__Disclosure of Change in Shareholdings Under Chapter 9, Section 10 of the Securities Markets Act._

VAAHTO GROUP PLC OYJ STOCK EXCHANGE RELEASE 18.2.2015 at 8:45

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 company has received the below notifications of major shareholdings from Mikko Laakkonen and Nemea Credit Opportunities Fund (a sub-fund of Nemea Alternative Investment Fund (SICAV) Ltd).

MIKKO LAAKKONEN, 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:

Decision of the board of directors of Vaahto Group Plc Oyj made on 15 February 2015 regarding a directed share issue to selected investors.

3 Full names of those with a notification obligation:

Mikko Laakkonen

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

Decision of the board of directors of Vaahto Group Plc Oyj made on 15 February 2015 regarding a directed share issue to selected investors. The threshold of major shareholdings is exceeded when the shares issued in the directed share issue have been registered with the trade register.

5 Exceeded threshold of major shareholdings

Exceeded 20 % and 25 %

The shareholdings have been calculated on the basis of the number of shares held by Mikko Laakkonen, the number of new shares subscribed for by him in the directed share issue, and with respect to the total number of shares in Vaahto Group Plc Oyj, the total number of new shares issued in the directed share issue.

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

1 000 000

16,73

1 000 000

16,73

Position after the arrangement causing the change

Number of shares

% of shares

Number of voting rights

% of voting rights

4 000 000

25,04

4 000 000

25,04

 

NEMEA CREDIT OPPORTUNITIES FUND (A SUB-FUND OD 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:

Decision of the board of directors of Vaahto Group Plc Oyj made on 15 February 2015 regarding a directed share issue to selected investors.

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:

Decision of the board of directors of Vaahto Group Plc Oyj made on 15 February 2015 regarding a directed share issue to selected investors. The threshold of major shareholdings is exceeded when the shares issued in the directed share issue have been registered with the trade register.

5 Exceeded threshold of major shareholdings

Exceeded 5 %, 10 % and 15 %

The shareholdings have been calculated on the basis of the number of shares held by Nemea Credit Opportunities Fund, the number of new shares subscribed for by him in the directed share issue, and with respect to the total number of shares in Vaahto Group Plc Oyj, the total number of new shares issued in the directed share issue.

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

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 18 February 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