Vacon - Company Announcement

Vacon's Board of Directors proposes to the Annual General Meeting to establish a Shareholders' Nomination Board

Vacon Plc, Stock Exchange Release, 20 February 2014 at 9.45 a.m. (EET)

The Board of Directors of Vacon proposes to the Annual General Meeting to be
held on 27 March 2014 that the General Meeting would resolve to establish a
permanent Shareholders' Nomination Board to prepare proposals to the Annual
General Meeting for the election and remuneration of the members of the Board of
Directors and the remuneration of the members of the Nomination Board. In
addition, the Board proposes the adoption of the Charter of the Shareholders'
Nomination Board.

According to the proposal, the Nomination Board comprises representatives of the
four largest shareholders of the Company and, in addition, of the Chairman of
the Company's Board of Directors. The right to nominate the shareholder
representatives lies with those four shareholders whose share of all the voting
rights in the Company is on 31 August preceding the next Annual General Meeting
the largest on the basis of the shareholders' register of the Company held by
Euroclear Finland Ltd.

If a shareholder who has distributed his/her holdings e.g. into several funds
and has an obligation under the Finnish Securities Markets Act to take these
holdings into account when disclosing changes in share of ownership makes a
written request to such effect to the Chairman of the Board of Directors no
later than on 30 August, such shareholder's holdings in several funds or
registers will be combined when calculating the share of votes which determines
the nomination right.

Further, holdings by a group of shareholders, who have agreed to nominate a
joint representative to the Nomination Board, will be summed up when calculating
the share of all the voting rights, provided that the shareholders in question
present a joint written request to that effect together with a copy of such an
agreement to the Chairman of the Company's Board of Directors no later than on
30 August preceding the Annual General Meeting. Should a shareholder not wish to
use its nomination right, the right transfers to the next largest shareholder
who would otherwise not have a nomination right.

The Chairman of the Board of Directors convenes the first meeting of the
Nomination Board and acts as a chairman of the Nomination Board until the
Nomination Board has elected a chairman from among its members. The Nomination
Board shall submit its proposals to the Board of Directors annually, latest on
31 January preceding the next Annual General Meeting.

The invitation to the Annual General Meeting will be published later by a
separate stock exchange release and on Vacon's website.

VACON PLC

The Board of Directors

For more information please contact:

  * Vesa Laisi, President and CEO, Vacon Plc, phone +358 (0)40 8371 510,
    vesa.laisi(at)vacon.com
  * Sebastian Linko, Director, Corporate Communications and Investor Relations,
    Vacon Plc, phone +358 (0)40 8371 634, sebastian.linko(at)vacon.com

Vacon in brief

Vacon is driven by a passion to develop, manufacture and sell the best AC drives
and inverters in the world - and provide customers with efficient product
lifecycle services. Our AC drives offer optimum process control and energy
efficiency for electric motors. Vacon inverters play a key role when energy is
produced from renewable sources. Vacon has production and R&D facilities in
Europe, Asia and North America, and sales offices in 30 countries. Further,
Vacon has sales representatives and service partners in nearly 90 countries. In
2013, Vacon's revenues amounted to EUR 403.0 million, and the company employed
globally approximately 1,600 people. The shares of Vacon Plc (VAC1V) are quoted
on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).

Driven by Drives, www.vacon.com

Distribution:

NASDAQ OMX Helsinki
Financial Supervisory Authority
Main media

ATTACHMENT 

[HUG#1763378]

Attachments:

CHARTER OF VACON PLC'S SHAREHOLDERS' NOMINATION BOARD.pdf