Notification pursuant to Chapter 9, Section 10 of the Finnish Securities Market Act

Vacon Plc, Stock Exchange Release, 12 September 2014 at 5.50 p.m. (EET)

Vacon Plc (ID 1519966-5) ("Vacon") has on 12 September 2014 received a
notification of major shareholdings pursuant to Chapter 9, Section 5 of the
Finnish Securities Markets Act.

1. Full name of the target company:

Vacon Plc

2. Full name of the person subject to the notification obligation:

Ilmarinen Mutual Pension Insurance Company (ID 0107638-1)

3. Date on which the flagging threshold is/are reached or crossed:

12 September 2014

4. Reason for the notification:

      Mutual Pension Insurance Company is party to an agreement which, if
realized, would result in the acquisition or disposal of shares or voting
rights.

      Danfoss A/S announced on 12 September 2014 a voluntary conditional public
tender offer for Vacon. Ilmarinen The offer period under the tender offer is
expected to commence on or about 29 September 2014 and expected to run until 21
October 2014. Should the tender offer be completed, Mutual Pension Insurance
Company Ilmarinen's ownership in Vacon will fall below 5%.

No other information referred to under Section 6 of the decree of the Ministry
of Finance on the disclosure of major shareholdings (1021/2012) has been given
in the notification of major shareholdings.

Vacon Plc has a total of 30,590,000 shares. The company has only one class of
shares and each share entitles to one vote.

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 30 countries. Further,
Vacon has sales representatives and service partners in nearly 90 countries. In
2013, Vacon's revenues amounted to EUR 403.0 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).

Driven by Drives, www.vacon.com

Distribution:

NASDAQ OMX Helsinki
Financial Supervisory Authority
Main media








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