Efore - Company Announcement

EFORE PLC'S MANAGEMENT INVESTS IN THE COMPANY'S SHARES

EFORE PLC         STOCK EXCHANGE RELEASE   26 August 2010   at 09.00 a.m.       

The Board of Directors of Efore Plc (Company) has on 25 August 2010 decided on a
new shareholding plan directed to the members of the Efore Group Executive      
Management Team. The plan enables the participants to acquire a considerable    
long-term shareholding in the Company. Through this plan, the executives        
personally invest a considerable amount of their own funds in the Company's     
shares. The executives finance their investments partly themselves and partly by
a loan provided by the Company. The actual owner risk will be carried out       
personally by the executives for the part of their personal investment in the   
plan.                                                                           

For the purpose of the share ownership, the members of the Executive Management 
Team will establish a limited company named Efore Management Oy (Efore          
Management), whose entire share capital they own. The intention of Efore        
Management is to acquire a maximum total of 2,084,400 Company's shares from the 
members of the Executive Management Team as well as by subscribing for new      
Company shares in a share issue directed to Efore Management. The acquisitions  
will be financed by capital investments in Efore Management by the members of   
the Executive Management Team, in the maximum total amount of EUR 300,000, as   
well as by a loan provided by the Company. After the plan has been implemented, 
the members of the Executive Management Team will hold 4.9% of the Company's    
shares through Efore Management.                                                

As part of the plan, the Board of Directors of the Company has decided to grant 
to Efore Management an interest-bearing loan in the maximum amount of EUR       
1,200,000 to finance the acquisition of the Company's shares. The loan will be  
repaid in full by 30 April 2014, at the latest. Should the plan be continued by 
one year at a time in 2013 and 2014, the loan period may be extended            
respectively. Efore Management has the right to repay the loan prematurely at   
any time and the obligation to repay the loan prematurely by selling the        
Company's shares it holds, in case the Company's share price exceeds a certain  
level determined in the plan, otherwise than occasionally.                      

The plan will be valid until the end of the year 2013, after which the plan is  
intended to be dissolved in a manner to be determined later. The plan may be    
dissolved, e.g., by merging Efore Management with the Company, or by selling the
Company's shares held by Efore Management to the Company, or otherwise. The plan
will be continued by one year at a time, in case the Company's share at the end 
of year 2013 or 2014 is lower than the average share price which Efore          
Management paid for the Company's shares.                                       

During the validity of the plan, the transfer of the Company's shares held by   
Efore Management has been restricted. The share ownership in Efore Management by
the members of the Executive Management Team will be valid until the dissolution
of the plan.                                                                    

On the basis of authorization granted by the Annual General Meeting of          
Shareholders of the Company on 9 February 2010, the Board of Directors of the   
Company decided on a share issue against payment directed to Efore Management on
25 August 2010. In the share issue, a maximum total of 2,000,000 new Company    
shares will be offered for subscription by Efore Management, in derogation from 
the shareholders' pre-emptive subscription rights. There are weighty financial  
reasons for the derogation from the shareholders' pre-emptive subscription      
rights as the shares to be issued in the share issue will be used for the       
implementation of the shareholding plan of the members of the Company's         
Executive Management Team.                                                      

The subscription price of a new share is EUR 0.70. The subscription price is    
based on the prevailing market price of the Company share.  Efore Management    
will pay the subscription price in cash upon subscription. The share            
subscription period is 13 September—8 October 2010. The subscription price of   
the new shares will be credited to the reserve for invested unrestricted equity 
of the Company. Right to dividend and other shareholder rights will commence    
after the new shares have been entered into the Trade Register. The shares will 
be registered on the book-entry account of Efore Management and they will be    
applied for public trading on NASDAQ OMX Helsinki Ltd after their Trade Register
entry.                                                                          

On the basis of the share issue the number of the Company shares will increase  
from the current 40,529,648 shares to a maximum of 42,529,648 shares. The shares
to be subscribed in the share issue will represent an approximate maximum of 4.7
% of the number of shares and votes after the share issue.                      


EFORE PLC                                                                       
The Board of Directors    
Further information: Mr Vesa Vähämöttönen, President and CEO, tel. +358 9 4784  
6312   
Distribution                                                                    
NASDAQ OMX Helsinki Ltd, Mainmedia                                              

Efore Group                                                                     

Efore Group is an international company providing services for ICT and          
industrial electronics. Its operations comprise energy saving custom-designed   
power supplies, power systems, manufacturing of demanding electronics, and      
related service and maintenance.                                                

Efore's head office is in Espoo, Finland. Besides Finland, the company's product
development and marketing units are located in China, the USA and Sweden. Its   
production units are located in China and Estonia. In the fiscal year ending in 
October 2009, consolidated net sales totaled EUR 64.1 million and the Group's   
personnel averaged 565. The company's share is quoted on the Nasdaq OMX Helsinki
Ltd.

www.efore.com