Vacon - Decisions of general meeting

Vacon Plc's Annual General Meeting of Shareholders

Vacon Plc, Stock Exchange Release, 28 March 2007 at 5.50 pm

Vacon Plc's Annual General Meeting of Shareholders was held on 28
March 2007 in Vaasa. The Annual General Meeting of Shareholders
approved the company's financial statement for the fiscal year 2006
and discharged the members of the Board of Directors and the Managing
Director from liability for the fiscal year 2006. The Annual General
Meeting of Shareholders adopted the proposal of the Board of
Directors that a dividend of EUR 0.65 will be paid on each share. The
Annual General Meeting of Shareholders adopted the proposals of the
Board of Directors to authorize the Board of Directors to resolve to
repurchase shares in the company and to dispose of own shares held by
the company as well as to amend the Articles of Association.

The financial statement  of Vacon Plc  for the fiscal  year 2006  was
approved.

The Annual General  Meeting of Shareholders  adopted the proposal  by
the Board of Directors to pay a dividend of EUR 0.65 on each share or
EUR 9,888,728 in total. The record day for the dividend payment is  2
April 2007. The dividend will be paid on 11 April 2007.

The Annual General Meeting of Shareholders discharged the members of
the Board of Directors and the Managing Director from liability for
the fiscal year 2006. The number of members of the Board of Directors
was confirmed to be six (6). Pekka Ahlqvist, Jari Eklund, Kalle
Heikkinen, Mauri Holma, Jan Inborr and Veijo Karppinen were
re-elected as members of the Board of Directors. Jan Inborr was
re-elected Chairman and Veijo Karppinen was re-elected Vice Chairman
of the Board of Directors at the constitutory meeting of the Board of
Directors.

The Annual General Meeting of Shareholders resolved to pay the
members of the Board of Directors a basic fee of EUR 1,000 a month
and an additional fee of maximum EUR 2,000 a month. It was resolved
that the Chairman of the Board of Directors shall be paid twice the
basic fee and twice the additional fee paid to the members of the
Board of Directors.

The Annual General Meeting of Shareholders resolved that KPMG Oy Ab
shall continue as the company's auditor.

The Annual General Meeting of Shareholders adopted the proposals of
the Board of Directors to authorize the Board of Directors to resolve
to repurchase shares in the company and to dispose of own shares held
by the company through share issue. Further, the Annual General
Meeting of Shareholders resolved to amend the Articles of Association
in accordance with the proposal of the Board of Directors. The
amendments are mainly due to the new Companies Act. The proposals of
the Board of Directors were reported in the stock exchange release of
9 March 2007.

All decisions adopted at the Annual General Meeting of Shareholders
were made unanimously.

VACON PLC

Board of Directors


Further information:

Mr. Vesa Laisi, President
Phone +358 (0)40 837 1510, e-mail: vesa.laisi@vacon.com

Mr. Jan Inborr, Chairman of the Board
Phone +358 (0)400 203 612, e-mail: jan.inborr@ahlstromcapital.com

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