Vacon Plc: Danfoss has announced that it has supplemented

Vacon Plc: Danfoss has announced that it has supplemented the tender offer
document in respect of the voluntary public tender offer to Vacon's shareholders

NOT TO BE RELEASED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO CANADA,
JAPAN, AUSTRALIA, SOUTH AFRICA, HONG KONG OR IN ANY OTHER STATE IN WHICH THE
TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW.

Vacon Plc, Stock Exchange Release, 22 October 2014 at 2.45 p.m. (EET)

Vacon Plc: Danfoss has announced that it has supplemented the tender offer
document in respect of the voluntary public tender offer to Vacon's shareholders

As announced on 12 September 2014 and on 25 September 2014, Oy Danfoss Ab (the
'Offeror') has made a voluntary  public tender offer recommended byt the Board
of Directors of Vacon Plc ('Vacon') to purchase all the issued and outstanding
shares in Vacon that are not held by the Offeror or Vacon or its subsidiaries
(the 'Tender Offer'). The offer period under the Tender Offer commenced on 29
September 2014 and expires on 28 October 2014 (the 'Offer Peri-od'), unless the
Offer Period is extended.

The tender offer document approved by the Finnish Financial Supervisory
Authority relating to the Tender Offer (the 'Tender Offer Document') was
published on 26 September 2014. Vacon has on 22 Oct 2014 published an interim
report for the nine months ended 30 September 2014. The interim report of Vacon
supplements the Tender Offer Document published by the Offeror on 26 September
2014 and the Finnish Financial Supervisory Authority has on 22 October 2014
approved the Finnish language supplement to the Tender Offer Document related
thereto.

The Tender Offer Document, together with this release and the interim report of
Vacon, is available in Finnish at the office of the Offeror at Niittytaival
13, 02200 Espoo, Finland, at the branch offices of Nordea Bank Finland Plc
('Nordea Bank') and at the Helsinki Stock Exchange at Fabianinkatu 14, 00100
Helsinki, Finland and on the internet at www.nordea.fi/osakkeet and
www.danfoss.com/tender-offer and in English on the internet at
www.nordea.fi/equities and www.danfoss.com/tender-offer. In addition, the Tender
Offer Document including its supplements is available in the Finnish language on
the internet at www.vacon.fi, and in the English language on the internet at
www.vacon.com.

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

THIS RELEASE IS NOT A TENDER OFFER DOCUMENT AND AS SUCH DOES NOT CONSTITUTE AN
OFFER OR AN INVITATION TO MAKE A SALES OFFER. INVESTORS SHALL ACCEPT THE TENDER
OFFER FOR THE SHARES ONLY ON THE BASIS OF THE INFORMATION PROVIDED IN THE TENDER
OFFER DOCUMENT. OFFERS WILL NOT BE MADE DIRECTLY OR INDIRECTLY IN ANY
JURISDICTION WHERE EITHER THE OFFER OR PARTICIPATION THEREIN IS PROHIBITED BY
APPLICABLE LAW OR WHERE THE TENDER OFFER DOCUMENT WOULD HAVE TO BE PUBLISHED OR
REGISTERED OR THE OFFER WOULD BE SUBJECT TO OTHER REQUIREMENTS IN ADDITION TO
THOSE UNDERTAKEN IN FINLAND. THE TENDER OFFER IS NOT BEING MADE DIRECTLY OR
INDIRECTLY IN ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAW AND, WHEN
PUBLISHED, THE TENDER OFFER DOCUMENT AND RELATED CONSENT FORMS WILL NOT AND MAY
NOT BE DIS-TRIBUTED, FORWARDED OR TRANSMITTED INTO OR FROM ANY JURISDICTION
WHERE PROHIB-ITED BY APPLICABLE LAW. IN PARTICULAR, THE TENDER OFFER IS NOT
BEING MADE, DIRECTLY OR INDIRECTLY, IN OR INTO, OR BY USE OF THE POSTAL SERVICE
OF, OR BY ANY MEANS OR IN-STRUMENTALITY (INCLUDING, WITHOUT LIMITATION,
FACSIMILE TRANSMISSION, TELEX, TELE-PHONE OR THE INTERNET) OR THROUGH A NATIONAL
SECURITIES EXCHANGE OF CANADA, JA-PAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG. THE
TENDER OFFER CANNOT BE ACCEPTED BY ANY SUCH USE, MEANS OR INSTRUMENTALITY OR
FROM WITHIN CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG.

Special notice to security holders in the United States

The Tender Offer described in this announcement is subject to the laws of
Finland. It is important for US securities holders to be aware that this press
release and all tender offer documentation are subject to disclosure and
takeover laws and regulations in Finland that are different from those in the
United States. As applicable, the Offeror will comply with Regulation 14E under
the US Securities Exchange Act of 1934, as amended in connection with the Offer.
Any extension of the Tender Offer into, or any separate tender offer in the
United States will be made solely under the accompaniment of Raymond James &
Associates, Inc. that is a broker-dealer registered under the US Securities
Exchange Act of 1934, as amended.

Security holders in the United States should read the Tender Offer documents for
instructions on how to tender their shares.

Pursuant to an exemption from Rule 14e-5 under the Exchange Act, the Offeror and
certain of its Repre-sentatives may, from time to time, purchase or make
arrangements to purchase shares outside the Tender  Offer from the time the
Tender Offer was announced until the expiration of the acceptance period of the
Tender Offer, including purchases in the open market at prevailing prices or in
private transactions at negotiated prices, in each case, outside of the United
States and to the extent permitted under the applicable Finnish laws and
regulations. Any such purchases will not be made at prices higher than the price
of the Tender Offer provided in this announcement unless the price of the Tender
Offer is increased accordingly. Any future purchases will be made in accordance
with applicable laws, rules and regulations. Any such purchases of shares will
be disclosed to the extent required by Finnish law or rules or regulations and,
if so disclosed, will also be disclosed in the US.

NEITHER THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION NOR ANY U.S. STATE
SECURITIES COMMISSION OR REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE
TENDER OFFER, PASSED UPON THE FAIRNESS OR MERITS OF THIS ANNOUNCEMENT OR DE-
TERMINED WHETHER THIS ANNOUNCEMENT IS ACCURATE OR COMPLETE. ANY REPRESENTATION
TO THE CONTRARY IS A CRIMINAL OFFENSE IN THE UNITED STATES.


[HUG#1864798]
Vacon Plc: Danfoss has announced that it has supplemented the tender offer document in respect of the voluntary public tender offer to Vacon's shareholders
