Aspocomp Group - Major shareholder announcements

ANNOUNCEMENT PURSUANT TO CHAPTER 2, SECTION 10 OF THE SECURITIES MARKET ACT

REGARDING AN AGREEMENT WHICH, IF COMPLETED, WILL RESULT IN CHANGE IN HOLDINGS

Espoo, Finland, 2011-05-05 07:00 CEST (GLOBE NEWSWIRE) -- Aspocomp Group Plc,
Major shareholder announcements May 5, 2011 at 8:00 am 

Aspocomp Group Plc (business identity code 1547801-5; “Aspocomp”) has today
received a notification based on Chapter 2, Section 9 of the Finnish Securities
Market Act from TTM Technologies Inc. (“TTM”). 

According to the notification, Aspocomp has (i) signed conditional agreements
with its bank lenders, the majority of the holders of its convertible bonds,
and (ii) on May 4, 2011 signed a letter of intent with TTM with a view to
entering into agreements that would result in termination of its debt
restructuring agreement and strengthening its balance sheet. Subject to signing
and completing of the definitive agreements, TTM would, inter alia, exchange
its 10 percent holding of Aspocomp's operating subsidiary Aspocomp Oulu Oy into
12,274,355 shares in Aspocomp representing approximately a 19.7 percent holding
of Aspocomp.  If the definitive agreements are signed and completed as intended
in the letter of intent, the transactions referred to above are expected to be
completed by June 30, 2011. 

TTM does not currently hold any shares or voting rights in Aspocomp. If the
transactions contemplated by the letter of intent are completed, TTM's holdings
in Aspocomp would, pursuant to the notification, increase to 12,274,355 shares
and voting rights, representing a 19.7 percent holding in the shares and voting
rights in Aspocomp (flagging thresholds to be exceeded: 1/20, 1/10 and 3/20).
Pursuant to the notification, the letter of intent expires by June 30, 2011,
subject to signing and completing definitive agreements. 

Pursuant to the notification, the percentages of shares and voting rights held
by TTM as a result of the transactions have been calculated in accordance with
Section 7.3.1 subsections (22) and (23) of Standard 5.2b of the Finnish
Financial Supervision Authority. Pursuant to the notification, if the
transactions will be completed, the number of outstanding shares of Aspocomp
will increase by 12,274,355. 

The I.R.S. Employer Identification number of TTM is 91-1033443.

Aspocomp has one series of shares. The total number of shares issued by
Aspocomp, as registered with the Finnish Trade Register, is 49,905,130. Each
share entitles to one voting right. Therefore, the total number of voting
rights in Aspocomp is 49,905,130. 


For further information, please contact Sami Holopainen, CEO,
tel. +358 9 59 181.


ASPOCOMP GROUP PLC.

Sami Holopainen
President and CEO

www.aspocomp.com


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