Scanfil - Company Announcement

SCANFIL PLC AND SCANFIL EMS OY RESOLVED TO COMMENCE LEGAL ACTION AGAINST OJALA-YHTYMÄ OY AND ITS SHAREHOLDERS, CLAIMING 2 MILLION EURO AS COMPENSATION

SCANFIL PLC      STOCK EXCHANGE RELEASE   27 APRIL 2011   A.M. 9.15

SCANFIL PLC AND SCANFIL EMS OY RESOLVED TO COMMENCE LEGAL ACTION AGAINST
OJALA-YHTYMÄ OY AND ITS SHAREHOLDERS, CLAIMING 2 MILLION EURO AS COMPENSATION 

On 25 March 2011, Scanfil plc announced that the General Meeting of
Ojala-Yhtymä Oy had decided not to execute the planned merger of Scanfil EMS Oy
and Ojala-Yhtymä Oy. Earlier, on 1 November 2010, Scanfil plc announced that
Scanfil EMS Oy, a wholly owned subsidiary of Scanfil plc, and Ojala-Yhtymä Oy
were to merge. On 21 January 2011, Scanfil plc also announced it had received
information that the closing of the merger was uncertain due to the Board of
Ojala-Yhtymä Oy being unsatisfied with the negotiated merger agreement. 

Scanfil plc and Scanfil EMS Oy ("Scanfil") have resolved to commence
arbitration proceedings against Ojala-Yhtymä Oy and its shareholders and claim
two million (2,000,000) euro as compensation under the merger agreement. 

Scanfil considers the merger agreement signed on 1 November 2010 to be
definitive and that it obligates the parties to execute the merger with the
terms agreed on in the merger agreement. Ojala-Yhtymä Oy unilaterally announced
that its General Meeting had decided not to execute the merger. A separate
announcement will be made concerning the progress or outcome of the
proceedings. 



SCANFIL PLC

Harri Takanen
President



Additional information:
President Harri Takanen
Tel +358 8 4882 111



Distribution         NASDAQ OMX, Helsinki
                            Major Media
                            www.scanfil.com



Scanfil Group comprises the investment and parent company Scanfil plc, and a
subgroup called Scanfil EMS Oy, which is engaged in contract manufacturing for
international telecommunications technology and professional electronics
manufacturers. The objective of the investment activities is to make the
management of the company's funds more effective and productive by diversifying
the risks and finding new growth potential. 

Scanfil has 35 years of experience in demanding contract manufacturing. Scanfil
is a systems supplier that offers its products and services to international
telecommunications systems manufacturers and professional electronics
customers. Typical products are equipment systems for mobile and public
switched telephone networks, automation systems, frequency converters, lift
control systems, equipment and systems for electricity production and
transmission, analysers, slot machines and different meteorological
instruments. The company has production facilities in China, Estonia, Hungary
and Finland. 

The associated companies of Scanfil Group:
Kitron ASA (KIT) (Scanfil 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, as of the beginning of 2011, also in the
United States. Kitron ASA's turnover in 2009 was NOK 1,643.9 million (about EUR
210.5 million). www.kitron.com 

Greenpoint Oy (Scanfil EMS Oy's share of ownership 40%) focuses on development
and supply of solutions and equipment, which improve placements, visibility and
sales of customer products in the Point-Of-Sale. The Greenpoint product
portfolio includes a large variety of refrigerated merchandisers, displays and
integrated check-out zone concepts. The company serves both brand owners and
retail chains internationally. Along with the European markets Greenpoint Oy
has entered North and Latin American markets through partnerships.
www.greenpoint.fi 

iLOQ Ltd (Scanfil 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 have 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 Oy (Scanfil plc's share of ownership 40%) 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 (Scanfil 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 it's 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