Scanfil - Decisions of general meeting

SCANFIL PLC'S ANNUAL GENERAL MEETING, 13 APRIL 2011

SCANFIL PLC     STOCK EXCHANGE RELEASE   13 APRIL 2011    4.30 P.M.

SCANFIL PLC'S ANNUAL GENERAL MEETING, 13 APRIL 2011

Scanfil plc's Annual General Meeting has in it's meeting on 13 April 2011
confirmed the Financial Statements for 2010 and discharged the Board of
Directors and the President from liability. 

According to Board of Directors' proposal The Annual General Meeting decided to
distribute a dividend total of EUR 0.12 per share on the market. The record
date for the payment of dividend is 18 April 2011 and the date of payment of
the dividend is 27 April 2011. 

The Meeting resolved that the Board of Directors consists of five members.
Jorma J. Takanen, Asa-Matti Lyytinen, Reijo Pöllä, Jarkko Takanen and Tuomo
Lähdesmäki were re-elected as members of the Board of Directors. The meeting
decided that the remuneration of Chairman of the Board of Directors is EUR
1,500/month, of a member not employed by the company EUR 2,000/month and of
member employed by the company EUR 500/month. 

The remuneration for the auditor shall be paid against the auditor's reasonable
invoice. The company's auditor is KPMG Oy AB, a company of Authorised Public
Accountants, and the main auditor is Authorised Public Accountant Ari Ahti. The
auditor is appointed for an indefinite term. 

In it's meeting, held after the General Meeting, the Board of Directors elected
Jorma J. Takanen as the Chairman of the Board of Directors and Asa-Matti
Lyytinen as Vice Chairman of the Board of Directors. 

The Meeting approved the Board of Directors' proposal to amend the name of the
company and the Articles of Association. 
Article 1 of the Articles of Association was amended to the following form:
The name of the company is Sievi Capital Oyj, in Finnish, and Sievi Capital
plc, in English. The company's registered office is in Sievi, Finland. 

The Meeting decided according to the Board of Directors' proposal to authorize
the Board of Directors to decide on the acquisition of the Company's own shares
with distributable assets. 

The maximum number of the shares to be repurchased shall not exceed 3,000,000
shares. The shares will be purchased using the company's non-restricted equity
in compliance with the regulations of the Companies Act in force. 

Shares will be purchased in another proportion than that of the holdings of the
current shareholders. Purchasing will take place through public trading
arranged by NASDAQ OMX Helsinki Oy. The shares will be purchased at the fair
value established in public trading at the time of acquisition. The acquisition
of shares will decrease the Company's distributable non-restricted reserves. 

The authorization cancels the authorization given in the Annual General Meeting
on 8 April 2010 to repurchase the company's own shares. The authorization will
remain in force for 18 months after it is issued. 

The minutes of the Annual General Meeting will be available on the company's
website, www.scanfil.com, as of 27 April 2011. 



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