Componenta - Company Announcement

Componenta plans to sell its shareholding in the Turkish subsidiary

Componenta Corporation Stock Exchange Release on 7.10.2016 at 9.30

Componenta Corporation plans to sell its shareholding in Componenta Dökümcülük
Ticaret ve Sanayi A.S. Componenta targets to achieve a solution, as a result of
which the Componenta group companies outside Turkey would be released from
their debts from Componenta Dökümcülük Ticaret ve Sanayi A.S. and its
subsidiary and the Turkish subsidiary's operational situation would improve.
The arrangement is not expected to have an impact on Componenta Corporation’s
cash flow or on the operations of remaining subsidiaries. 

Componenta Dökümcülük Ticaret ve Sanayi A.S. had a net sales of EUR 260 million
in 2015 and it employs some 2,600 people. Componenta Corporation’s shareholding
amounts to 93.6 % of the company’s shares and votes. 


Helsinki, 7 October 2016

COMPONENTA CORPORATION



Harri Suutari
President and CEO



For further information, please contact:

Harri Suutari
President and CEO
tel. +358 10 403 2200

Markku Honkasalo
CFO
tel. +358 10 403 2710



Componenta is a metal sector company with international operations and
production plants located in Finland, Turkey and Sweden. The net sales of
Componenta were EUR 495 million in 2015 and its share is listed on Nasdaq
Helsinki. The Group employs approx. 3,700 people. Componenta specializes in
supplying cast and machined components and total solutions made of them to its
global customers, who are manufacturers of vehicles, machines and equipment.