Merger of Componenta Finance Corporation with Componenta Corporation

Merger of Componenta Finance Corporation with Componenta Corporation On 15 May 2003, the Board of Directors of Componenta Corporation and the Board of Componenta Finance Corporation, which is wholly owned by Componenta Corporation, have by common consent approved the plan to merge Componenta Finance Corporation with Componenta Corporation. According to the plan, Componenta Finance Corporation, with its assets and liabilities, will be merged with the parent company without merger consideration. The reason for the merger is to simplify the group structure. The planned date for completing the merger is 31 December 2003. Helsinki 15 May 2003 COMPONENTA CORPORATION Heikki Lehtonen President and CEO Further information: Heikki Lehtonen President and CEO 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 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/2003/05/15/20030515BIT00460/wkr0001.doc http://www.waymaker.net/bitonline/2003/05/15/20030515BIT00460/wkr0002.pdf