Musti Group Oyj - Major shareholder announcements

Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

Announcement of a change in shareholding according to Chapter 9, Section 10 of
the Finnish Securities Market Act

Musti Group plc                         Stock Exchange
Release                                        7 December 2023 at 9.00am

Musti Group plc (the “Company”) has on 5 December 2023 received a notification
in accordance with the Chapter 9, Section 5 of the Finnish Securities Markets
Act from FMR, LLC (”FMR”), according to which FMR's holding of the shares and
votes of the Company decreased below the threshold of 5 percent on 4 December
2023.

FMR holds a total of 1,497,249 shares corresponding to an ownership of 4.46
percent of the Company's shares and votes.

Total positions of FMR according to the notification:

                  % of    % of shares and     Total  Total number of shares
                  shares  voting rights       of     and voting rights of
                  and     through financial   both   issuer
                  voting  instruments (total  in %
                  rights  of B)               (A +
                  (total                      B)
                  of A)
Resulting         4.46    N/A                 4.46     33,535,453
situation on the
date on
which threshold
was crossed or
reached
Position of       8.66    N/A                 8.66     33,535,453
previous
notification
(if applicable)

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

A: Shares and voting rights

Class/type    Number of                % of shares and voting rights
of shares     shares and
              voting
              rights
ISIN code     Direct     Indirect      Direct     Indirect
(if           (SMA 9:5)  (SMA 9:6 and  (SMA 9:5)  (SMA 9:6 and 9:7)
possible)                9:7)
FI4000410758  1,497,249  N/A           4.46       N/A
SUBTOTAL A    1,497,249                4.46                         N/A


                  N/A

B: Financial instruments according to the Finnish Securities Market Act 9:6a

Type of     Expiration  Exercise/   Physical or  Number of shares   % of shares
financial   date        Conversion  cash         and voting rights  and voting
instrument              period      settlement                      rights
N/A
                                    SUBTOTAL B

Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held:

Name                % of shares   % of shares and votingrights  Total of
                    and voting    throughfinancial instruments  both
                    rights
FIDELITYMANAGEMENT  4.46% Shares  0.00% Shares                  4.46%
&RESEARCH COMPANY                                               Shares
LLC                 4.46% Voting  0.00% Voting Rights
                    Rights                                      4.46%
                                                                Voting
                                                                Rights

Additional information

Martin Svedholm

Director, Treasury and Investor Relations

tel. +358 50 579 0324, martin.svedholm@mustigroup.com

Musti in brief

Musti makes the life of pets and their owners easier, safer and more fun. We are
the leading Nordic pet care company, and we operate an omnichannel business
model to cater for the needs of pets and their owners across Finland, Sweden and
Norway. We offer a wide, curated assortment of pet products. We also provide pet
care services such as grooming, training and veterinary services in selected
locations.

Musti Group's net sales were EUR 426 million in the financial year 2023. At the
end of the financial year 2023, the company had 1,643 employees, 1.5 million
loyal customers and 342 stores.