Efore - Company Announcement

EFORE SHALL START TO ACQUIRE ITS OWN SHARES

Éspoo, 2012-04-02 14:15 CEST (GLOBE NEWSWIRE) -- EFORE PLC        Stock
Exchange Release   April 2, 2012   3.15 p.m. 

The Board of Directors of Efore Plc has decided to acquire in one or several
tranches an aggregate maximum of 1,000,000 of the company's own shares in
accordance with the authorization given to it at the Annual General Meeting on
9 February 2012. 

The Board of Directors of Efore decided to deviate from the procedures referred
to in Sections 3.2.1 and 3.2.2 of the guidelines of NASDAQ OMX Helsinki Ltd.
relating to the acquisition of own shares by listed companies in accordance
with Section 3.2.5 of the said guidelines because of the minor trading volume
of the company's shares. The acquisition of own shares in the decided manner
may lead to the acquisition of own shares of the company being more than 50 %
of the average trading volume of a certain trading day. The acquisition of own
shares shall be effected in a way that no exceptional market movements result
from such trading and on the same trading day the amount of the shares cannot
exceed 5 % of the maximum amount of the share acquisition in accordance with
the decision of the company. 

Shares can be acquired to develop the company's capital structure, for use as
consideration in acquisitions or to finance the purchase of business assets or
other transactions, or to be used in the management compensation scheme or to
be annulled. 

Shares will be acquired in public trading on NASDAQ OMX Helsinki Ltd. for the
market price quoted at the time of the buyback. 

The acquisition of the company's own shares will start at the earliest on 10
April 2012. 

At the moment Efore holds 587,693 of its own shares.

EFORE PLC
Board of Directors

For further information

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 2011, consolidated net sales totaled EUR 88,1
million and the Group's personnel averaged 960. 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