Kojamo plc

The IPO of Kojamo has been oversubscribed and the final offer price is EUR 8.50 per share

Stock Exchange Release June 14, 2018, at 2:20 p.m. EET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, JAPAN, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

The Board of Directors of Kojamo Plc ("Kojamo" or "the Company") has today decided together with Ilmarinen Mutual Pension Insurance Company ("Ilmarinen"), Varma Mutual Pension Insurance Company ("Varma"), the Finnish Industrial Union, Trade Union for the Public and Welfare Sectors, Finnish Construction Trade Union, Service Union United PAM, Trade Union PRO and Trade Union of Education OAJ (together, the "Principal Sellers"), on the completion of the initial public offering of Kojamo (the "Offering"). The final price per Offer Share (as defined below) in the Offering is EUR 8.50 per Offer Share, corresponding to a market capitalization of approximately EUR 2,101 million immediately following the Offering.

Demand in the Offering was very strong and the Offering was oversubscribed. Trading in the shares in the Company (the "Shares") is expected to start on the pre-list of Nasdaq Helsinki Ltd ("Nasdaq Helsinki") on or about June 15, 2018.

Kojamo will issue 17,665,039 new shares in the Company (the "New Shares") (the "Share Issue"), corresponding to approximately 7.1 percent of the total number of outstanding Shares after the Offering. In addition, the Principal Sellers and certain other shareholders of the Company (together with Principal Sellers, the "Sellers") will sell 39,202,312 existing Shares (the "Sale Shares") (the "Share Sale"). Unless the context indicates otherwise, the New Shares, the Sale Shares and the Additional Shares (as defined below) are together referred to herein as the "Offer Shares".

63,548,765 Offer Shares will be allocated in private placements to institutional investors in Finland and internationally (the "Institutional Offering"), assuming full exercise of the Over-allotment Option (as defined below) and 1,668,884 Offer Shares will be allocated to private individuals and entities in Finland (the "Public Offering"). In addition, 179,800 Offer Shares will be allocated to employees of the Company and to the members of the Management Team of the Company. The Offering drew significant interest from Finnish and international investors. For investors in Finland, the commitments given in the Public Offering will be accepted in full.