Changes in Componenta's organization following the acquisition of De Globe

Changes in Componenta's organization following the acquisition of De Globe Componenta Group has expanded its sales and production organization and appointed two new people to its Corporate Executive Team. Componenta and the Dutch foundry company De Globe have together started a 100-day integration programme, during which they will start to take advantage in both companies of the benefits arising from the share transaction on 5 March 2004. Componenta's sales organization in the Nordic countries and De Globe's sales organization in central Europe will be combined into a strong joint organizatin in Europe. Componenta's machine shops and machining expertise will support De Globe's operations and enable a broader service offering to customers. As part of these measures, a new organization is coming into effect today and the following appointments are being made in the Group in connection with this: Wim Schut has been appointed Director and member of the Corporate Executive Team with responsibility for the Globe foundries. He continues as Managing Director of De Globe. Leon Giesen has been appointed Director, Sales and Development, and a member of the Corporate Executive Team with responsibility for sales in Central Europe and North America and for the Off-road and Air Power business areas. Jari Leino continues as Director, Sales and Development with responsibility for sales in the Nordic countries and for the Heavy Trucks business area. Anu Tiainen has been appointed Director, Treasury with responsibility for corporate financing. She reports to CFO Kimmo Virtanen. Rami Hasu has been appointed project manager with responsibility for the Componenta - De Globe integration. Juha Alhonoja has been appointed manager of De Globe machining operations as from 1 June 2004. He will report to the Director, Machine Shops. Mira Sorjonen continues as human resources manager with responsibility for personnel development at the Foundries Nordic countries division. She reports to the Director, Foundries Lauri Huhtala. Mira Sorjonen is on maternity leave until August 2004. All the above appointments come into effect on 1 April 2004 unless stated otherwise. The operations of Componenta and De Globe and their geographical location complement each other extremely well. Together they form a major European supplier of casting solutions that in 2003 had combined net sales of EUR 259 million and employed 2,200 people. Helsinki, 1 April 2004 COMPONENTA CORPORATION Heikki Lehtonen President and CEO FURTHER INFORMATION Heikki Lehtonen President and CEO tel. +358 9 225 021 Kimmo Virtanen CFO tel + 358 9 225 021 Componenta is a metal sector company with international operations and production plants located in Finland and Sweden. The company's net sales exceed EUR 178 million and the group employs about 1,565 people. Componenta's shares are quoted on the Main List of the Helsinki Exchanges. The group's customers operate in the heavy truck, power and transmission, machine building and off-road industries. Componenta specializes in supplying ready-to-install cast, geared and machined components directly to the customer's assembly line. Componenta Corporation Nuijamiestentie 3 C FIN-00400 Helsinki , Finland Tel. +358 9 225 021 Fax +358 9 2250 2721 http://www.componenta.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/01/20040401BIT00990/wkr0001.doc http://www.waymaker.net/bitonline/2004/04/01/20040401BIT00990/wkr0002.pdf