Caverion Oyj

Major Shareholding Notification • Feb 19, 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 19 February 2018 at 3.00 p.m. EET

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

Caverion Corporation has on 19 February 2018 received an announcement under Chapter 9, Section 5 of the Finnish Securities Markets Act, according to which the holding ofAntti Herlin, a member of the Board of Directors in Caverion Corporation through Security Trading Oy ("Security Trading", a company owned by Antti Herlin, business identity code 1948052-6) has decreased below the threshold of 15 per cent. According to the announcement, the holding decreased below the threshold on 19 February 2018 due to dilution related to Caverion Corporation's share issue to the Company itself.

According to the announcement, the combined holding ofAntti Herlin and Security Trading in Caverion is 19,050,180 shares on 19 February 2018, corresponding to 14.72% per cent of Caverion's shares and voting rights. The direct holding of Security Trading in Caverion is 19,020,000 shares on 19 February 2018, corresponding to 14.699% per cent of Caverion's shares and voting rights. Caverion has one share series, each share entitling to one vote. Caverion's registered total number of shares amounting to 129,396,092 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	%of
	rights	instruments	total
Resulting situation on the date on which threshold was crossed or reached	14.72%		0 14.72%
Position of previous notification (if applicable)	15.05%		0 15.05%

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	Indirect	Direct	Indirect
	(SMA 9:5)	(SMA 9:6 and 9:7)	(SMA 9:5)	(SMA 9:6 and 9:7)
FI4000062781	19,050,180	-	14.72%	-
SUBTOTAL A		19,050,180		14.72%

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

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	Number of shares and voting	%of shares and voting	%of shares and voting rights through financial	Total of
	rights	rights	instruments	both
Antti Herlin	30,180	0.023%	0%	0.023%
Security Trading	19,020,000
Oy		14.699%	0%	14.699%

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