Musti Group Oyj — Major Shareholding Notification 2021

Dec 22, 2021

Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

Announcement of a change in shareholding according to Chapter 9, Section 10 of
the Finnish Securities Market Act

Musti Group plc        Stock Exchange Release            22 December 2021, at
17.30

Musti Group plc (the "Company") has received a notification in accordance with
Chapter 9, Section 10 of the Finnish Securities Market Act, according to which
the total direct and indirect holdings of Ameriprise Financial, Inc. have on 9
December 2021 increased above 5 percent of the Company's shares and votes.

According to the notification, the shares are held in portfolios and funds
managed on a discretionary basis by Threadneedle Asset Management Limited, and
the shares are held through certain nominee companies. No shareholder specified
in the notification individually holds over 5 percent of the Company's shares
and votes.

Total positions of Ameriprise Financial, Inc. according to the notification:

              % of    % of shares and     Total  Total number of shares
              shares  voting rights       of     and voting rights of
              and     through financial   both   issuer
              voting  instruments (total  in %
              rights  of B)               (A +
              (total                      B)
              of A)

Resulting 5.01 N/A 5.01 33,535,453
situation on the %  %
date on
which threshold
was crossed or
reached
Position of N/A  N/A N/A
previous
notification
(if applicable)

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

A: Shares and voting rights

Class/type Number of % of shares and voting rights
of shares shares
and
voting
rights
ISIN code Direct Indirect Direct Indirect
(if (SMA 9:5) (SMA 9:6 (SMA 9:5) (SMA 9:6 and 9:7)
possible) and 9:7)
FI4000410758 5,490 1,675,842 0.02% 4.99%
SUBTOTAL A 1,681,332 5.01%

Information in relation to the person subject to the notification obligation:

Full chain of
controlled
undertakings
through which
the
shares,
voting rights
or financial
instruments
are
effectively
held
(starting
with the
ultimate
controlling
natural
person
orlegal
entity):
Name % of shares % of shares and voting rights Total of both
and voting through financial instruments
rights
Ameriprise
Financial,
Inc.
TAM UK
International
Holdings
Limited
Threadneedle
Asset
Management
Oversight
Limited
Ameriprise
International
Holdings
GmbH
Threadneedle
Asset
Management
Holdings
Sarl
Threadneedle
Holdings
Limited
TAM UK
Holdings
Limited
Threadneedle
Asset
Management
Holdings
Limited
TC Financing
Limited
Threadneedle 5.014% 5.014%
Asset
Management
Limited

Additional information

Toni Rannikko, CFO, Musti Group Plc, tel. +358 40 078 8812,
toni.rannikko@mustigroup.com

Musti Group in brief

Musti makes the life of pets and their owners easier, safer and more fun. We are
the leading Nordic pet care company, and we operate an omnichannel business
model to cater for the needs of pets and their owners across Finland, Sweden and
Norway. We offer a wide, curated assortment of pet products. We also provide pet
care services such as grooming, training and veterinary services in selected
locations.

Musti Group’s net sales were EUR 341 million in the financial year 2021. At the
end of the financial year 2021, the company had 1,397 employees, 1.3 million
loyal customers and 312 stores.