Nordstjernan makes a mandatory public tender offer for all outstanding shares and

NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, IN WHOLE OR IN PART, INTO OR FROM
ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAW INCLUDING AUSTRALIA, THE
HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA,
JAPAN, SOUTH AFRICA, CANADA AND THE UNITED STATES. 



PRESS RELEASE
Stockholm, September 13, 2007


Nordstjernan makes a mandatory public tender offer for all outstanding shares
and options in Salcomp, the offer period will commence on 14 September 2007 


Nordstjernan AB has become on 12 September 2007 obligated, under the Finnish
Securities Markets Act, Chapter 6, Section 10, to launch a mandatory tender
offer for all the remaining shares and securities entitling to its shares
issued by Salcomp Plc (“Salcomp”). 

Nordstjernan offers to acquire through a mandatory public tender offer in
accordance with Chapter 6 of the Finnish Securities Market Act all of the
issued and outstanding shares and option rights in Salcomp Plc which are not
owned by Salcomp or its subsidiaries. The offer period of the tender offer will
commence on Friday 14 September 2007. 

Salcomp has one stock option program commenced in the year 2007 with the option
series of A, B and C. The B and C option rights have not yet been distributed
and they are currently owned by Salcomp's subsidiary. The option rights are not
subject to public trade and the share subscription period according to the
terms and conditions of the option rights has not yet commenced. 

The share offer price for each share validly tendered is € 4.01 in cash and the
offer price for each 2007A option right validly tendered is € 0.98. An offer
price has not been determined for the option rights 2007B and 2007C as they are
owned by Salcomp's subsidiary. As regards the terms of payment and settlement
of the shares and option rights, a reference is made to the attached terms and
conditions. 

The share offer price is the highest price Nordstjernan has paid before the
obligation to launch a mandatory bid was triggered. The volume-weighted average
trading price during the three (3) month period preceding the arising of the
mandatory tender offer duty on the Helsinki Stock Exchange (OMX Nordic Exchange
Helsinki) was € 4.47, during the 12 months preceding the arising of the
mandatory tender offer duty was € 3.36 and the closing price of the shares on
11 September 2007, the last trading day before the arising of the mandatory
tender offer duty, was € 4.16. 

The Finnish Financial Supervision Authority has on 12 September 2007 approved
the tender offer document regarding the mandatory public tender offer for all
the shares and option rights of Salcomp. The terms and conditions of the tender
offer are attached in their entirety to this release. 

The tender offer document will be available in Finnish language from 14
September 2007 onwards at the Glitnir Pankki Oy's branches (the address of the
Helsinki branch is Mikonkatu 1, 00100 Helsinki) and at OMX Way, Fabianinkatu
14, 00130 Helsinki and on the Internet at http://ostotarjous.fim.com from 13
September 2007. 

The acceptance period for the mandatory public tender offer will commence on
Friday 14 September 2007 at 10:00 am Finnish time and expire on Friday 5
October 2007 at 4:30 pm Finnish time unless the offer period is extended. 

Nordstjernan, Stureplan 3, SE-10375 Stockholm, Sweden, is the parent company of
Nordstjernan group of companies. Nordstjernan is a family controlled investment
company founded by Axel Johnson in 1890. Its largest shareholders are the Axel
and Margaret Ax:son Johnson foundations. 



NORDSTJERNAN AB

Tomas Billing
President
Nordstjernan AB

Please refer questions to:
Tomas Billing, President of Nordstjernan, +46 8 788 50 00

Distribution:

Salcomp Plc
Finnish Financial Supervision Authority
OMX Nordic Exchange Helsinki
Key media

ANNEX

THE TERMS AND CONDITIONS OF THE MANDATORY TENDER OFFER

(The following is an unofficial translation of the terms and conditions from
the Finnish language. Should there exist any difference between the Finnish and
English language versions, the Finnish language version shall prevail.
Capitalised terms have the meanings set forth in the tender offer document.) 


Object of the Tender Offer

Through the Tender Offer, the Offeror offers to acquire all of the issued and
outstanding Shares and Option Rights, which are not owned by the Company or its
subsidiaries. The B and C Option Rights pursuant to the Option Program 2007
have not yet been distributed and they are currently owned by the Company's
subsidiary. 


Offer Price

The Share Offer Price for each Share validly tendered and not properly
withdrawn in accordance with the terms and conditions of the Tender Offer is €
4.01 in cash. 

