Componenta - Company Announcement

The restructuring and bankruptcy filings of Componenta group companies are progressing

Componenta Corporation Stock Exchange Release on 7.9.2016 at 16.00

Componenta announced on 1 September 2016 that Componenta Corporation and
Componenta Finland Oy will file for restructuring in Finland, that Componenta
Främmestad AB, Componenta Wirsbo AB and Componenta Arvika AB will file for
restructuring in Sweden and that the Dutch subsidiary Componenta B.V. will file
for bankruptcy. 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). The Dutch subsidiary Componenta B.V. has been declared bankrupt on 2
September 2016. 

Componenta Corporation will today complement its restructuring filing with
interim accounts 30.6.2016 of Componenta Corporation (as a separate company)
that have been approved on 7 September 2016 and an auditors statement. These
interim accounts have been prepared based on the going concern concept but
taking into account the commencement of the restructuring and bankruptcy
proceedings of the subsidiaries. 

Due to asset value write offs made in the interim accounts the equity of
Componenta Corporation (as a separate company) has become negative by
approximately 9 Me. These write offs relate to receivables from subsidiaries,
value of the subsidiary investments and certain other assets. When assessing
the valuation of the above mentioned assets the company considered the
restructuring and bankruptcy proceedings of the subsidiaries described above as
well as the prudence principle set out in the Finnish Accounting Act. No write
offs have been made to the debts of the company. 

Based on this the company will today make a filing to the trade registry
pursuant to Chapter 20 Section 23 of the Companies Act regarding loss of share
capital.  It is expected that the equity of the company will become positive
during the restructuring process. The board of Componenta Corporation will
convene a shareholders’ meeting pursuant to Chapter 20 Section 23 of the
Companies Act and the interims accounts will be available for inspection prior
to the meeting pursuant to the provisions of the Companies Act. 

The board of Componenta Corporation has received conversion notices from
certain investors regarding its convertible capital loan. The conversion
notices relate to in aggregate 5 600 000 shares. The related equity increase
amounts to in aggregate 2 800 000 euros. The new shares will be registered in
the trade registry as soon as possible. 



Helsinki, 7 September 2016

COMPONENTA CORPORATION



For further information, please contact:

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.