Efore - Changes in company's own shares

NOTICE REGARDING DECISION TO ASSIGN SHARES OF THE COMPANY

Espoo, Finland, 2013-05-23 08:05 CEST (GLOBE NEWSWIRE) -- EFORE PLC    Stock
Exchange Release     May 23, 2013   at 9.05 


The Annual General Meeting of Efore Plc resolved on February 7, 2013 that
approximately 40% of the annual remuneration of the chairman and the other
members of the Board of Directors is payable by the assignment of own shares
held by the company. 

Based on the authorization to issue shares given by the Annual General Meeting,
the Board of Directors of Efore Plc has resolved to assign in aggregate 74 791
own shares held by the company as payment of the annual remuneration. The
number of shares has in accordance with the resolution of the Annual General
Meeting been determined based on the average of the closing prices (EUR 0.73)
of the Efore Plc share April 8-18, 2013. The assignment of the shares will take
place on June 20, 2013. 

After this assignment the number of own shares held by the company would be
1,143,753. 

EFORE PLC
Board of Directors

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

DISTRIBUTION

Nasdaq OMX Helsinki Oy
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 unit
is located in China. Efore is present also in Sweden. In the fiscal year ending
in October 2012, consolidated net sales totaled EUR 78,1 million and the
Group's personnel averaged 888. The company's share is quoted on the Nasdaq OMX
Helsinki Ltd. 


www.efore.com




         Vesa Vähämöttönen, President and CEO, tel. +358 9 4784 6312