Tiimari Oyj Abp - Major shareholder announcements

Tiimari Plc: NOTIFICATION OF CHANGE IN OWNERSHIP PURSUANT TO CHAPTER 2, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT

Tiimari Plc, Stock Exchange Release 10 June 2011, at 15.15

NOTIFICATION OF CHANGE IN OWNERSHIP PURSUANT TO CHAPTER 2, SECTION 10 OF THE
FINNISH SECURITIES MARKETS ACT 

Tiimari Plc (”Tiimari”) has today received a notice pursuant to Chapter 2,
Section 9 of the Finnish Securities Markets Act from Virala Oy Ab. 

Virala Oy Ab and its subsidiary Atine Group Oy (members of the Virala group),
have today agreed to sell to Unioca Partners Oy all Tiimari's convertible
capital loans, as well as all Tiimari's shares held by them. Upon the execution
of the transaction, Virala group's portion of Tiimari's shares and votes will
decrease below the flagging threshold of 1/20. 

1. Name of the target company: Tiimari Plc (0106264-1)

2. Basis of notification:

Agreement dated 10 June 2011, resulting in the holding decreasing below the
flagging threshold of 1/20. 

3. Name and business identity code of the person subject to the notification
obligation and the shareholder: 

Virala Oy Ab (0147485-7)
Atine Group Oy (1942577-0)

4. Proportion of the target company's votes and shares:

(a) Prior to the sale:

Atine Group Oy owns 3.293.000 shares in Tiimari, i.e. 19.99% of Tiimari's
shares and votes. 

Virala Oy Ab holds Tiimari's 2009 convertible capital loans that may be
converted to a total of 1,830,997 new shares pursuant to their terms and
Tiimari's 2011 convertible capital loans that may be converted to a total of
1,979,166 new shares pursuant to their terms. (Pursuant to Virala's
announcement of change in ownership made on 31 January 2011, prior to the
financing arrangement the (theoretical) holding of Virala group (upon full
conversion of the convertible capital loans into shares) amounts to 30.91%, of
which Atine Group Oy's holding amounting to 14.33% (3,293,000 shares in
Tiimari) and Virala Oy Ab's to 16.58% (a total of 3,810,163 shares if full
conversion of the convertible capital loans). 

(b) Following the execution of the sale, companies in the Virala group (Virala
Oy Ab and Atine Group Oy) will not own any shares or securities entitling to
shares in Tiimari. 

5. Timetable of the arrangement:

Tiimari published today on 10 June 2011 a contemplated financing arrangement,
in relation to which Tiimari's Board of Directors has convened an Extraordinary
General Meeting of Shareholders to be held on 1 July 2011 to resolve on
authorizing the Board of Directors of Tiimari to undertake a rights issue
pursuant to the shareholders' pre-emptive right of subscription, as well as a
directed issue of shares to some of Tiimari's creditors. Tiimari has received
subscription commitments and guarantees in relation to the financing
arrangement, such commitments being conditional upon the resolution by the
Extraordinary General Meeting of Shareholders. Unioca Partners Oy has given a
significant commitment. 

Virala group will not participate in the planned financing arrangement. The
trades concerning the sale of shares and convertible capital loans will be
settled at the latest before the record date for the contemplated share issues. 

The number of Tiimari's shares registered in the Trade Register as per 10 June
2011 amounts to 16,474,755 shares. Each share entitles to one vote. 

Niila Rajala
CEO
Tiimari Plc

Further information:

CEO Niila Rajala, Tiimari Plc
tel. + 358 (0)3 812911

Distribution:
NASDAQ OMX Helsinki
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