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2015-04-02

Vacon Oyj: Vacon applies for delisting of its shares

Vacon Plc, Stock Exchange Release,2 April 2015
at 9.30 a.m. (EET)

The Board of Directors of Vacon Plc ("Vacon") has decided to apply for the
termination of trading in Vacon shares and the delisting of shares from
NASDAQ OMX Helsinki Ltd ("NASDAQ OMX Helsinki"). In the application to be
submitted to NASDAQ OMX Helsinki, Vacon will request that the delisting take
effect as soon as possible after Oy Danfoss Ab has acquired the entire share
capital of Vacon.

Oy Danfoss Ab owns 98.78% of the Vacon shares and the votes conferred by the
shares. In accordance with Chapter 18 of the Limited Liability Companies Act,
Oy Danfoss Ab has instituted proceedings for the redemption of minority
shares to obtain the remaining Vacon shares held by minority shareholders.

The Redemption Committee of the Central Chamber of Commerce has established a
three-member arbitral tribunal to resolve any disputes concerning the right
of redemption and the redemption price of the Vacon shares held by parties
other than Oy Danfoss Ab.

VACON PLC

Further information:

* Sebastian Linko, Director, Corporate Communications and Investor Relations,
+358 (0)40 8371 634, sebastian.linko(at)vacon.com

Vacon in brief

Vacon is driven by a passion to develop, manufacture and sell the best AC
drives and inverters in the world - and provide customers with efficient
product lifecycle services. Our AC drives offer optimum process control and
energy efficiency for electric motors. Vacon inverters play a key role when
energy is produced from renewable sources. Vacon has production and R&D
facilities in Europe, Asia and North America, and sales offices in 31
countries. Further, Vacon has sales representatives and service partners in
nearly 90 countries. In 2014, Vacon's revenues amounted to EUR 409.4 million,
and the company employed globally approximately 1,600 people. The shares of
Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange
(NASDAQ OMX Helsinki). Vacon is part of Danfoss Group.

Driven by Drives,www.vacon.com

Distribution:

NASDAQ OMX Helsinki
Financial Supervisory Authority
Main media

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Vacon Oyj via Globenewswire

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