Efore - Major shareholder announcements

NOTIFICATION ACCORDING TO CHAPTER 9, SECTION 10 OF THE SECURITIES MARKETS ACT

Espoo, Finland, 2014-10-30 16:00 CET (GLOBE NEWSWIRE) -- Efore Plc       Stock
Exchange Release   October 30, 2014  5:00 p.m. 



Efore Plc has today received a notification of change in holdings in accordance
with Chapter 9, Section 5 of the Finnish Securities Markets Act as follows: 

The share of Sievi Capital Plc of the total number of shares and voting rights
in Efore Plc has exceeded 20 per cent on 30 October 2014. 

Reason for the flagging notification: share transaction

The shareholding and voting rights of Sievi Capital Plc following the share
transaction: 
Number of shares: 11,933,576 shares
Share of total number of shares and voting rights: 21.40%

The calculation basis for the flagging is the total number of Efore Plc shares.
The number of Efore Plc shares and voting rights totals 55,772,891. 

Sievi Capital Plc's business ID is 0190457-0.


EFORE PLC

Vesa Vähämöttönen
President and CEO

For further information, please contact Mr Vesa Vähämöttönen, CEO, tel. +358 9
4784 6312. 

DISTRIBUTION

NASDAQ OMX Helsinki Oy
Principal media

Efore Group


Efore Group is an international company which develops and produces demanding
power products. Efore's head office is based in Finland and its production
units are located in China and Tunis. Sales and marketing operations are
located in Europe, United States and China. In the fiscal year ending in
December 2013, consolidated net sales totalled EUR 82.5 million and the Group's
personnel averaged 836. The company's share is quoted on the Nasdaq OMX
Helsinki Ltd. www.efore.com