Special representative appointed for arbitration

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, 31 December 2014 at 9.30 a.m. (EET)

Vacon Plc ('Vacon') has received the following information from Oy Danfoss Ab
('Danfoss').

As announced by Vacon on 2 December 2014, Danfoss announced to Vacon that it
will use its redemption right and will, in accordance with the Finnish Companies
Act, file an application with the Redemption Committee of the Finland Chamber of
Commerce regarding the appointment of an arbitration tribunal to settle the
redemption matter. Based on an application filed by Danfoss for the redemption
of minority shares, the Redemption Committee of the Finland Chamber of Commerce
has petitioned the Pohjanmaa District Court for the appointment of a special
representative to look after the rights of Vacon's minority shareholders in the
arbitration proceedings pertaining to the squeeze-out procedure.

In its decision the Pohjanmaa District Court has appointed Attorney Vesa
Niinikangas to act as the special representative pursuant to Chapter 18 Section
5 of the Finnish Companies Act.

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). Vacon is
part of Danfoss Group.

Driven by Drives, www.vacon.com

Distribution:

NASDAQ OMX Helsinki
Financial Supervisory Authority
Main media




[HUG#1883945]
Special representative appointed for arbitration proceedings concerning redemption of Vacon's minority shares
