Componenta sells shares in associated company Keycast

COMPONENTA CORPORATION STOCK EXCHANGE RELEASE 3.6.2005 at 15.00

Componenta sells shares in associated company Keycast

In an agreement signed on 3 June 2005, Componenta has agreed to sell
its 43% holding of the shares of Keycast Oy to a new company
established by OKO Venture Capital and Keycast's operational
management. The price for the shares is approximately 
EUR 6.6 million. Componenta is recording a sales profit of approximately 
EUR 2 million on the transaction.

The transaction is expected to come into effect during the summer of
2005, once the terms of the agreement have been met. The transaction
will not affect Keycast's business operations or personnel.

Keycast is the leading Nordic company specializing in the production
of cast steel components and wear parts made of steel. The company
has foundry operations in one location in Finland and in three
places in Sweden. Keycast had net sales in 2004 of EUR 35.2 million
and an after-tax profit of EUR 1.5 million. The company employs 
250 people.

In connection with this transaction, some of Keycast's private
shareholders have also sold their Keycast shares to the new company,
which aims to acquire 100% of the shares of Keycast.

The sale of Keycast shares is in line with Componenta's strategy of
divesting non-core operations. The sale strengthens the Group's
equity ratio and places it in a stronger position to develop its
core business.


Helsinki, 3 June 2005

COMPONENTA CORPORATION

Heikki Lehtonen
President and CEO




Further information:

Heikki Lehtonen
President and CEO
tel +358 10 403 00


Kimmo Virtanen
CFO
tel +358 10 403 00