Sanitec - Company Announcement

Geberit has announced that it extends the acceptance period for its public tender offer until and including 2 February 2015

On 14 October 2014, Sanitec Corporation announced that Geberit AG has decided to
launch a public tender offer concerning all outstanding shares in Sanitec
Corporation.

The acceptance period for the offer started on 17 November 2014 and was
initially scheduled to end on 22 December 2014. According to the release
published today by Geberit AG, at the end of the acceptance period on 22
December 2014 the tender offer had been accepted by shareholders representing in
total 96,377,585 shares in Sanitec Corporation, corresponding to 96.56 percent
of the shares and voting rights in Sanitec Corporation based on 99,810,000
outstanding shares in Sanitec Corporation (excluding the 190,000 treasury shares
currently held by Sanitec Corporation). Geberit AG has extended the offer period
until and including 2 February 2015, 5:00 p.m. (CET) to provide more time for
the relevant competition authority to give their approval, which is a condition
for the completion of the tender offer, and to allow the remaining shareholders
in Sanitec to consider and to accept the tender offer.

The release by Geberit AG referred to above is attached in its entirety to this
stock exchange release as Appendix 1.

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Appendix 1: Media release by Geberit AG, 23 December 2014

MEDIA RELEASE

The offer referred to in this press release is not being made, whether directly
or indirectly, in Australia, Canada, Hong Kong, Japan, New Zealand or South
Africa or in any other jurisdictions where such offer pursuant to legislation
and regulations in such relevant jurisdictions would be prohibited by applicable
law. Shareholders not resident in Sweden who wish to accept the Offer (as
defined below) must make inquiries concerning applicable legislation and
possible tax consequences. Shareholders should refer to the offer restrictions
included in the section titled “Important notice” at the end of this press
release and in the tender offer document which has been published on Geberit's
website www.geberit.com. Shareholders in the United States should also refer to
the section titled “Special notice to shareholders in the United States” at the
end of this press release.

Geberit AG, Rapperswil-Jona, 23 December, 2014, 5.45 p.m. (CET)

Acceptance level of 96.56 percent in Geberit's offer for Sanitec and competition
clearance pending - acceptance period extended

On 14 October 2014, Geberit Aktiengesellschaft (“Geberit”) announced a public
offer to the shareholders of Sanitec Corporation (“Sanitec”) to tender all
shares in Sanitec to Geberit at a price of SEK 97 in cash per share (the
“Offer”).

At the end of the acceptance period on 22 December 2014 the Offer had been
accepted by shareholders representing in total 96.377.585 shares in Sanitec,
corresponding to 96.56 percent of the shares and 96.56 percent of the voting
rights in Sanitec based on 99,810,000 outstanding shares in Sanitec (excluding
the 190,000 treasury shares currently held by Sanitec).

According to Geberit's assessment, the transaction will require the approval of
several merger control authorities within Europe. Geberit has started the
necessary proceedings and has obtained merger clearance in several
jurisdictions. Geberit is confident that also the remaining approval will be
given. However, a longer clearance period has proved necessary.

As previously communicated, completion of the Offer is conditional upon, inter
alia, that all necessary clearances from authorities are obtained. Accordingly,
the conditions for completion of the Offer have not been fulfilled.

To provide the remaining shareholders in Sanitec more time to consider and to
accept the Offer and for the competition authority to give their approval, the
acceptance period has been extended until and including 2 February 2015, 5:00
p.m. (CET). Settlement will be initiated as soon as Geberit announces that the
conditions for the Offer have been fulfilled or Geberit otherwise decides to
complete the Offer. If such announcement takes place on 3 February 2015, at the
latest, the sale and purchase of the shares validly tendered is expected to be
initiated on or about 10 February 2015. Geberit does not intend to acquire
shares in Sanitec outside the Offer.

Geberit Aktiengesellschaft

For additional information, please contact:

Geberit AG Schachenstrasse 77, CH-8645 Jona

Albert M. Baehny, CEO
Tel. +41 (0)55 221 63 46

Roland Iff, CFO
Tel. +41 (0)55 221 66 39

Roman Sidler, Corporate Communications & IR
Tel. +41 (0)55 221 69 47

This information was submitted for publication on 23 December, 2014, 5.45 p.m.
(CET).

Information about the Offer:
www.geberit.com

Important notice

The Offer is not being made, directly or indirectly, in or into Australia,
Canada, Hong Kong, Japan, New Zealand or South Africa or in or into any other
jurisdictions where such offer pursuant to legislation and regulations in such
relevant jurisdictions would be prohibited by applicable law (together, the
“Restricted Jurisdictions”) or by use of mail or any other means or
instrumentality (including, without limitation, facsimile transmission,
electronic mail, telex, telephone and the Internet) of interstate or foreign
commerce, or of any facility of national security exchange, of any Restricted
Jurisdiction, and the Offer cannot be accepted by any such use, means,
instrumentality or facility of, or from within, any Restricted Jurisdiction.
Accordingly, this press release and any documentation relating to the Offer are
not being and should not be sent, mailed or otherwise distributed or forwarded
in or into any Restricted Jurisdiction.

