Scanfil - Company Announcement

OJALA-YHTYMÄ OY FILES COUNTERCLAIM AGAINST SIEVI CAPITAL PLC AND SCANFIL EMS OY

SIEVI CAPITAL PLC     STOCK EXCHANGE RELEASE    16 NOVEMBER 2011  10.00 A.M.

OJALA-YHTYMÄ OY FILES COUNTERCLAIM AGAINST SIEVI CAPITAL PLC AND SCANFIL EMS OY

On 27 April 2011, Sievi Capital plc and Scanfil EMS Oy announced they have
commenced legal actions against Ojala-Yhtymä Oy and its shareholders ("Ojala")
because Ojala unilaterally announced having decided not to execute the merger
agreed between Ojala and Scanfil EMS Oy. In connection with the arbitration
proceedings, to the knowledge of Sievi Capital plc has come that Ojala has
filed its response and the related counterclaim for a compensation of two
million (2,000,000) euro and claim for both legal and the court of
arbitration's expenses and fees. 

Sievi Capital plc and Scanfil EMS Oy consider the counterclaim to be entirely
unfounded. The merger was not executed due to Ojala's General Meeting deciding
not to execute the merger of Scanfil EMS Oy and Ojala-Yhtymä Oy. 

A separate announcement will be made concerning the progress or outcome of the
proceedings. 



SIEVI CAPITAL PLC

Harri Takanen
President



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



Distribution         NASDAQ OMX, Helsinki
                     Major Media
                     www.sievicapital.com



Sievi Capital Group comprises the investment and parent company Sievi Capital
plc, and a subgroup called Scanfil EMS Oy, which is engaged in contract
manufacturing for international telecommunications technology and professional
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 EMS Oy has 35 years of experience in demanding contract manufacturing.
Scanfil is a systems supplier that offers its products and services to
international telecommunications systems manufacturers and professional
electronics customers. Typical products are 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. The company has production facilities in China, Estonia, Hungary
and Finland. 

The associated companies of Sievi Capital Group:
Kitron ASA (KIT) (Sievi Capital plc's share of ownership 32,96%) is a listed
Norwegian subcontractor, which operates in five different customer segments:
the marine and oil industry, basic industry, defence equipment industry,
hospital and healthcare equipment industry and data and telecommunications
industry. In addition to Norway, Kitron ASA has plants and production in
Sweden, Lithuania, Germany, China and, as of the beginning of 2011, also in the
United States. Kitron ASA's turnover in 2009 was NOK 1,643.9 million (about EUR
210.5 million). www.kitron.com 

Greenpoint Oy (Scanfil EMS Oy's share of ownership 40%) focuses on development
and supply of solutions and equipment, which improve placements, visibility and
sales of customer products in the Point-Of-Sale. The Greenpoint product
portfolio includes a large variety of refrigerated merchandisers, displays and
integrated check-out zone concepts. The company serves both brand owners and
retail chains internationally.  Along with the European markets Greenpoint Oy
has entered North and Latin American markets through partnerships.
www.greenpoint.fi 

iLOQ Ltd (Sievi Capital plc's share of ownership 23%) develops, manufactures
and markets innovative, high security, electronic and battery-free locking
solutions that combine modern mechatronics with communications and software
technology. The functionality of the iLOQ S10 product concept developed by iLOQ
Ltd and the added customer value it generates has been shown to be good by
achieving significant growth and customer accounts in the Finnish lock market.
The company has built a Finnish distributor network that covers growth centers
and major cities. www.iloq.fi 

IonPhasE Oy (Sievi Capital plc's share of ownership 40%) develops and
manufactures high performance dissipative polymers that help to control static
electricity. IonPhasE products are utilized in wide range of industries like
chemical, automotive, telecommunication and consumer electronics. Based on
own-patented technology, IonPhasE manufactures polymers called IonPhasE IPE.
www.ionphase.fi 

Panphonics Oy (Sievi Capital plc's share of ownership 40%) is the world's
leading provider of directional audio solutions. Panphonics manufactures
directional audio solutions for acoustically demanding applications based on
it's own patented technology. Panphonics Sound Shower directional audio
speakers can be found in banks, retail stores, digital signage projects,
information kiosks, theatres, and offices throughout the world. Panphonics is
also component manufacturer and licensor of plane wave technology for
industrial audio manufacturers and audio solution providers. www.panphonics.com