Cencorp - Decisions of general meeting

DECISIONS AT CENCORP'S ANNUAL GENERAL MEETING AND ORGANIZING OF THE BOARD OF DIRECTORS

Cencorp Corporation     Stock exchange release on 19 April 2012 at 14:30
Finnish time 

DECISIONS AT CENCORP'S ANNUAL GENERAL MEETING AND ORGANIZING OF THE BOARD OF
DIRECTORS 

Cencorp Corporation's Annual General Meeting was held on 19 April 2012 in
Mikkeli, Finland. The AGM approved the 2011 financial statements and discharged
the members of the Board and the President and CEO from liability for the
financial year 2011. According to the Board' proposal, it was decided that no
dividend for the financial year 2011 will be distributed. It was also decided
that the loss for the financial period that ended on 31 December 2011 will be
entered in retained earnings. 

The AGM elected Hannu Savisalo, Iikka Savisalo and Ismo Rautiainen as the
members of the Board of Directors of Cencorp Corporation. 

At its organizing meeting following the AGM, Cencorp's Board of Directors
elected Hannu Savisalo as the Chairman and Ismo Rautiainen as the Vice Chairman
of the Board. The Board of Directors decided, due to the scope of the company's
business, that it is not necessary to establish any separate Board committees.
The Board of Directors further stated that Ismo Rautiainen is independent of
the Company and also of the Company's significant shareholders. 

The AGM decided that an annual remuneration of EUR 40,000 will be paid to the
Chairman and to the Vice Chairman of the Board, and EUR 30,000 to the members
of the Board of Directors. 

Ernst & Young Oy, Authorized Public Accounting Firm, continues as the Company
auditor and Mikko Rytilahti, APA, as the responsible auditor. 

Cencorp Corporation

Iikka Savisalo
President and CEO

Further information:
Iikka Savisalo, President and CEO. tel. +358 40 521 6082,
iikka.savisalo@cencorp.com 

Distribution:
NASDAQ OMX, Helsinki
Main media
www.cencorp.com


Cencorp Corporation is a leading provider of industrial automation solutions.
The equipment included in the product portfolio designed for depaneling,
odd-form assembly, testing and laser materials processing substantially
improves the efficiency of customers' production. The product range also
includes EMI shielding solutions, flexible circuits, decorations and RFID
antennas. Cencorp's customers are automotive electronics manufacturers and
manufacturers operating in telecommunications, industrial automation and EMS.
Cencorp's head office is located in Mikkeli, Finland. The company is part of
the Finnish Savcor Group.