Orthex Oyj — Major Shareholding Notification 2021

Nov 17, 2021

Orthex Corporation – Notification under Chapter 9, Section 10 of the Finnish Securities Markets Act: Shareholdings of Ilmarinen exceeded the threshold of 5%

Orthex Corporation – Notification under Chapter 9, Section 10 of the Finnish Securities Markets Act: Shareholdings of Ilmarinen exceeded the threshold of 5%

Orthex Corporation, Stock exchange release, 17 November 2021 at 4.00 p.m. EET

Orthex Corporation has today, on 17 November 2021, received a notification in
accordance with Chapter 9, Section 9 of the Finnish Securities Market Act from
Keskinäinen Eläkevakuutusyhtiö Ilmarinen (“Ilmarinen“), according to which
Ilmarinen’s total holding of the shares and votes in Orthex has exceeded the
threshold of 5%.

Total positions of Ilmarinen in the company according to the notification:

              % of    % of shares  Total of   Total number of shares
              shares  and voting   both in %  and voting rights in
              and     rights                  issuer
              voting  through
              rights  financial
                      instruments

Resulting 5.97 0 5.97 17,758,854
situation on the
date
which threshold
was crossed or
reached
Position of 0 0 0
previous
notification
(if applicable)

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

A: Shares and voting rights

          Number of                 % of
          shares and                shares and
          voting                    voting
          rights                    rights

Class/type Direct(SMA Indirect(SMA Direct(SMA Indirect(SMA 9:6 and 9:7)
of shares 9:5) 9:6 and 9:7) 9:5)
FI4000480504 1,061,000 0 5.97 0
SUBTOTAL A 1,061,000 5.97

Further enquiries

Alexander Rosenlew, CEO, Orthex Corporation
Tel. +358 (0)40 500 3826
alexander.rosenlew@orthexgroup.com

Saara Mäkelä, CFO, Orthex Corporation
Tel. +358 (0)40 083 8782
saara.makela@orthexgroup.com

Orthex in brief

Orthex is a leading Nordic houseware producer that strives to make consumers’
everyday life easier with its products that are presented under the consumer
brands SmartStore™ in storage products, GastroMax™ in kitchenware and Orthex™ in
home and plant care categories. Orthex aims to be the industry forerunner in
sustainability.

Orthex’s net sales in 2020 was 75.9 million euros and operating profit 12.3
million euros. The company has customers in more than 40 countries and local
sales offices in Finland, Sweden, Norway, Denmark, Germany, France, and the
United Kingdom. Orthex is listed on the Nasdaq Helsinki stock exchange.