ASPOCOMP AND BANKS HAVE REACHED AN AGREEMENT ON DEBT RESTRUCTURING


Aspocomp Group Oyj   Company Announcement  November 23, 2007 at 5:00
pm

Aspocomp Group Plc, Aspocomp Oy, Aspocomp Oulu Oy and Aspocomp
Holdings PTE. LTD have today entered into an agreement on debt
restructuring with their Finnish bank creditors. The agreement will
become effective provided that the transactions entered into with
Meadville Holdings Limited are completed. Aspocomp has notified of
the said transactions on 8th November 2007, 15th November 2007 and
16th November 2007.

According to the agreement on debt restructuring the installments of
Aspocomp's loans will be postponed so that the installments will take
place starting from the year 2007 and ending on the year of the
execution of the sale- and purchase options related to the
transactions, and will be concentrated for the last year of the
period. Once the agreement has become effective an annual interest of
2,5 per cent will incur on the loans and will be added to the capital
and paid on the year of the execution of the sale- and purchase
options earliest in 2013.

Furthermore, it has been agreed upon that the merger of Aspocomp Oy
into the parent company Aspocomp Group Plc commenced on 10th May 2007
can be carried out.

After the transactions and the agreed repayment of loans the
aggregate nominal amount of interest-bearing debt of Aspocomp group
will amount to approximately 51 million euros, of which Finnish debts
will make up approximately 35 million euros. The transactions and the
debt restructuring will not have a significant overall effect on the
amount of the group's equity. The aggregate amount of
interest-bearing debt of Aspocomp group would still exceed the book
value of the group's long-term assets(fixed assets).

After the transactions and the agreed repayment of loans the turnover
of Aspocomp group in 2008 is estimated to be approximately 40 million
euros and the EBITDA positive. The financial situation of Aspocomp
group and the liquidity of Aspocomp Group Plc would remain weak.

For further information, please contact Pertti Vuorinen, CFO,
tel. +358 9 7597 0715.


ASPOCOMP GROUP OYJ



Isto Hantila
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.

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The Nordic Exchange
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www.aspocomp.com