Silmäasema Oyj - Major shareholder announcements

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

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

Stock Exchange Release 12 June 2017, at 9.15 p.m.

Silmäasema  Oyj (the  "Company") has  today received  a notification from Intera
Fund  II Ky ("Intera"),  according to which  Intera's holding of  the shares and
votes  of the  Company decreased  to 35.03 percent  and Intera's holding through
financial  instruments  increased  above  the  threshold  of 5 percent on 9 June
2017. The change is due to a share lending agreement signed by Intera and Nordea
Bank  AB (publ),  Finnish Branch  ("Nordea") on  9 June 2017, according to which
Intera committed to lend 1,229,858 existing shares in the Company to Nordea. The
share  lending does not affect the  aggregate total holdings of Intera regarding
the Company's shares and votes.

Total positions of Intera Fund II Ky:

                    % of shares  % of shares and                Total number of
                    and voting   voting rights     Total of     shares and
                    rights       through financial both in %    voting rights
                    (total of A) instruments       (A + B)      of issuer
                                 (total of B)

 Resulting
 situation on the
 date on which      35.03%       8.63%             43.66%       14,248,805
 threshold was
 crossed or reached

 Position of
 previous           N/A          N/A               N/A
 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 of shares   Number of shares and voting % of shares and voting
                        rights                      rights

 ISIN code (if          Direct    Indirect          Direct    Indirect
 possible)              (SMA 9:5) (SMA 9:6 and 9:7) (SMA 9:5) (SMA 9:6 and 9:7)

 FI4000243399           4,991,582 N/A               35.03%    N/A

 SUBTOTAL A             4,991,582                   35.03%


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

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

 Share lending
 agreement
 with the      11 July 2017  N/A           Physical      1,229,858    8.63%
 initial                                   settlement
 public
 offering

                                           SUBTOTAL B    1,229,858    8.63%

Intera  Fund II Ky ("Intera"), a fund  administered by Intera Equity Partners II
Oy,  has on 9 June 2017 entered into a  share lending agreement with Nordea Bank
AB  (publ), Finnish Branch ("Nordea") to cover the overallotments in the initial
public  offering  of  the  Company.  Under  the  share lending agreement, Intera
committed  on 9 June  2017 to lend  1,229,858 existing shares  of the Company to
Nordea.  Nordea has an  obligation to return  the lent shares  by 11 July 2017,
unless Nordea wholly or partially exercises its over-allotment option granted by
Intera  in connection with the initial public offering. Intera's relevant direct
holding  in the Company before the  entry into the above-mentioned share lending
agreement was 6,221,440 shares.

Additional information:

Pasi Kohmo, CEO, Silmäasema, +358 50 331 7015, pasi.kohmo@silmaasema.fi

Kati    Räihä,    Director,    Marketing    and    Communications,   Silmäasema,
+358 50 416 6764, kati.raiha@silmaasema.fi

Silmäasema in brief

Silmäasema  is a  Finnish company,  which offers  all products  and services for
optical  retail and eye healthcare nationwide. Silmäasema is the largest private
eye clinic provider offering eye surgeries and the second largest optical retail
chain  with 25.3 per cent market share.  The Silmäasema chain has 148 stores and
13 eye  clinics in Finland  as well as  eight stores in  Estonia. The Silmäasema
chain   employs  close  to  1,000 eye  healthcare  professionals.  In  2016, the
Silmäasema  chain conducted around 210,000 optician's eye examinations, 190,000
ophthalmologist's   appointments   and   over   15,000 cataract  and  refractive
surgeries.  Silmäasema's Group  net sales  were 101.3 million  euros in 2016 and
adjusted EBITDA was 12.0 million euros.


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