Cencorp - Company Announcement

INCREASE TO SHARE AMOUNT AND NON-RECURRING EXPENSE RELATED TO CONVERTIBLE CAPITAL NOTES

CENCORP CORPORATION         STOCK EXCHANGE RELEASE         9.12.2008

INCREASE TO SHARE AMOUNT AND NON-RECURRING EXPENSE RELATED TO CONVERTIBLE       
CAPITAL NOTES                                                                   

7,908,847 new shares subscribed by Sampo Pankki Oyj on the basis of the EUR     
2,689,008  convertible capital notes 2006 will be recorded in the Trade Register
today on 9.12.2008. The new shares will carry shareholders´ rights from the date
of  registration.                                                               
Share amount of Cencorp Corporation will increase by altogether 7,908,847       
shares, from 46,964,875 shares to 54,873,722 shares. The subscription price of  
the shares will be recorded entirely to the fund of invested non-restricted     
equity.                                                                         

As a result of this conversion Cencorp Corporation will include in the financial
report of last quarter 2008 a non-recurring expense of EUR 1.5 million in the   
financial items in accordance with the IFRSs related to the restructuring of the
terms of a convertible bond in October 2007. This is based on the IFRS norms    
(IFRS 2 and IAS 32), providing that the profit for the period must account for  
the imputed impact on profits resulting from a change in the terms of a         
convertible subordinated loan. This item is related to a convertible            
subordinated loan of EUR 5.7 million drawn in 2006, of which EUR 3.0 million was
converted into company shares in October 2007 at the price of EUR 0.35 per      
share. In the financial items of last quarter 2007 included similar a           
non-recurring expense of EUR 1.5 million.                                       

The initial conversion rate under the subordinated loan was EUR 0.70. The       
difference between the actual conversion rate (0.34) and initial rate (0.70) is 
recognized in the profit for the period, amounting to EUR 1.5 million. This     
recognition is non-recurring, it only affects the profit for the period and has 
no impact on the consolidated equity, equity ratio or the group's cash flow.    


In Lohja, December 9, 2008                                                      

Cencorp Corporation                                                             

BOARD OF DIRECTORS                                                              

Further information:                                                            
Jarmo Kanervo                                                                   
Acting CEO                                                                      
Tel. +358 40 5278802                                                            

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

Distribution:                                                                   
Nasdaqomx Helsinki                                                              
Main media                                                                      
www.cencorp.com