Efore - Major shareholder announcements

Notification according to chapter 9, section 10 of the securities markets act

Espoo, Finland, 2016-12-20 12:45 CET (GLOBE NEWSWIRE) -- Efore Plc         
Stock Exchange Release   December 20, 2016   at 1.45 p.m. 


Efore Plc has received a notification with reference to Chapter 9, paragraph 5
of the Finnish Securities Markets Act. 

Issuing company: Efore Plc

Basis of announcement: Sievi Capital Oyj’s dividend distribution

Complete name of the shareholder: Sievi Capital Oyj, Sievi, Finland

Business ID of the shareholder:  0190457-0.

Date of transaction and exceeding the threshold: December 20, 2016

Total position of Sievi Capital subject to the notification




                         % of        % of shares and    % of     Total number of
                          shares      voting rights      total    shares and    
                          and         through                     voting rights 
                          voting      financial                   of issuer     
                          rights      instruments                               
--------------------------------------------------------------------------------
Resulting situation on   1,04 %                         1,04 %   55.772.891     
 the date on which the                                                          
 threshold was crossed                                                          
 or reached                                                                     
--------------------------------------------------------------------------------
Position of previous     21,40 %                        21,40 %                 
 notification                                                                   
--------------------------------------------------------------------------------



Notified details of the resulting situation on the date on which the threshold
was reached/crossed: 


Class/type  Number of shares  Number of shares  % of shares and  % of shares and
 of shares   and voting        and voting        voting rights    voting rights 
             rights            rights                                           
--------------------------------------------------------------------------------
            Direct            Indirect          Direct           Indirect       
--------------------------------------------------------------------------------
            (SMA 9:5)         (SMA 9:6 ja 9:7)  (SMA 9:5)        (SMA 9:6 ja    
                                                                  9:7)          
--------------------------------------------------------------------------------
FI00099000  580.585                             1,04 %                          
54                                                                              
--------------------------------------------------------------------------------
TOTAL       580.585                             1,04%                           
--------------------------------------------------------------------------------


Full chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity. 

Name         % of shares and      % of shares and voting rights        Total of 
              voting rights        through financial instruments        both    
--------------------------------------------------------------------------------
Jussi        17,16 %                                                   9.570.868
 Capital Oy                                                                     
--------------------------------------------------------------------------------
Sievi        1,04 %                                                    580.585  
 Capital                                                                        
 Oyj                                                                            
--------------------------------------------------------------------------------



EFORE PLC

Jorma Wiitakorpi
President and CEO

For further information please contact Mr. Jorma Wiitakorpi, President and CEO,
tel. +358 40 175 8510 

DISTRIBUTION

Nasdaq Helsinki Oy
Principal media

Efore Group is an international company which develops and produces demanding
power products. Efore's head office is based in Finland and its R&D functions
are located in Finland, Sweden, Italy and China. Sales and marketing operations
are located in Europe, United States and China. In the fiscal year ending in
December 2015, consolidated net sales totalled EUR 89,9 million and the Group's
personnel averaged 887. The company's share is quoted on the Nasdaq Helsinki
Ltd.www.efore.com