ALTIA — Share Issue/Capital Change 2018

Apr 19, 2018

Altia Plc: Exercise of over-allotment option and termination of the stabilisation period

Altia Plc: Exercise of over-allotment option and termination of the stabilisation period

Altia Plc  Stock Exchange Release 19 April 2018, at 3:00 p.m. EET

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INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE
REGION OF THE PEOPLE’S REPUBLIC OF CHINA, JAPAN, SOUTH AFRICA OR THE UNITED
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UNLAWFUL.

Altia Plc: Exercise of over-allotment option and termination of the
stabilisation period

With reference to the offering circular published by Altia Plc ("Altia" or the
"Company") on 12 March 2018 and the stock exchange release published on 22 March
2018 regarding the result of the initial public offering of Altia, including a
share sale by the State of Finland of in aggregate 23,000,000 existing shares
(including the over-allotment option) to private individuals and entities in
Finland and to institutional investors in Finland and internationally as well as
an issue of in aggregate 180,485 new shares by Altia to the permanent employees
of Altia (the “Offering”), Altia has received notification that Nordea Bank AB
(publ), Finnish Branch ("Nordea"), acting as stabilizing manager in the
Offering, has today decided to partially exercise the over-allotment option
granted by the State of Finland and, as a result of the share price development
of Altia, Nordea has decided to terminate the stabilisation period.

Nordea will purchase 2,862,519 shares in the Company from the State of Finland
in accordance with the over-allotment option agreed in connection with the
Offering. The State of Finland had, in connection with the Offering, granted
Nordea an option to purchase up to 3,000,000 shares in the Company at a price
corresponding to the price in the Offering, in order to cover any over
-allotments.

Altia announced on 4 April 2018, that Nordea has carried out stabilisation
measures on Nasdaq Helsinki on 23 March 2018 at a price corresponding to the
price in the Offering, i.e. EUR 7.50 per share. After this, Nordea has not
carried out stabilisation measures.

The State of Finland has sold in the Offering a total of 22,862,519 shares in
the Company, including the shares sold by exercise of the over-allotment option.
The ownership of the State of Finland in the Company after exercising the over
-allotment option will be 13,097,481 shares, representing 36.2 percent of all
shares in the Company.

Altia Plc

Additional information

Pekka Tennilä, CEO of Altia
Tua Stenius-Örnhjelm, Investor Relations

For information requests please contact Corporate Communications:

Petra Gräsbeck, Director, Corporate Relations and Communications, tel. +358
40 767 0867

Niina Ala-Luopa, Communications Manager, tel. +358 400 728 957

Distribution

Nasdaq Helsinki Ltd

www.altiagroup.com

Altia in brief

Altia is a leading Nordic alcoholic beverage company operating in the wines and
spirits markets in the Nordic countries, Estonia and Latvia. Altia produces,
imports, markets, sells and distributes both own and partner brand beverages.
The Company also has production in Cognac, France. Further, Altia exports
alcoholic beverages to approximately 30 countries, most of which are in Europe,
Asia and North America. Altia’s own core brands are Koskenkorva, Chill Out,
Blossa, Larsen, O.P. Anderson, Renault, Xanté and Valhalla. Altia’s net sales in
2017 were EUR 359.0 million and the Company employs about 700 professionals.
Altia wants to enhance a modern, responsible Nordic drinking culture.
www.altiagroup.com.

DISCLAIMER

It may be unlawful to distribute this announcement in certain jurisdictions.
This announcement is not for distribution in Australia, Canada, the Hong Kong
special administrative region of the People’s Republic of China, Japan, South
Africa, the United States or to any other jurisdiction where such distribution
would be unlawful. The information in this announcement does not constitute an
offer of securities for sale in such jurisdictions.

This announcement does not constitute an offer for sale of, or a solicitation of
an offer to purchase or subscribe for, any securities in the United States.
Securities may not be offered or sold in the United States unless they are
registered or are exempt from registration under the U.S. Securities Act of
1933, as amended, and the rules and regulations thereunder. Altia Plc (the
“Company”) does not intend to register any portion of this offering in the
United States or to conduct a public offering in the United States. Copies of
this announcement are not being, and should not be, distributed in or sent into
the United States.

The issue and/or sale of securities in connection with the listing on Nasdaq
Helsinki Ltd (the “Helsinki Stock Exchange”) (the “Listing”) are subject to
specific legal or regulatory restrictions in certain jurisdictions. The Company,
Nordea Bank AB (publ) Finnish Branch (“Nordea”), Carnegie Investment Bank AB
(“Carnegie”) and OP Corporate Bank plc (“OP”) (Nordea, Carnegie and OP together
the “Managers”) assume no responsibility in the event there is a violation by
any person of such restrictions.

