EFORE GROUP INTERIM REPORT NOVEMBER 1, 2012 – JULY 31,

Espoo, Finland, 2013-08-20 08:00 CEST (GLOBE NEWSWIRE) -- EFORE PLC  Interim Report   August 20, 2013  9.00 a.m.  Period under the review in brief (November 1, 2011 — July 31, 2012) - Net sales totaled EUR 45.3 million (EUR 55.4 million) - Results from operating activities amounted to EUR -5.1 million (EUR -1.9 million) - Results from operating activities without one-time items were EUR -3.7 million (EUR  0.0 million) - Result before taxes was EUR -5.2 million (EUR -2.5 million) - Result for the period was EUR -5.0  million (EUR -2.2 million) - Earnings per share were EUR -0.13 (EUR -0.5) - Roal Group has been consolidated to Efore Group from July 1, 2013 Third quarter in brief (May 1, 2012 — July 31, 2012) - Net sales totaled EUR 16.7 million (EUR 21.2 million) - Results from operating activities amounted to EUR -1.7 million (EUR 0.3 million) - Results from operating activities without one-time items were EUR -0.9 million (EUR 0.0 million) - Result before taxes was EUR -1.7 million (EUR 0.2 million) - Result for the period was EUR -1.6 million (EUR 0.2 million) - Earnings per share were EUR -0.04 (EUR 0.00) Vesa Vähämöttönen, Efore’s President and CEO: “We took one of the most important steps in Efore history by acquiring the entire share capital of Roal Electronics S.p.A. (Roal). Roal acquisition is a key part of Efore's strategy to grow industrial sector and balance its businesses. Last spring started Efore’s profitability and efficiency improvement is progressing as planned during the current fiscal year. As a result of the implemented actions Efore (without Roal) estimates to reach a positive result with at least EUR 15 million quarterly net sales during the last quarter of the current calendar year. Expanding in industrial sector and materializing synergy benefits from the acquisition will play a substantial role also in improving competitiveness of telecom sector.” NOVEMBER – JULY NET SALES AND FINANCIAL DEVELOPMENT Net sales for the period under the review totaled EUR 45.3 million (EUR 55.4 million). Net sales by customer group were as follows: Telecommunication 65.4 % (79.0 %) and industrial 34.6 % (21.0 %). Geographically Efore’s deliveries were to the following areas: EMEA EUR 24.5 million (EUR 29.7 million), APAC EUR 11.8 million (EUR 18.1 million), Finland EUR 7.2 million (EUR 6.8 million) and the Americas EUR 1.8 million (EUR 0.9 million) which totaled EUR 45.3 million (EUR 55.4 million). Final geographical distribution of Efore’s products deviates from the before mentioned as Efore’s customers distribute further the products from the logistics centres to other markets. Roal Group has been consolidated to Efore Group from July 1, 2013. Roal contributed EUR 3.3 million sale to the Group. Roal acquisition also increased the relative share of the industrial sector. The results from operating activities amounted to EUR -5.1 million (EUR -1.9 million). Results from operating activities include one-time items of approximately EUR 0.4 million related to the profitability and efficiency improvement program as well as costs of the acquisition EUR 1.0 million. NET SALES AND FINANCIAL DEVELOPMENT FOR THE THIRD QUARTER Net sales for the third quarter totaled EUR 16.7 million (EUR 21.2 million). Net sales by customer group were as follows: Telecommunication 56.4 % (81.3 %) and industrial 43.6 % (18.7 %). Geographically Efore’s deliveries were to the following areas: EMEA EUR 8.7 million (EUR 12.6 million), APAC EUR 4.3 million (EUR 6.0 million), Finland EUR 2.3 million (EUR 2.4 million) and the Americas EUR 1.5 million (EUR 0.2 million) which totaled EUR 16.7 million (EUR 21.2 million). Final geographical distribution of Efore’s products deviates from the before mentioned as Efore’s customers distribute further the products from the logistics centres to other markets. The results from operating activities amounted to EUR -1.7 million (EUR 0.3 million). Results from operating activities include one-time items of EUR 0.8 million related to acquisition. BUSINESS DEVELOPMENT Investment in product and technology development during the period under review was EUR 5,0 million (EUR 5.6 million) representing 10,9 % (10.7 %) of net sales. Demand of telecom sector continued at modest level during the third quarter due to the operators’ cautiousness to invest in uncertain world economic situation.   Efore’s strategy implementation progressed significantly when Roal acquisition was completed in July 2013. Efore’s profitability and efficiency improvement program started in March 2013 is progressing as planned and had a slight effect on the third quarter’s result. Efore is targeting to annual cost base reduction of total EUR 1.8 million by the end of the year. As a result of the implemented actions Efore (without Roal) estimates to reach a positive result with EUR 15 million quarterly net sales during the last quarter of the current calendar year. BUSINESS ACQUISITIONS Efore Group acquired the entire share capital of Roal Electronics S.p.A. in July 2013. Roal is established in 1985 and it employs approximately 350 people. Roal Group’s headquarters and R&D are based in Italy and the production unit in Tunisia. Sales and marketing operations are located in Europe, United States and China. The Roal Group's net sales amounted to EUR 39.5 million in 2012. Roal acquisition matches well to Efore’s strategic goals as Roal designs and manufactures similar products with Efore but for different customers and segments. Roal has a strong expertise and close customer relationships in LED drivers which is the fastest growing power products market. Other segments are power products for instrumentation devices, medical equipment and household appliances. Similarity of products and operation models enables to reach synergy benefits. Production capacities, production locations and supply chains can be optimized. 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 can be materialized after 12 months. No significant integration costs are expected. The purchase price amounted to EUR 9.7 million. 60 per cent of the purchase price was paid in cash and 40 per cent in Efore shares. Shares were valued at EUR 0.74 per share. Purchase price paid in Efore shares was equivalent to 5 243 243 Efore shares. Efore board decided to use the AGM authorization to assign the shares to the sellers. The deal was financed with long and short term loans and cash reserves. Other details concerning the acquisition are shown in table section. INVESTMENTS Group investments without Roal acquisition in fixed assets during the period under review amounted to EUR 1.5 million (EUR 1.3 million) of which product development costs were EUR 0,3 million. At the end of the period under review capitalized product development costs amounted to EUR 2.6 million (EUR 0.7 million). FINANCIAL POSITION Interest-bearing liabilities exceeded the consolidated interest-bearing cash reserves by EUR 11.0 million (EUR -1.8 million) at the end of the period under review. The consolidated net financial expenses were EUR 0.1 million (EUR 0.6 million). The cash flow from business operations was EUR -3.0 million (EUR 1.8 million). The cash flow after investments was EUR -8.0 million (EUR 0.5 million). The Group's solvency ratio was 33.8 % (45.1 %) and the gearing was 56.7 % (-8.5%). Liquid assets excluding undrawn credit facilities totaled EUR 3.9 million (EUR 7.5 million) at the end of the period under review.  The balance sheet total was EUR 57.7 million (EUR 47.4 million). PERSONNEL The number of the Group’s own personnel including temporary personnel averaged 775 (895) during the period under review and at the end of the period under review it was 917 (949). Roal acquisition increased the number of the Group’s personnel by 311 persons. SHARES, SHARE CAPITAL AND SHAREHOLDERS Efore Plc's new 5,243,243 issued shares have been registered in the Trade

