Olvi Oyj

Major Shareholding Notification • Aug 31, 2017

OLVI PLC STOCK EXCHANGE RELEASE 31 AUG 2017

Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

Olvi plc (Business ID 0170318-9) has on 31 August 2017 received a notice in accordance with the Securities Markets Act from FMR LLC.

Through a transaction concluded on 25 August 2017, the holding of entities controlled by FMR LLC has increased to five (5) percent of Olvi plc's Series A shares.

Olvi plc has two (2) series of shares. Olvi plc has a total of 20,758,707 shares divided into 3,732,256 Series K shares and 17,026,552 Series A shares. At the General Meeting of Shareholders, each Series K share carries 20 votes, and each Series A share carries one vote.

• 1. Identity of the issuer: OLVI PLC
• 1. Reason for the notification: An acquisition of shares
• 1. Details of person subject to the notification obligation: FMR LLC

Total positions of person(s) subject to the notification obligation:
	% 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	5.00% Shares 1.13% Voting Rights	0.00% Shares 0.00% Voting Rights	5.00% Shares 1.13% Voting Rights	20,758,808 Shares 91,671,672 Voting Rights
Position of previous notification (if applicable)	N/A	N/A	N/A

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	Number of shares and voting rights		% of shares and voting rights
ISIN code	Direct	Indirect	Direct	Indirect
	(SMA 9:5)	(SMA 9:6 and 9:7)	(SMA 9:5)	(SMA 9:6 and 9:7)
FI0009900401		1,038,031 Shares 1,038,031 Voting Rights		5.00% Shares 1.13% Voting Rights
SUBTOTAL A		1,038,031 Shares 1,038,031 Voting Rights		5.00% Shares 1.13% Voting Rights

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 instruments	Total of both
FIAM LLC	0.38% Shares	0.00% Shares	0.38% Shares
	0.09% Voting Rights	0.00% Voting	0.09% Voting Rights
		Rights
Fidelity Institutional	0.06% Shares	0.00% Shares	0.06% Shares
Asset Management	0.01% Voting Rights	0.00% Voting	0.01% Voting Rights
Trust Company		Rights
FIDELITY	1.43% Shares	0.00% Shares	1.43% Shares
MANAGEMENT &	0.32% Voting Rights	0.00% Voting	0.32% Voting Rights
RESEARCH (JAPAN)		Rights
LIMITED
FMR CO., INC	1.16% Shares	0.00% Shares	1.16% Shares
	0.26% Voting Rights	0.00% Voting	0.26% Voting Rights
		Rights
FMR INVESTMENT	1.97% Shares	0.00% Shares	1.97% Shares
MANAGEMENT (UK)	0.45% Voting Rights	0.00% Voting	0.45% Voting Rights
LIMITED		Rights

OLVI PLC

Further information: Lasse Aho, Managing Director, Olvi plc Phone +358 290 00 1050 or +358 400 203 600

DISTRIBUTION: NASDAQ OMX Helsinki Ltd Key media www.olvi.fi