Sievi Capital Oyj - Company Announcement

DETERMINATION OF THE COST OF ACQUISITION OF SIEVI CAPITAL PLC AND SCANFIL PLC SHARES IN FINNISH TAXATION

SIEVI CAPITAL PLC  STOCK EXCHANGE RELEASE 28 February 2012 15.00 P.M

DETERMINATION OF THE COST OF ACQUISITION OF SIEVI CAPITAL PLC AND SCANFIL PLC
SHARES IN FINNISH TAXATION 

Shares in the new company Scanfil plc established as the result of the partial
demerger of Sievi Capital plc on 1 January 2012 have been publicly traded on
the Main List of NASDAQ OMX Helsinki Ltd since 2 January 2012. The shareholders
of Sievi Capital plc received shares in Scanfil plc in proportion to their
holdings as consideration for the demerger so that one (1) share in Scanfil plc
was conveyed for each share in Sievi Capital plc. 

In accordance with section 52c (5) of the Act on the Taxation of Business
Income, the cost of acquisition of shares in the recipient company is
considered to be the proportion of the cost of acquisition of shares in the
demerged company corresponding to the proportion of the net assets of the
demerged company transferred to the recipient company.The cost of acquisition
of shares in a company demerged in a partial demerger is deemed to be the
proportion of the cost of acquisition of shares in the demerged company that
corresponds to its remaining proportion of the net assets of the demerged
company. 

In accordance with section 52c (4) of the Act on the Taxation of Business
Income, net assets refer to the net assets referred to in Chapter 2 of the act
on the valuation of assets in taxation (1142/2005) at the time of the demerger. 

Based on the above, the cost of acquisition of a share in Sievi Capital plc is
69.1% of the original cost of acquisition of the demerged company Sievi Capital
plc. Correspondingly, the cost of acquisition of a share in Scanfil plc is
30.9% of the original cost of acquisition of Sievi Capital plc. 

The cost of acquisition is applied in calculating the capital gain and/or loss
from the conveyance of shares as the basis of taxation in Finland. 



SIEVI CAPITAL PLC

Jorma J. Takanen

President & CEO



Additional information:

President Jorma J. Takanen

Mobile; +358 44 7882 200



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