Disclosure of Change in Shareholdings Under Chapter 9, Section 10 of the Securities Markets Act

VAAHTO GROUP PLC OYJ STOCK EXCHANGE RELEASE 3 April 2014 at 8:30 am

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 10 March 2014 decided on a directed share issue. Such issued shares were registered with the Trade Register on 31 March 2014. The company announced the changes to the number of shares in the company on the same date. The company has received the below notifications of major shareholdings from Mikko Laakkonen, Hannu Laakkonen Antti Vaahto, Ilkka Vaahto and Mikko Vaahto.

The total number of shares in the company is 5 977 360.

Notifications of major shareholdings made to Vaahto Group Plc Oyj:

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:

Registration in the Trade Register of new shares in Vaahto Group Plc Oyj on 31 March 2014.

3 Full names of those with a notification obligation:

Mikko Laakkonen

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

The threshold was exceeded when the new shares were registered in the Trade Register on 31 March 2014.

5 Exceeded threshold of major shareholdings

Exceeded 25 %

With respect to the shares held by Mikko Laakkonen, also the 39 580 shares in Vaahto Group Plc Oyj held by Laakkosen Arvopaperi Oy, in which Mikko Laakkonen exercises control together with Hannu Laakkonen, have been taken into account.

6 Information to be disclosed:

Shares and related voting rights upon completion of the arrangement

Position before the arrangement causing the change (including the shares held by Laakkosen Arvopaperi Oy)

Number of shares	% of shares	Number of voting rights	% of voting rights
708 955	17.8	708 955	17.8

Position after the arrangement causing the change (including the shares held by Laakkosen Arvopaperi Oy)

Number of shares	% of shares	Number of voting rights	% of voting rights
1 708 955	28.6	1 708 955	28.6

HANNU 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:

Registration in the Trade Register of new shares in Vaahto Group Plc Oyj on 31 March 2014.

3 Full names of those with a notification obligation:

Hannu Laakkonen

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

The threshold was exceeded when the new shares were registered on in the Trade Register 31 March 2014.

5 Exceeded threshold of major shareholdings

Exceeded 15 %

With respect to the shares held by Mikko Laakkonen, also the 39 580 shares in Vaahto Group Plc Oyj held by Laakkosen Arvopaperi Oy, in which Hannu Laakkonen exercises control together with Mikko Laakkonen, have been taken into account.

6 Information to be disclosed:

Shares and related voting rights upon completion of the arrangement

Position before the arrangement causing the change (including the shares held by Laakkosen Arvopaperi Oy)

Number of shares	% of shares	Number of voting rights	% of voting rights
134 580	3.4	134 580	3.4

Position after the arrangement causing the change (including the shares held by Laakkosen Arvopaperi Oy)

Number of shares	% of shares	Number of voting rights	% of voting rights
1 134 580	19.0	1 134 580	19.0

ANTTI VAAHTO, 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 Oyj on 31 March 2014.

3 Full names of those with a notification obligation:

Antti Vaahto

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

The threshold was fallen below when the new shares were registered in the Trade Register on 31 March 2014.

5 Threshold of major shareholdings fallen below

Fallen below 15 %

With respect to the shares held by Antti Vaahto, also the 124 280 shares in Vaahto Group Plc Oyj held by Kiinteistö Oy Vaahtoila have been taken into account. Antti Vaahto has listed Kiinteistö Oy Vaahtoila as a company controlled by him.

6 Information to be disclosed:

Shares and related voting rights upon completion of the arrangement

Position before the arrangement causing the change (including the shares held by Kiinteistö Oy Vaahtoila)

Number of shares	% of shares	Number of voting rights	% of voting rights
654 929	16.5	654 929	16.5

Position after the arrangement causing the change (including the shares held by Kiinteistö Oy Vaahtoila)

Number of shares	% of shares	Number of voting rights	% of voting rights
654 929	11.0	654 929	11.0

ILKKA VAAHTO, 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 Oyj on 31 March 2014.

3 Full names of those with a notification obligation:

Ilkka Vaahto

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

The threshold was fallen below when the new shares were registered in the Trade Register on 31 March 2014.

5 Threshold of major shareholdings fallen below

Fallen below 10 %

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
453 985	11.4	453 985	11.4

Position after the arrangement causing the change

Number of shares	% of shares	Number of voting rights	% of voting rights
453 985	7.6	453 985	7.6

MIKKO VAAHTO, 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 Oyj on 31 March 2014.

3 Full names of those with a notification obligation:

Mikko Vaahto

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

The threshold was fallen below when the new shares were registered in the Trade Register on 31 March 2014.

5 Threshold of major shareholdings fallen below

Fallen below 10 %

6 Information to be disclosed:

With respect to the shares held by Mikko Vaahto, also the 16 891 shares in Vaahto Group Plc Oyj held by Lutosa Oy have been taken into account. Mikko Vaahto has listed Lutosa Oy as a company controlled by him.

Shares and related voting rights upon completion of the arrangement

Position before the arrangement causing the change (including the shares held by Lutosa Oy)

Number of shares	% of shares	Number of voting rights	% of voting rights
563 139	14.2	563 139	14.2

Position after the arrangement causing the change (including the shares held by Lutosa Oy)

Number of shares	% of shares	Number of voting rights	% of voting rights
563 139	9.4	563 139	9.4

In Lahti on 3 April 2014

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