S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s SCANFIL PLC’S ANNUAL GENERAL MEETING HARRI TAKANEN PRESIDENT

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s YEAR 2007 Implementation of the chosen strategy was successful and profitability retained at a satisfactory level. The Company’s excellent financial position is the result of Scanfil’s cost-efficient operations, competitiveness and good service competence. In the industrial electronics products market, both the volume of production and the sales continued to grow steadily throughout the year. Global mega trends have had a positive effect on the markets where Scanfil's industrial electronics customers operate. In 2007, the telecommunications network products market was characterised by corporate restructurings implemented by large players in the field. These affected the operations of contract manufacturers of network products. Telecommunications customers accounted for about 69 (72)% and industrial electronics customers for about 31 (28)% of the turnover. The reorganisation of operations in Finland was completed during the year, and the operations in Finland were concentrated in Sievi and Vantaa. All the resources assigned to the reorganisation of operations in Finland were released and engaged in business development again by the end of the year. Scanfil plc’s Belgian subsidiary Scanfil N.V. sold its plant site in Belgium and n Finland, Scanfil plc sold its Äänekoski plant site.

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s SCANFIL OYJ FINLAND - main office - 3 factories 3 factories - integrated enclosure integrated enclosure systems - equipment racks equipment racks - electronic modules electronic modules - backplanes backplanes - test systems test systems -engineeringengineering SCANFIL OÜ ESTONIA, PÄRNU - electronic modules - backplanes backplanes - cable assemblies cable assemblies - integration SCANFIL (SUZHOU) CO.,LTD. CHINA, SUZHOU - electronic modules - backplanes backplanes - cable assemblies cable assemblies - integrated cabinets SCANFIL (HANGZHOU) CO.,LTD. CHINA, HANGZHOU - sheet metal mechanics - integrated enclosure integrated enclosure systems - equipment racks SCANFIL KFT HUNGARY, BUDAPEST - sheet metal mechanics - integrated enclosure integrated enclosure systems - equipment racks

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Turnover annually FASIFRS

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Operating profit annually 35,0 32,3 FASIFRS

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Turnover and –operating profit % quarterly 2007

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Turnover geographically

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Sales geographically

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Personnel Total Total 2073

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Earnings / share and dividend / share

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Equity ratio FASIFRS

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Return on investment FASIFRS

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Gearing FASIFRS

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Cash flow after investments FASIFRS

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Rate development and exchange The highest share price was EUR 2.49, the lowest EUR 1.92 and the share price at the end of the period EUR 1.95

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Share ownership Major share holdersBreakdown of share ownership by owner category

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Future prospects Demand in the industrial electronics sector is expected to continue growing in In addition, negotiations are in progress with potential new customers in the industrial electronics sector. The growth of the telecommunications equipment market is generally estimated to remain very low in Turnover from telecommunications equipment supplied by Scanfil is expected to remain unchanged from year-end Scanfil expects its turnover in 2008 to be about the same as in Profitability for the full year is estimated to be at a satisfactory level. However, market predictability is still poor. The Company’s good financial position provides an opportunity to actively seek various means and arrangements that will put Scanfil’s operations back on a growth track.

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s SCANFIL PLC’S ANNUAL GENERAL MEETING JORMA J. TAKANEN CHAIRMAN OF THE BOARD

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s The Board of Scanfil Oyj proposes the transfer of the contract manufacturing business with a business transfer to Scanfil EMS Oy The purpose of the procedure is to ease company reorganization and to manage finances efficiently and profitably by spreading risks and to search for new growth possibilities. The objective is to earn a higher than market average return on invested capital. Advance ruling from the Large Taxpayers’ Office has been applied for for the business transfer. Large Taxpayers’ Office stated that the transfer has no effect on taxation. This procedure does not have any special personnel effects. All employee contracts will continue on current terms. Transfer of business to Scanfil EMS Oy

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s The company has been registered in the Trade Register as of March 12, 2008, share capital € The company intends to operate as the parent company of the contract manufacturer businesses. The companies in China, Hungary and Estonia would become subsidiaries of Scanfil EMS Oy. Scanfil EMS Oy

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s SCANFIL PLC Scanfil Oü Scanfil (Suzhou) Co.,Ltd Scanfil Kft Scanfil (Hangzhou) Co.,Ltd Scanfil NV Scanfil EMS Oy Contract manufacturing Group new company/ associated company New Group structure

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s All the assets and debts of Scanfil plc’s contract manufacturing business will transfer at the bookkeeping value to Scanfil EMS Oy will transfer to Scanfil EMS Oy: – immaterial rights – machines and equipment –shares of the China, Hungary and Estonia subsidiaries – current assets/inventory – short term receivables and debts except for the ones associated with the company in Belgium (Scanfil NV) Scanfil plc will retain: – the building it owns – Scanfil NV’s shares, the company has no production operations – assets that are not related to the actual business, mainly financing assets/equity Property/assets to transfer

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Next three slides show, how the balance sheet of Scanfil plc and Scanfil EMS Oy would look like, if the business transfer was executed on the basis of 31 December 2007 figures.

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Balance sheet, EUR 1000 Figures are as an example

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Balance sheet, EUR 1000 Figures are as an example

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s Balance sheet, EUR 1000 Figures are as an example

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s A tax neutral business transfer requires the transfer of assets, debts and reserves according to business tax law. The business entity must transfer all the above mentioned items in the business transfer to the continuing company at a value of the receiving company’s new share issue of bookkeeping value. Scanfil EMS Oy makes a share issue directed for Scanfil Oyj The share subscription price is the difference of the transferred assets and debts. If the business transfer would be realized based on the balance sheet of Dec 31, 2007, the share issue of the subsidiary would be about 87 million euros. Share issue of the subsidiary

S o l u t i o n s f o r T e l e c o m m u n i c a t i o n s & I n d u s t r i a l E l e c t r o n i c s After the business transfer, Scanfil EMS Oy’s balance sheet will be too ”strong”, the equity ratio will be over 80% The targeted equity ratio is about 40 % Lightening of the balance sheet can be realized by having Scanfil EMS Oy return/refund the invested capital to Scanfil Oyj by reducing equity or reducing the ”free” equity fund according to the corporate law. It will be possible to refund the capital during 2009 Scanfil EMS Oy’s equity