Nordea, Carnegie and OP are acting exclusively for the Company and for no-one
else in connection with any transaction mentioned in this announcement and will
not regard any other person (whether or not a recipient of this announcement) as
a client in relation to any such transaction and will not be responsible to any
other person for providing the protections afforded to their clients, or for
advising any such person on the contents of this announcement or in connection
with any transaction referred to in this announcement. The contents of this
announcement have not been verified by Nordea, Carnegie or OP and neither
Nordea, Carnegie nor OP accept liability for this information included in this
announcement.

In the United Kingdom, this announcement is for distribution only to and is
directed only at persons who (i) have professional experience in matters
relating to investments which fall within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the
“Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a)
to (d) (“high net worth companies, unincorporated associations etc.”) of the
Financial Promotion Order, or (iii) are persons to whom an invitation or
inducement to engage in investment activity (within the meaning of section 21 of
the Financial Services and Markets Act 2000) in connection with the issue or
sale of any securities may otherwise lawfully be communicated or caused to be
communicated (all such persons together being referred to as “relevant
persons”). This announcement is directed only at relevant persons and must not
be acted on or relied on by persons who are not relevant persons. Any investment
or investment activity to which this announcement relates is available only to
relevant persons and will be engaged in only with relevant persons.

This announcement has been prepared on the basis that any offer of securities in
any Member State of the European Economic Area, other than Finland, which has
implemented the Prospectus Directive (2003/71/EC, as amended, including by
Directive 2010/73/EU, the “Prospectus Directive”) (each, a “Relevant Member
State”) will be made pursuant to an exemption under the Prospectus Directive, as
implemented in that Relevant Member State, from the requirement to publish a
prospectus for offers of securities. Accordingly any person making or intending
to make any offer in that Relevant Member State of securities which are the
subject of the offering contemplated in this announcement, may only do so in
circumstances in which no obligation arises for the Company or any of the global
coordinator to publish a prospectus pursuant to Article 3 of the Prospectus
Directive or supplement a prospectus pursuant to Article 16 of the Prospectus
Directive, in each case, in relation to such offer. Neither the Company nor any
of the Managers have authorised, nor do they authorise, the making of any offer
of the securities through any financial intermediary, other than offers made by
the Managers which constitute the final placement of the securities contemplated
in this announcement. Neither the Company nor any of the Managers have
authorised, nor do they authorise, the making of any offer of securities in
circumstances in which an obligation arises for the Company or any Managers to
publish or supplement a prospectus for such offer.

The information contained in this announcement is for informational purposes
only and does not purport to be full or completed. No reliance may or should be
placed by any person for any purposes whatsoever on the information contained in
this announcement or on its completeness, accuracy or fairness. This
announcement does not constitute or form part of any offer or invitation to sell
or issue, or any solicitation of any offer to purchase or subscribe for any
shares or any other securities nor shall it (or any part of it) or the fact of
its distribution, form the basis of, or be relied on in connection with, any
contract therefor. The information in this announcement is subject to change.
Investors must neither accept any offer for, nor acquire, any securities to
which this document refers, unless they do so on the basis of the information
contained in the applicable prospectus published or offering circular
distributed by the Company.

This announcement includes forward-looking statements, which include statements
regarding the Company’s business strategy, financial condition, profitability,
results of operations and market data, as well as other statements that are not
historical facts. Words such as “believe,” “anticipate,” “plan,” “expect,”
“target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should,”
“aim,” “continue,” “could,” “guidance,” “may,” “potential,” “will,” as well as
similar expressions and the negative of such expressions are intended to
identify forward-looking statements, but are not the exclusive means of
identifying these statements. By their nature, forward-looking statements are
subject to numerous factors, risks and uncertainties that could cause actual
outcomes and results to be materially different from those projected. Readers
are cautioned not to place undue reliance on these forward-looking statements.
Except for any ongoing obligation to disclose material information as required
by the applicable law, the Company does not have any intention or obligation to
publicly update or revise any forward-looking statements after it distributes
this announcement, whether to reflect any future events or circumstances or
otherwise.

Certain figures contained in this announcement, including financial information,
have been subject to rounding adjustments. Accordingly, in certain instances,
the sum or percentage change of the numbers contained in this document may not
conform exactly with the total figure given.
Altia is a leading Nordic alcoholic beverage company operating in the wines and
spirits markets in the Nordic countries, Estonia and Latvia. Altia produces,
imports, markets, sells and distributes both own and partner brand beverages.
The Company also has production in Cognac, France. Further, Altia exports
alcoholic beverages to approximately 30 countries, most of which are in Europe,
Asia and North America. Altia’s own core brands are Koskenkorva, Chill Out,
Blossa, Larsen, O.P. Anderson, Renault, Xanté and Valhalla. Altia’s net sales in
2017 were EUR 359.0 million and the Company employs about 700 professionals.
Altia wants to enhance a modern, responsible Nordic drinking culture.
www.altiagroup.com.