Efore - Decisions of extraordinary general meeting

DECISIONS OF THE EXTRAORDINARY GENERAL MEETING OF EFORE PLC

Espoo, Finland, 2013-12-04 08:00 CET (GLOBE NEWSWIRE) -- 
EFORE PLC      Stock Exchange Release      4 December 2013 at 9.00 a.m.

Efore Plc's Extraordinary General Meeting was held in Helsinki on 3 December
2013. Altogether 46.9 per cent of all company shares and votes attended the
Meeting. Attorney-at-Law Mika Taberman served as the Chairman of the
Extraordinary General Meeting. 

Election of Board members

The Extraordinary General Meeting decided that the number of Board members
shall be set at six instead of the current seven. Mr. Francesco Casoli, Ms.
Päivi Marttila, Mr. Olli Heikkilä, Ms. Marjo Miettinen were re-elected as the
members of the Board of directors and Mr. Jarmo Simola and Mr. Jarkko Takanen
were elected as the new members of the Board of Directors. 

In its first meeting held after the Extraordinary General Meeting, the Board of
Directors elected Ms Päivi Marttila as the Chairman of the Board of Directors.
The Board of Directors has evaluated the Board members' independence in
compliance with the Finnish Corporate Governance Code's recommendations.  It is
the view of the Board of Directors that all Directors, are independent of the
company, and all Directors, excluding Jarkko Takanen and Francesco Casoli are
independent of significant shareholders. 

Information about Mr. Jarmo Simola and Mr. Jarkko Takanen will be available on
Efore Plc's website at address www.efore.com. 


EFORE PLC

Board of Directors

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

DISTRIBUTION

NASDAQ OMX Helsinki Oy
Principal media

Efore Group

The Efore Group is an international company that develops and produces
demanding power products. Efore's head office is based in Finland, and its
production units are located in China and Tunisia. Sales and marketing
operations are located in Europe, the United States and China. In the fiscal
year ending in October 2012, consolidated net sales totalled EUR 78.1 million,
and the Group's personnel averaged 888. The company's shares are quoted on
Nasdaq OMX Helsinki Oy. 

www.efore.com