Componenta rectifies inaccurate information about the sale of land

Componenta Corporation  Stock Exchange Release  17.11.2004 at 18.20

Owing to inaccurate information that has appeared in public, we wish to
state the following facts:

Componenta decided in October 2003 to close down the foundry in Alvesta,
Sweden and transfer its machinery to the foundry in Karkkila. In 
December 2003 Componenta sold its 50% holding in the property company 
Karkkilan Keskustakiinteistöt Oy to the town of Karkkila. The selling 
price was EUR 2.4 million.

The company Karkkilan Keskustakiinteistöt Oy was not in financial
difficulties at the time of the transaction. The company had no external
debt and owned some 75 hectares of land in Karkkila (including 150 plots
of land for private homes and plots for apartment blocks and terraced
housing in the center of Karkkila, which had a combined total permitted
building volume of 68,000 m2,  and unplanned land). In setting the price
for the land, the company applied prices confirmed by the town council of
Karkkila in the autumn 2003.

At a later date the town of Karkkila decided to terminate Karkkilan
Keskustakiinteistöt Oy. In accordance with normal practice, the company
is being terminated by liquidation, which makes sure that the company
being terminated leaves no unresolved creditor obligations.

Helsinki, 17 November 2004

COMPONENTA CORPORATION

Heikki Lehtonen
President and CEO


Further information:

Heikki Lehtonen
President and CEO
tel. +358 9 225 021