Harvia Oyj — Major Shareholding Notification 2018

May 23, 2018

Harvia Plc: Disclosure under chapter 9, section 10 of the securities markets act

Harvia Plc: Disclosure under chapter 9, section 10 of the securities markets act

HARVIA PLC STOCK EXCHANGE RELEASE 23 MAY 2018 AT 5.00 P.M. EET

Harvia Plc has received on 23 May 2018 the following notification pursuant to
Chapter 9, section 5 of the Securities Markets Act ("SMA"), according to which
total holding of Handelsbanken Fonder AB (Stockholm, Sweden) in Harvia Plc's
shares and votes has exceeded five (5) percent on 22 May 2018. According to the
notification, the reason for the notification was acquisition of shares or
voting rights.

Aggregate position of Handelsbanken Fonder AB according to notification:

+------------------+------------+-----------------+-----------+----------------+
| | |% of shares and | | |
| |% of shares |voting rights | |Total number of |
| |and |through |Total of |shares and |
| |voting |financial |both |voting |
|  |rights |instruments |in % |rights of issuer|
+------------------+------------+-----------------+-----------+----------------+
|Resulting | | | | |
|situation | | | | |
|on the date on | | | | |
|which | | | | |
|threshold was | | | | |
|crossed | | | | |
|or reached |5.16% |- |5.16% |18,694,236 |
+------------------+------------+-----------------+-----------+----------------+
|Position of | | | | |
|previous | | | | |
|notification (if | | | | |
|applicable) |- |- |- |- |
+------------------+------------+-----------------+-----------+----------------+

Notified details of the resulting situation following the crossing of threshold:

A: Shares and voting rights

+--------------+---------------------------------+-----------------------------+
| |Number of shares and voting | |
|  |rights |% of shares and voting rights|
+--------------+---------+-----------------------+---------+-------------------+
|Class / |Direct |Indirect |Direct |Indirect |
|type of shares|(SMA 9:5)|(SMA 9:6 and 9:7) |(SMA 9:5)|(SMA 9:6 and 9:7) |
+--------------+---------+-----------------------+---------+-------------------+
|FI4000306873 |965,461 |- |5.16% |- |
+--------------+---------+-----------------------+---------+-------------------+
|SUBTOTAL A |965,461 |- |5.16% |- |
+--------------+---------+-----------------------+---------+-------------------+

HARVIA PLC

Additional information:

Ari Vesterinen, CFO
tel. +358 40 5050 440
ari.vesterinen@harvia.fi

Harvia in short

Harvia is one of the leading companies operating in the sauna and spa market
globally, as measured by revenue.([1]) Harvia's brands and product offering are
well-known in the market([2]) and the Company's comprehensive product offering
strives to meet the needs of the international sauna and spa market, of both
private and professional customers.

Harvia's revenue amounted to EUR 60.1 million in 2017, its operating profit was
EUR 9.3 million and adjusted operating profit EUR 10.7 million during the same
period. The Company employs some 365 professionals in Finland, China and Hong
Kong, Romania, Austria, Germany and Estonia. The company's headquarters in
Muurame, Finland are adjacent to its largest sauna and sauna component
manufacturing facility.

([1]) International Management Consultant Analysis conducted in autumn 2017 and
commissioned by Harvia.

([2]) The Harvia brand was the most recognised sauna brand in a survey of
Finnish, Swedish, German, Russian and American consumers (altogether 810
consumers) conducted by an international management consultant company in autumn
2017 and commissioned by Harvia.

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