Register on July 12, 2013. The total number of Efore Plc shares at the end of the period under review was 47.772.891 and the registered share capital was EUR 15.000.000. Based on the decision of the Annual General Meeting on February 7, 2013, Efore Plc transferred 74,791 shares to the members of the Board of Directors as part of the payment of the annual remuneration. At the end of the period under review the number of the Group's own shares was 1.143.753. In addition to this Efore Management Oy, a company belonging to Efore group owned 2.358.242 pcs of Efore shares. The highest share price during the period under review was EUR 0.80 and the lowest price was EUR 0.66. The average price during the period under review was EUR 0.72 and the closing price was EUR 0.73. The market capitalization calculated at the final trading price during the period under review was EUR 28.5 million. The total number of Efore shares traded on the Nasdaq OMX Helsinki during the period under review was 8.0 million and their turnover value was EUR 5.7 million. This accounted for 18.8 % of the total number of shares.  The number of shareholders totaled 3010 (3313) at the end of the period under review. FLAGGING NOTIFICATIONS Following the directed share issue as announced in July 10, 2013, the following changes in holdings exceeding the notification limit have taken effect. Rausanne Group's share of the total number of shares and voting rights, including the companies under its authority (Rausanne Oy, Auratum  Oy and Adafor Oy), in Efore Plc went below 10 % on July 12, 2013. Sievi Capital Oyj's share of the total number of shares and voting rights in Efore Plc went below 15% on July 12, 2013. Efore Management Oy’s share of the total number of shares and voting rights in Efore Plc went below 5 per cent on July 12, 2013. The holdings of Timo Syrjälä, including the companies under his authority, of the share capital and voting rights in Efore Plc went below 5 per cent on July 12, 2013. ACCOUNTING POLICIES the report has been drawn up in accordance with IAS 34 Standard on Interim Financial Reporting and the Group's accounting principles presented in the 2012 annual report. The information in this release is unaudited. All the figures in the report have been rounded up/down, for which reason the total of the individual figures when added together may be different from the total shown. In addition, Before Plc. has adopted new and or amended IFRS-standards that have been presented in the previous Financial Statements. These changes have no any major effect on the Interim Report. SHORT-TERM RISKS AND FACTORS OF UNCERTAINTY The market typical fluctuation in demand can cause rapid changes in Efore’s business.  Business risks are related to the success of key customers in their markets and to Efore's delivery capability for the key customers. Progress of Efore’s product development projects depends on the customers’ own project schedules and the establishment of the whole market. Expanding the company’s product range to standard products in industrial sector means growth of product liability risk. Progress of the EV business depends on the development of the whole market. It has been recognized that global economic development may have an effect on Efore’s business environment A more comprehensive report on risk management is presented on the company's web-sites. OUTLOOK Long-term demand of wireless network equipment is expected to grow depending however on global economic development. Industrial sector offers several growth areas for Efore. Roal acquisition is a key part of Efore's strategy to grow industrial business sector and balance its businesses. In the near future, Efore is concentrating to materialize synergy benefits after the acquisition and to complete the profitability and efficiency improvement program. FINANCIAL ESTIMATE FOR THE FISCAL YEAR 2013 Efore improved its financial estimate for fiscal year 2013 on July 10, 2013 as follows: Net sales of new Efore Group for fiscal year 2013 is estimated to be at least EUR 80 million. EVENTS AFTER THE PERIOD UNDER REVIEW Notice to Extraordinary General Meeting on August 26, 2013 was published on August 5, 2013. In the acquisition release Efore published a plan to strengthen its capital structure in order to continue its strategic change. Efore is planning to increase equity and/or launch equity related loan instruments equivalent to 10 million shares at most. The matter will be on the agenda of the before mentioned extraordinary general meeting. TABLES  

