Sievi Capital Oyj - Net Asset Value

NET ASSET VALUE CALCULATION OF SIEVI CAPITAL PLC ON 31 DECEMBER 2011

SIEVI CAPITAL PLC   STOCK EXCHANGE RELEASE       21 FEBRUARY 2012 16.30 P.M

NET ASSET VALUE CALCULATION OF SIEVI CAPITAL PLC ON 31 DECEMBER 2011

After the demerger took place on 1 January 2012, the investment company Sievi
Capital plc will publish net asset value calculation quarterly. 

Net asset value per share on 31 December 2011 was 1.52 euro's.

Number of shares is 57 730 439.

The company does not have comparable net asset value calculations from previous
years. 

ACCOUNTING BASIS

Publicly traded securities, mutual funds and derivatives are valued at closing
price. If the closing price has not been available, purchase quotation has been
used, or a value confirmed by issuers. Unlisted stocks and shares are valued at
fair value using various valuation methods. 



SIEVI CAPITAL PLC



Jorma J. Takanen

President & CEO



Additional information:
President Jorma J. Takanen
Tel +358 8 4882 502



Distribution         NASDAQ OMX Helsinki
                     Major 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 the United States. Kitron ASA's turnover
in 2011 was NOK 1,656.1 million (about EUR 213.6 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 centres
and major cities. www.iloq.fi 

IonPhasE Ltd (Sievi Capital plc's share of ownership 39,15%) 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 Ltd (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
its 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 plc is 8,6
%. Lännen Tehtaat plc is a food production company whose shares are quoted on
NASDAQ OMX Helsinki Ltd. 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 

Not for release over US newswire services. Forward looking statements: certain
statements in this stock exchange release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of Sievi
Capital plc to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. When used
in this stock exchange release, such statements use such words as "may,""will,""expect,""anticipate,""project,""believe,""plan" and other similar
terminology. New risk factors may arise from time to time and it is not
possible for management to predict all of those risk factors or the extent to
which any factor or combination of factors may cause actual results,
performance and achievements of Sievi Capital plc to be materially different
from those contained in forward-looking statements. Given these risks and
uncertainties, investors should not place undue reliance on forward-looking
statements as a prediction of actual results. The forward-looking information
contained in this stock exchange release is current only as of the date of this
stock exchange release. There should not be an expectation that such
information will in all circumstances be updated, supplemented or revised,
except as provided by the law or obligatory regulations, whether as a result of
new information, changing circumstances, future events or otherwise.