Michael Sjöberg to be Director of Componenta's machine shops

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STOCK EXCHANGE RELEASE/ 17.5.2004 at 10.30 am Michael Sjöberg to be Director of Componenta's machine shops Michael Sjöberg (40), M.Sc. (Eng.), E-MBA, has been appointed Director, Machine Shops at Componenta Group and a member of the Corporate Executive Team. Michael Sjöberg will join Componenta on 16 August 2004 and will be responsible for the Group's machine shop operations in Finland, Sweden and the Netherlands. He will be based in Sweden at Componenta Främmestad and will report to Group President and CEO Heikki Lehtonen. Michael Sjöberg comes to Componenta from Tour & Andersson where he has been Operations Director since 2001. Helsinki 17 May 2004 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, the Netherlands and Sweden. The total net sales of Componenta and De Globe acquired in March 2004 exceeded EUR 259 million in 2003 and the group employed about 2,200 people. Componenta's shares are quoted on the Main List of the Helsinki Exchanges. The group's customers operate in the heavy truck, off-road, power and transmission and machine building 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/2004/05/17/20040517BIT00100/wkr0001.doc http://www.waymaker.net/bitonline/2004/05/17/20040517BIT00100/wkr0002.pdf