Okmetic Oyj - Company Announcement

OKMETIC INCREASES SOI WAFER PRODUCTION CAPACITY IN VANTAA AND SPECIFIES LONG-TERM FINANCIAL OBJECTIVES

OKMETIC OYJ             STOCK EXCHANGE RELEASE    27 APRIL 2011   AT 8.00 A.M.

OKMETIC INCREASES SOI WAFER PRODUCTION CAPACITY IN VANTAA AND SPECIFIES LONG-
TERM FINANCIAL OBJECTIVES

Okmetic's board of directors has approved plans to increase the group's silicon-
on-insulator (SOI) wafer production capacity by extending the Vantaa plant. The
around 30 million euro investment includes the plant extension and different
kinds of production equipment. This investment, together with the on-going SOI
equipment investments, more than triples the Vantaa plant's current SOI wafer
production capacity. Along with the growing production amounts, new equipment
and process development, improved productivity is being aimed at. At the same
time, improvement of SOI wafers' performance continues in order to ensure
customers' competitiveness.

The investment will be carried out mainly in 2011-2013. The building of the
Vantaa plant extension will start in autumn 2011. The surface area of the
extension is 2,420 m(2), approximately a quarter of which is for clean room
facilities. The extension is due to be complete in the end of 2012, after which
it will be taken into production use in stages, following the growth of the
market demand.

The aim is that the investment will be covered mainly with cash flow from
operations, and no need for significant loan financing is foreseeable.

SOI wafers are used for demanding MEMS sensors and HV applications whose markets
have increased year by year. It is estimated that the markets continue to grow
as automotive electronics, consumer electronics as well as industrial process
control increase. Sensor applications increase especially in consumer products
such as smart phones, cameras, game consoles and in other portable devices.

One of Okmetic's core competencies is sensor wafer production, which is based on
high technology and special expertise. The company has invested in the
development of SOI wafers' features and production for years. This newly made
investment decision supports Okmetic's long-term strategy and growth objectives,
strengthens company's market leadership as the supplier of demanding sensor
wafers and enables increase of market share in SOI wafers.

THE COMPANY SPECIFIES ITS LONG-TERM FINANCIAL OBJECTIVES

At the same time, the board of directors approved the company's revised long-
term financial objectives. The company's aim is that the organic net sales grow
a minimum of 10 percent annually and that the operating profit is over 10
percent of the net sales. The just published investment supports the specified
long-term objectives.

The company's previous long-term financial objectives stated that the organic
net sales grow a minimum of 6 percent annually and that the operating profit is
over 10 percent of the net sales. At the same the company discarded other
specifically defined long-term financial objectives such as a 50 percent equity
ratio and consistent annual dividend distribution.


OKMETIC OYJ

Kai Seikku
President

For further information, please contact:

Kai Seikku, President, Okmetic Oyj,
Tel. +358 400 200 288, e-mail: kai.seikku@okmetic.com


Distribution:
NASDAQ OMX Helsinki Ltd
Principal media
www.okmetic.fi


OKMETIC IN BRIEF

Take it higher

Okmetic is a technology company which supplies tailor-made silicon wafers for
sensor and semiconductor industries and sells its technological expertise to the
solar cell industry. Okmetic provides its customers with solutions that boost
their competitiveness and profitability.

Okmetic's silicon wafers are part of a further processing chain that produces
end products that improve human interaction and quality of life. The company's
products are based on high-tech expertise that generates added value for
customers, innovative product development and an extremely efficient production
process.

Okmetic has a worldwide clientele and sales network, production plants in
Finland and in the United States as well as license-based production in Japan
and in China.

Ocmetic's shares are listed on the NASDAQ OMX Helsinki Ltd under the trading
symbol OKM1V. Additional information can be found on the company's website:
www.okmetic.com.

[HUG#1509217]

Attachments:

OKME1211.pdf