Efore - Company Announcement

DECISION ON A SHARE ISSUE DIRECTED TO THE MANAGEMENT HOLDING COMPANY

Espoo, Finland, 2012-01-10 13:15 CET (GLOBE NEWSWIRE) -- EFORE PLC    Stock
Exchange Release    January 10, 2012 at 2.15 p.m. 

The Board of Directors of Efore Plc (Company) decided on a new shareholding
plan directed to the members of the Efore Group Executive Management Team on 25
August 2010. The plan enables the participants' considerable long-term
shareholding in the Company. The Board of Directors decided today to offer a
maximum of 273,842 treasury shares held by the Company in a directed share
issue against payment to Efore Management Oy, a holding company owned by the
management, in order to expand the shareholding plan and to include a new
member of the Efore Group Executive Management Team in the plan. The decision
is based on the authorization granted by the Annual General Meeting of
Shareholders of the Company on 10 February 2011. 

In the directed share issue against payment, a maximum of 273,842 treasury
shares held by the Company will be offered for subscription by Efore Management
Oy. The subscription price of the share is EUR 0.82 per share, which is the
trade volume weighted average quotation of the Company's share on NASDAQ OMX
Helsinki Ltd on 9 January 2012. The share subscription period is 11 January—25
January 2012. The subscribed shares must be paid on 31 January 2012, at the
latest. 

The number of the Company's shares will not be changed on the basis of the
share issue, as treasury shares held by the Company will be transferred in the
share issue. 

If all shares to be offered are subscribed, the number of treasury shares held
by the Company will be 587.693 shares, after the share transfer. 

EFORE PLC

Board of Directors

For further information please contact Mr. Vesa Vähämöttönen, President and
CEO, tel +358 9 4784 6312. 

Distribution:
NASDAQ OMX Helsinki Ltd
Main media

Efore Group

Efore Group is an international company which develops and produces demanding
power products. Besides Finland, the company's product development and
marketing units are located in China and Sweden. Efore's production units are
located in China and Estonia. In the fiscal year ending in October 2011, the
Group's net sales totaled EUR 88.1 million and its personnel averaged 960. The
company's share is quoted on the main list of Helsinki Stock Exchange.
www.efore.com 


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