Cencorp - Company Announcement

CENCORP CORPORATION STARTS REARRANGEMENTS RELATED TO IMPROVING OF PROFITABILITY AND

CENCORP CORPORATION     STOCK EXCHANGE RELEASE  13.05.2008 AT 09:02 AM          

CENCORP CORPORATION STARTS REARRANGEMENTS RELATED TO IMPROVING OF PROFITABILITY 
AND CUSTOMER SERVICE                                                            

The Board of Cencorp Corporation has decided as a part of it's actions to       
increase the productivity                                                       
and improve the  fixed cost efficiency and customer service to examine the      
possibilities for rearrangements in Lohja and Salo sites, in Singulase Oy as    
well as in its foreign subsidiaries.                                            

Target of the rearrangements is approximately 2.5 million euros savings in fixed
and operational costs. Due to the rearrangements, Cencorp Corporation will      
register non-recurring costs   approximately EUR 0.9  million for the  second   
quarter of year  2008.                                                          

Therefore Cencorp Corporation has decided to start personnel negotiations in    
Lohja and Salo sites, in Singulase Oy and in its Sweden based subsidiary on the 
financial and  production-related as  well  as on  the  restructuring related   
grounds. The negotiations concern  personnel of Cencorp Corporation and         
Singulase Oy as whole in Finland and in Sweden. Maximum amount of terminations  
in Finland is 40 employees.                                                     

Furthermore, Cencorp Corporation examines different options related to receiving
its American subsidiary profitable as well as possibilities to out-source its   
operations in France to local distributor, who will act as sales and service    
representative of the products of Cencorp Corporation in France in the future.  

CEO of Cencorp Corporation Changes                                              

The Board of Cencorp Corporation and CEO Mr. Jouni Suutarinen have signed an    
agreement concerning termination of cooperation. Company would like to thank Mr.
Jouni Suutarinen for strong commitment to developing of the Company in difficult
turning point.                                                                  

The Board of Directors starts its search for a new CEO. Mr. Hannu Seppälä       
(B.1959), Vice President, tester business has been appointed as acting CEO      
starting on May 13, 2008. Mr Seppälä previously worked as entrepreneur in test  
solutions. Cencorp Corporation acquired his company, Salon Hannu Seppälä Oy, in 
1999. Management team member of Cencorp Corporation Mr. Seppälä has been since  
2001.                                                                           


Lohja, May 13, 2008                                                             


Cencorp Corporation                                                             


BOARD OF DIRECTORS                                                              


Further information:                                                            

Mr. Turo Levänen                                                                
Chairman of the Board                                                           
+358505697626                                                                   



Cencorp develops and supplies automation solutions to the electronics and       
semiconductor industry that enhance productivity.                               

Distribution:                                                                   
Helsinki Stock Exchanges                                         
Main media                                                                      
www.pmjautomec.com                                                              

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