Salcomp Oyj - Company Announcement

DECISION BY THE BOARD OF DIRECTORS REGARDING THE TRANSFER OF STOCK OPTIONS 2007A IN RELATION TO NORDSTJERNAN'S TENDER OFFER

Salcomp Plc 	Stock Exchange Release 5 October 2007 at 08:25 Finnish time        

DECISION BY THE BOARD OF DIRECTORS REGARDING THE TRANSFER OF STOCK OPTIONS 2007A
IN RELATION TO NORDSTJERNAN'S TENDER OFFER                                      

The Board of Directors of Salcomp Plc. (“Salcomp”) has received information     
according to which certain holders of Salcomp's stock options 2007A (the “Stock 
Options”) have informed Nordstjernan AB (“Nordstjernan”) of their willingness to
accept Nordstjernan's tender offer announced on 13 September 2007 (the “Tender  
Offer”). While Nordstjernan under the Securities Market Act has an obligation to
make a mandatory tender offer for all the shares and options issued by Salcomp, 
including the Stock Options, the holders of Stock Options are not automatically 
able to accept the Tender Offer and transfer their Stock Options as section I.5 
of the terms and conditions of the Stock Options provides that a transfer of the
Stock Options prior to the beginning of the subscription period (commencing on 1
April 2010) requires permission from the Board of Directors of Salcomp. The     
Board has discussed the issue in its meeting to consider whether there may be   
prerequisites under the terms and conditions of the Stock Options for the Board 
to give its permission in relation to the Tender Offer.                         

The Board noted in its meeting that there are no specific provisions regarding  
public tender offers in the terms and conditions of the Stock Options, as       
opposed to e.g. squeeze out proceedings under the Companies Act expressly       
mentioned in section II.7 of the terms and conditions. The obligation of        
Nordstjernan to make a mandatory tender offer for all the shares and options in 
Salcomp results from the Securities Market Act which does not as such constitute
a reason to deviate from the terms and conditions of the Stock Options according
to which the subscription period and the transferability of the Stock Options   
will commence on 1 April 2010.                                                  

The Board further discussed that according to the terms and conditions of the   
Stock Options the Stock Options are intended to form a part of Salcomp's        
incentive and commitment program for the group key personnel, and that the Board
may determine certain prerequisites for the company's total shareholder return  
which have to be fulfilled before the share subscription may begin. Further, the
Stock Options were issued by a decision of Salcomp's annual general meeting of  
shareholders on 29 March 2007, i.e. approximately six months ago, which         
indicates that the purpose sought by the AGM, i.e. to incentivize and commit the
group key personnel for a longer period of time would not be realized if the    
Board would at this stage give its permission to transfer the Stock Options.    
Finally, the Board concluded that the existence of the Tender Offer does not    
affect the above purpose of the Stock Options.                                  

On the basis of the above reasoning and discussion the Board decided that there 
are no reasons for the Board to give its permission for the transfer of the     
Stock Options in accordance with section I.5 of the terms and conditions of the 
Stock Options. Accordingly, it will not be possible for the Stock Option holders
to participate in the Tender Offer by selling their Stock Options.              

Salcomp Plc                                                                     
Board of Directors                                                              

Further information:                                                            
Antti Salminen, CFO, tel. +358 40 535 1216                                      

Distribution:                                                                   
Nordic Exchange, Helsinki                                                       
The main media                                                                  
www.salcomp.com