determination negotiations.

For further information, please contact Jari Ontronen, Director,
Business transformation, tel. +358 9 7597 0718.

ASPOCOMP GROUP OYJ



Maija-Liisa Friman
President and CEO


Aspocomp: Innovative interconnection solutions for the electronics
industry

The Aspocomp Group develops and offers high technology
interconnection solutions for the electronics industry in close
cooperation with its customers. Aspocomp supplies printed circuit
boards for mobile data terminal equipments, data communications
networks and automotive industry. The company supports its global
customers in developing new technologies and offers a fast route from
product development to applications and volume production. The
Group's production facilities are located in Finland, China and
Thailand. In 2006, its net sales stood at EUR 149 million and it had
about 3,350 employees.

Distribution:
The Nordic Exchange
Major media
www.aspocomp.com