Vacon - Notice to general meeting

Notice of Annual General Meeting of Vacon Plc

Vacon Plc, Stock exchange release, 29 February 2008 at 12.00 p.m.:
The shareholders of Vacon Plc are invited to attend the Annual
General Meeting of Shareholders scheduled at 3 p.m. on Wednesday 26
March 2008. The meeting will be held at Vacon Plc's headquarters at
the address Runsorintie 7, 65380 Vaasa, Finland.

The following matters will be on the agenda:

1. The matters referred to in Article 9 of the Articles of
Association and Chapter 5, Section 3 of the Companies Act

2. Proposal of the Board of Directors to authorize the Board of
Directors to resolve to repurchase the company's own shares

The Board of Directors proposes that the Annual General Meeting of
Shareholders authorizes the Board of Directors to use the company's
non-restricted equity to repurchase a maximum of 1,529,500 own
shares. The maximum number of shares that can be repurchased
corresponds to ten (10) percent of the total number of shares in the
company.

The shares will be repurchased in deviation from the shareholders'
pre-emptive rights (directed repurchase of shares) as the repurchase
of shares is executed by purchasing shares through public trading.
Shares can be repurchased by the company at the market price
prevailing at the time of the repurchase through such public trading.

Shares can be repurchased for the purpose of developing the capital
structure of the company, implementing incentive programs for the
company's key personnel, paying salaries or fees, financing of
potential corporate acquisitions or other transactions or for such
other purposes as the Board of Directors decides. The Board of
Directors shall be authorized to decide on the manner and other
conditions for the repurchase of the company's own shares.

The authorization shall be valid for eighteen (18) months as of the
date of the decision of the Annual General Meeting of Shareholders.
The authorization cancels the authorization of the Board of Directors
given by the Annual General Meeting of Shareholders on 28 March 2007
regarding the right to repurchase the company's own shares.

Documents on display for public inspection
Copies of the financial statements and the above mentioned proposals
of the Board of Directors will be available for shareholders to view
as of Wednesday 19 March 2008 on Vacon Plc's web site
(www.vacon.com). Copies of the documents will be sent to the
shareholders upon request.

Composition and fees of the Board of Directors
The Board of Directors proposes, based on the proposition of the
company's Remuneration and Nomination Committee, that the number of
members of the Board of Directors be confirmed as seven (7) an that
Pekka Ahlqvist, Jari Eklund, Kalle Heikkinen, Mauri Holma, Jan Inborr
and Veijo Karppinen are re-elected as members of the Board of
Directors and that professor, PhD. (econ.) Riitta Viitala is elected
as new member of the Board of Directors. All the proposed persons
have given their consent to the duty. The proposal of the Board of
Directors is also supported by shareholders representing more than
ten (10) per cent of the votes in the company.

The proposed new member of the Board of Directors, PhD. (econ.)
Riitta Viitala, has acted as professor of the Department of
Management at the University of Vaasa as of year 2006 and as head of
the department in question as of August 2007. Viitala is currently a
member of the Board of Directors of Vaasan Sähkö Oy and Vaasa Oy as
well as a member of the advisory board of the State Treasury.

The Board of Directors proposes, based on the proposition of the
company's Remuneration and Nomination Committee, that the basic fee
of the members of the Board of Directors shall be EUR 1,250 a month
and that an additional fee of maximum EUR 2,500 shall be paid to the
members of the Board of Directors. The additional fee is determined
based on the development of the company's turnover and operating
profit for the fiscal year 2008. It is proposed that the Chairman of
the Board of Directors is paid twice the basic fee and the additional
fee of the members of the Board of Directors.

Auditor
The Board of Directors proposes that the current auditor of the
company, KMPG Oy Ab, is re-elected as auditor of the company.

Right to attend
Attendance at the Annual General Meeting of Shareholders is open to
shareholders who by 16 March 2008 have been entered as shareholders
in the company's Shareholders' Register, which register is kept by
the Finnish Central Securities Depository Ltd. Holders of nominee
registered shares intending to attend and vote at the Annual General
Meeting of Shareholders shall notify their custodian well in advance
of their intention and comply with the instructions provided by the
custodian. Holders of nominee registered shares can be temporarily
recorded in the Shareholders' Register so that the recording is
effective on 16 March 2008. The registration must be in place on 16
March 2008.

Notification of participation
A shareholder, who in view of the above, is entitled to attend the
Annual General Meeting of Shareholders and who wishes to use his/her
voting right at the Annual General Meeting of Shareholders shall
register no later than on Wednesday 19 March 2008 at 4.00 p.m.
Finnish time. A shareholder can register by sending a letter to Vacon
Plc, Johanna Koskinen, Runsorintie 7, FI - 65380 Vaasa or by
telephone +358 201 212 528 or by telefax +358 201 212 208 or by
e-mail at the address johanna.koskinen@vacon.com. The registration
shall be received by Vacon Plc prior to the expiration of the
registration period. Any proxy, by which the holder of the proxy
wishes to exercise his/her voting right at the meeting should be
submitted to Vacon Plc before the expiration of the registration
period.

Dividend
The Board of Directors has decided to propose to the Annual General
Meeting of Shareholders that a dividend of EUR 0.75 per share shall
be paid for the fiscal year 2007. The dividend will be paid to
shareholders who have been entered as shareholders in the company's
Shareholders' Register, which is kept by the Finnish Central
Securities Depository Ltd, by the dividend record date 31 March 2008.
The dividend will be paid on 7 April 2008.

Vaasa, 29 February 2008

VACON PLC

Board of Directors

For more information please contact:
Mr. Vesa Laisi, President and CEO, Vacon Plc, Phone +358 40 837 1510

Distribution:
Financial Supervision Authority
OMX Nordic Exchange Helsinki
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