Valoe Oyj — Major Shareholding Notification 2023

Feb 23, 2023

Disclosure 428748

Valoe Oyj - Major shareholder announcements

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

Valoe Corporation Stock Exchange Release 23 February 2023 at 09.20 Finnish time

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

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 Savcor Technologies Oy according to which its shareholding in Valoe shares has crossed the threshold of 10 % of all the shares in Valoe due to disposal of shares in Valoe.

Total positions of Savcor Technologies Oy 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	7.00 %	0 %	7.00 %
Position of previous notification (if applicable)	12.07 %	0 %	12.07 %

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	29,298,067	0	7.00 %	0 %
A TOTAL	29,298,067	0	7.00%	0 %

In Mikkeli 23 February 2023

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.