PERLOS CORPORATION PRESS RELEASE MAY 22, 2007 Perlos' negotiations with other companies on the possibility of continuing parts of its production operations in North Karelia have now been concluded, as Perlos has signed a sales agreement on its Special Products and Connectors businesses with Valukumpu Ltd, a company specialising in injection moulding and tool manufacture. According to a current estimate, a minimum of 56 Perlos employees will be employed as a result of the deal. The estimated net sales of these businesses were approximately EUR eight million for 2007. After concluding the co-determination negotiations concerning its Finnish operations in March, Perlos announced it was looking for potential continuators for three of its business lines in North Karelia. As a result of this process, the assembly automation business was sold to Mecania Oy in March and the injection moulding business to Gritech Oy in April. With the current conclusion of the Special Products and Connectors deal, a minimum of 109 Perlos employees have been employed as a result of these divestments. In addition to the abovementioned deals, Perlos is still in talks with other companies concerning, among other things, the possibility of expanding their operations into Perlos' premises and employing Perlos personnel. More detailed information on these projects and their employment effects will be released when potential agreements have been signed. PERLOS CORPORATION Further information on May 22, 2007 at 10.00 - 12.00 Finnish time: Perlos Corporation Esa Vuorinen Senior Vice President, Human Resources Tel. +358 50 428 0123 Perlos in Brief Perlos Corporation is a global design and manufacturing partner for the telecommunications and electronics industry. The service offering covers the whole product life cycle from product design to manufacturing, logistics and new product versions. The production facilities are located in Asia, Europe and North and South America and the company is headquartered in Finland. Valukumpu in Brief Valukumpu Ltd is a company specialising in the injection moulding of technical plastic parts and the manufacture of tools. The company's plastic production and assembly plant is located in Outokumpu and its tools factory in Joensuu.