Statement of the Board of Directors of Uponor Corporation regarding the recommended Voluntary Public Cash Tender offer by GF

Statement of the Board of Directors of Uponor Corporation regarding the recommended Voluntary Public Cash Tender offer by GF

Uponor Corporation Stock exchange release 16 June 2023 at 4.30 pm EET

Statement of the Board of Directors of Uponor Corporation regarding the recommended Voluntary Public Cash Tender offer by GF

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW.

On 12 June 2023, Georg Fischer Ltd. (“GF” or the “Offeror”) announced that it will make a recommended voluntary public cash tender offer to acquire all of the issued and outstanding shares in Uponor Corporation (“Uponor”) that are not held by Uponor or any of its subsidiaries (the “Tender Offer”).

The Board of Directors of Uponor hereby has on 16 June 2023 decided to issue the attached statement regarding the Tender Offer as required by the Finnish Securities Markets Act (746/2012, as amended).

UPONOR CORPORATION

Hans Sohlström
Board member chairing the board ad hoc committee

Further information:
Franciska Janzon
Senior Vice President, Corporate Communications/IR
Uponor Corporation
[e-mail]
Tel. [phone]

Distribution:
Nasdaq Helsinki
Media
www.uponorgroup.com

Uponor in brief

Uponor is a leading global provider of solutions that efficiently and effectively move water through cities, buildings, and homes. We help customers in residential and commercial construction, municipalities, and utilities, be more productive – and continuously find new ways to conserve, manage and provide water responsibly, unlocking its potential to provide comfort, health, and efficiency. Our safe drinking water, energy-efficient radiant heating and cooling systems, and reliable infrastructure solutions are sold in more than 80 countries. Uponor employs about 3,900 professionals in 26 countries in Europe and North America. In 2022, the company’s net sales totalled approximately €1.4 billion. Uponor Corporation is based in Finland and listed on Nasdaq Helsinki. www.uponorgroup.com