The Option Offer Price for each 2007A Option Right validly tendered and not
properly withdrawn in accordance with the terms and conditions of the Tender
Offer is as € 0.98. An offer price has not been determined for the Option
Rights 2007B and 2007C as they are owned by the Company's subsidiary. 

In case the Shareholders' meeting of Salcomp decides do pay dividend after the
Offer Period has commenced and the record date of the dividend is before the
Settlement Date, the Offer Price shall be reduced by the amount of dividend per
share for each such dividend payment. 


Offer Period

The Offer Period commences on 14 September 2007 at 10:00 am Finnish time and
expires on 5 October 2007 at 16:30 pm Finnish time, unless the Offer Period is
extended or the extended Offer Period discontinued as set forth later. 

The Offeror reserves the right to extend the Offer Period. The maximum duration
of the Offer Period is 10 weeks, unless the applicable law allows a possibility
for an extension. The Offeror will inform of the possible extension of the
Offer Period at the latest on the last day of the Offer Period, i.e. 5 October
2007. Please see the section “Withdrawal of acceptance of the Tender Offer” for
the shareholder's or option holder's right to withdraw the acceptance of the
Tender Offer in case the Offer Period has been extended. 


Acceptance Procedure of the Tender Offer

Glitnir-FIM acts as the manager of the Tender Offer and manages, on behalf of
the Offeror, the sale and purchase of the Shares and Option rights validly
tendered and not properly withdrawn in accordance with the terms and conditions
of the Tender Offer. 

Shares

Book-entry account operators and asset managers will send a notification of the
Tender Offer, including instructions and the relevant acceptance form to their
customers (being shareholders in Salcomp) outside Australia, the Hong Kong
Special Administrative Region of People's Republic of China, Japan, South
Africa, Canada and the United States in case that this is agreed between the
shareholder and his/her book-entry account operator or asset manager or
otherwise. Should a shareholder in Salcomp not receive instructions and
relevant acceptance form from his/her book-entry account operator or asset
manager (for example Finnish Central Securities Depository), the shareholder
may obtain an acceptance form also from Glitnir's offices or from Glitnir-FIM
Customer Service by phone, +358 9 6134 6250. Acceptance form is also available
on the website of Glitnir-FIM, http://ostotarjous.fim.com. Salcomp shareholders
should primarily contact with their own book-entry account operator or asset
manager regarding the tender instructions and acceptance form. Offices of
Glitnir-FIM are located eg. in Tampere, address Hämeenkatu 13 B, 33100 Tampere
and in Helsinki, address Mikonkatu 1 (Kämp Gallery), 00100 Helsinki. Contact
information concerning other Glitnir-FIM offices can be found on Glitnir-FIM's
website, in “FIM Info”. 

A Salcomp shareholder who wants to accept the Tender Offer shall submit an
appropriately completed acceptance form to his/her book-entry account operator
or asset manager in accordance with their instructions. In case the own
book-entry account operator or asset manager of shareholder in Salcomp (for
example Finnish Central Securities Depository) will not take the acceptance
forms, the shareholder may, alternatively, return the form by mail to the
following address: Glitnir Bank Oy, back office, Pohjoisesplanadi 33 A,
FI-00100 Helsinki. The Offeror reserves the right to reject any incorrectly,
partially or deficiently completed acceptance forms or those received in
envelopes stamped in Australia, the Hong Kong Special Administrative Region of
People's Republic of China, Japan, South Africa, Canada or the United States,
or those that the Offeror will otherwise assume to have been sent from
Australia, the Hong Kong Special Administrative Region of People's Republic of
China, Japan, South Africa, Canada or the United States. 

Delivery of acceptance forms and other required documents is in responsibility
and at the risk of the shareholder in Salcomp, and these documents are assumed
to be returned only when they have been received by the applicable book-entry
account operator, asset manager or Glitnir-FIM. Sufficient time should be
reserved for the delivery of the documents, and the instructions given by the
respective book-entry account operator or asset manager of each shareholder
should be followed. 

The acceptance form and other required documents shall be delivered by 4.30
p.m. (Finnish time) on the last day of the Offer Period or the extended Offer
Period. The book-entry account operators or asset managers may ask shareholder
in Salcomp to return the acceptance form by an earlier time and date. 

A Salcomp shareholder, whose Shares are registered in the name of a nominee (or
other custodial institution) and who wants to accept the Tender Offer, shall
give his/her acceptance according to the instructions given by his/her nominee.
The Offeror shall not send the acceptance forms or other documents related to
the Tender Offer to these shareholders in Salcomp. 

