Aspocomp Group - Company Announcement

UPDATE OF ASPOCOMP GROUP PLC’S DIVIDEND POLICY

Espoo, Finland, 2012-02-16 08:30 CET (GLOBE NEWSWIRE) -- 
Aspocomp Group Plc, Company Announcement, February 16, 2012 at 9:30 a.m.

In Aspocomp Group Plc's annual report 2010 the following is said about the
company's dividend policy: 

“The Board of Directors of Aspocomp Group Plc defined a new long-term dividend
policy for the company on March 15, 2007. According to the policy, Aspocomp
aims to pay dividends amounting to no less than 30 percent of the profit for
each financial year once the company's profitability has been restored and it
has reached its gearing and equity ratio goals. 

It is likely that the Board will not propose dividend payments in the near
future.” 

The Board of Aspocomp Group Plc has on February 15, 2012 decided to update the
company's dividend policy to read as follows: 

”In December 2011 the extraordinary general meeting of the company decided to
decrease its share capital and to use its share premium fund, its special
reserve and its reserve for invested unrestricted equity to cover losses shown
on the balance sheet. As a consequence, the company is not allowed to
distribute dividends during the following three years without complying with a
procedure for creditor protection. As the company has open legal processes
relating to its French subsidiary that was placed into bankruptcy in 2008, the
company's understanding is that such procedure for creditor protection would
prevent any dividend distribution. Consequently, the company may distribute
dividends after December 29, 2014. 

When dividend distribution becomes possible, the company aims to distribute as
dividend half of the net operational cash flow deducted by operative
investments.” 


ADDITIONAL INFORMATION

For further information, please contact Sami Holopainen, CEO, tel. +358 9 59
181, sami.holopainen(at)aspocomp.com. 


ASPOCOMP GROUP PLC
Board of Directors


www.aspocomp.com


Aspocomp: Flexibility of product design

Aspocomp Group Plc provides services for the design and manufacture of
high-tech PCBs. Aspocomp's products are used in the electronics industry, for
instance, in telecommunications networks, automobiles and many types of
industrial applications.