Cencorp Corporation's shareholders are invited to the company's Annual General Meeting to be held at 14.00 hrs on the 23rd of March 2006 in the company headquarters at Maksjoentie 11, 08700 Virkkala, Finland.

MATTERS TO BE  DECIDED AT THE ANNUAL GENERAL MEETING

1. Matters coming within the scope of the AGM as detailed in Article 14 of the Company's Articles of Association.

2. The board's proposal on changing the Articles of Association of the company.

The board proposes that Article 15 pertaining to redemption obligation be removed from the Articles of Association. Reason for removal is that according to the opinion of the board:

   1.)  Redemption obligation article is not customary in the
        articles of association of the listed company

   2.)  Redemption obligation article can restrain growing
        possibilities of Cencorp Corporation based on acquisitions.

REMUNERATION OF THE BOARD OF DIRECTORS

The Nomination and Compensation Committee proposes that the members of the board of directors and the chairman be paid the following remuneration: board members 350 euros per month, chairman 700 euros per month and 170 euros of attendance money for each meeting in which the member has been present.

NUMBER OF BOARD MEMBERS AND COMPOSITION OF THE BOARD

The Nomination and Compensation Committee proposes that the membership of the Board of Directors shall be confirmed at four members and that the current members,  Jorma Kielenniva, Jan-Erik Stenman, Petri Väinölä and Markku Jokela, be re-elected. All the members have given their consent to the proposal.

AUDITOR

The Board of Directors' proposal for the auditor will be published later in a separate stock exchange release.

ANNOUNCEMENT OF THE CERTAIN SHAREHOLDERS TO THE BOARD OF DIRECTORS

Shareholders representing over 20% of votes associated with all the Company's shares have announced their support to the Boards´ and Nomination and Compensation Committee's proposals.

 

DISPLAY FOR PUBLIC INSPECTION OF THE DOCUMENTS

Copies of the documents relating to the 2005 financial statements and the Board of Directors’ proposals will be available for inspection by shareholders from the 6th  of March 2006 at the company head office, in address Maksjoentie 11, 08700 Virkkala, Finland. Copies of the documents will be sent to shareholders on request. The annual report can also be read on the company's Internet site at www.cencorp.com from
the March 20, 2006.

PARTICIPATION RIGHTS

In order to have the right to participate in the Annual General Meeting, the shareholder must be registered in the company’s shareholder register, which is maintained by Finnish Central Securities Depository Ltd, by no later than March 13, 2006, or the shareholder has the right to participate according to the Limited-Liability Companies Act, chapter 3a, article 4, subsection 2.

NOTIFICATION

The shareholder wishing to participate in the Annual General Meeting must notify the company of this intention by the 22nd March 2006 at 12.00 hrs, either in writing to address Cencorp Corporation, Saija Tirkkonen, Maksjoentie 11, 08700 Virkkala, Finland, by telephone at number +358-19-6610 233, by telefax to number +358-19-6610 381 or by e-mail to
saija.tirkkonen@cencorp.com. The notification must have reached Cencorp before the end of the registration period. Any proxies to use a shareholder's voting rights are requested to be sent to the company before the end of the registration period.

PAYMENT OF DIVIDENDS

The Board of Directors will propose to the Annual General Meeting that no dividends be paid for fiscal year 2005.

DISPOSAL OF THE FISCAL YEAR'S RESULT

The Board of Directors will propose to the Annual General Meeting that the result of the fiscal year entered in the profits account.

At Virkkala, 17th February 2006

Cencorp Corporation

BOARD OF DIRECTORS

For further information please contact:

Ville Parpola
Vice President, Legal Affairs
+358-19-6610 320

 

Cencorp develops and supplies automation solutions to the
electronics and semiconductor industry that enhance productivity.

Distribution:
Helsinki Stock Exchanges
Main media
www.cencorp.com