Pihlajalinna Oyj - Company Announcement

Pihlajalinna Oyj :Full exercise of over-allotment option in shares of Pihlajalinna and discontinuation of the stabilisation period

PIHLAJALINNA PLC  STOCK EXCHANGE RELEASE 11 JUNE 2015, 9:00 a.m. EET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, AUSTRALIA, CANADA, HONGKONG, JAPAN, SINGAPORE, SOUTH AFRICA
OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL.

Full exercise of over-allotment option in shares of Pihlajalinna and
discontinuation of the stabilisation period

Danske Bank A/S, Helsinki Branch ("Danske Bank"), the sole bookrunner in the
initial public offering of Pihlajalinna Plc ("Pihlajalinna" or the "Company"),
has today fully exercised the over-allotment option granted by the Institutional
Sellers (Sentica Buyout III Ky and Sentica Buyout III Co-Investment Ky) by
purchasing 978,000 shares in Pihlajalinna from the Institutional Sellers.
Simultaneously, Danske Bank redelivers to the Institutional Sellers 978,000
shares in Pihlajalinna it  borrowed on the basis of a share lending agreement
related to the initial public offering.

The Institutional Sellers have sold a total of 1,700,000 shares in Pihlajalinna
in the initial public offering, including the shares sold by exercise of the
over-allotment option. The ownership of the Institutional Sellers in
Pihlajalinna after selling the shares covered by the over-allotment option and
after redelivering of the shares borrowed on the basis of a share lending
agreement will be 5,035,990 shares, representing approximately 26 per cent of
all outstanding shares in Pihlajalinna.

No stabilisation measures have been carried out since the listing, and due to
Pihlajalinna's share price development, Danske Bank has discontinued the
stabilisation period.

Further enquiries

Terhi Kivinen, SVP Communications, Marketing and IR, Pihlajalinna Plc, Tel.
+358 40 848 4001

About Pihlajalinna

Pihlajalinna is one of the leading private social and healthcare services
providers in Finland. The Company provides social and healthcare services for
households, companies, insurance companies and public sector entities in private
clinics, health centres, dental clinics and hospitals around Finland.
Pihlajalinna provides general practitioner and specialised care services,
including emergency and on-call services, a wide range of surgical services as
well as occupational healthcare and dental care services, in private clinics and
hospitals operating under the Dextra brand. Under the Pihlajalinna brand the
Company, in cooperation with the public sector, offers social and healthcare
service provision models to public sector entities with the aim of providing
high quality services for public pay healthcare customers.

For more information about Pihlajalinna, please visit www.pihlajalinna-
konserni.fi.

 Disclaimer
The  information  contained  herein  is  not  for  publication  or distribution,
directly or indirectly, in or into the United States. These written materials do
not constitute an offer of securities for sale in the United States, nor may the
securities  be offered or  sold in the  United States absent  registration or an
exemption  from registration as provided in  the U.S. Securities Act of 1933, as
amended,  and the  rules and  regulations thereunder.  There is  no intention to
register any portion of the offering in the United States or to conduct a public
offering of securities in the United States.

The  issue,  exercise  or  sale  of  securities  in  the offering are subject to
specific  legal or regulatory restrictions in certain jurisdictions. The Company
assumes  no responsibility in  the event there  is a violation  by any person of
such restrictions.

The  information contained herein shall  not constitute an offer  to sell or the
solicitation  of an offer to buy, nor shall  there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or sale
would  be  unlawful  prior  to  registration,  exemption  from  registration  or
qualification under the securities laws of any such jurisdiction. Investors must
neither accept any offer for, nor acquire, any securities to which this document
refers,  unless they  do so  on the  basis of  the information  contained in the
applicable prospectus published or offering circular distributed by the Company.

The  Company has  not authorized  any offer  to the  public of securities in any
Member  State of the European Economic Area  other than Finland. With respect to
each Member State of the European Economic Area other than Finland and which has
implemented  the  Prospectus  Directive  (each,  a  "Relevant Member State"), no
action  has been undertaken or will be undertaken to make an offer to the public
of  securities  requiring  publication  of  a  prospectus in any Relevant Member
State. As a result, the securities may only be offered in Relevant Member States
(a)  to  any  legal  entity  which  is  a  qualified  investor as defined in the
Prospectus  Directive; or (b) in any  other circumstances falling within Article
3(2) of  the  Prospectus  Directive.  For  the  purposes  of this paragraph, the
expression an "offer of securities to the public" means the communication in any
form  and by any means  of sufficient information on  the terms of the offer and
the  securities to be offered so as to enable an investor to decide to exercise,
purchase  or subscribe the securities, as the  same may be varied in that Member
State  by any measure implementing the Prospectus Directive in that Member State
and  the  expression  "Prospectus  Directive"  means  Directive  2003/71/EC (and
amendments  thereto,  including  the  2010 PD  Amending Directive, to the extent
implemented   in   the   Relevant  Member  State),  and  includes  any  relevant
implementing  measure in the  Relevant Member State  and the expression "2010 PD
Amending Directive" means Directive 2010/73/EU.

This communication is directed only at (i) persons who are outside the United
Kingdom or (ii) persons who have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth
entities, and other persons to whom it may lawfully be communicated, falling
within Article 49(2) of the Order (all such persons together being referred to
as "relevant persons"). Any investment activity to which this communication
relates will only be available to and will only be engaged with, relevant
persons. Any person who is not a relevant person should not act or rely on this
document.  

[HUG#1927740]