VACON PLC'S ANNUAL GENERAL MEETING

Vacon Plc, Stock Exchange Release, 1 April 2009 at 6.40 p.m.:

Vacon Plc's annual general meeting was held on 1 April 2009 in Vaasa.
The general meeting approved the company's financial statement for
the fiscal year 2008 and discharged the members of the board of
directors and the CEO from liability for the fiscal year 2008. The
general meeting adopted the proposal of the board of directors that a
dividend of EUR 0.65 will be paid on each share. The general meeting
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 2008 was
approved.

The general meeting adopted the proposal by the board of directors to
pay a dividend of EUR 0.65 on each share or EUR 9 875 572,20 in
total. The record day for the dividend payment is 6 April 2009. The
dividend will be paid on 15 April 2009.

The general meeting discharged the members of the board of directors
and the CEO from liability for the fiscal year 2008. The number of
members of the board of directors was confirmed to be seven (7).
Pekka Ahlqvist, Jari Eklund, Mauri Holma, Jan Inborr, Veijo Karppinen
and Riitta Viitala were re-elected as members of the board of
directors and Mika Vehviläinen was elected as new member of the board
of directors. Jan Inborr was re-elected chairman and Veijo Karppinen
was elected vice chairman of the board of directors at the
constitutory meeting of the board of directors.

The 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.

The number of auditors was confirmed to be one (1). KPMG Oy Ab was
re-elected as the company's auditor with Pekka Pajamo as responsible
auditor.

The Annual General Meeting resolved to amend the Company's Articles
of Association's 8 § so that the notice of the Annual General Meeting
has to be published at least three (3) weeks before the meeting.

The general meeting 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 February 19, 2009.

All decisions adopted at the general meeting were made unanimously
unless otherwise stated in the minutes of the meeting.

Vacon in brief:
Vacon is driven by a passion to design, manufacture and sell only the
best AC drives on the planet. AC drives can be used to control
electric motors or to help generate power from renewable sources.
Vacon has R&D and production facilities in Finland, the United
States, China and Italy, and sales offices in more than 25 countries.
In 2008, revenues totalled EUR 293.2 million, and Vacon employed ca
1,200 persons worldwide. Vacon's shares (VAC1V) are listed and
publicly traded on the Helsinki Stock Exchange.

Driven by Drives, www.vacon.com


VACON PLC

Board of Directors

Further information:

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

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

Distribution:

NASDAQ OMX Helsinki
Central Media
Financial Supervision Authority