Salcomp Oyj - Company Announcement

NORDSTJERNAN'S OWNERSHIP IN SALCOMP EXCEEDS 90 PER CENT

Salo, Finland, 2011-03-09 08:10 CET (GLOBE NEWSWIRE) -- Salcomp Plc       Stock
Exchange Release 9 March 2011 at 09:10 Finnish time 


Salcomp Plc (“Salcomp”) has received the following information from
Nordstjernan AB (“Nordstjernan”). 


Nordstjernan has acquired an additional 4,982,473 shares in Salcomp Plc
(“Salcomp”). After the transaction, Nordstjernan's total holding in Salcomp
amounts to 35,147,189 shares, corresponding to 90.1 per cent of all the shares
and votes excluding the 337,000 shares that are in the possession of Salcomp. 


The price paid for the acquired shares amounts to EUR 9,964,946 equivalent to
EUR 2.00 per share. 


As and when the title to the acquired shares shall pass, Nordstjernan has the
redemption right and obligation as stipulated in Chapter 18, Paragraph 1 of the
Companies Act and intends to use the right to redeem the minority shareholders'
shares. Nordstjernan will further apply for a delisting of the company from the
Nasdaq OMX Helsinki exchange in due course. Nordstjernan will notify of the
redemption right and obligation in accordance with Chapter 18, Paragraph 2 of
the Companies Act as soon as the title to the acquired shares has passed. 


SALCOMP PLC


Markku Hangasjärvi
President and CEO


Further information:
Markku Hangasjärvi, President and CEO, Salcomp Plc, p. +358 40 7310 114
Tomas Billing, President, Nordstjernan AB, +46 8 788 50 18


Distribution:
NASDAQ OMX, Helsinki
The main media
www.salcomp.com     Markku Hangasjärvi, President and CEO, Salcomp Plc, p. +358 40 7310 114
         Tomas Billing, President, Nordstjernan AB, +46 8 788 50 18