PKC Group Oyj STOCK EXCHANGE RELEASE 5 May 2008 9.00 a.m. PKC GROUP STARTS CO-DETERMINATION NEGOTIATIONS IN FINLAND In order to safeguard the PKC Group's future and ensure competitiveness in the tight global competition, it is necessary to improve efficiency and reorganise operations. As part of the streamlining measures, PKC Group Oyj initiates co-determination negotiations in its unit in Kempele due to financial and production reasons and the restructuring of operations. The negotiations may lead to lay-offs of 50 persons in the white collar personnel groups. Negotiations will commence on May 14, 2008 and they are expected to last about six weeks. PKC Group Oyj Harri Suutari President & CEO For additional information, contact Harri Suutari, President & CEO, PKC Group Oyj, + 358 400 384 937 Sami Klemola, CFO, PKC Group Oyj, + 358 20 175 2362 Distribution OMX Nordic Exchange Helsinki Main media www.pkcgroup.com The PKC Group offers design and contract manufacturing services for wiring harnesses, cabling and electronics. The Group has production facilities in Finland, Brazil, China, Mexico, Estonia and Russia, and employs over 5,300 people. The Group's net sales in 2007 totalled EUR 288.6 million. PKC Group Oyj is listed on the OMX Nordic Exchange Helsinki.