Powernet Oy in deeper partnership with NOTE

NOTE has extended its collaboration with Finnish company Powernet Oy. At the end
of 2012, Powernet decided to focus its business, and decided to increase the
outsourced share of production.

In the first quarter of 2013, NOTE took over and industrialised a large number
of Powernet products, with batch production scheduled to commence in the second
quarter. NOTE estimates that this deeper partnership will have a yearly sales
value of some 20 MSEK.

Powernet Oy, whose head office is in Äänekoski, Finland, develops and
manufactures tailored solutions for demanding power conversion applications.
NOTE Hyvinkää, Finland, will retain primary ownership of this account
relationship, and will support the customer on preparing new products, while
NOTE’s batch production for Powernet is located at NOTEs Industrial Plant in
Estonia.

Paul-Erik Sjöman, President of Powernet Oy, made the following comment on the
selection of NOTE: “Our priority was to appoint a partner with sector-leading
capability to deliver high quality at the right time, and whose organisation
puts flexibility and the customer front and centre”.

Peter Laveson, NOTE’s President and Chief Executive Officer responded: “We’re
pleased that Powernet Oy has chosen to enter a deeper partnership with us. Our
customer needed a professional and flexible partner to support its strategic
initiative.”



For more information, please contact:
Peter Laveson, President and CEO, tel. +46 (0)8 568 99006, +46 (0)70 433 9999
Henrik Nygren, CFO, tel. +46 (0)8 568 99003, +46 (0)70 977 0686



About NOTE
NOTE is one of the leading Northern European manufacturing and logistics
partners for electronics production. NOTE produces PCBAs, sub-assemblies and box
build products. NOTE's offering covers the whole product lifecycle, from design
to after-sales. NOTE has a presence in Sweden, Norway, Finland, the UK, Estonia
and China. In 2012, net sales were SEK 1,029 million; the group has
approximately 900 employees. NOTE is listed on the NASDAQ OMX Stockholm
Exchange. For more information, please go to www.note.eu.

NOTE AB (publ) discloses the information provided herein pursuant to the
Securities Markets Act.
The information was submitted for publication on 22 April 2013 at 8:40 a.m.