Disclosure of Change in Shareholdings Under Chapter 9, Section 10 of the securities Markets Act_

VAAHTO GROUP PLC OYJ STOCK EXCHANGE RELEASE 1 April  2015 at 18:45

DISCLOSURE OF CHANGE IN SHAREHOLDINGS UNDER CHAPTER 9, SECTION 10 OF THE SECURITIES MARKETS ACT

The board of directors of Vaahto Group Plc Oyj has on 15 February 2015 decided on a directed share issue. The new shares were registered with the Trade Register on 31 March 2015. According to information received by Vaahto Group Plc Oyj, the decision leads to changes in the holdings of shares and votes of, Nemea Credit Opportunities Fund.

The total number of shares and voting rights of Vaahto Group Plc Oyj is 15 977 360.

NEMEA CREDIT OPPORTUNITIES FUND(a sub-fund of Nemea Alternative Investment Fund (SICAV) Ltd), NOTIFICATION OF MAJOR SHAREHOLDINGS

1 Information on the issuer of the shares:

Vaahto Group Plc Oyj, registered number 0520181-3

2 Reason for the notification:

Registration in the Trade Register of new shares in Vaahto Group Plc Oy on 31 March 2015.

3 Full names of those with a notification obligation:

Nemea Credit Opportunities Fund (a sub-fund of Nemea Alternative Investment Fund (SICAV) Ltd)

4 Date of the transaction and the date when the threshold was exceeded:

The threshold was exceeded when the new shares were registered with the trade register, on 31 March 2015.

5 Exceeded threshold of major shareholdings

Exceeded 5 %, 10 %, 15 %

6 Information to be disclosed:

Shares and related voting rights upon completion of the arrangement

Position before the arrangement causing the change

Number of shares	% of shares	Number of voting rights	% of voting rights
	under 5		under 5

Position after the arrangement causing the change

Number of shares	% of shares	Number of voting rights	% of voting rights
3 000 000	18,78	3 000 000	18,78

In Lahti on 1 April  2015

VAAHTO GROUP PLC OYJ

Board of Directors

         Additional information:

         Reijo Järvinen, Chairman of the Board of Directors of Vaahto Group Plc Oyj +358 400 715968