SRV Yhtiöt Oyj — Major Shareholding Notification 2020

May 20, 2020

SRV Group Plc: Flagging notification in accordance with Chapter 9, Section 10 of the Securities Markets Act

SRV Group Plc: Flagging notification in accordance with Chapter 9, Section 10 of the Securities Markets Act

SRV GROUP PLC   STOCK EXCHANGE RELEASE     20 MAY 2020 AT 12.10 EET

SRV Group Plc: Flagging notification in accordance with Chapter 9, Section 10 of
the Securities Markets Act

SRV Group Plc has received an announcement from Erkki Etola on 20 May 2020, in
accordance with the Finnish Securities Market Act Chapter 9, Section 5.
According to the announcement Erkki Etola’s indirect holding through Tiiviste
-Group Oy, a company controlled by him, in SRV Group Plc has on 19 May 2020
decreased below 5 per cent of the total shares and votes in SRV Group Plc as a
result of SRV Group Plc's directed share issue.

Total position of Erkki Etola subject to the notification:

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

Resulting 4.63% – 4.63% 131,967,970
situation on the
date on
which threshold
was crossed or
reached
Position of 10.10% – –
previous
notification
(if applicable)

Notified details of the resulting situation on the date on which the threshold
was crossed:
A: shares and voting rights

Class/type Number % of shares and voting rights
of of
shares shares
ISIN code and
(if voting
possible) rights
Direct Indirect Direct Indirect
(SMA (SMA 9:6 and 9:7) (SMA 9:5) (SMA 9:6 and 9:7)
9:5)
FI0009015309 - 6,111,821 - 4.63%
SUBTOTAL A 6,111,821 4.63%

Information in relation to the person subject to the notification obligation and
full chain of controlled undertakings through which the voting rights or the
financial instruments are held:

Name % of shares % of shares and voting rights Total of both
and voting through financial instruments
rights
Erkki – – –
Etola
Tiiviste 4.63% – 6,111,821
-Group
Oy

Additional information included in the flagging notification:

The share of ownership of Tiiviste-Group Oy, a company controlled by Erkki
Etola, of the total amount of shares in SRV Group Plc has decreased below the
notification thresholds of 10 per cent and 5 per cent.

The flagging notification describes the share of ownership of companies
controlled by Erkki Etola in the target company after the obligation to notify
major holdings has arisen.

Tiiviste-Group Oy is a company controlled by Erkki Etola through direct
ownership (85.6 per cent).

SRV Group Plc

For further information, please contact:
Ilkka Pitkänen, CFO, tel. +358 (0)40 667 0906, ilkka.pitkanen@srv.fi

Distribution:
Nasdaq Helsinki
Main media
www.srv.fi

You can also find us on the social media:

Facebook (https://www.facebook.com/srv.fi)
LinkedIn (https://www.linkedin.com/company/srv)
Twitter (https://twitter.com/SRVYhtiot)
Instagram (https://instagram.com/srvfinland/)

SRV in brief
SRV is a bold developer and innovator in the construction industry. We want to
offer the best customer experience as a constructor of urban city centres, while
also being the most attractive employer in the industry. Our genuine cooperation
and enthusiasm for our work comes across in every encounter. Sustainability is
reflected in all our activities.

Established in 1987, we are a publicly listed company since 2007 in Helsinki
Nasdaq stock exchange that operates in selected growth centres in Finland and
Russia. Our revenue in 2019 was EUR 1,061 million. Over 1,000 people work for us
and we employ a network of almost 4,000 subcontractors in our projects.

SRV - Building for life