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

Vacon Plc, Stock Exchange Release, 24 November 2014 at 4.15 p.m. (EET)

Vacon Plc (ID 1519966-5) ("Vacon") has on 24 November 2014 received a
notification of major shareholdings pursuant to Chapter 9, Section 5 of the
Finnish Securities Market Act.

1. Full name of the issuer of shares:
Vacon Plc

2. Full name of the person(s) subject to notification obligation:
Danfoss A/S (20165715)

3. Chain of controlled undertakings:
Oy Danfoss Ab is 100 per cent directly owned by Danish company Danfoss
International A/S. Danfoss International A/S is 100 per cent directly owned by
Danish company Danfoss A/S.

4. Date on which the threshold is reached or crossed:
21 November 2014

5. Reason for the notification:
Based on Danfoss A/S' and Oy Danfoss Ab's current ownership and shareholders'
acceptances of the tender offer received by 21 November 2014, Danfoss A/S'
indirect and Oy Danfoss Ab's direct ownership would exceed 90 per cent of all
the shares and voting rights in Vacon in case the tender offer is completed. The
acceptances of the offer are valid until the expiry of the acceptance period
under the tender offer, unless withdrawn, and the ownership thereunder will be
transferred to Danfoss in connection with the completion of the tender offer.

Danfoss A/S' indirect and Oy Danfoss Ab's direct ownership in Vacon is currently
3,229,688 shares and voting rights in Vacon, which corresponds to 10.56 per cent
of all the shares and voting rights in Vacon.

Oy Danfoss Ab has on 29 September 2014 commenced the voluntary public tender
offer recommended by the Board of Directors of Vacon for all the issued and
outstanding shares in Vacon. The offer period under the Tender Offer commenced
on 29 September 2014 and was initially scheduled to expire on 28 October 2014
("the Offer Period"). Pursuant to the terms and conditions of the Tender Offer,
the Offeror has on 27 October 2014 decided to extend the Offer Period to expire
on 21 November 2014 at 4:00 pm (Finnish time) to allow sufficient time to
complete the approval processes of relevant authorities.

The total indirect ownership of Danfoss A/S and direct ownership of Oy Danfoss
Ab may on the basis of the above amount to a maximum of 29,456,625 shares which
corresponds to 96.29 per cent of all the shares and voting rights in Vacon.

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 31 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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