Efore - Company Announcement

NOTIFICATION ACCORDING TO CHAPTER 2, SECTION 10 OF THE SECURITIES MARKETS ACT

Espoo, Finland, 2012-01-13 08:50 CET (GLOBE NEWSWIRE) -- Efore Plc  Stock
exchange release       January 13, 2012 at 9.50 a.m. 


Efore Plc has today received a notification of change in holdings in accordance
with chapter 2, section 9 of the Securities Markets Act as follows: As a result
of the share issue directed to Efore Management Oy on January 13, 2012, Efore
Management Oy's share of the total number of shares and voting rights in Efore
Plc has exceeded 5 per cent. 

Efore Management Oy's shareholding before the share issue:
Number of shares: 2,084,400 shares
Share of the total number of shares and voting rights: 4.90%

Efore Management Oy's shareholding following the share issue:
Number of shares: 2,358,242 shares
Share of the total number of shares and voting rights: 5.54%

The calculation basis for the flagging is the total number of Efore Plc shares
and voting rights registered with the Trade Register. The number of Efore Plc
shares and voting rights registered with the Trade Register totals 42,529,648. 

Efore Management Oy's business ID is 2355953-6.

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 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 Nasdaq OMX Helsinki Ltd. 
www.efore.com


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