Orthex Oyj - Other information disclosed according to the rules of the Exchange

EXERCISE OF OVER-ALLOTMENT OPTION RELATED TO THE INITIAL PUBLIC OFFERING OF ORTHEX CORPORATION AND TERMINATION OF THE STABILIZATION PERIOD

Orthex Corporation, April 8, 2021 at 7:30 p.m. EET Stock exchange release

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, NEW ZEALAND, AUSTRALIA, JAPAN, HONG KONG, SINGAPORE
OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.

Orthex Corporation, April 8, 2021 at 7:30 p.m. EET Stock exchange release

Exercise of over-allotment option related to the initial public offering of
Orthex Corporation and termination of the stabilization period

With reference to the listing prospectus of Orthex Corporation (“Orthex“ or the
“Company”), dated March 12, 2021, and the stock exchange release published by
the Company on March 24, 2021, regarding the result of the Company’s initial
public offering, the Company has received a notice that Carnegie Investment Bank
AB, Finland Branch (“Carnegie“), as the stabilizing manager in the initial
public offering, has decided to exercise the over-allotment option granted by
Sponsor Fund IV Ky (“Sponsor Fund“) in full. Carnegie has decided to terminate
the stabilization period as a result of the development of the market price of
the Orthex share. Carnegie has not carried out any stabilization measures since
the listing of the Company.

Pursuant to the over-allotment option granted in connection with the initial
public offering, Carnegie will purchase 1,584,158 shares in the Company from
Sponsor Fund at the initial public offering subscription price.

In connection with the initial public offering, Sponsor Fund has sold a total of
10,081,883 shares in the Company (including the shares sold in connection with
the exercise of the over-allotment option). Following the exercise of the over
-allotment option, Sponsor Fund holds 2,057,725 shares in the Company,
representing 11.59 percent of all the shares and votes carried by the shares in
the Company.

Further enquiries

Saara Mäkelä, CFO, Orthex Corporation
Tel. +358 40 083 8782
saara.makela@orthexgroup.com

Orthex in brief

Orthex is a leading Nordic houseware company. Orthex designs, produces and sells
household products with a mission to make consumers’ everyday life easier:
Orthex strives to create functional, long lasting and sustainable high-quality
household products. Orthex’s products cover multifunctional assortment of
storage boxes, kitchen products and products for home and yard. Orthex markets
and sells its products under three main consumer brands: SmartStore, GastroMax
and Orthex. In addition, it sells externally produced kitchen products under the
Kökskungen brand.

Orthex has more than 100 years of experience in the production, design and
marketing of household products, and it has approximately 800 customers in more
than 40 countries. Orthex’s core geographic markets include the Nordics (i.e.,
Finland, Sweden, Norway, Denmark and Iceland) and export markets, including
Germany, France and the United Kingdom. Orthex is headquartered in Espoo,
Finland, and it currently has seven local sales offices located in the Nordics,
Germany, France and the United Kingdom. Orthex’s production facilities are
located in Tingsryd and Gnosjö, Sweden, and in Lohja, Finland. In addition,
Orthex has centralized warehousing in Sweden and Finland in connection with its
Tingsryd and Lohja production facilities, as well as an outsourced warehouse in
Überherrn, Germany.

Orthex aims to be the industry forerunner in sustainability by promoting safe
and long-lasting products, reducing the carbon footprint of its operations and
products, as well as by sourcing an ever-increasing amount of raw materials from
bio-based and recycled materials. Orthex aims for its production process to be
carbon neutral by 2030.

Important information

This announcement is not being made in and copies of it may not be distributed
or sent into the United States, Canada, New Zealand, Australia, Japan, Hong
Kong, Singapore or South Africa.

This document is not a prospectus for the purposes of Regulation (EU) 2017/1129
(the “Prospectus Regulation”) and underlying legislation. A prospectus prepared
pursuant to the Prospectus Regulation and approved by the Finnish Financial
Supervisory Authority has been published, and can be obtained from the Company
and other places indicated in the prospectus. Investors should not subscribe for
or purchase any securities referred to in this announcement except on the basis
of information contained in the prospectus.

This announcement does not constitute an offer to sell, or a solicitation of an
offer to purchase, any securities in the United States. The securities referred
to herein may not be sold in the United States absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as amended.
The Company does not intend to register any of the securities in the United
States or to conduct a public offering of the securities in the United States.

In any member state of the European Economic Area other than Finland (each a
“Relevant State”), this information and this offering are only addressed to and
directed at persons who are “Qualified Investors” within the meaning of Article
2(e) of the Prospectus Regulation. The securities are only available to, and any
invitation, offer or agreement to subscribe, purchase or otherwise acquire such
securities will be engaged in only with, Qualified Investors. This information
should not be acted upon or relied upon in any Relevant State by persons who are
not Qualified Investors.

This communication does not constitute an offer of the securities to the public
in the United Kingdom. No prospectus has been or will be approved in the United
Kingdom in respect of the securities. This communication is being distributed to
and is directed only at (i) persons who are outside the United Kingdom or (ii)
persons who are investment professionals within the meaning of Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(the “Order”) or (ii) high net worth entities, and other persons to whom this
announcement may lawfully be communicated, falling within Article 49(2)(a) to
(d) of the Order (all such persons together being referred to as “Relevant
Persons”). Any investment activity to which this communication relates will only
be available to and will only be engaged with, Relevant Persons. Any person who
is not a Relevant Person should not act or rely on this document or any of its
contents.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as “believe,” “expect,” “anticipate,”
“intends,” “estimate,” “will,” “may,” “continue,” “should” and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors, which are difficult or
impossible to predict and are beyond its control. Such risks, uncertainties,
contingencies and other important factors could cause actual events to differ
materially from the expectations expressed or implied in this release by such
forward-looking statements.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice.

Information to Distributors

For the purposes of the product governance requirements contained within: (a) EU
Directive 2014/65/EU on markets in financial instruments, as amended (“MiFID
II”); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593
supplementing MiFID II; and (c) Chapter 5 of the Finnish Financial Supervisory
Authority’s regulations regarding investment services and activities, FFFS
2017:2, (together the “MiFID II Product Governance Requirements”), and
disclaiming all and any liability, whether arising in tort, contract or
otherwise, which any “manufacturer” (for the purposes of the MiFID II Product
Governance Requirements) may otherwise have with respect thereto, the shares
have been subject to a product approval process, where the target market for
shares in the Company are: (i) retail investors and (ii) investors who meet the
criteria of professional clients and eligible counterparties, each as defined in
MiFID II (the “target market”). Notwithstanding the assessment of the target
market, distributors should note that: the price of the shares may decline and
investors could lose all or part of their investment; the shares offer no
guaranteed income and no capital protection; and an investment in the shares is
compatible only with investors who do not need a guaranteed income or capital
protection, who (either alone or in conjunction with an appropriate financial or
other adviser) are capable of evaluating the merits and risks of such an
investment and who have sufficient resources to be able to bear any losses that
may result therefrom. The target market assessment is without prejudice to the
requirements of any contractual, legal or regulatory selling restrictions in
relation to the Offering. For the avoidance of doubt, the target market
assessment does not constitute: (a) an assessment of suitability or
appropriateness for the purposes of MiFID II; or (b) a recommendation to any
investor or group of investors to invest in, or purchase, or take any other
action whatsoever with respect to the shares in the Company. Each distributor is
responsible for undertaking its own target market assessment in respect of the
shares in the Company and determining appropriate distribution channels.

Attachments:

04085846.pdf