Matti Tikkakoski to be proposed for Componenta's Board of Directors

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Matti Tikkakoski to be proposed for Componenta's Board of Directors Shareholders who represent more than 20% of all the company's voting rights have announced that they are proposing to the Annual Shareholders' Meeting on 12 February 2003 that Matti Tikkakoski (49) be elected as a new member to the Board of Directors. M.Sc. (Econ.) Tikkakoski has 22 years worked for Huhtamäki Oyj in different international positions, last as Executive Vice President and Chief Technology Officer, until 31 August 2002. He has previously been President of Polarcup Group and Executive Vice President, Europe. Olli Reenpää (68) has announced that he is not available when electing board members. He has been a member of Componenta's Board of Directors since 1995. Helsinki, 7 February 2003 COMPONENTA CORPORATION Heikki Lehtonen President and CEO Further information: Heikki Lehtonen President and CEO tel. +358 9 225 021 Sirpa Koskinen 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 180 million and the group employs about 1,700 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 World Trade Center Helsinki, Aleksanterinkatu 17 P.O. Box 1132, FIN-00101 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/2003/02/07/20030207BIT00550/wkr0001.doc http://www.waymaker.net/bitonline/2003/02/07/20030207BIT00550/wkr0002.pdf

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