2022-06-28 08:33:58 CEST

2022-06-28 08:34:00 CEST


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Ponsse Oyj - Inside information

Ponsse divests its subsidiary in Russia


Ponsse Plc, insider information, 28 June 2022 at 9:30 am

Ponsse divests its subsidiary in Russia

Ponsse Plc has sold all shares in OOO Ponsse, its subsidiary that provided
PONSSE services in Russia and Belarus. Today on 28 June 2022, Ponsse signed the
deed of sale, according to which Ponsse's operations in Russia will transfer to
OOO Bison once the conditions of the transaction have been met. Ponsse announced
its intention to divest its operations in Russia on 15 June 2022.

The buyer OOO Bison is owned by Aleksey Voronkevich, whose company Dormashimport
has been responsible for the retail of PONSSE forest machines in the eastern
parts of Russia since 2007.

The companies will not disclose the price of the transaction. The sale will not
have any significant impact on Ponsse's result, and Ponsse will not record any
significant impairment or profit on its Q2 income statement as a result of the
sale.

Ponsse will classify the operations now sold as assets available for sale and
report them as discontinued operations. The more detailed financial implications
of the transaction are currently being assessed and the comparative figures of
2021 and profit guidance for the current year will be updated to correspond to
the new business structure at the latest in connection with the mid-year report.
Ponsse will publish its mid-year report on 9 August 2022.

The transaction is expected to be closed by the end of Q3/2022. The transaction
requires the approval of the local competition authorities.
Sales in Russia and Belarus have accounted for roughly 20 per cent of Ponsse's
net sales based on the 2021 financial statements. Ponsse's export and service
operations in Russia have been suspended since 2 March 2022 when the company
announced that it will suspend all exports to Russia and Belarus. At the same
time, OOO Ponsse suspended its local spare parts and maintenance services.

Vieremä, 28 June 2022
PONSSE PLC

Juho Nummela
President and CEO

FURTHER INFORMATION
Juho Nummela, President and CEO, tel. +358 400 495690

DISTRIBUTION
Nasdaq Helsinki Ltd
Principal media
www.ponsse.com

Ponsse Plc specialises in the sale, production, maintenance and technology of
cut-to-length method forest machines, and is driven by a genuine interest in its
customers and their business operations. Ponsse develops and manufactures
sustainable and innovative harvesting solutions based on customer needs.

The company was established by forest machine entrepreneur Einari Vidgrén in
1970 and has been a leader in timber harvesting solutions based on the cut-to
-length method ever since. Ponsse is headquartered in Vieremä, Finland. The
company's shares are quoted on the NASDAQ OMX Nordic List.