Efore - Company Announcement

EFORE INITIATES STATUTORY JOINT NEGOTIATIONS IN FINLAND

EFORE PLC    Stock Exchange Release     February 3, 2009   at 2.30 p.m.         


EFORE INITIATES STATUTORY JOINT NEGOTIATIONS IN FINLAND                         

Efore continues to streamline its operations to assure profitability and has    
started to investigate adjusting its operative functions and costs in order to  
meet the structural changes in the global market situation caused by the        
financial crisis. The company has today issued an invitation to the             
representatives of personnel to participate in statutory joint negotiations as  
per the Act on Co-operations within Undertakings. The purpose of these          
negotiations is to streamline the company's operations and costs to meet the    
market situation.                                                               

The adjusting measures will involve approximately 30 employees in Finland.      
There are currently 96 employees in Finland.                                    

Also operations in the company's American subsidiary will be streamlined        
to meet the current market situation. 

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

EFORE PLC                                                                       
Reijo Mäihäniemi                                                                

President and CEO                                                             

DISTRIBUTION   Nasdaq OMX Helsinki Oy                                           
               Principal media                                                  


Efore Group is an international company providing services for ICT, industrial  
automation and health care industries. 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, Estonia and the USA. In the fiscal year  
ending in October 2008, consolidated net sales totaled EUR 78,3 million and the 
Group's personnel averaged 637. The company's share is quoted on the Nasdaq OMX 
Helsinki Ltd.                                                                   

www.efore.com