Valoe Oyj — Major Shareholding Notification 2019

Oct 30, 2019

Disclosure 376069

Valoe Oyj - Major shareholder announcements

Valoe Corporation: Disclosure under Chapter 9, Section 10 of the Securities Market Act

Valoe Corporation Stock Exchange Release 30 October 2019 at 13.10 Finnish time

Valoe Corporation has received the following announcement regarding disclosure under chapter 9, section 10 of the Securities Market Act.

Valoe has received an announcement from Jorma Ollila on 30 October 2019 according to which his shareholding in Valoe shares has crossed the threshold of 5 % of all the shares in Valoe due to a change in the total number of shares of Valoe.

Total positions of Jorma Ollila subject to the notification:

	% of shares and voting rights (total of A)	% of shares and voting rights through financial instruments (total of B)	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	Under 5 %	0 %	Under 5 %

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

Class/Type of shares ISIN code	Number of shares and voting rights	Number of shares and voting rights	% of shares and voting rights	% of shares and voting rights
	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
FI0009006951	4,525,640	0	3.82 %	0 %
A TOTAL	4,525,640	0	3.82 %	0 %

In Mikkeli 30 October 2019

Valoe Corporation

Board of Directors

For more information: Iikka Savisalo

President and CEO, Valoe Corporation

Tel. +358 40 521 6082, email: iikka.savisalo@valoe.com

Distribution:

NASDAQ OMX, Helsinki 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.