Each acceptance is deemed to be validly submitted only until all relevant
documents concerning the acceptance of the Tender Offer have been delivered to
book-entry account operator or Glitnir-FIM by the end of the Offer Period. 

A shareholder who has pledged his/her Shares may only accept the Tender Offer
with the consent of the pledgee. The pledgee's consent shall be furnished to
the book-entry account operator in writing. 

The Tender Offer cannot be accepted on the Internet of through the customer
service of Glitnir-FIM. 

A Salcomp shareholder, who have accepted the Tender Offer shall not transfer or
otherwise dispose the Shares on which the Tender Offer have already been
accepted.  A transfer restriction or a sales reservation concerning the Shares
on which the Tender Offer have been accepted shall be subscribed or marked on
the relevant book-entry account after a book-entry account operator, asset
manager or Glitnir-FIM have received the acceptance of the Tender Offer by a
Salcomp shareholder. During the Tender Offer the transfer restriction or sales
reservation can be withdrawn only with a permission of the Offeror. 

Acceptance of the Tender Offer is binding and irrevocable. However, the
acceptance of the Tender Offer may be withdrawn during any extended Offer
Period before the end of the extended Offer Period (see later “Withdrawal of
acceptance of the Tender Offer”). Acceptance of the Tender Offer has to be
given with respect to a specified book-entry account, and it encompasses all
the Shares on the book-entry account of the Salcomp shareholder mentioned on
the acceptance form at the time of the registration of the transfer restriction
or sales reservation with respect to the Shares in connection with the
acceptance. However, the Offeror has a right to decide to validly receive and
accept also an improperly or partially given acceptance of the Tender Offer. If
a Salcomp shareholder acquires additional Shares after the registration of a
transfer restriction or sales reservation and wishes to accept the Tender Offer
regarding such Shares, the shareholder shall accept the Tender Offer regarding
these Shares separately and deliver the acceptance form to his/her book-entry
account operator, asset manager or Glitnir-FIM. A shareholder, who has accepted
the Tender Offer pursuant the terms and conditions of the Tender Offer, and who
has not withdrawn his/her acceptance, may not sell or otherwise dispose of the
Shares, with respect to which the Tender Offer has been accepted. By returning
the acceptance form, a Salcomp shareholder authorizes Glitnir-FIM, the
shareholder's asset manager or book-entry account operator managing the
shareholder's book-entry account information to register a transfer restriction
or sales reservation in respect of the Shares on his/her book-entry account as
well as other necessary entries and undertake other technical actions necessary
in order to sell the Shares to the Offeror and account the Offer Price pursuant
to these terms and conditions. The sale and purchase of the Shares in
connection with the Tender Offer will be effected in accordance with section
“Terms of Payment and Settlement of Shares” below. 


Shares that have not been transferred into the book-entry system

In order to tender the Shares that have not been transferred to the book-entry
system, the relevant shareholder shall, prior to tendering such Shares,
transfer them to the book-entry system through the shareholder's own account
operator or asset manager. The shareholder of such Shares must in this context
convey the share certificates evidencing such Shares and present evidence of
title to such Shares. 


Option rights

Pursuant to the terms and conditions of the Option Program, the Option Rights
are prior to the subscription period transferable only on the consent of the
Board of Directors of the Company. 

According to the information received by the Offeror and the manager of the
Tender Offer the Option Rights have not been transferred to the book-entry
system. Due to this fact Glitnir-FIM and Salcomp have agreed that Glitnir-FIM
mails, via the Company and by assistance of the Company, to the option holders
outside Australia, the Hong Kong Special Administrative Region of People's
Republic of China, Japan, South Africa, Canada and the United States
information on the Tender Offer, instructions to tender as well as an
acceptance forms. Should a Salcomp option holder not receive these instructions
and the acceptance form via the Company, the option holder may obtain an
acceptance form also from Glitnir's offices or from Glitnir-FIM Customer
Service by phone, +358 9 6134 6250. Acceptance form is also available on the
website of Glitnir-FIM, http://ostotarjous.fim.com. 

A Salcomp option holder who wishes to accept the Tender Offer shall submit an
appropriately completed acceptance form by mail to the following address:
Glitnir Bank Oy, back office, Pohjoisesplanadi 33 A, FI-00100 Helsinki. The
Offeror reserves the right to reject any incorrectly, partially or deficiently
completed acceptance forms or those received in envelopes stamped in Australia,
the Hong Kong Special Administrative Region of People's Republic of China,
Japan, South Africa, Canada or the United States, or those that the Offeror
will otherwise assume to have been sent from Australia, the Hong Kong Special
Administrative Region of People's Republic of China, Japan, South Africa,
Canada or the United States. 

