Sale of Thermia shares completed
Componenta Corporation Stock Exchange Release 9.3.2004 at 16.15
Sale of Thermia shares completed In accordance with the agreement signed by Componenta on 24 January 2004, the sale of Thermia shares has been completed. In the transaction, Componenta has sold its Thermia AB shares to the Swedish private equity investor Procuritas Capital Investors III. The transaction was closed today and the new owner obtained Componenta's 36% holding in the associated company Thermia. The selling price for the shares was EUR 16 million and Componenta records a profit of EUR 7.5 million on the sale. The sale of Thermia shares and the acquisition of the Dutch foundry company De Globe published on 5 March 2004 are part of Componenta's strategy to divest non-core business and concentrate on developing the core business. The profit on the sale of Thermia shares and the EUR 5 million profit to be recorded on the De Globe transaction will raise Componenta's equity ratio significantly. The De Globe transaction comes into effect as a consequence of the completion of the Thermia sale. Helsinki, 9 March 2004 COMPONENTA CORPORATION Heikki Lehtonen President and CEO FURTHER INFORMATION Heikki Lehtonen President and CEO tel +358 9 225 021 Kimmo Virtanen CFO tel +358 9 225 021