Pihlajalinna Oyj — M&A Activity 2021

Nov 2, 2021

Finnish Competition and Consumer Authority has initiated further proceedings regarding the merger between Pihlajalinna Plc and Pohjola Hospital Ltd

Finnish Competition and Consumer Authority has initiated further proceedings regarding the merger between Pihlajalinna Plc and Pohjola Hospital Ltd

Pihlajalinna Plc                  Stock Exchange Release               2
November 2021 at 12.00 p.m.

Finnish Competition and Consumer Authority has initiated further proceedings
regarding the merger between Pihlajalinna Plc and Pohjola Hospital Ltd

Pihlajalinna Plc announced on 2 July 2021 that Pihlajalinna Terveys Ltd, which
is part of the Group, has agreed to acquire the entire stock of shares of
Pohjola Hospital Ltd from its current owner Pohjola Insurance Ltd. The
acquisition is subject to a merger control clearance by the Finnish Competition
and Consumer Authority (FCCA). On 30 September, Pihlajalinna announced that it
has submitted the formal merger control notification to the FCCA.

The first phase of the notification proceedings, in accordance with the
Competition Act, concluded today. The FCCA has today made the official decision
to initiate the second phase of the proceedings. According to the Finnish
Competition Act, the second phase of the proceedings may not take more than 69
business days unless the Finnish Market Court grants, upon application, an
extension to the FCCA for further investigating. Without the potential
extension, the second phase of the proceedings will be completed no later than
10 February 2022.

Based on currently available information, Pihlajalinna expects to complete the
acquisition by the end of 2021 or in the first quarter of 2022.

Further information:

Requests for contacts through Pihlajalinna’s communications:
Communications officer Juuso Kauppinen, tel. +358 40 736 5138 or
juuso.kauppinen@pihlajalinna.fi

Distribution:
Nasdaq Helsinki
Major media
investors.pihlajalinna.fi

Pihlajalinna in brief
Pihlajalinna is one of the leading private social and healthcare services
providers in Finland. The company serves private individuals, businesses,
insurance companies and public sector entities, such as municipalities and joint
municipal authorities. Pihlajalinna provides general practitioner services,
specialised care, emergency and on-call services, a wide range of surgical
services, occupational healthcare, dental care and wellbeing services. In
addition, the company offers innovative social and healthcare service provision
models to public sector entities.

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