Notification on a Change in Holdings Referred to in Chapter 2, Section 10 of the Securities Markets Act

VAAHTO GROUP PLC OYJ STOCK EXCHANGE RELEASE 17.11.2010 at 9.15

NOTIFICATION ON A CHANGE IN HOLDINGS REFERRED TO IN CHAPTER 2, SECTION 10 OF THE SECURITIES MARKETS ACT

Vaahto Group Plc Oyj has on 16 November 2010 published the Board of Directors’ proposal to combine the company’s two share classes. According to information received by Vaahto Group, the proposal would when completed lead to the voting rights of Heikki Vaahto falling below the 3/20 (15%) threshold and the voting rights of Mikko Laakkonen exceeding the 1/10 (10%) threshold.

The share capital of Vaahto Group Plc Oyj comprises a total of 2,872,302 shares (1,452,751 class A shares and 1,419,551 class K shares), said shares entitling to a total of 29,843,771 votes. No more than 113,564 new shares will be issued in the directed free share issue in connection with the proposed combination of share classes.

The notifications on changes in holdings submitted to Vaahto Group Plc Oyj are as follows:

HEIKKI VAAHTO, NOTIFICATION ON A CHANGE IN HOLDINGS

1 Identification data of the share issuer:

Vaahto Group Plc Oyj, business identity number 0520181-3

2 Grounds for the notification:

The proposal published by Vaahto Group Plc Oyj on 16 November 2010 according to which the company’s two share classes be combined such that the company will have only one share class after the combination and each share would confer one vote on its holder and entail equal rights in all other respects.

3 Full names of the entities under obligation to notify:

Heikki Sakari Vaahto

4 Date of transaction and date on which number of shares and voting rights fell below the threshold for notification:

Vaahto Group Plc Oyj has on 16 November 2010 issued a stock exchange release concerning the proposal to the ordinary shareholders’ meeting to resolve on combining the company’s share classes. The decrease under the threshold for notification will take place when the share to be issued in the directed free share issue and the combination of the share classes have been registered with the trade register.

5 Threshold for notification which the number of shares and voting rights has fallen below:

Fallen below 3/20 (15 %)

The shareholdings have been calculated so that the amount of new shares to be issued to Heikki Vaahto in the directed free share issue has been taken into account in his shareholding and the total amount of new shares to be issued in the directed free share issue has been taken into account in Vaahto Group Plc Oyj’s total amount of shares.

6 Information to be notified:

The shares and the voting rights attached thereto upon the implementation of the arrangement

Situation before the arrangement that leads to the change of holdings

Situation before the arrangement that leads to the change of holdings

 

Class of shares Number of shares Number of voting rights
Class A shares 0 0
Class K shares 326,700 6,534,000
Total 326,700 6,534,000

 

Situation after the arrangement that leads to the change of holdings

 

Class of shares Number of shares % of shares Number of voting rights % of votes
Class A shares 352,836 11.82% 352,836 11.82%
Total 352,836 11.82% 352,836 11.82%

MIKKO LAAKKONEN, NOTIFICATION ON A CHANGE IN HOLDINGS

1 Identification data of the share issuer:

Vaahto Group Plc Oyj, business identity number 0520181-3

2 Grounds for the notification:

The proposal published by Vaahto Group Plc Oyj on 16 November 2010 according to which the company’s two share classes be combined such that the company will have only one share class after the combination and each share would confer one vote on its holder and entail equal rights in all other respects.

3 Full names of the entities under obligation to notify:

Mikko Kalervo Laakkonen

4 Date of transaction and date on which number of shares and voting rights exceeded the threshold for notification:

Vaahto Group Plc Oyj has on 16 November 2010 issued a stock exchange release concerning the proposal to the ordinary shareholders’ meeting to resolve on combining the company’s share classes. The exceeding under the threshold for notification will take place when the share to be issued in the directed free share issue and the combination of the share classes have been registered with the trade register.

5 Threshold for notification which the number of shares and voting rights has exceeded:

Exceeded 1/10 (10%)

The shareholdings have been calculated so that the amount of new shares to be issued to Mikko Laakkonen in the directed free share issue has been taken into account in his shareholding and the total amount of new shares to be issued in the directed free share issue has been taken into account in Vaahto Group Plc Oyj’s total amount of shares.

6 Information to be notified:

The shares and the voting rights attached thereto upon the implementation of the arrangement

Situation before the arrangement that leads to the change of holdings

 

Class of shares Number of shares Number of voting rights
Class A shares 352,860 352,860
Class K shares 76,503 1,530,060
Total 429,363 1,882,920

 

Situation after the arrangement that leads to the change of holdings

 

Class of shares Number of shares % of shares Number of voting rights % of votes
Class A shares 435,483 14.58% 435,483 14.58%
Total 435,483 14.58% 435,483 14.58%

In Lahti on 17 November 2010

VAAHTO GROUP PLC OYJ

Anssi Klinga

CEO

Further information:

Anssi Klinga

CEO, Vaahto Group Plc Oyj

tel. +358 50 4661470