Scanfil Oyj - Company Announcement

COURT OF ARBITRATION ORDERED OJALA-YHTYMÄ OY AND ITS SHAREHOLDERS TO PAY EUR 2 MILLION IN DAMAGES TO SCANFIL EMS OY AND SIEVI CAPITAL PLC

SCANFIL PLC        STOCK EXCHANGE RELEASE       1 MARCH 2012 9.55 A.M.

COURT OF ARBITRATION ORDERED OJALA-YHTYMÄ OY AND ITS SHAREHOLDERS TO PAY EUR 2
MILLION IN DAMAGES TO SCANFIL EMS OY AND SIEVI CAPITAL PLC 

With the judgment issued on February 29, 2012, the court of arbitration has
ordered Ojala-Yhtymä Oy and its shareholders (“Ojala”) to pay a total of EUR 2
million and interest to Scanfil plc's subsidiary Scanfil EMS Oy and Sievi
Capital plc and to pay the companies' legal expenses in the matter in full.
Furthermore, Ojala was obligated to pay the court of arbitration's expenses and
fees in full. The compensation less legal expenses will be divided equally
between Scanfil EMS Oy and Sievi Capital plc. In its award, the court of
arbitration confirmed all of Scanfil EMS Oy's and Sievi Capital plc's claims
and the opinion that Ojala was not entitled not to execute the agreed merger.
The judgement of the court of arbitration is final. The court of arbitration
has dismissed Ojala´s counterclaim against Scanfil EMS Oy and Sievi Capital Oyj
in its entirety. 

Scanfil EMS Oy will recognise the damages in its financial statements through
profit or loss. Due to this the operating profit of the first quarter is
estimated to be profitable unlike it was earlier issued in the profit outlook.
The compensation will not change the outlook for the whole year 2012. 

Earlier on 25 March 2011, Sievi Capital plc announced that the General Meeting
of Ojala-Yhtymä Oy had decided not to execute the merger of Ojala-Yhtymä Oy and
Scanfil EMS Oy, a subsidiary of Sievi Capital plc at the time and currently of
Scanfil plc. 

Sievi Capital plc and Scanfil EMS Oy considered the merger agreement signed on
1 November 2010 was 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. Scanfil EMS Oy implemented all of the measures required of it by the
merger agreement. 

Sievi Capital plc and Scanfil EMS Oy decided, as announced on 27 April 2011, to
initiate arbitration proceedings against Ojala-Yhtymä Oy and its shareholders
and claim two million (2,000,000) euro as contractual penalty on the basis of
the merger agreement as well as legal and the court of arbitration's expenses
and fees. 

Sievi Capital plc announced on 16 November 2011 that Ojala-Yhtymä Oy and its
shareholders have brought the counterclaim for a compensation of two million
(2,000,000) euro and claim for both legal and the court of arbitration's
expenses and fees. 



SCANFIL PLC



Harri Takanen
President



Additional information:


President Harri Takanen
Tel +358 8 4882 111

General Counsel Teemu Ohtamaa
Tel +358 8 4882 111





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





Scanfil Group is engaged in contract manufacturing for international
telecommunications technology and professional electronics manufacturers. 

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 company of Scanfil Group:
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.