EFORE PLC Stock Exchange Release February 6, 2007 9.00 am DECISIONS OF THE ANNUAL GENERAL MEETING OF EFORE PLC AND THE INAUGURAL MEETING OF THE BOARD OF DIRECTORS Efore Plc Annual General Meeting for the financial year November 1, 2005 - October 31, 2006 was held on February 5, 2007 in Helsinki. Juhani Mäkinen, Attorney-at-law acted as the Chairman of the Annual General Meeting. The Annual General Meeting adopted the income statement and balance sheet of Efore Group and Efore Plc for the financial year and discharged the Board of Directors and the CEO from their liabilities from the financial year. BOARD OF DIRECTORS AND THE COMMITTEES The Annual General Meeting elected to the Board of Directors eight members based on the proposal of the Nomination Committee. The following members were re-elected: Johan Ek, Isto Hantila, Outi Raitasuo, Timo Syrjälä and Matti Tammivuori. In addition Jukka Harju, Esa Korvenmaa and Marko Luoma were elected as new members to the Board of Directors. In the Inaugural Meeting of the Board of Directors held after the Annual General Meeting Isto Hantila was elected as the Chairman and Timo Syrjälä as the Vice Chairman of the Board of Directors. In the Inaugural Meeting the Audit Committee and the Compensation Committee were elected and it was decided that the Nomination Committee be elected during fall 2007. Timo Syrjälä was elected as the Chairman and Outi Raitasuo and Matti Tammivuori as members of the Audit Committee. Isto Hantila was elected as the Chairman and Timo Syrjälä and Matti Tammivuori as members of the Compensation Committee. AUDITOR Authorized Accounting Firm Ernst & Young Oy was elected as the Company's auditor. DIVIDEND The Annual General Meeting decided, according to the proposal of the Board of Directors, that no dividend be distributed from the financial year ended on October 31, 2006. AUTHORIZING THE BOARD OF DIRECTORS TO RESOLVE ON THE ISSUING OF NEW SHARES The Annual General Meeting decided, according to the Board of Directors proposal that the Board of Directors is authorized to resolve on the issuing of new shares in one or several instalments, resulting in total to the issuance of a maximum of 13.274.783 new shares. The authorization includes the right of the Board of Directors to resolve on a directed share issue. The authorization is, however, not to be used for incentive schemes for the personnel. The authorization is in force for a period of one year from the resolution of the Annual General Meeting. EFORE PLC Board of Directors For further information please contact Reijo Mäihäniemi, President and CEO, tel. +358 9 4784 6312 DISTRIBUTION Helsinki Exchanges Principal media Efore Group The Efore electronics group is an international company providing services for the telecommunications, industrial automation and health-care industries. Its operations comprise custom-designed power supplies, power systems and related service and maintenance. Efore's registered office is in Espoo, Finland. Besides Finland, Efore's product development and marketing units are located in China, the USA, Germany and Sweden. Its production facilities are located in China, Estonia and the USA. In the fiscal year ending in October 2006, consolidated net sales totalled approximately EUR 90.5 million and it had a personnel of 812. The shares of the parent company Efore Plc are quoted on the Helsinki Stock Exchange. www.efore.com