FINLAND - EQT's Salcomp commences trading on Helsinki's Pre-List

The board of directors of Salcomp and the selling shareholders have decided to sell a total of 17,000,000 Salcomp in the combined share issue and share sale. In addition, the lead manager has over-allotted a total of 1,888,120 shares to investors. The subscription and offer price has been set at EUR 3.20, corresponding to a market capitalisation of approximately EUR 125m for the entire company.

The offering, including the over-allotment made, comprises a total of 18,888,120 shares or approximately 48% of the share capital and votes, valuing the complete offering at approximately EUR 60m. After the offering, the total number of shares in Salcomp amount to 38, 975,190.

EQT, which invested in Salcomp in 1999, owned around 92% of the share capital prior to the offering. Following the offering, but prior to exercise of the over-allotment option, EQT will own approximately 52% of the shares.

Salcomp is a global developer and manufacturer of mobile phone chargers. In 2005, the net sales of the company were approximately EUR 156m and the operating profit was approximately EUR 12.5m. Salcomp has some 6,300 employees.

Trading in Salcomp shares on the Main List of the Helsinki Stock Exchange will commence on or around 17 March 2006.

Mandatum was lead manager and bookrunner for the offering and Hannes Snellman acted as legal advisor to Salcomp and the selling shareholders.

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