Neomarkka Plc STOCK EXCHANGE RELEASE NOVEMBER 5, 2008 at 12.00 NEOMARKKA´S SUBSIDIARY REKA CABLES LTD TO START CO-OPERATION NEGOTIATIONS Neomarkka Plc´s subsidiary Reka Cables Ltd will start the co-operation negotiations concerning factories in Hyvinkää and in Keuruu on November 11th, 2008. The negotiations will be started due to the fluctuation of the demand in underground and installation cables. The factory in Riihimäki is not part of the negotiations. Reka Cables Ltd has continued its growth both in Finland and in export markets. The demand of the cables is however sensitive to periodic fluctuation. Due to the lower demand during the winter time Reka Cables Ltd will start the co-operation negotiations concerning factories in Hyvinkää and in Keuruu. The negotiations will concern around 120 employees. More detailed need for lay-offs and length of lay-offs will be specified during the negotiations. The possible lay-offs will be hold mainly during the winter time. The co-operation negotiations will start on November 11th, 2008 and possible adjustments will start earliest on December 3rd, 2008. Neomarkka Plc Sari Tulander CFO FURTHER INFORMATION: Managing Director Markku E. Rentto tel. +358 207 209 191 Managing Director Jorma Leskinen, Reka Cables Ltd, tel. +358 209 200 311 DISTRIBUTION NASDAQ OMX Helsinki Main media www.neomarkka.fi
NEOMARKKA´S SUBSIDIARY REKA CABLES LTD TO START CO-OPERATION NEGOTIATIONS
| Source: Neo Industrial Oyj