Aspocomp Group - Company Announcement

EUR 40 MILLION LOAN FOR ASPOCOMP FROM STANDARD CHARTERED BANK HAS BEEN SIGNED

ASPOCOMP GROUP OYJ   COMPANY ANNOUNCEMENT  March 21, 2007 at 1:55 PM

Aspocomp Group Oyj has agreed on a EUR 40 million credit facility
with Standard Chartered Bank (Hong Kong) Limited. The loan will be
used to purchase the 49 percent minority share in Aspocomp's Suzhou,
China based joint venture ACP Electronics Ltd from the Taiwanese
Chin-Poon Holdings. The loan will be taken out in full in connection
with the minority share purchase, scheduled to take place in March,
and it has an 18-month term with an option for the lender to extend
it by another 18 months. Standard Chartered Bank was the main
organizer in financing of the acquisition. Standard Chartered Bank
and Avista Advisory Group acted as the joint financial advisors to
the loan.

As part of the financing arrangement and based on the authorization
from the Extraordinary General Meeting of January 19, 2007, the Board
of Directors of Aspocomp has resolved to issue 4,000,000 warrants to
Standard Chartered Bank in deviation from the shareholders
pre-emptive subscription rights. Each warrant entitles its holder to
subscribe for one share in the company. As a result, the total number
of the company shares can increase by a maximum of 4,000,000 shares.
The warrants may be exercised from 18 months after their issuance
date (or earlier if a person or entity will acquire over 30 percent
of the company shares) until 36 months after their issuance date. The
subscription price of each share is EUR 1.57, which corresponds to
the market price of Aspocomp's share on March 16, 2007.

In connection with the above-mentioned loan agreement, Aspocomp has
made a commitment to Standard Chartered Bank not to issue more than
40,000,000 shares, based on the authorization from the Extraordinary
General Meeting, without the consent of Standard Chartered Bank. In
addition, Aspocomp has undertaken to reserve 10,000,000 shares of the
authorization for a possible share issue on commercially acceptable
terms. The issue would take place in the event Standard Chartered
Bank requests it within 120 days prior to the scheduled repayment of
the above-described loan in September 2008. The schedule for the
possible issue may change if the term of the loan is extended.

Aspocomp signed the minority purchase agreement on March 16, 2007,
and published the related bulletins on March 15 and 16, 2007.

For further information, please contact Maija-Liisa Friman, CEO,
tel. +358 9 7597 0711.

ASPOCOMP GROUP OYJ



Maija-Liisa Friman
President and CEO


Aspocomp: Innovative interconnection solutions for the electronics
industry

The Aspocomp Group offers and develops innovative interconnection
solutions for the electronics industry in close cooperation with its
customers. We are strongly positioned as a supplier of mobile data
terminal equipment components and aim to further bolster our position
as a supplier to the automotive industry and data communications
networks. We offer our global customers a fast road to mass
production through flexible and cost-effective adaptation of new
technologies.

The Aspocomp Group's production facilities are located close to its
customers in Finland, China, and Thailand. In 2006, the Group's net
sales stood at EUR 149 million and it had about 3,350 employees.


Distribution:
The Nordic Exchange
Major media
www.aspocomp.com