Componenta - Company Announcement

Componenta has agreed on financing with its customers in Finland and Sweden

Componenta Corporation Stock Exchange Release on 15.9.2016 at 8.00

Componenta announced on 1 September 2016 that Componenta Corporation and
Componenta Finland Oy will file for restructuring in Finland, and that
Componenta Främmestad AB, Componenta Wirsbo AB and Componenta Arvika AB will
file for restructuring in Sweden due to the critical liquidity situation. 

It has been agreed with the major customers of the above mentioned companies on
a prepayment arrangement which will help these companies with working capital
financing in order to continue operations and secure customer deliveries. 

With suppliers the company will return to normal payment terms, when possible.

The filings of the Swedish subsidiaries have been approved and the
restructuring proceedings have started on 1 September 2016 (Componenta
Främmestad AB and Componenta Wirsbo AB) and 2 September 2016 (Componenta Arvika
AB). In Finland, the filings of Componenta Corporation and Componenta Finland
Ltd are still in progress in the local court. 



Helsinki, 15 September 2016

COMPONENTA CORPORATION



Harri Suutari

President and CEO



For further information, please contact:

Harri Suutari
President and CEO
tel. +358 10 403 2200

Markku Honkasalo
CFO
tel. +358 10 403 2710



Componenta is a metal sector company with international operations and
production plants located in Finland, Turkey, the Netherlands and Sweden. The
net sales of Componenta were EUR 495 million in 2015 and its share is listed on
Nasdaq Helsinki. The Group employs approx. 4,250 people. Componenta specializes
in supplying cast and machined components and total solutions made of them to
its global customers, who are manufacturers of vehicles, machines and
equipment.