Stock Exchange & Press Releases 2002

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Elektrobit Group Oyj - JOT AUTOMATION OUTSOURCES THE PRODUCTION AT THE OULUNSALO FACTORY

May 16, 2002

JOT AUTOMATION OUTSOURCES THE PRODUCTION AT THE OULUNSALO FACTORY


JOT Automation Oy, a subsidiary of JOT Automation Group Plc, and Elektronet Oy, a company belonging to the Metalliset Group, have signed an agreement, according to which the majority of the production activities of JOT Automation's Oulunsalo factory will be transferred to Elektronet Oy as of June 4, 2002. The agreement comprises the production, purchase and inventory activities of the Oulunsalo factory, part of the design activities, as well as fixed and current assets relating to them. In connection with the arrangement, 56 employees of JOT Automation Oy will move as exist-ing employees to the employment of Elektronet Oy. The transaction will have a total impact of about 1.6 million euros on the fixed and current assets of the JOT Automation Group.

The other manufacturing units of the Group, located in Kuopio, Estonia, Italy, China and the United States, continue their operations as before.

The arrangement will implement the JOT Automation strategy, according to which the Group will concentrate on managing its customer relations, process management and product development. The Group's emphasis is on testing and assembly systems and the sales of standard equipment through its distribution channels. The outsourcing of the production improves the Group's ability to adapt its operations to rapid market changes.

- With these measures we aim at increasing the flexibility of the manufacture of our products, our service ability and cost efficiency. Metalliset Group, specializing in contract based manufacturing for several technology companies, has good qualifications for manufacturing our products effi-ciently in different market situations. Considering continuity, it is significant that Elektronet Oy has operated as the manufacturing co-operation partner of JOT Automation since 1996, states Pertti Tarvainen, President of the JOT Automation Group Plc.

Elektronet Oy belongs to the Metalliset Group. Elektronet Oy is a manufacturing service company of the electronics industry that provides design, manufacturing and material purchase services. Metalliset Group's total turnover for this year is estimated at about 36 million euros and the number of personnel about 300. The Metalliset Group operates as a contract manufacturer for the Finnish export industry and over 80% of its production is exported. The service entity of the Metalliset Group includes thin sheet products and their surface treatment, machining products, plastic prod-ucts and molds, as well as assembly. In addition to JOT Automation, their customers include, among others, ABB, Kone, KCI Konecranes and Kemppi. In Finland, the Group has operations in Heinävesi, Leppävirta, Mäntyharju, Riihimäki and Nivala, In addition to this, the Group has affiliated companies in the Czech Republic and the United States.

INVITATION TO PRESS CONFERENCE
A press conference will be arranged in the premises of the JOT Automation Group Plc. at the ad-dress: Automaatiotie 1, Oulunsalo, Finland today at 11 a.m.


In Oulunsalo, on May 16, 2002

JOT Automation Group Plc.

Pertti Tarvainen
President