Matti Tikkakoski to be proposed for Comp

Componenta Corp. Stock Exchange Release 7.2.2003 at 1.00 pm

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