EVOX RIFA GROUP OYJ STOCK EXCHANGE BULLETIN on July 5, 2001 at 15:00 p.m.

EVOX RIFA STARTS CAPACITOR PRODUCTION IN CHINA

Evox Rifa and the Chinese Jianghai Capacitor Factory have concluded an agreement to start a joint venture specializing in the production of electrolytic capacitors. In two years’ time the parties will invest in total approximately EUR 4 million in the joint venture in which Evox Rifa has 80 percent holding. The JV is expected to reach a yearly sales of EUR 20 million.

The new joint venture supports Evox Rifa’s growth strategy and is expected to improve Evox Rifa’s competitiveness and financial result during the second year after the start up of production. Finnfund (The Finnish Fund for Industrial Cooperation Ltd.)is the main funder of this transaction.

Production is expected to start up gradually in the first quarter of 2002. The company will lease a 2,000 square meter production space in Nantong, near Shanghai. The new plant will utilize Evox Rifa’s and Jianghai’s technological know-how in the manufacture of snap-in and screw terminal capacitors.

Mr. Björn Rundlöf is appointed Managing Director of the newely established joint venture. He has been in various positions from R & D to factory management for the last 30 years at Evox Rifa and is currently R & D manager at Evox Rifa’s plant in Gränna, Sweden.

Jianghai is the biggest capacitor manufacturer in China with an annual output of 2 billion pieces. Jianghai has long worked in close cooperation with some well-known Japanese companies in the electronics industry. It’s products are sold to the most prominent electronic equipment manufacturers in China and are also exported to Europe and the United States.

Evox Rifa designs, manufactures and markets globally capacitor solutions to key industrial sectors in which the need of passive components is continuously growing. Key sectors are telecommunications, automotive electronics, industrial electronics and consumer electronics. The company concentrates on plastic film and paper as well as electrolytic capacitors. The strength of Evox Rifa is developing special solutions in close cooperation with customers.

Evox Rifa Group Oyj was listed on Helsinki Exchanges in the autumn of 2000.

EVOX RIFA GROUP OYJ

Harri Launonen
President

For further information, please contact:

Evox Rifa Group Oyj
Harri Launonen
President
tel. +358 9 5406 5001
e-mail: harri.launonen@evoxrifa.com

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