Valoe Oyj — Share Issue/Capital Change 2018

Apr 10, 2018

Disclosure 360560

Valoe Oyj - Changes in company's own shares

Conversion of Convertible Notes Pursuant to Financing Arrangement Between Valoe Corporation and Bracknor Investment

Valoe Corporation Stock Exchange Release 10 April 2018 at 12.00 (Finnish time)

CONVERSION OF CONVERTIBLE NOTES PURSUANT TO FINANCING ARRANGEMENT BETWEEN VALOE CORPORATION AND BRACKNOR INVESTMENT

The Board of Directors of Valoe Corporation (the "Company") has, pursuant to the terms and conditions of the financing arrangement between Valoe Corporation and Bracknor Investment announced on 19 April 2017, resolved to approve the request of Bracknor Investment to convert a proportion of EUR 40,000 of the convertible notes to the shares in the Company at conversion price of EUR 0,56 per share. The conversion shall be executed by transferring a total of 71.428 treasury shares to Bracknor Investment. After the transfer the Company will have in total 142.452 treasury shares.

In Mikkeli on 10 April 2018

Valoe Corporation

BOARD OF DIRECTORS

For more information:

CEO Iikka Savisalo, Valoe Corporation

p. 0405216082

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.