VACON PLC'S ANNUAL GENERAL MEETING OF SHAREHOLDERS

Vacon Plc, Stock Exchange Release, 26 March 2008 at 6.30 p.m.:

Vacon Plc's Annual General Meeting of Shareholders was held on 26
March 2008 in Vaasa. The Annual General Meeting of Shareholders
approved the company's financial statement for the fiscal year 2007
and discharged the members of the Board of Directors and the Managing
Director from liability for the fiscal year 2007. The Annual General
Meeting of Shareholders adopted the proposal of the Board of
Directors that a dividend of EUR 0.75 will be paid on each share. The
Annual General Meeting of Shareholders adopted the proposal of the
Board of Directors to authorize the Board of Directors to resolve to
repurchase shares in the company.

The financial statement of Vacon Plc for the fiscal year 2007 was
approved.

The Annual General Meeting of Shareholders adopted the proposal by
the Board of Directors to pay a dividend of EUR 0.75 on each share or
EUR 11 424 141 in total. The record day for the dividend payment is
31 March 2008. The dividend will be paid on 7 April 2008.

The Annual General Meeting of Shareholders discharged the members of
the Board of Directors and the Managing Director from liability for
the fiscal year 2007. The number of members of the Board of Directors
was confirmed to be seven (7). Pekka Ahlqvist, Jari Eklund, Kalle
Heikkinen, Mauri Holma, Jan Inborr and Veijo Karppinen were
re-elected as members of the Board of Directors and professor, PhD.
(Econ.) Riitta Viitala elected as new member of the Board of
Directors. Jan Inborr was re-elected Chairman and Veijo Karppinen was
re-elected Vice Chairman of the Board of Directors at the
constitutory meeting of the Board of Directors.

The Annual General Meeting of Shareholders resolved to pay the
members of the Board of Directors a basic fee of EUR 1,250 a month
and an additional fee of maximum EUR 2,500 a month. It was resolved
that the Chairman of the Board of Directors shall be paid twice the
basic fee and twice the additional fee paid to the members of the
Board of Directors.

KPMG Oy Ab was re-elected as the company's auditor.

The Annual General Meeting of Shareholders adopted the proposal of
the Board of Directors to authorize the Board of Directors to resolve
to repurchase shares in the company. The proposal of the Board of
Directors was reported in the stock exchange release of 29 February
2008.

All decisions adopted at the Annual General Meeting of Shareholders
were made unanimously.

VACON PLC

Board of Directors


Further information:

Mr. Vesa Laisi, President & CEO
Phone +358 (0)40 837 1510, e-mail: vesa.laisi(at)vacon.com

Mr. Jan Inborr, Chairman of the Board
Phone +358 (0)400 203 612, e-mail: jan.inborr(at)ahlstromcapital.com

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OMX Nordic Exchange Helsinki
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