Caverion Oyj

Major Shareholding Notification • Jun 15, 2018

Notification according to Chapter 9, Section 10 of the Finnish Securities Markets Act of change in holdings in Caverion Corporation shares

Caverion Corporation Stock exchange release 15 June 2018 at 4.00 p.m. EEST

Notification according to Chapter 9, Section 10 of the Finnish Securities MarketsAct of change in holdings in Caverion Corporation shares

Caverion Corporation hason 15 June 2018 received an announcement under Chapter 9, Section 5 of the Finnish SecuritiesMarketsAct, according to which the holding of Varma Mutual Pension Insurance Company ("Varma") in Caverion Corporation has increased above the threshold of 5 per cent. The holding increased above the threshold on 15 June 2018 due to Varma'sparticipation in the Share Issue of Caverion.

According to the announcement, the holding of Varma in Caverion is 9,721,407 shares on 15 June 2018, corresponding to 7.00% per cent of Caverion's shares and voting rights. Caverion has one share series, each share entitling to one vote. Caverion's total number of shares amounting to 138,920,092 following the Share Issue has been used in the calculation of percentages for the announcement.

Total positions of person(s) subject to the notification:

	%shares and voting	%of shares and voting rights through financial
	rights	instruments	%of total
Resulting situation on the date on which threshold was crossed or reached	7.00%	0	7.00%
Position of previous notification (if applicable)	4.42%	0	4.42%

Notified detailsof the resulting situation on the date on which the threshold was crossed:

A: Shares and voting rights:

Class/type of shares	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)
FI4000062781	9,721,407	-	7.00%	-
SUBTOTAL A		9,721,407		7.00%

B: Financial instruments according to SMA9:6a:

Type of financial instrument	Expiration date	Exercise/ Conversion Period	Physical or cash settlement	Number of shares and voting rights	%of shares and voting rights
N/A	N/A	N/A	N/A	N/A	N/A
			SUBTOTAL B	N/A	N/A

Information in relation to the person subject to the notification obligation

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.

CAVERION CORPORATION

Distribution: Nasdaq Helsinki, principal media, www.caverion.com

For additional information, please contact:

Milena Hæggström, Head of Investor Relations, tel. 358 40 5581 328, milena.haeggstrom@caverion.com

Caverion provides smart technical solutions and services for buildings, industrial processes and infrastructure. Our unique service offering covers the entire life cycle: design, build and maintenance. Our vision is to be the first choice in digitalising environments for customers, employees, partners and investors. Our revenue in 2017was approximatelyEUR2.3 billion. Caverion has about 16,000 employees in 12 countries in Northern, Central and Eastern Europe. Caverion's shares are listed on Nasdaq Helsinki. www.caverion.comTwitter: @CaverionGroup