Olvi Oyj — M&A Activity 2021

Aug 31, 2021

Olvi confirms acquisition of Danish brewing company Bryggeriet Vestfyen

Olvi confirms acquisition of Danish brewing company Bryggeriet Vestfyen

Olvi plc                                 Stock Exchange Release 31 August 2021
at 9:00 am

Olvi confirms acquisition of Danish brewing company Bryggeriet Vestfyen

Olvi confirms acquisition of Danish brewing company Bryggeriet Vestfyen. The
acquisition will be completed according to the previously announced schedule.

On May 12, 2021, Olvi plc announced a conditional acquisition agreement in a
stock exchange release. The main condition for the completion of the acquisition
was that Olvi would be able to increase its holding to 90 percent. The
acquisition is confirmed with a 96.8 percent holding. Bryggeriet Vestfyen A/S is
part of Olvi Group starting from 1 September 2021.

Bryggeriet Vestfyen consists of a brewery producing beer and soft drinks in
Assens, as well as the Indslev microbrewery located in Norre Aaby. Bryggeriet
Vestfyen was established in 1885. The company employs 100 people. Vestfyen’s
sales volume was 65.2 million litres, net sales 24.6 million euro and gross
margin (EBITDA) 952,000 euro in 2020.

OLVI PLC
Lasse Aho
Managing Director
Further information:
Tiina-Liisa Liukkonen, CFO
telephone +358 290 00 1050
www.olvi.fi

DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Key media
www.olvi.fi