Aspocomp Group - Company Announcement

FINAL RESULT OF CASH TENDER OFFER FOR ASPOCOMP GROUP PLC'S CONVERTIBLE BONDS

Espoo, Finland, 2011-06-28 08:00 CEST (GLOBE NEWSWIRE) -- 
Aspocomp Group Plc., Company Announcement, June, 28 2011 at 9:00 a.m.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN AUSTRALIA, CANADA, JAPAN, SOUTH
AFRICA AND THE UNITED STATES 

The offer period in the cash tender offer by Aspocomp Group Plc (“Aspocomp” or
the “Company”) for all the convertible bonds issued by it on December 1, 2006
which entitle their holders to subscribe for shares in the Company (the
“Convertible Bonds”) and which the Company has not redeemed earlier on the
basis of a redemption agreement signed on May 4, 2011 (the “Redemption
Agreement”), ended on June 22, 2011 at 4:00 p.m. Finnish time. 

According to the final result of the tender offer, the Convertible Bonds for
which the tender offer has been validly accepted represent approximately 25.6 %
of the original nominal value of all the Convertible Bonds. In addition,
Aspocomp bought back 69.2% of the original nominal value of all the Convertible
Bonds on June 8-10, 2011 on the basis of the Redemption Agreement. Therefore,
after the completion of the tender offer, Aspocomp has bought altogether
approximately 94.9 % of the original nominal value of all the Convertible
Bonds. After the completion of the tender offer, the holders of the Convertible
Bonds will have the Convertible Bonds in the nominal value of EUR 530,000, of
which EUR 330,000 (3.2 % of the original nominal value) with interest becomes
due and payable on December 1, 2011 and EUR 200,000 (1.9% of the original
nominal value) with interest becomes due and payable on December 1, 2013. 

Aspocomp will complete the tender offer published on May 24, 2011 in accordance
with its terms and conditions preliminarily today, June 28, 2011, with respect
to all of those holders of the Convertible Bonds who have validly accepted the
tender offer and who have not validly withdrawn their acceptance. The
completion trades of the Convertible Bonds will be settled preliminarily on
June 30, 2011. 

As a result of the above-described transactions together with the transactions
announced by Aspocomp on June 8, 2001, the nominal value of Aspocomp's
interest-bearing debt will decrease to approximately EUR 2.3 million (nominal
value of the interest-bearing debt at the end of Q1/2011 was EUR 23.5 million).
Aspocomp's equity will improve by approximately EUR 2.9 million and equity
ratio will improve approximately 37 percentage points (equity ratio at the end
of Q1/2011 was 11.1%). 

For further information, please contact Sami Holopainen, CEO,
tel. +358 9 59 181.

ASPOCOMP GROUP PLC.


Sami Holopainen
President and CEO

www.aspocomp.com


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