Orion Oyj

Share Issue/Capital Change • Dec 28, 2022

Disclosure 416612

Orion - Other information disclosed according to the rules of the Exchange

40,443 Orion Corporation A shares converted into B shares

ORION CORPORATION

STOCK EXCHANGE RELEASE - OTHER INFORMATION DISCLOSED ACCORDING TO THE RULES OF THE EXCHANGE

28 DECEMBER 2022 at 9.30 EEST

40,443 Orion Corporation A shares converted into B shares

In accordance with Section 3 of the Articles of Association of Orion Corporation, 40,443 A shares have been converted into 40,443 B shares. The conversion has been entered into the Trade Register on 28 December 2022.

The total number of shares in Orion Corporation is 141,134,278 which, after the conversion, consists of 34,186,494 A shares and 106,947,784 B shares. The number of votes of the company's shares is after the conversion 790,677,664.

Orion Corporation

Jari Karlson CFO		Olli Huotari SVP, Corporate Functions

Contact person:

Tuukka Hirvonen, Investor Relations, tel. +358 10 426 2721

Publisher:

Orion Corporation

Communications

Orionintie 1A, FI-02200 Espoo, Finland

www.orion.fi

Orion is a globally operating Finnish pharmaceutical company – a builder of well-being. Orion develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients. The company is continuously developing new drugs and treatment methods. The core therapy areas of Orion's pharmaceutical R&D are oncology and pain. Orion's net sales in 2021 amounted to EUR 1,041 million and the company had about 3,350 employees at the end of the year. Orion's A and B shares are listed on Nasdaq Helsinki.