Aspocomp Group - Company Announcement

PRELIMINARY RESULT OF CASH TENDER OFFER FOR ASPOCOMP GROUP PLC'S CONVERTIBLE BONDS

Espoo, Finland, 2011-06-23 07:30 CEST (GLOBE NEWSWIRE) -- 
Aspocomp Group Plc., Company Announcement, June 23, 2011 at 8:30 a.m.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN AUSTRALIA, CANADA, JAPAN, SOUTH
AFRICA AND THE UNITED STATES 

The offer period in the cash tender offer by Aspocomp Group Plc (“Aspocomp” or
the “Company”) for all the convertible bonds issued by it on December 1, 2006
which entitle their holders to subscribe for shares in the Company (the
“Convertible Bonds”) and which the Company has not redeemed earlier on the
basis of a redemption agreement signed on May 4, 2011 (the “Redemption
Agreement”), ended on June 22, 2011 at 4:00 p.m. Finnish time. 

According to the preliminary result of the tender offer, the Convertible Bonds
for which the tender offer has been validly accepted represent approximately
25.6 % of the original nominal value of the Convertible Bonds. In addition,
Aspocomp bought back altogether 69.2% of the original nominal value of the
Convertible Bonds on June 8-10, 2011 on the basis of the Redemption Agreement.
Therefore, after the completion of the tender offer, Aspocomp has bought
altogether approximately 94.9 % of the original nominal value of the
Convertible Bonds. 

As all the conditions to the completion of the tender offer published on May
24, 2011 have been fulfilled, Aspocomp will complete the tender offer in
accordance with its terms and conditions. 

The final result of the tender offer will be confirmed and announced on or
about June 28, 2011. 

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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