Efore - Company Announcement

ORGANIZING MEETING OF THE NEW BOARD OF EFORE PLC

Espoo, Finland, 2015-03-31 13:00 CEST (GLOBE NEWSWIRE) -- EFORE PLC       Stock
Exchange Release   31 March 2015    at 2.00 p.m. 


In its first meeting held after the Annual General Meeting, the Board of
Directors elected Päivi Marttila to continue as Chairman. Marjo Miettinen was
elected as Vice Chairman. 

The Board of Directors has evaluated the independence of the Board members in
compliance with the recommendations of the Finnish Corporate Governance Code. 
It is the view of the Board of Directors that all Directors are independent of
the company, and all Directors, excluding Jarkko Takanen, are independent of
significant shareholders. 

Jarkko Tarkanen was elected as Chairman of the Audit Committee and Olli
Heikkilä and Jarmo Simola were elected as members. Päivi Marttila was elected
as Chairman of the Remuneration Committee and Marjo Miettinen and Jarmo Simola
were elected as members. 

The Board did not establish any other committees.

EFORE PLC

Board of Directors

For further information please contact Ms. Riitta Järnstedt, CFO, tel. +358 9
4784 6372 

DISTRIBUTION

Nasdaq OMX Helsinki Ltd
Principal media

Efore-group
Efore Group is an international company which develops and produces demanding
power products. Efore's head office is based in Finland and its production
units are located in China and Tunis. Sales and marketing operations are
located in Europe, United States and China. In the fiscal year ending in
December 2014, consolidated net sales totalled EUR 85,3 million and the Group's
personnel averaged 914. The company's share is quoted on the Nasdaq OMX
Helsinki Ltd. www.efore.com