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Underwritings

01/10/2007

 

UNDERWRITINGS

 

1.1. Board of Directors and Group Management Team

 

Conditional underwritings of the members of Board of Directors and Group Management Team of Cencorp Corporation, which were published on September 26, 2007, came into effect towards subscribers when extraordinary general meeting, held on  September 27, 2007 (hereinafter “General Meeting”) decided to arrange  the directed share issue. Amount of underwritings corresponds to the maximum amount of the share issue that is 1,360,000 euros.

 

According to underwritings following members of the Board of Directors and Group Management Team subscribe shares as presented hereunder:

 

Chairman of the Board Jorma Kielenniva

Primary subscription: 30,000. 24 euros corresponding to 88,236 shares

 

Board Member Sauli Kiuru on behalf of company controlled by Mr Kiuru: Tilitoimisto Capital Oy

Primary subscription : 136,000 euros corresponding to 400,000 shares

Secondary subscription: 1,106,419. 5 euros corresponding to 3,254,175 shares

 

President and CEO Jouni Suutarinen

Primary subscription:  15,000. 12 euros corresponding to 44,118 shares

 

Vice President, Legal Affairs Ville Parpola

Primary subscription:  2,040 euros corresponding to 6,000 shares

 

Vice President, Operations Juha Kantola

Primary subscription: 2,040 euros corresponding to 6,000 shares

 

Vice President, Test Solutions Hannu Seppälä

Primary subscription: 60,000. 14 euros corresponding to 176,471 shares

 

Vice President, Sales and Marketing Kimmo Akiander

Primary subscription: 8,500 euros corresponding to 25,000 shares

 

 

1.2. Convertible capital notes 2006

 

Conditional underwritings based on the convertible capital notes of Keskinäinen työeläkevakuutusyhtiö Varma, Etra Invest Oy, FT Capital Oy and Mr. Markku Jokela, which were published on September 26, 2007, came into effect towards subscribers when General Meeting decided to change the terms of the convertible capital notes.

 

According to the underwritings following holders of the convertible loan, subscribe shares as presented hereunder. Conversion rate of the loan is 0,35 euros:

 

 

 

 

 

 

Loan holder

Capital value of the convertible capital notes 2006 of Cencorp Corporation (EUR) / share amount

Etra Invest Oy (Business ID: 0672234-6)

400,000.30 euros that is 1,142,858 shares

FT Capital Oy (Business ID: 1649320-9)

499,999. 50 euros that is 1,428,570 shares

Markku Jokela (Personal Identity Code: 140657-0838)

149,999.50 euros that is 428,570 shares

Keskinäinen työeläkevakuutusyhtiö Varma (Business ID: 0533297-9)

2,000,000.10 euros that is 5,714,286 shares

 

 

1.3. Payment of the subscriptions

 

Shares must be paid on October 19, 2007 at latest. The subscription price of the shares will be recorded entirely to the fund of invested non-restricted equity. Based on the underwritings the share amount of the company increases by 12,714,284 shares from 34,250,591 shares to 46,964,875 shares. Increasing of the share amount is estimated to be registered to the National Trade Register during week 43/2007.

 

at Lohja, 1 October 2007

 

Cencorp Corporation

 

BOARD OF DIRECTORS

 

For further information please contact:

Ville Parpola

Vice President, Legal Affairs

+358-40-772 64 84

 

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

 

Distribution:

Helsinki Stock Exchanges

Main media

www.cencorp.com

 

Neither  this  press  release nor any copy of  it  may  be  taken, transmitted into or distributed in the United States of America or its territories or possessions.