Lassila & Tikanoja Oyj

Major Shareholding Notification • Nov 5, 2019

Disclosure 376302

Lassila & Tikanoja - Major shareholder announcements

Lassila & Tikanoja plc: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

Lassila & Tikanoja plc

Stock exchange release

5 November 2019 10:00 am

Lassila & Tikanoja plc: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

Lassila & Tikanoja received a notification on 1 November 2019, according to which Kabouter International Opportunities Fund II LLC's holding in Lassila & Tikanoja decreased below 5 percent on 31.10.2019. Kabouter International Opportunities Fund II LLC’s holding in Lassila & Tikanoja decreased in 1,655,022 shares, which is 4.30% of Lassila & Tikanoja’s shares and voting rights. Lassila & Tikanoja has used the registered total number of shares and voting rights amounting to 38,798,874 in the calculation of percentages for the announcements.

	** % of shares and voting rights**	% of shares and voting rights through financial instruments	Total of both in %	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	less than 5%		less than 5%	38 798 874
Position of previous notification (if applicable)	6.99%		6.99%

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights:

Class/type of shares, ISIN code	Number of shares and voting rights	% of shares and voting rights
	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
FI0009010854	1,655,022	0	4.30%	0
SUBTOTAL A	1,655,022	4.30%

Information in relation to the person subject to the notification obligation:

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:

Name	% of shares and voting rights	% of shares and voting rights through financial instrumentes	Total of both:
Kabouter Management, LLC	less than 5%		less than 5%
Kabouter International Opportunities Fund II, LLC	less than 5%		less than 5%

Holdings of Kabouter International Opportunities Fund II, LLC, have on an individual basis, fallen below 5%.

Kabouter International Opportunities Fund II, LLC, is controlled by Kabouter Management, LLC. According to the notification, the holdings of Kabouter Management, LLC, when calculated on an aggregate basis, have not reached, exceeded or fallen below a notifiable threshold. According to the notification, the aggregate holding of Kabouter Management, LLC, is 5.04%.

LASSILA & TIKANOJA PLC

Eero Hautaniemi

President and CEO

Additional information:

Eero Hautaniemi, President and CEO, tel. +358 10 636 2810

Valtteri Palin, CFO, tel. +358 40 734 7749

Lassila & Tikanoja is a service company that makes circular economy a reality. Together with our customers, we keep materials and properties in productive use for as long as possible and we enhance the use of raw materials and energy. We help our customers maintain the value of their properties and materials while protecting the environment. We achieve this by delivering responsible and sustainable service solutions that make the daily lives of our customers easier. We operate in Finland, Sweden, and Russia. L&T employs 8,600 people. Net sales in 2018 amounted to EUR 802.2 million. L&T is listed on Nasdaq Helsinki.

Distribution:

Nasdaq Helsinki

Major media

www.lt.fi/en