Caverion Oyj

Share Issue/Capital Change • Mar 1, 2018

Results of the directed share issue for Caverion's key employees and transfer of own shares

Caverion Corporation Stock exchange release 1 March 2018 at 9.00 a.m. EET

Results of the directed share issue for Caverion's key employees and transfer of own shares

The Board of Directors of Caverion Corporation has resolved on a directed share issue related to the implementation of the Matching Share Plan 2018-2022 for Group's key employees. More detailed information about the launch of the plan, its terms and conditions and the related share issues was published in a stock exchange release on 7 February 2018.

The share subscription period ended on 23 February 2018. A total of 959,965 Caverion Corporation shares were subscribed for in the share issue. The subscription price was 6.37 euros per share and the total capital raised amounted to 6,114,977.05 euros. The company has granted the plan participants interest-bearing loans in the total amount of approximately EUR3.6 million to finance the acquisition of the company's shares.

A total of 959,965 Caverion Corporation shares held by the company will be transferred to the subscribers on 1 March 2018. After the transfer of shares, the company holds 3,352,363 own shares.

CAVERION CORPORATION

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

For additional information, please contact:

Anne Viitala, Group General Counsel, tel. +358 40 511 6151, anne.viitala@caverion.com

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