Scanfil - Company Announcement

SCANFIL PLC ACQUIRES 32.96% OF SHARES OF KITRON ASA

SCANFIL PLC       STOCK EXCHANGE RELEASE     24 SEPTEMBER 2010                  

SCANFIL PLC ACQUIRES 32.96% OF SHARES OF KITRON ASA                             

Scanfil plc has done a new strategic investment to contract manufacturing branch
and bought 57,000,000 shares of Kitron ASA from Oslo exchange. Shares will give 
32,96% share of ownership to Scanfil plc. The acquisition price was NOK 143,9   
million (about EUR 18,0 million).                                               

Kitron ASA is an electronics manufacturing company with production facilities in
Norway, Sweden, Lithuania, Germany and China. Kitron's turnover in 2009 was NOK 
1,730.7 million (about EUR 218.5 million) and company's personnel is about      
1,100.                                                                          

Scanfil Plc is an investment company of which most remarkable ownership is 100% 
owned Scanfil EMS Group. Other strategic investments include iLOQ Oy (18.7 %),  
IonPhasE Oy (40.0 %), Panphonics Oy (40.0 %) and Lännen Tehtaat Oyj (8.6 %).    
Current new investment in Kitron ASA is the second largest strategic investment 
by which Scanfil Group wants to strengthen its position and commitment in       
international contract manufacturing markets.                                   




SCANFIL PLC                                                                     


Harri Takanen                                                                   
President                        


Additional information:                                                         
Harri Takanen, President                                                        
Tel +358 8 4882 111                                                             


Distribution         NASDAQ OMX Helsinki                                        
                     Major Media                                                
                     www.scanfil.com                                            


Scanfil Group comprises the investment and parent company Scanfil plc, and a    
subgroup called Scanfil EMS Oy, which is engaged in contract manufacturing for  
international telecommunications technology and industrial electronics          
manufacturers. The objective of the investment activities is to make the        
management of the company's funds more effective and productive by diversifying 
the risks and finding new growth potential.                                     

Scanfil Group has over 30 years of experience in demanding contract             
manufacturing. Scanfil is a systems supplier that offers its products and       
services to international telecommunications systems manufacturers and          
industrial electronics customers. Typical telecommunications products include   
equipment systems for mobile and public switched telephone networks. Automation 
systems, frequency converters, lift control systems, equipment and systems for  
electricity production and transmission, analysers, slot machines and different 
meteorological instruments are just some examples of the industrial electronics 
products we manufacture. The company has production facilities in China,        
Estonia, Hungary and Finland.