Salcomp Oyj - Company Announcement

NORDSTJERNAN'S HOLDING IN SALCOMP EXCEEDS 90 PER CENT GIVING RIGHT TO REDEEM SHARES

Salo, Finland, 2011-03-15 07:45 CET (GLOBE NEWSWIRE) -- Salcomp Plc Stock
Exchange Release 15 March 2011 at 08:45 Finnish time 


As announced on 9 March 2011, Nordstjernan AB (“Nordstjernan”) has acquired
additional shares in Salcomp Plc (“Salcomp”). The trades have now been settled
and consequently, Nordstjernan holds a total of 35,147,189 shares in Salcomp.
Nordstjernan's holding corresponds to approximately 90.1 per cent of the shares
and votes in Salcomp (without taking into account the 337,000 shares that are
in the possession of Salcomp). 


Nordstjernan has informed Salcomp pursuant to Chapter 18, Paragraph 2 of the
Companies Act of its right and obligation to redeem other shareholders' shares
in Salcomp. Nordstjernan intends to use this right and will initiate arbitral
proceedings pursuant to Chapter 18 of the Companies Act as well as measures to
apply for delisting of Salcomp from the Nasdaq OMX Helsinki exchange in due
course. 


Nordstjernan has also informed that it may purchase additional Salcomp shares
in trading on the Helsinki stock exchange or otherwise with a price not
exceeding EUR 2.00 per share (reduced by possible dividend or other
distribution of funds to the shareholders if such should take place before the
purchase takes place). 


SALCOMP PLC



Markku Hangasjärvi
President and CEO


Further information:
Markku Hangasjärvi, President and CEO, Salcomp Plc, +358 40 7310 114
Tomas Billing, President, Nordstjernan AB, +46 8 788 50 18


         Markku Hangasjärvi, President and CEO, Salcomp Plc, +358 40 7310 114
         Tomas Billing, President, Nordstjernan AB, +46 8 788 50 18