This press release is not being, and must not be, sent to shareholders with
registered addresses in any Restricted Jurisdiction. Banks, brokers, dealers and
other nominees holding shares for persons in any Restricted Jurisdiction must
not forward this press release or any other document received in connection with
the Offer to such persons.

Statements in this press release relating to future status or circumstances,
including statements regarding future performance, growth and other trend
projections and the other benefits of the Offer, are forward-looking statements.
These statements may generally, but not always, be identified by the use of
words such as “anticipates”, “intends”, “expects”, “believes”, or similar
expressions. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will
occur in the future. There can be no assurance that actual results will not
differ materially from those expressed or implied by these forward-looking
statements due to many factors, many of which are outside the control of
Geberit. Any such forward-looking statements speak only as of the date on which
they are made and Geberit has no obligation (and undertakes no such obligation)
to update or revise any of them, whether as a result of new information, future
events or otherwise, except for in accordance with applicable laws and
regulations.

Special notice to shareholders in the United States

The Offer referenced in this press release will be made for shares of Sanitec, a
company incorporated under Finnish law, and is subject to Swedish and Finnish
disclosure and procedural requirements, which are different from those of the
United States. The shares of Sanitec have not been registered under the U.S.
Securities Exchange Act of 1934, as amended (the “U.S. Exchange Act”), and are
not listed or traded on any stock exchange in the United States. Accordingly,
the Offer will be made in the United States in compliance with Section 14(e) of,
and Regulation 14E under, the U.S. Securities Exchange Act , subject to the
exemptions provided by Rule 14d-1(d) under the U.S. Exchange Act and otherwise
in accordance with the requirements of Swedish, and as applicable, Finnish law.
The Offer will be subject to disclosure and other procedural requirements,
including with respect to withdrawal rights, the offer timetable, settlement
procedures and timing of payments that are different from those applicable under
U.S. domestic tender offer procedures and laws. Financial information included
in this announcement, if any, has been prepared in accordance with foreign
accounting standards that may not be comparable to the financial statements of
United States companies.

To the extent permissible under applicable law or regulation, Geberit and its
affiliates or brokers (acting as agents for Geberit or its affiliates, as
applicable) may from time to time after the date hereof, and other than pursuant
to the Offer, directly or indirectly purchase, or arrange to purchase, shares of
Sanitec, that are the subject of the Offer or any securities that are
convertible into, exchangeable for or exercisable for such shares. To the extent
information about such purchases or arrangements to purchase is made public in
Sweden, such information will be disclosed by means of a press release or other
means reasonably calculated to inform U.S. shareholders of Sanitec of such
information. In addition, the financial advisors to Geberit, may also engage in
ordinary course trading activities in securities of Sanitec, which may include
purchases or arrangements to purchase such securities.

NEITHER THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION NOR ANY U.S. STATE
SECURITIES COMMISSION OR REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF
THIS OFFER, PASSED UPON THE FAIRNESS OR MERITS OF THIS ANNOUNCEMENT OR
DETERMINED WHETHER THIS ANNOUNCEMENT IS ACCURATE OR COMPLETE. ANY REPRESENTATION
TO THE CONTRARY IS A CRIMINAL OFFENSE IN THE UNITED STATES.

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For additional information, please contact:

Niklas Alm
Head of Investor Relations
ir@sanitec.com
mob. 46 76 855 7836

Noora Koikkalainen
Head of Corporate Communications
sanitec.corporation@sanitec.com
tel. 358 10 662 5426
About Sanitec - “Home of the Bathroom”

Sanitec is the leader in bathroom ceramics in Europe. We have a unique portfolio
of some of the most well-known brands with deep roots in the European fixtures
markets, strategically positioned to address local markets. We care passionately
about people's needs when it comes to complete bathroom concepts, providing
products that stand for guaranteed quality, high level of innovation and
attractive design. Stable relationships with key stakeholders in the value chain
and our unique brand strengths foster our leading position as well as the
loyalty and trust amongst our customers, our network of installers and the end
users of our products.

Sanitec operates an integrated European group with an unparalleled local
presence to provide the best value when it comes to bathroom products. In 2013
net sales amounted to EUR 702 million. Our production network includes 18
production facilities throughout Europe and currently Sanitec employs
approximately 6,200 people. Our head office is located in Helsinki, Finland. The
shares in Sanitec Corporation are traded on NASDAQ Stockholm under the symbol
“SNTC”.

For more information about Sanitec, please visit www.sanitec.com.

Attachments:

12238919.pdf