Scanfil - Company Announcement

SIEVI CAPITAL PLC DEFINES THE TURNOVER AND RESULT ESTIMATION FOR 2011

SIEVI CAPITAL PLC    STOCK EXCHANGE RELEASE  21 DECEMBER 2011 5.15 P.M.

SIEVI CAPITAL PLC DEFINES THE TURNOVER AND RESULT ESTIMATION FOR 2011

Due to the decline of demand especially in telecom products and partly also in
products related to renewable energy the turnover of the contract manufacturing
business is estimated to fall a little short of last year's level and to be
about EUR 210 million (EUR 219,3 million in 2010). Company estimated earlier
the turnover to be on the same level as in 2010. 

The operating profit of the last quarter of the contract manufacturing business
(Scanfil EMS Oy) is estimated to be slightly negative and operating profit for
the whole year 2011 is so estimated to fall a little short of  last year's
level, but remain however on satisfactory level. Earlier company has estimated
the operating profit of the contract manufacturing business in the second half
of the year to be weaker than in the first half of the year, yet positive and
the operating profit for whole year 2011 is estimated to remain at a
satisfactory level. 

The net result of Sievi Capital Group also includes income from the investment
business. The worldwide decline in share prices will affect the fair value of
Sievi Capital's investments in quoted shares and other marketable securities.
The net result of the Group will thereby remain clearly weaker than previous
year. Company has not earlier anticipated the development of its net result in
2011. 



SIEVI CAPITAL PLC

Harri Takanen
President



Additional information:
President Harri Takanen
Tel +358 8 4882 111

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



Sievi Capital Group comprises the investment and parent company Sievi Capital
plc, and a subgroup called Scanfil EMS Oy, which is engaged in contract
manufacturing for international telecommunications technology and professional
electronics manufacturers. The objective of the investment activities is to
make the management of the company's funds more effective and productive by
diversifying the risks and finding new growth potential. 

Scanfil EMS Oy 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 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, as of the beginning of 2011, also in the
United States. Kitron ASA's turnover in 2009 was NOK 1,643.9 million (about EUR
210.5 million). www.kitron.com 

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.
www.greenpoint.fi 

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 centers
and major cities. www.iloq.fi 

IonPhasE Oy (Sievi Capital plc's share of ownership 40%) 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 Oy (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
it's 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