Valoe Oyj — Share Issue/Capital Change 2022

Jul 11, 2022

Disclosure 410672

Valoe Oyj - Changes in company's own shares

Conversion of Loans into Shares Pursuant to Financing Arrangement Between Valoe Corporation and Riverfort

Valoe Corporation Stock Exchange Release 11 July 2022 at 15.00 Finnish time

The Board of Directors of Valoe Corporation (the "Company") has, pursuant to the terms and conditions of the financing arrangement between Valoe Corporation and RiverFort Global Opportunities Pcc Limited (“RiverFort”) announced on 30 July 2021, resolved to approve the request of RiverFort to convert a proportion of EUR 100,666,67 of the outstanding amount (including principal and interest) of the RiverFort financing arrangement into the shares in the Company at conversion price of EUR 0.0609 per share. The conversions shall be executed by transferring a total of 1,653,119 treasury shares to RiverFort.

After the above-mentioned transfer, Valoe will have in total 10,525,805 treasury shares.

In Mikkeli, 11 July 2022

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.