Tokmanni Group Oyj

Board/Management Information • Apr 25, 2017

Disclosure 351531

Tokmanni Group Oyj - Changes board/management/auditors

Tokmanni Group Corporation: CEO Heikki Väänänen to leave the company by the end of September

Tokmanni Group Corporation Company release 25 April 2017 at 4 p.m. EEST Tokmanni Group's CEO Heikki Väänänen to leave the company by the end of September Tokmanni's CEO Heikki Väänänen has decided to leave the company by 30 September 2017. " I have served as Tokmanni's CEO for eight years, a period during which the company has undergone major change and has been developed in a determined way. Tokmanni has had a good start as a public company and has transferred into a new strategy period. This is a natural point for me to step down and pass responsibility over to a new leader", says Heikki Väänänen. "Heikki has had a key position in Tokmanni's development, of which the latest manifestation is our successful IPO. We want to thank Heikki for his long and meritorious work at Tokmanni", says Chairman of the Board Harri Sivula. Heikki Väänänen has been employed by Tokmanni since 2009. Tokmanni has initiated the successor recruitment process. TOKMANNI GROUP CORPORATION For more information: Harri Sivula, Chairman of the Board Tel. +358 50 656 92 Tokmanni in brief Tokmanni is the largest general discount retailer in Finland measured by number of stores and revenue. In 2016, Tokmanni's revenue was EUR 776 million and on average it had approximately 3,200 employees. Tokmanni is the only nationwide general discount retailer in Finland, with 162 stores across Finland as at 31 December 2016. Distribution: Nasdaq Helsinki Ltd Main news media []