EFORE PLC Stock Exchange Release February 1, 2008 at 9.00 a.m. 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, 2006 - October 31, 2007 was held on January 31, 2008 in Helsinki. Juhani Mäkinen, Attorney-at-law acted as the Chairman of the Annual General Meeting. The Annual General Meeting adopted the financial statement 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 six members based on the proposal of the Nomination Committee. The following members were elected: Isto Hantila, Timo Syrjälä, Matti Tammivuori, Jukka Harju, Esa Korvenmaa and Marko Luoma. In the Inaugural Meeting of the Board of Directors held after the Annual General Meeting Isto Hantila was elected as the Chairman and Jukka Harju as the Vice Chairman of the Board of Directors. In the Inaugural Meeting the Audit Committee was elected. Timo Syrjälä was elected as the Chairman and Isto Hantila and Matti Tammivuori as members of the Audit Committee. Decision on the Nomination Comittee will be made later. It was decided to finish the function of the Compensation Comittee. AUDITOR Authorized Accounting Firm KPMG Oy was elected as the Company's auditor, with Authorized Public Accountant Lasse Holopainen as the principal auditor. DIVIDEND The Annual General Meeting approved the proposal of the Board of Directors to distribute a dividend of EUR 0.05 per share, or in total EUR 2,026,482.40, for the financial year ended on October 31, 2007. AUTHORIZING THE BOARD OF DIRECTORS TO RESOLVE ON THE ISSUING OF SHARES, OPTION RIGHTS AND OTHER SPECIAL RIGHTS ENTITLING TO THE SHARES The Board of Directors was authorised in accordance with its proposal to resolve on the issuance, in one or several instalments, of shares, option rights and special rights pursuant to chapter 10, section 1 of the Finnish Companies Act, so that the aggregate maximum number of shares granted on the basis of the authorisation, including option rights or shares entitled on the basis of special rights, will be 13,000,000 shares. The authorisation includes the right for direct issue of shares, option rights or special rights, in deviation from the shareholders' pre-emptive subscription right. The authorisation is in force until the next Annual General Meeting. AUTHORIZING THE BOARD OF DIRECTORS TO RESOLVE ON THE ACQUISITION OF THE COMPANY'S OWN SHARES The Board of Directors was authorised in accordance with its proposal to resolve on the acquisition of the company's own shares, in one or several instalments. A maximum of 4,000,000 own shares, or a lower amount that in addition to the shares already owned by the company is less than 10 per cent of all shares, may be acquired on the basis of the authorisation. The authorisation includes the right to acquire own shares otherwise than in proportion to the holdings of the shareholders. The authorisation is in force until the next Annual General Meeting. AUTHORIZING THE BOARD OF DIRECTORS TO RESOLVE ON THE DISTRIBUTION OF DIVIDEND The Board of Directors was authorised in accordance with its proposal to resolve on the distribution of dividend. On the basis of the authorisation, the Board of Directors may decide on the distribution of dividend so that the amount of dividend on the basis of the authorisation in total does not exceed EUR 0.05 per share, or in total EUR 2,026,482.40. Dividend may be distributed one or several times. The authorisation is in force until the beginning of the next Annual General Meeting. EFORE PLC Board of Directors For further information please contact Mr. Reijo Mäihäniemi, President and CEO, tel. +358 9 4784 6312 DISTRIBUTION Helsinki Stock Exchange Principal media 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 supply solutions, power systems, manufacturing of demanding electronics, and related service and maintenance. Efore's head office is in Espoo, Finland. Besides Finland, the company's product development and marketing units are located in China, the USA and Sweden. Its production units are located in China, Estonia and the USA. In the fiscal year ending in October 2007, consolidated net sales totaled EUR 80,2 million and the Group's personnel averaged 766. The shares of the parent company Efore Plc are listed at the Helsinki Stock Exchange. www.efore.com
DECISIONS OF THE ANNUAL GENERAL MEETING OF EFORE PLC AND THE INAUGURAL MEETING OF THE BOARD OF DIRECTORS
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