Scanfil - Company Announcement

DEMERGER OF SIEVI CAPITAL PLC IMPLEMENTED

SIEVI CAPITAL PLC    STOCK EXCHANGE RELEASE    2 JANUARY 2012   9.40 A.M.

DEMERGER OF SIEVI CAPITAL PLC IMPLEMENTED

The implementation of the partial demerger decided upon by the extraordinary
general meeting of Sievi Capital plc on 22 November 2011 has been entered in
the Trade Register on 1 January 2012. In accordance with the demerger plan, the
assets and liabilities associated with the company's contract manufacturing
operations and other industrial operations were transferred to a new company,
Scanfil plc, as the result of the partial demerger. 

The shareholders of Sievi Capital plc have received shares in Scanfil plc in
proportion to their holdings as consideration for the demerger so that one (1)
share in Scanfil plc has been registered in the book entry account of the
shareholder for each share in Sievi Capital plc. The implementation of the
demerger has no impact on public trading in the Sievi Capital plc share. 

Following the implementation of the demerger, Scanfil plc is an independent
public limited company, separate from Sievi Capital plc. 



SIEVI CAPITAL PLC



Jorma J. Takanen
President and CEO



Additional information:
President and CEO Jorma J. Takanen
tel +358 8 4882 502 / +358 44 7882 200



DISTRIBUTION     NASDAQ OMX, Helsinki
                           Main media                     www.sievicapital.com



Sievi Capital Group is an investment company which objective is to make the
management of the company's funds more effective and productive by diversifying
the risks and finding new growth potential. 

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 

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 

In addition Sievi Capital plc's share of ownership in Lännen Tehtaat Oyj is
8.6%. Lännen Tehtaa Oyj is a food production company whose shares are quoted on
NASDAQ OMX Helsinki Oy. The business operations of the group consist of the
Frozen Food business, the Seafood business and the Grains and Oilseeds
business. Lännen Tehtaat operates in the northern Baltic Sea region.
www.lannen.fi