Evli Oyj — M&A Activity 2016

May 31, 2016

Evli Bank Plc to acquire the entire share capital of Evli Alexander Management Oy

Evli Bank Plc to acquire the entire share capital of Evli Alexander Management Oy

EVLI BANK PLC STOCK EXCHANGE RELEASE MAY 31, 2016, AT 2:10 PM

Evli Bank Plc to acquire the entire share capital of Evli Alexander Management
Oy

Evli Bank Plc, Alexander Group Oy and PPs Ventures Oy have today signed an
agreement according to which Evli will purchase the remainder of the joint
venture in which it previously had 45% ownership. This transaction will make
Evli Alexander Management a wholly-owned subsidiary of Evli. The transaction
price, paid in cash, will be EUR 6.6 million.

Evli Alexander Management Oy, which was established in 2007, is the country's
leading producer of administration services for listed companies that use share-
based incentive programs. Several thousand people in Finland are covered by
incentive programs.

"This is an important form of business for Evli and has the potential to create
long-term growth. Incentive programs also create new assets and therefore new
asset management and investor clients in the entrepreneur and corporate
executive segments, which are important for Evli. The administration of
incentive programs is excellently suited for our strategy, as it is contract-
based. The goal of our strategy is to increase the proportion of revenue made up
by recurring income," says Maunu Lehtimäki, CEO of Evli Bank.

After the transaction, Evli Alexander Management will continue to serve its
customers as before. The company's current executives are committed to
continuing their work in the company, in developing operations and increasing
their ownership of company shares. Pertti Helaniemi will continue as the
company's Managing Director.

"The transaction will make our cooperation with Evli even closer, which is a
very good thing for clients. We will now be able to offer our clients a seamless
and comprehensive client experience in all stages of the service chain. We will
be able to meet customer needs even better, especially in digital services, as
we will be able to use Evli's strong expertise in online investment and asset
management services in the development of our services," says Pertti Helaniemi.

Evli Alexander Management will continue to work with Alexander Incentives Oy
(part of Alexander Group Oy), the country's leading designer of incentive
programs.

"Alexander Incentives provides remuneration advisory services and designs
incentive programs. Evli Alexander Management offers incentive program
administration services. The close cooperation of the leading companies in these
sectors is the perfect way to significantly increase the quality of the services
offered by the companies. Therefore the cooperation between these companies,
which has lasted almost 10 years, will continue despite the share transaction,"
says Yrjö Kopra, CEO of Alexander Group Oy.

Evli Alexander Management Oy's revenue in 2015 was about EUR 3.5 million and its
operating profit was about EUR 1 million.

The transaction will not have a significant impact on Evli Bank Plc's income
statement or earnings per share.

Additional information:

Maunu Lehtimäki, CEO, Evli Bank Plc, tel. +358 (0)9 4766 9304
Pertti Helaniemi, Managing Director, Evli Alexander Management Oy, tel. +358
(0)9 4766 9421

Evli Bank Plc in brief

Evli is a genuine private bank specializing in investment that helps private
persons and institutions increase their wealth. The company offers asset
management services, capital markets related services, such as brokerage of
equities and other instruments, market making, investment research and a full
range of Corporate Finance services.

Distribution: Nasdaq Helsinki Ltd, main media, www.evli.com

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