Delivery of acceptance forms and other required documents is in responsibility
and at the risk of the option holder of Salcomp, and these documents are
assumed to be delivered only when they have been received by Glitnir-FIM.
Sufficient time should be reserved for the delivery of the documents and the
instructions given by Glitnir-FIM should be followed. 

The acceptance form and other required documents shall be delivered by 4.30
p.m. (Finnish time) on the last day of the Offer Period or the extended Offer
Period. 

The acceptance of the Tender Offer is deemed validly submitted only until all
required documents concerning the acceptance of the Tender Offer have been
delivered to Glitnir-FIM by the end of the Offer Period. 

Acceptance procedure of the Option Rights is otherwise taking place according
to the terms and conditions said in respect of Shares above, as applicable. 


Withdrawal of acceptance of the Tender Offer

Acceptance of the Tender Offer is binding and irrevocable unless otherwise
regulated according to applicable legislation. However, the acceptance of the
Tender Offer may be withdrawn during any extended Offer Period before the end
of the extended Offer Period. In case the Offer Period has been extended, a
valid acceptance of the Tender Offer in accordance with the terms and
conditions of the Tender Offer may be withdrawn any time during the extended
Offer Period, i.e. after the expiry of the original Offer Period (on October 5,
2007) but prior to the expiry of the extended Offer Period. 

Should the Offeror supplement the Tender Offer Document, a party who has
accepted the Tender Offer may be entitled to withdraw his/her acceptance. The
Finnish Financial Supervision Authority shall consider the need of right of
withdrawal separately in connection with each supplement. 

The proper withdrawal of an acceptance of the Tender Offer requires that a
written notice of withdrawal is submitted to the same book-entry account
operator or asset manager to which the original acceptance form was delivered.
In case of holdings that are registered in the name of a nominee, the
shareholder shall instruct the nominee to submit the notice of withdrawal. In
connection with withdrawing an acceptance the instructions given by the
relevant book-entry account operator, asset manager or nominee are to be
complied with. 

Each book-entry account operator, asset manager or nominee is entitled to
charge a fee for withdrawals in accordance with its pricelist. 

If a Salcomp shareholder properly withdraws the acceptance of the Tender Offer,
the transfer restriction or the sales reservation in respect of the Shares will
be removed from the book-entry account of the Salcomp shareholder on or about
the third (3rd) banking day following delivery of the withdrawal of the
acceptance of the Tender Offer to the book-entry account operator, asset
manager or nominee. 

Withdrawn Shares may be re-tendered by following the acceptance procedures
described in section ”Acceptance Procedure of the Tender Offer” any time prior
the expiry of the extended Offer Period. 



Announcement of the Result of the Tender Offer

The Offeror will announce the preliminary result of the Tender Offer on or
about the first (1st) Finnish banking day following the expiry of the Offer
Period or, if applicable, the extended Offer Period, and will announce the
final result on or about the third (3rd) Finnish banking day following the
expiry of the Offer Period or, if applicable, the extended Offer Period. The
announcement of the final result will confirm the percentage of the Shares and
Option Rights in proportion to all shares of the Company that have been validly
tendered and not properly withdrawn. 


Terms of Payment and Settlement of Shares

The sale and purchase of the Shares validly tendered and not properly withdrawn
in accordance with the terms and conditions of the Tender Offer will be
executed on the closing date, which shall be no later than third (3) Finnish
banking days following the expiry of the Offer Period, or if the Offer Period
has been extended, the expiry of the extended Offer Period. The sale and
purchase of the Shares will take place on the Helsinki Stock Exchange to the
extent possible. The Offeror will pay the Finnish transfer tax, if any, payable
on the sale and purchase of the Shares. 

Settlement will be effected on or about the third (3rd) Finnish banking day
following the aforementioned closing date (the “Settlement Date”). The payment
of the Share Offer Price will be deposited on the Settlement Date into the bank
account connected to the shareholder's book-entry account or, in the case of
shareholders whose holdings are registered in the name of a nominee, into the
bank account specified in the acceptance form. If the bank account of a
tendering shareholder is with a different banking institution than such
holder's book-entry account, the Share Offer Price will be paid, in accordance
with the schedule of money transactions between banking institutions, to the
shareholder's bank account so that it is on the shareholder's bank account
approximately two (2) Finnish banking days following the Settlement Date, at
the latest. 

