Cencorp - Company Announcement

HANNU TIMMERBACKA NOMINATED AS CEO OF CENCORP CORPORATION

CENCORP CORPORATION         STOCK EXCHANGE RELEASE               22.12.2008

HANNU TIMMERBACKA NOMINATED AS CEO OF CENCORP CORPORATION                       

Board of Directors elected by extraordinary general meeting held on December 22,
2008 has nominated Mr. Hannu Timmerbacka (b. 1950) as CEO of Cencorp Corporation
beginning on December 22, 2008. Mr. Timmerbacka has a long time experience in   
developing of sales and marketing function as well as in acquisitions in        
international Finnish companies. Mr. Timmerbacka has recently acted as CEO of   
Sasken Finland Oy and Botnia Hightech Oy. He has previously worked in several   
management level positions in Rocla Robotrucks Oy, Metso Automation Oy and      
Valmet Automation Oy.                                                           

At the Board's organization meeting, which was held after the general meeting   
Mr. Matti Paasila was elected as the Chairman of the Board and Mr. Hannu        
Timmerbacka as the Vice Chairman of the Board. Mr. Markku Jokela is a member of 
the Board. The Board of Directors decided to discontinue operations of          
Nomination and Compensation Committee, because the extent of the company's      
business does not require preparation of nomination and compensation matters to 
be dealt with by a group with a more compact composition than the entire Board. 

Industrial Counsellor Mr. Matti Paasila (b. 1947) has wide experience concerning
international executive management and working in the Boards of Directors. His  
areas of speciality are growth management and acquisitions. Mr. Paasila has     
recently acted as CEO of Sarna Polymer Holding Inc. in Switzerland. He has      
previously worked as CEO of Rieter Automotive Systems and in several management 
level positions in Nokia Corporation. Mr. Paasila is a chairman of the Board of 
Directors of Maillefer S.A, which is specialized in manufacturing of cable      
production equipment.                                                           

Engineer, Mr. Markku Jokela (b. 1957) is the founder of Cencorp Corporation and 
former CEO. He has worked in the Board of Directors of Cencorp Corporation      
between 1989 and October 2008. Currently Mr. Jokela acts as CEO of Lohja based  
automation and fiber equipment manufacturer Photonium Oy. He has previously     
worked for example as site manager of Metalex Oy.                               


In Lohja, December 22, 2008                                                     


Cencorp Corporation                                                             

THE BOARD OF DIRECTORS                                                          


Further information:                                                            

Hannu Timmerbacka                                                               
President & CEO                                                                 
+358 400620845                                                                  
Cencorp develops and supplies automation solutions to the electronics and       
semiconductor industry that enhance productivity.                               

Distribution:                                                                   
NASDAQ OMX Helsinki                                                             
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