Endomines — Major Shareholding Notification 2022

Dec 22, 2022

Endomines Finland Plc´s ten largest registered shareholders after completion of the offering and the registration of the merger

Endomines Finland Plc´s ten largest registered shareholders after completion of the offering and the registration of the merger

Endomines Finland Plc, stock exchange release 22 December 2022, 9.30

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, HONG KONG, NEW ZEALAND, SINGAPORE,
SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL.

The below table presents the ten largest registered shareholders in Endomines
Finland Plc (the “Company”) after completion of the offering and the
registration of the merger (source: 20 December 2022 Euroclear Finland Ltd).

Shareholder Number of Percentage of the shares and
Shares votes1
JOENSUUN KAUPPA JA 1,631,651 17.6
KONE OY
MARIATORP OY 519,413 5.6
WIPUNEN VARAINHALLINTA 510,654 5.5
OY
K22 FINANCE OY 346,029 3.7
TALOUSTIETO 316,369 3.4
INCREMENTUM OY
EYEMAKER'S FINLAND OY 180,552 1.9
KAKKONEN KARI HEIKKI 170,613 1.8
ILMARI
VIKAKONO OY 143,739 1.5
HIETAMOOR OY 128,455 1.4
DRUMBO OY 125,000 1.3
Ten largest registered 4,072,475 43.8
shareholders, in total
Shares held by 8,000 -
Endomines Finland Plc
Other shareholders3 5,215,484 56.2
In total 9,287,959 100.0 %
1The Company has one
share class and each
share entitles to one
vote in the
shareholders' meeting.
Percentages are
rounded numbers.

2 Shares held by the
Company do not entitle
to vote in the
shareholders´ meeting.

3 Out of other
shareholders,
2,824,047 shares,
representing 30.4
percent of shares and
votes, are nominee
registered.

For further information, please contact:

Mikko Sopanen, CFO, mikko.sopanen@endomines.com, +358 50 434 7439

About Endomines

Endomines is a mining and exploration company with its primary focus on gold.
Endomines is engaged in mining operations at the Pampalo mine in Ilomantsi, and
in exploration activities along the Karelian Gold Line in Eastern Finland.
Endomines also owns rights to several gold deposits in Idaho and Montana, US,
where Endomines aims to continue the development work through partnership
agreements.

IMPORTANT INFORMATION

Neither this release nor the information contained herein is for publication,
distribution or release, in whole or in part, directly or indirectly, in or into
the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South
Africa or Singapore or any other jurisdiction in which publication or
distribution would be unlawful. The information contained herein does not
constitute an offer of securities for sale in the United States, nor may the
securities be offered or sold in the United States. Endomines does not intend to
register any portion of the offering in the United States under the U.S.
Securities Act of 1933, as amended, or to offer securities to the public in the
United States.

The information contained herein shall not constitute an offer to sell or a
solicitation of an offer to purchase or subscribe, nor shall there be any sale
of the securities referred to herein in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration, exemption from
registration or qualification under the securities laws of any such
jurisdiction. 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 prospectus that Endomines Finland will publish.

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