2007-09-11 13:00:00 CEST

2007-09-11 13:00:00 CEST


REGULATED INFORMATION

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Affecto Oyj - Company Announcement

AFFECTO UPDATES ITS FINANCIAL TARGETS


AFFECTO PLC         STOCK EXCHANGE RELEASE        11 SEPTEMBER 2007 AT 14:00

AFFECTO UPDATES ITS FINANCIAL TARGETS

The  Finnish  IT service company Affecto has decided to update  its  financial
targets  reaching into the year 2009. This is due to the positive  development
of  the  business and the recent acquisition of Component Software  Group  ASA
from Norway.

Long-term targets

The  growth target for the company for 2007-2009 is that net sales exceed  160
million euros in 2009. (Previous goal: 100 million euros in 2009.)

The  profitability targets are not changed and the company still seeks  to  be
one of the most profitable IT services companies within its market region.

Year 2007

Affecto  seeks to reach net sales of over 90 million euros in 2007,  including
Component Software's net sales since 1 September 2007. (The previous goal  was
70 million euros and did not include Component Software.)

Profitability is expected to improve from year 2006. There is no  change  with
this estimate.

CEO Pekka Eloholma:

"During  2007 the company has acted according to its vision to become a  clear
market   leader  in  Nordic  and  Eastern  European  countries   in   Business
Intelligence  services. The Component Software acquisition  in  Norway  was  a
significant step for us in implementing our growth strategy, and increased our
annual  sales  over  the  100 million euro milestone.  The  updated  financial
targets  reflect the company's current performance and our confidence  in  our
possibilities to continue developing the company favorably," states CEO  Pekka
Eloholma.


Affecto Plc
Board of Directors


Further information:

Pekka Eloholma, CEO, Tel. +358 205 777 737
Hannu Nyman, SVP M&A,IR  Tel. +358 205 777 761