ASPOCOMP HAS AGREED ON THE AMENDMENTS OF THE CONVERTIBLE


Aspocomp Group Oyj   Company Announcement  March 31, 2008 at 5:30 pm

The meeting of Aspocomp Group Oyj's (the "Company") EUR 10.300.000
Debenture Loan I/2006 bondholders has today decided upon amending the
terms of the Debenture Loan in such a manner that the interest on the
loan falls due and payable in one installment on 1.12.2011.

In addition, the Company and the bondholders representing 85.92 % of
the Debenture Loan principal have today agreed upon amending the
terms of the Debenture Loan in such a manner that the principal and
interest accruing thereon falls due and payable in one installment on
1.12.2013 (the "2013 Amendment Agreement"). Pursuant to the original
loan terms the principal fell due and payable on 1.12.2011 and the
interest fell due and payable twice a year.

Pursuant to the 2013 Amendment Agreement, on the basis of the
authorization granted by the annual general meeting of shareholders
on 10.5.2007, the Board of Directors of the Company will issue a
maximum of 20.000.000 stock options to those Debenture Loan I/2006
bondholders who have signed or will sign, by the date set by the
Board of Directors, the 2013 Amendment Agreement. To the extent that
all the Debenture Loan holders do not sign the 2013 Amendment
Agreement, the number of stock options will be reduced in the same
proportion. The exercise period for the shares commences immediately
upon the issuance of the stock options and terminates on 31.10.2013.
The stock option holders may use the options for share subscription
only in the event that the Company is placed in corporate
reorganization pursuant to the Corporate Reorganization Act (47/1993,
as amended), and the outstanding principal under the Debenture Loan
is reduced in such reorganization proceedings. In such case, the
stock options may be used for share subscription only to the extent
that the outstanding principal under the Debenture Loan is reduced.
In the opinion of the Board of Directors of the Company, there are
important financial reasons for the Company to issue the stock
options, because the issuance of the stock options will enable the
amendment of the Debenture Loan terms in such manner that the
interest and the principal shall not fall due before year 2013. The
amendments of the Debenture Loan terms are necessary considering the
Company's financial situation.

The subscription for the shares subscribed on the basis of the stock
options is 0,00001 euro per share. The total aggregate subscription
price payable by each stock option holder is rounded upwards to the
nearest 10 cent. When determining the subscription price, the
relationship between the stock options and the 2013 Amendment
Agreement as well as the importance of the 2013 Amendment Agreement
to the Company's financial situation has been taken into account. In
addition, particular emphasis has been placed on the fact that the
stock option holders may exercise the stock options for share
subscriptions only in the event that the Company is placed in
corporate reorganization in accordance with the Corporate
Reorganization Act (47/1993, as amended), and the outstanding
principal under the Debenture Loan is reduced in such reorganization
proceedings. The purpose of the stock options is to compensate any
reductions in the loan receivables of the bondholders under the
Debenture Loan in corporate reorganization. Considering the
relationship to the 2013 Amendment Agreement, the Company's financial
situation and the exercisability of the stock options only in
corporate reorganization, the Board of Directors considers the
subscription price to be appropriate.

In respect of the bondholders that sign the 2013 Amendment Agreement,
due to the deferral of repayment under the Debenture Loan, the
subscription  period under the stock options issued in connection
with the Debenture Loan needs to be continued until 31.10.2013.
According to the 2013 Amendment Agreement, this will be accomplished
by the Company issuing to the bondholders signing the 2013 Amendment
Agreement stock options in an amount corresponding to the number of
stock options currently held by them under the Debenture Loan, on the
same terms as the original stock options originally issued in
connection with the Debenture Loan except that the exercise period
under such new stock options commences at the expiry of the original
stock options on 31.10.2011 and ends on 31.10.2013 provided that the
original stock options have not been exercised.

For further information, please contact Isto Hantila, CEO,
tel. +358 9 591 8342.

ASPOCOMP GROUP OYJ



Isto Hantila
President and CEO

Aspocomp: Innovative interconnection solutions for the electronics
industry

The Aspocomp Group offers and develops innovative interconnection
solutions for the electronics industry in close cooperation with its
customers. We are strongly positioned as a supplier of automotive
industry and data communications networks. We offer our global
customers a fast road to mass production through flexible and
cost-effective adaptation of new technologies.

The Aspocomp Group's production facilities are located close to its
customers in Finland and Thailand. In 2007, the Group's net sales
stood at EUR 42 million and it had about 1,445 employees.


Distribution:
The Nordic Exchange
Major media
www.aspocomp.com
ASPOCOMP HAS AGREED ON THE AMENDMENTS OF THE CONVERTIBLE DEBENTURE LOAN I/2006
