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For Immediate Release

ROAL Electronics S.p.A and Efore Plc today announced that

the companies have entered into a definitive agreement for

Efore to acquire ROAL Electronics

Castelfidardo, Italy - 11-07-2013 - ROAL Electronics SpA and Efore Plc, a company based

in Finland and listed in NASDAQ OMX HELSINKI (www.efore.com), announced that the

companies have entered into a definitive agreement for Efore to acquire ROAL

Electronics. The transaction has been closed on July 11th, 2013. The acquisition will form a

new and expanded Power Supply company with a strong Pan-European footprint, a

significant presence in North America and in China, a recognized reputation for

innovative power solutions and a common dedication to customers orientation.

Efore FY2012 Revenue was 78,1M and ROALFY2012 Revenue was 39,5M. The combined

entity will have over 1,000 employees, development facilities in Finland, Sweden, Italy and

China, and owned manufacturing plants in China and Tunisia. The two companies, eachwith a 40 plus year history in the power supply industry, are recognized as leaders amongthe independent companies in our industry.

Focused exclusively on the power electronics market, the combined company plans to

utilize the increased critical mass, the common set of values and principles, and its global

presence to deliver a superior customer experience. While planning to take advantage ofthe synergies and economies of scale, the current management teams will continue to

service their customers and the unique requirements of the markets in which they operate.

The purchase price of equity amounts to EUR 9.7 million. 60 per cent of the purchase price

is paid in cash and 40 per cent in Efore shares. Purchase price paid in Efore shares isequivalent to 5.243.243 Efore shares. Efore board has decided to use the AGM

authorization to assign the shares to the sellers.

Shares are valued at EUR 0.74 per share. Subscribing sellers agree not to sell its Efore shares

within 12 months from the closing date of the transaction. Subscribing sellers will proposeMr. Francesco Casoli, Chairman of Elica Spa (listed in stock exchange Milan) to become a

new board member of Efore Plc in coming extraordinary general meeting at the end of

August or in September.

In addition to the transaction certain main subscribing sellers are committed to purchase

ROAL facility in Italy 6-12 months after the closing, if required by Efore. In this case theselling price of the facility is EUR 1.5 million and the facility seller will lease it for 3 years with

a rent of EUR 150,000 per year.

http://www.eforeplc.com/http://www.eforeplc.com/

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The acquisition of ROAL is a key part of Efore's strategy to grow its industrial business sector

and balance its businesses. ROAL designs and manufactures standard and custom powerproducts for several industrial applications. The transaction opens new growth

opportunities like the fastest growing power products market, LED drivers, to Efore. ROAL is

well-known especially for its strong power supply expertise in LED lighting, instrumentation

devices and video wall displays.

The transaction enables an optimization of production capacities, production locations

and supply chains. In addition, the transaction generates synergy benefits in procurement,

logistics, IT and in other support functions. Annual estimated synergy benefits from material

purchases are EUR 1.5 million and reachable after 12 months. No significant integration

costs are expected.

Consolidation of ROAL financials into Efore Group is planned to start from the beginning of

July 2013.

Efore Group new management team will be: Vesa Vhmttnen (President and CEO ofEfore Group), Alessandro Leopardi, (CEO and General Manager of ROAL Electronics

S.p.A.), Olli Nermes (EVP, Finance & Administration), Alexander Luiga (EVP, Sales and

Marketing), Markku Kukkonen (EVP, Product Development and Technology) and Mikael

Malm (EVP, Operations, joins Efore on July 29, 2013). Mr. Luiga is responsible for the

telecom sector and Mr. Leopardi for the industrial sector profitability.

Vesa Vhmttnen, President and CEO of Efore Plc:

"This transaction fits perfectly to Efore's strategy and is a major step in our efforts to grow

the industrial sector. ROAL has a strong clientele in Europe and North America which

enables Efore's breakthrough in industrial sector."

"Efore and ROAL complement excellently each other both geographically and by

product segments. The companies share same core competencies and there are no

overlaps between customer relationships or products." adds Alessandro Leopardi, CEO

and General Manager of ROAL Electronics S.p.A.