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY A Share capital B Treasury shares C Unrestricted equity reserve D Other reserves E Translation differences F Retained earnings G Equity holders of the parent H Non-controlling interests I Total  

BUSINESS ACQUISITIONS The purchase price amounted to EUR 9.7 million. 60 per cent of the purchase price was paid in cash and 40 per cent in Efore shares. Shares were valued at EUR 0.74 per share. Purchase price paid in Efore shares was equivalent to 5 243 243 Efore shares. Efore board decided to use the AGM authorization to assign the shares to the sellers. Roal acquisition is a key part of Efore's strategy to grow industrial business sector and balance its businesses. Intangible assets arising from business combinations have been recognized separately from goodwill at fair value at the time of acquisition. The Group has allocated EUR 2.0 million to intangible assets mainly related to customer base and product rights. Estimated fair value of the real estate in Italy is EUR 0.9 million lower than the book value was in the acquired company. The goodwill of EUR 1.1 million arose from the acquisition based on the anticipatory synergy benefits. The Group has recognized EUR 1.0 million advisory fees related to the transaction. Fees are included in other operating costs. Roal’s assets and liabilities used in a provisional purchase calculation are based on the situation on June 30, 2013 and on preliminary valuations. The final goodwill can deviate from the goodwill value shown in the provisional purchase calculation. It is supposed that there are no remarkable deviations between the final and provisional purchase calculations.  If Roal Group had been consolidated to Group financial statements as from November 1, 2012, net sales of the Group would have been 70 EUR million and the earlier consolidation as from November 1, 2012 would not have had any major effect on Efore Group’s result.  

EFORE PLC Board of Directors For further information please contact Mr.Vesa Vähämöttönen, President and CEO, on August 20, 2013 at 9 – 11 a.m., tel. +358 9 4784 6312 Efore Plc will hold a news conference regarding the report for analysts and media on August 20, 2013 at 11 a.m. at Hotel Scandic Simonkenttä, Simonkatu 9, Helsinki. DISTRIBUTION Nasdaq OMX Helsinki Oy Principal media Efore Group Efore Group is an international company which develops and produces demanding power products. Efore's head office is based in Finland and its production units are located in China and Tunis. Sales and marketing operations are located in Europe, United States and China. In the fiscal year ending in October 2012, consolidated net sales totaled EUR 78,1 million and the Group's personnel averaged 888. The company's share is quoted on the Nasdaq OMX Helsinki Ltd. www.efore.com