Efore - Company Announcement

EFORE PROCEEDS ACCORDING TO STRATEGY AND SELLS ITS ASSOCIATED COMPANY IN GERMANY

Finland, 2011-06-01 08:00 CEST (GLOBE NEWSWIRE) --  EFORE PLC    Stock Exchange
Release     June 1, 2011   at 9.00 a.m. 


EFORE PROCEEDS ACCORDING TO STRATEGY AND SELLS ITS ASSOCIATED COMPANY IN GERMANY

Efore Plc focuses further on its selected target markets; telecommunication,
industrial power electronics and power products for electric vehicles and has
sold its 25% holding in Power Innovation Stromversorgungstechnik GmbH on May
31, 2011. 

This arrangement has no effect on the result of operating activities but it
will improve Efore Group's third quarter net result by EUR 0,8 million. 

The arrangement will be completed during the current fiscal year.

EFORE PLC

Vesa Vähämöttönen
President and CEO

For further information please contact Mr. Vesa Vähämöttönen, President and
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 in Estonia. Efore is present also in Sweden. In
the fiscal year ending in October 2010, consolidated net sales totaled EUR 69,7
million and the Group's personnel averaged 821. The company's share is quoted
on the Nasdaq OMX Helsinki Ltd. 

www.efore.com




         Vesa Vähämöttönen, President and CEO, tel. +358 9 4784 6312