Vacon - Company Announcement

Vacon applies for delisting of its shares

Vacon Plc, Stock Exchange Release, 2 April 2015 at 9.30 a.m. (EET)

The Board of Directors of Vacon Plc ("Vacon") has decided to apply for the
termination of trading in Vacon shares and the delisting of shares from NASDAQ
OMX Helsinki Ltd ("NASDAQ OMX Helsinki"). In the application to be submitted to
NASDAQ OMX Helsinki, Vacon will request that the delisting take effect as soon
as possible after Oy Danfoss Ab has acquired the entire share capital of Vacon.

Oy Danfoss Ab owns 98.78% of the Vacon shares and the votes conferred by the
shares. In accordance with Chapter 18 of the Limited Liability Companies Act, Oy
Danfoss Ab has instituted proceedings for the redemption of minority shares to
obtain the remaining Vacon shares held by minority shareholders.

The Redemption Committee of the Central Chamber of Commerce has established a
three-member arbitral tribunal to resolve any disputes concerning the right of
redemption and the redemption price of the Vacon shares held by parties other
than Oy Danfoss Ab.

VACON PLC

Further information:

  * Sebastian Linko, Director, Corporate Communications and Investor Relations,
    +358 (0)40 8371 634, sebastian.linko(at)vacon.com

Vacon in brief

Vacon is driven by a passion to develop, manufacture and sell the best AC drives
and inverters in the world - and provide customers with efficient product
lifecycle services. Our AC drives offer optimum process control and energy
efficiency for electric motors. Vacon inverters play a key role when energy is
produced from renewable sources. Vacon has production and R&D facilities in
Europe, Asia and North America, and sales offices in 31 countries. Further,
Vacon has sales representatives and service partners in nearly 90 countries. In
2014, Vacon's revenues amounted to EUR 409.4 million, and the company employed
globally approximately 1,600 people. The shares of Vacon Plc (VAC1V) are quoted
on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki). Vacon is
part of Danfoss Group.

Driven by Drives, www.vacon.com

Distribution:

NASDAQ OMX Helsinki
Financial Supervisory Authority
Main media


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