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

Vacon Plc, Stock Exchange Release, 12 September 2014 at 6.00 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 issuer of shares:

Vacon Plc

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

AC Invest Three B.V. (51490994)

3. Chain of controlled undertakings:

AC Invest Three B.V. is a wholly owned subsidiary of Ahlström Capital Oy.

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

11 September 2014 

5. Reason for the notification:

      AC Invest Three B.V. has under a share purchase agreement dated 11 September 2014 undertaken to sell a total of 3,229,688 shares in Vacon corresponding to approximately 10.56 per cent of all the shares in Vacon. The share purchase agreement includes two share tranches. The sale of the first share tranche is executed on 12 September 2014 and contains 3,053,400 shares. The sale of the second share tranche contains 176,288 shares which corresponds to approximately 0.58 per cent of all the shares in Vacon and is conditional upon the receipt of an approval of the Finnish Ministry of Employment and Economy as required under the Finnish Act on Monitoring Acquisitions (172/2012). Said sale is settled within five (5) business days from the date of receipt of said approval.

      As a result of the above, the ownership of AC Invest Three B.V. has decreased below the threshold of 5 per cent of Vacon's shares.

      The notification of major shareholdings does not contain any additional information.

      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:

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