SCANFIL PLC'S BOARD OF DIRECTORS PROPOSES THE SPLITTING OF THE COMPANY WITH A BUSINESS TRANSFER AND CONFIRMS THE NEW BUSINESS STRATEGY

SCANFIL PLC'S BOARD OF DIRECTORS PROPOSES THE SPLITTING OF THE COMPANY WITH A   
BUSINESS TRANSFER AND CONFIRMS THE NEW BUSINESS STRATEGY                        

Scanfil plc's Board of Directors proposes the splitting of the company with a   
business transfer and confirms the new business strategy. The goal is to        
increase the contract manufacturing business with the company arrangement and by
investing the retained earnings in areas of new business.                       

The Board of Directors of Scanfil plc will propose to the annual general meeting
(April 3, 2008) that the company will be split up with a business transfer into 
an investment company and sub-concern practicing contract manufacturing         
business.                                                                       

Scanfil plc's electronics contract manufacturing business will be differentiated
in the business transfer into a subsidiary 100% owned by the company. Scanfil   
plc will continue as the parent company and will operate in other business areas
in the role of the owner. The company will actively practice investment         
business. The goal of the arrangement is to increase value of the owners in the 
long run and to improve the development of the value of the stock on the stock  
markets.                                                                        

The electronics contract manufacturing is being developed as a strong Nordic    
operator and the objective is to arrange the contract manufacturing business in 
such a way as to strengthen the global market position. The Scanfil EMS Oy      
concern, which is created in the business transfer, is a competitive and        
profitable company in its own field and we believe that the scale of economies  
will improve the competitiveness even more. The change in company structure will
simplify the realization of the company arrangement. The self-sufficiency of the
sub-concern will remain at a good level.                                        

Scanfil plc will concentrate in the ownership role of contract manufacturing and
the new business sectors. The goal is to invest the company's capital in a      
profitable way into select businesses in the target companies. In the selected  
target companies, we will strive to acquire such an ownership share, wherein we 
can actively influence the company's operations. We can also own shares of stock
and invest capital in other targets. The goal of the company is not to be an    
active share trader but the investments are long-term. The purpose of the       
splitting is to manage the assets more efficiently and profitably by spreading  
out the risks and seeking for new growth possibilities with these measures. The 
goal is to receive a better than market yield for the invested capital.         

The Chairman of the Board, Mr. Jorma J Takanen:                                 
“The new company structure achieved by the business transfer will offer us a    
very interesting view and open the possibility for the effective exploitation of
the parent company's capital potential. With the new company arrangement we can 
benefit from the strengths of the concern even more and we can better follow the
development of the different sectors of the business. In addition, Scanfil plc  
strives to find new business areas, wherein it can operate actively in the      
ownership role.”                                                                

President Mr. Harri Takanen:                                                    
“In part of the contract manufacturing business, we will strive to find         
cooperation arrangements and benefit from the scale of economies. The new       
structure supports this goal and for example, the realization of the company    
arrangement will be noticeably easier. We are still one of the most financially 
sound contract manufacturers but a little closer to other contract manufacturers
in self-sufficiency. The back rest given by the strong and financially sound    
owner provides good possibilities to operate actively in the structure          
arrangements.”                                                                  

Scanfil plc                                                                     

Jorma J. Takanen                                                                
Chairman of the Board                                                           


For more information:                                                           

Chairman of the Board Jorma J. Takanen                                          
+358 44 7882 200                                                                

General Counsel Teemu Ohtamaa                                                   
+358 8 4882 111                                                                 


Distribution:          Helsinki Exchanges                                       
                       Major Media                                              
                       www.scanfil.com                                          



Scanfil plc is a global contract manufacturer and systems supplier for          
communication and industrial electronics with over 30 years experience in       
demanding contract manufacturing                                                

Scanfil offers contract-manufacturing services as a systems supplier to the     
telecommunication industry, mainly to wireless communication sector, as well as 
to the industrial electronics industry. Main telecommunication products are     
among others integrated enclosure systems for mobile phone and ADSL networks and
assembly and testing of modules related to enclosure systems. Examples of       
industrial electronics products include box-built tested devices, various       
electronic modules, backplanes and assembled circuit boards as well as cable    
assemblies. Production plants are situated in China, Hungary, Estonia and       
Finland.