PKC GROUP OYJ STOCK EXCHANGE RELEASE 24 June 2008 2.15 p.m. THE PKC GROUP'S CO-DETERMINATION NEGOTIATIONS HAVE ENDED The PKC Group has today finalised the co-determination negotiations with the white collar personnel of the unit in Kempele. The negotiations were held on the basis of the employer's negotiation proposal dated May 5, 2008, according to which the estimated need for personnel cuts totalled 50. As a result of the negotiations the need for personnel cuts was specified to 36 persons, some of whom shall be offered an opportunity to transfer to new duties within the group. The dismissals will be done in the beginning of July. The realized savings will amount to approximately EUR 1.7 million from the third quarter of this year. These measures are taken as part of the streamlining measures to improve efficiency and reorganise operations in order to safeguard the PKC Group's future and ensure competitiveness in the tight global competition. PKC Group Oyj Harri Suutari President & CEO For additional information, contact Harri Suutari, President & CEO, PKC Group Oyj, + 358 400 384 937 Sami Klemola, CFO, PKC Group Oyj, + 358 20 175 2362 Distribution OMX Nordic Exchange Helsinki Main media www.pkcgroup.com The PKC Group offers design and contract manufacturing services for wiring harnesses, cabling and electronics. The Group has production facilities in Finland, Brazil, China, Mexico, Estonia and Russia, and employs over 5,300 people. The Group's net sales in 2007 totalled EUR 288.6 million. PKC Group Oyj is listed on the OMX Nordic Exchange Helsinki.