The Offeror reserves the right to postpone the payment of the Share Offer Price
if payment is prevented or suspended due to a force majeure event, but shall
effect such payment once the force majeure event preventing or suspending
payment is resolved or ceased to exist. 


Terms of Payment and Settlement of Option Rights

The sale and purchase of the Option Rights validly tendered and not properly
withdrawn in accordance with the terms and conditions of the Tender Offer will
be executed approximately no later than six (6) Finnish banking days following
the expiry of the Offer Period. 

Settlement will be effected on the same day as the sale and purchase of the
Option Rights validly tendered and not properly withdrawn, i.e. no later than
six (6) Finnish banking days following the expiry of the Offer Period (“Option
Right Settlement Date”). 

The payment of the Option Right Offer Price will be deposited on the Option
Right Settlement Date into the bank account specified in the acceptance form.
If the bank account of a tendering Option Right holder is with a different
banking institution than such holder's book-entry account, the Option Right
Offer Price will be paid, in accordance with the schedule of money transactions
between banking institutions, to the Option Right holder's bank account so that
it is on the Option Right holder's bank account approximately two (2) Finnish
banking days following the Option Right Settlement Date, at the latest. 

The Offeror reserves the right to postpone the payment of the Option Right
Offer Price if payment is prevented or suspended due to a force majeure event,
but shall effect such payment once the force majeure event preventing or
suspending payment is resolved or ceased to exist. 


Transfer of Ownership

Title to the Shares and Option Rights validly tendered and not properly
withdrawn in the Tender Offer will pass to the Offeror on the Settlement Date
against the payment of the Share Offer Price or Option Right Offer Price. 


Transfer tax and other payments

The Offeror will pay the Finnish transfer tax, if any, payable on the sale and
purchase of the Shares. The Company shareholders considering accepting this
Tender Offer are encouraged to consult tax advisors for more detailed
information on other possible tax implications related to the ownership and
disposal of the Shares and Options. 

Possible fees charged by book-entry account operators, in accordance with their
agreement with the shareholder or Option Right holder, relating to the possible
transfers to the book-entry system of the Shares that have not been transferred
to the book-entry system, as well as fees charged by book-entry account
operators, asset managers, nominees or any other person for registering the
release of pledges or other possible restrictions preventing a sale of the
relevant Shares, will be borne by each shareholder. Respectively, possible fees
relating to the release of the restrictions preventing a sale of the relevant
Option Right will be borne by the holders of the Option Rights. 

The Offeror shall be responsible for other customary fees relating to
book-entry registrations required for the purposes of the Tender Offer, the
sale and purchase of the Shares and Option Rights tendered under the Tender
Offer or the payment of the Share Offer Price or the Option Right Offer Price 


Restrictions to make the Tender Offer

The Tender Offer is not being made directly or indirectly in any jurisdiction
where prohibited by applicable law and the Tender Offer Document and related
acceptance forms are not and may not be distributed, forwarded or transmitted
into or from any jurisdiction where prohibited by applicable law by any means
whatsoever including, without limitation, mail, facsimile transmission, e-mail
or telephone. The Tender Offer cannot be accepted by any such use, means or
instrumentality or from within Australia, the Hong Kong Special Administrative
Region of the People's Republic of China, Japan, South Africa, Canada or the
United States. 





Other issues

The Offeror reserves the right to amend the terms and conditions of the Tender
Offer in accordance with Chapter 6, Section 7 of the Securities Market Act. 

The Offeror shall have sole discretion to determine all other issues relating
to the Tender Offer, subject to the requirements of applicable law. 

Under the Securities Markets Act, Chapter 6, Section 13, if the Offeror or any
party referred to in Chapter 6, Section 10, Subsection 2 acquires, before the
expiry of the Offer Period, Shares or Option Rights at a higher price than the
Share Offer Price or the Option Offer Price or otherwise on terms that are more
favorable than those of the Tender Offer, the Offeror must amend the terms and
conditions of the Tender Offer to correspond to this acquisition on more
favorable terms (obligation to increase the offer). 

In addition, if the Offeror or any party referred to in Chapter 6, Section 10,
Subsection 2 acquires, during the nine (9) months following the expiry of the
Offer Period, Shares or Option Rights at a higher price than the Share Offer
Price or the Option Offer Price or otherwise on terms that are more favorable
than those of the Tender Offer, the Offeror must compensate those holders of
securities who have accepted the Tender Offer for the amount equal to the
difference between the acquisition on more favorable terms and the
consideration offered in the Tender Offer (obligation to compensate).