Orthex Oyj - Major shareholder announcements

ORTHEX CORPORATION: NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE SECURITIES MARKETS ACT

Orthex Corporation, April 8 2021 at 7:50 p.m. EET Stock exchange release
(Flagging notification)

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: Notification pursuant to chapter 9, section 10 of the
Securities Markets Act

Orthex Corporation (“Orthex“ or the “Company”) has, on April 8, 2021, received a
notification in accordance with Chapter 9, Section 10 of the Securities Markets
Act from Sponsor Partners Oy (“Sponsor“), according to which Sponsor’s indirect
holding through financial instruments fell below the threshold of 5 percent and
the total position through indirect holdings of shares and votes and through
financial instruments fell below the threshold of 15 percent on April 8, 2021.

The change was due to a share lending agreement entered into by Sponsor Fund IV
Ky (“Sponsor Fund“), a partnership ultimately controlled by Sponsor, and
Carnegie Investment Bank AB, Finland branch (“Carnegie“), in connection with the
initial public offering of the Company, according to which Sponsor Fund has lent
1,584,158 existing shares in the Company to Carnegie on March 25, 2021. Carnegie
has exercised the over-allotment option described in the Company’s listing
prospectus, dated March 12, 2021, in full. Carnegie has purchased 1,584,158
shares in the Company from Sponsor Fund pursuant to the over-allotment option.
As a result, Sponsor’s indirect holding through financial instruments has
decreased to zero, i.e., below the threshold of 5 percent, and the total
position through indirect holdings of shares and votes and through financial
instruments has fallen below the threshold of 15 percent.

Total positions of Sponsor in the Company according to the notification:

                  % of    % of shares  Total of   Total number of shares
                  shares  and voting   both in %  and voting rights in
                  and     rights                  issuer
                  voting  through
                  rights  financial
                          instruments
Resulting         11.59   0            11.59      17,758,854
situation on the
date
which threshold
was crossed or
reached
Position of       11.59   8.92         20.51
previous
notification
(if applicable)

Notified details of the resulting situation on the date on which the threshold
was crossed:

A: Shares and voting rights

              Number of                 % of
              shares and                shares and
              voting                    voting
              rights                    rights
Class/type    Direct(SMA  Indirect(SMA  Direct(SMA  Indirect(SMA 9:6 and 9:7)
of shares     9:5)        9:6 and 9:7)  9:5)
FI4000480504  –           2,057,725     –           11.59
SUBTOTAL A    2,057,725                 11.59

Further enquiries

Alexander Rosenlew, CEO, Orthex Corporation
Tel. +358 40 500 3826
alexander.rosenlew@orthexgroup.com

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.

Attachments:

04085868.pdf