Valoe Oyj — Capital/Financing Update 2020

Sep 17, 2020

Disclosure 387165

Valoe Oyj - Other information disclosed according to the rules of the Exchange

ISSUE OF CONVERTIBLE NOTES AND WARRANTS PURSUANT TO FINANCING ARRANGEMENT BETWEEN VALOE CORPORATION AND WINANCE

Valoe Corporation Stock Exchange Release 17 September 2020 at 12.20 Finnish time

Valoe Corporation (the "Company") has, pursuant to the terms and conditions of the financing arrangement between Valoe Corporation and Winance announced on 22 April 2020, withdrawn a total of EUR 300,000 of the second convertible notes tranche and issued to Winance in total 300 convertible notes and in total 1,200,000 warrants related thereto.

In Mikkeli, 17 September 2020

Valoe Corporation

BOARD OF DIRECTORS

For more information:

CEO Iikka Savisalo, Valoe Corporation

Tel. +358 405216082

email: iikka.savisalo@valoe.com

Distribution:

Nasdaq Helsinki Oy

Main media

www.valoe.com

Valoe Corporation specializes in the clean energy, especially in photovoltaic solutions. Valoe provides automated production technology for solar modules based on the company’s own technology; production lines for modules; solar modules and special components for solar modules. Valoe's head office is located in Mikkeli, Finland.