Scanfil - Company Announcement

SCANFIL PLC’S LISTING APPLICATION SUBMITTED TO NASDAQ OMX HELSINKI OY

SIEVI CAPITAL PLC     STOCK EXCHANGE RELEASE   2 DECEMBER 2011    6.45 P.M

SCANFIL PLC'S LISTING APPLICATION SUBMITTED TO NASDAQ OMX HELSINKI OY

Scanfil plc (company to be established, "Scanfil"), the new company to be
established in the partial demerger of Sievi Capital plc ("Sievi Capital"), has
today submitted an application to NASDAQ OMX Helsinki Ltd ("the Helsinki Stock
Exchange") on the listing of its shares in public trading on the stock exchange
list of the Helsinki Stock Exchange. Trading in the shares on the stock
exchange list of the Helsinki Stock Exchange is estimated to begin on 2 January
2012. The number of shares is 57,730,439. 

On 22 November 2011, the Annual General Meeting of Sievi Capital decided that
Sievi Capital will demerge through a partial demerger so that, as a result of
the partial demerger, its assets and liabilities related to contract
manufacturing and other industrial operations will be transferred to the new
company to be established, Scanfil plc. As a demerger consideration, Sievi
Capital's shareholders will receive Scanfil's shares in proportion to their
shareholdings so that one (1) Scanfil plc's share will be given against each
share in Sievi Capital plc. However, no demerger consideration will be given
for shares owned by Sievi Capital. It is estimated that the shares will be
entered in the book-entry accounts of the shareholders on 1 January 2012. 

The prospectus related to the demerger and the listing of the shares in public
trading on the stock exchange list of the Helsinki Stock Exchange has been
available as of 14 November 2011 on the Internet at http://www.sievicapital.fi. 



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