NOTE continues to advance on list of fast growing companies

NOTE is Sweden’s fastest growing sub-supplier of production of electronics. This is shown by the yearly list over Sweden’s fastest expanding companies, published by the newspaper Svenska Dagbladet. Out of Sweden’s 230.000 companies NOTE climb to place number 38 this year compared to place 44 last year.

Fast growing company since 1997 NOTE focus on manufacturing within medical technology, automotive industry, telecom./optics, security electronics and industrial electronics. – It is the seventh year in a row that NOTE are on the list of the fastest growing companies – and that in a trade where many competitors has been forced to cut-backs during the recent years, Erik Stenfors, President of NOTE AB, tells us. Well known customers NOTE produces electronics for many different customers, for example ABB, Assa-Abloy, Atlas Copco, Dresser Wayne, Electrolux, Hasselblad, Nobel Biocare, Parker Hannifin and Volvo. It is shown by the growth list that NOTE has had a yearly average growth of 34, 7 percent during the last five years. The turnover for year 2002 amounts to SEEK 637 million or about SEK 1, 5 million per full-year employed. Profit and increased turnover in spite of recession With a profit of SEK 31 million and 425 employed in Sweden NOTE is one of the winners in the electronic trade. – We are very pleased to be on the list of the fastest growing companies, and this years position is a success for both our personnel and the management. This shows that our strategy to offer production close to the market in Sweden as well as globally is right. NOTE has grown with profit each year, even during the recession. – That is the reason that we proceed towards an exiting future and I dare to say that we will stand strong when the turn of the market comes, Erik Stenfors finishes. For further information, please contact: Erik Stenfors, President NOTE AB, tel +46 176-799 01, + 46 70-950 80 70 or Ann Lewerentz, Marketing Manager NOTE Norrtelje AB, tel. +46 176-793 29

About Us

NOTE is one of northern Europe's leading EMS partners, producing PCBAs, subassemblies and box build products. NOTE's offering covers the whole product lifecycle, from design to after-sales. NOTE has a presence in Sweden, Finland, the UK, Estonia and China. NOTE is listed on Nasdaq Stockholm. For more information, please go to www.note.eu.

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