Evli Oyj — Major Shareholding Notification 2020

Apr 27, 2020

Evli Bank Plc: Flagging announcement pursuant to Securities Markets Act Chapter 9, Section 10

Evli Bank Plc: Flagging announcement pursuant to Securities Markets Act Chapter 9, Section 10

EVLI BANK PLC STOCK EXCHANGE RELEASE APRIL 27, 2020, 1.00 PM (EET/EEST)

Evli Bank Plc (business code 0533755-0) has received a disclosure under Chapter 9, Section 5 of the Securities Markets Act, according to which the total percent of votes of Oy Fincorp Ab has exceed the threshold of 15 percent of Evli Bank Plc’s total number of voting rights.

Evli Bank Plc’s share capital comprises of 23,901,420 shares, of which 15,015,651 are A-shares and 8,885,769 are B-shares. Each A-share entitles its holder to twenty (20) votes and each B-share to one (1) vote. The total number of votes is 309,198,789.

Oy Fincorp Ab’s ownership of Evli Bank Plc's shares and votes according to the notification:

	% of shares and voting rights (total of A)	% of shares and voting rights through financial instruments (total of B)	Total of both in % (A+B)	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	11.47% of shares 15.14% of votes	-	11.47% of shares 15.14% of votes	23,901,420 shares and 309,198,789 votes
Positions of previous notification	11.45% of shares 15.00% of votes	-	11.45% of shares 15.00% of votes

Notified details of the resulting situation on the date on which the threshold was crossed or reached

Shares and voting rights:

Class/type of shares ISIN code	Number of shares and voting rights	Number of shares and voting rights	% 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)
FI4000170915 (Evli Series B-share)	420,991 shares and 420,991 votes		4.74% of shares and 4.74% of votes
FI0009015630 (Evli series A-share)	2,319,780 shares and 46,395,600 votes		15.45% of shares and 15.45% of votes
SUBTOTAL	2,740,771 shares and 46,816,591 votes		11.47% of shares and 15.14% of votes

The total percent of votes of Oy Fincorp Ab reached 15.00 percent on October 24, 2019, which was flagged on October 24, 2019. In December, Evli Bank Plc's other shareholder converted A shares into B shares, as a result of which the number of votes of the flagger increased by 0.0073 percent to 15.0073 percent. No flagging notification was made for this event. With Evli Bank Plc's new conversion made on April 24, 2020, in which the A shares of other shareholders were converted into B shares, the number of votes of the person required to flag increased to 15.14%.

EVLI BANK PLC

Juho Mikola

CFO

**For additional information, please contact:

**Mikaela Herrala, Marketing, Communications and IR Manager, Evli Bank Plc, tel. +358 50 544 5740, mikaela.herrala@evli.com

Evli Bank Plc

Evli is a bank specialized in investments that helps institutions, corporations and private persons increase their wealth. The product and service offering includes mutual funds, asset management and capital markets services, alternative investment products, equity research, the administration of incentive programs and Corporate Finance services. The company also offers banking services that support clients' investment operations. Evli is the highest ranked and most used institutional asset manager in Finland*.

Evli has a total of EUR 12.2 billion in client assets under management (net 3/2020). Evli Group's equity capital totals EUR 67.5 million and its BIS capital adequacy ratio is 14.6 percent (March 31, 2020). The company has around 250 employees. Evli Bank Plc's B shares are listed on Nasdaq Helsinki Ltd.

*KANTAR SIFO Prospera External Asset Management Finland 2015, 2016, 2017, 2018, 2019 and SFR Scandinavian Financial Research Institutional Investment Services, Finland 2015, 2016, 2017, 2018.

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