Boreo Oyj

Declaration of Voting Results & Voting Rights Announcements • Dec 7, 2022

Disclosure 415803

Boreo Oyj - Total number of voting rights and capital

Boreo Plc new shares registered to trade register

Boreo Plc Stock exchange release 7 December 2022 at 17:00 EET

Boreo Plc new shares registered to trade register

Boreo Plc announced on 1 December 2022, that it had signed and completed a share purchase agreement to acquire the entire share capital of J-Matic Oy and J-Matic Rent Oy and executes a directed share issuance of 5 000 new shares to the seller as part of the acquisition price. The new shares subscribed have been registered into the Finnish Trade Register today, on 7 December 2022. After the registration of the new shares, the company will have 2 691 708 shares in total.

The new shares produce the shareholder rights as of the registration date to Euroclear Finland Ltd book-entry system, on about 8 December 2022. The new shares will be admitted to trading on the official list of Nasdaq Helsinki Ltd on about 8 December 2022.

Vantaa, 7 December 2022

Boreo Plc

Kari Nerg

CEO

Distribution:

NASDAQ Helsinki Ltd

Principal media

www.boreo.com

For more information:

CEO Kari Nerg

+358 44 341 8514

CFO Aku Rumpunen

+358 40 5563546

Boreo in brief:

Boreo is a company listed on Nasdaq Helsinki that creates value by owning, acquiring and developing small and medium sized companies in Northern Europe. Boreo's business operations are organized into three business areas: Electronics, Technical Trade and Heavy Machines.

Boreo’s main objective is to create shareholder value in the long-term. It aims to achieve this with an acquisition-driven strategy, creating optimal conditions for its businesses to increase sales and improve profitability, and by being a best-in-class home for its companies and personnel. ​

The Group's net sales in 2021 were EUR 122 million and it employs some 300 people in seven countries. The company’s headquarter is in Vantaa.