Suomen Hoivatilat Oyj - Major shareholder announcements

Suomen Hoivatilat Oyj: disclosure under chapter 9, section 10 of the Securities Market Act

Suomen Hoivatilat Oyj
Stock exchange release 16 October 2017, at 1.30 pm

Suomen Hoivatilat Oyj: disclosure under chapter 9, section 10 of the Securities
Market Act

Suomen Hoivatilat Oyj ("Hoivatilat") has received a notification pursuant to
chapter 9, section 5 of the Securities Market Act from OP Fund Management
Company Ltd, according to which the ownership of shares and votes in Hoivatilat
of OP-Suomi investment fund, managed by OP Fund Management Company Ltd, has
exceeded the threshold of 5% following a merger on 21 September 2017. OP-Focus
special investment fund and OP-Delta investment fund were merged into OP-Suomi
Arvo investment fund on 21 September 2017 and, concurrently, the name of OP-
Suomi Arvo investment fund was changed into OP-Suomi investment fund. Following
the merger, OP-Suomi investment fund holds 6.16% of all shares and votes in
Hoivatilat. No changes in the aggregate positions of the funds managed by OP
Fund Management Company Ltd have given rise to the notification obligation.

Aggregate positions of OP Fund Management Company Ltd and its funds according to
the notification:

+------------------+------------+-----------------+-----------+----------------+
|                  |% of shares |% of shares and  |Total of   |Total number of |
|                  |and voting  |voting rights    |both in %  |shares and      |
|                  |rights      |through financial|(A+B)      |voting rights of|
|                  |(total of A)|instruments      |           |issuer          |
|                  |            |(total of B)     |           |                |
+------------------+------------+-----------------+-----------+----------------+
|Resulting         |            |                 |           |                |
|situation on the  |            |                 |           |                |
|date on which     |8.83%       |                 |8.83%      |25,288,859      |
|threshold was     |            |                 |           |                |
|crossed or reached|            |                 |           |                |
+------------------+------------+-----------------+-----------+----------------+
|Positions of      |            |                 |           |                |
|previous          |5.40%       |                 |5.40%      |20,788,859      |
|notification      |            |                 |           |                |
+------------------+------------+-----------------+-----------+----------------+

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     |
|ISIN code           |rights                       |rights                     |
|                    +---------+-------------------+---------+-----------------+
|                    |Direct   |Indirect           |Direct   |Indirect         |
|                    |(SMA 9:5)|(SMA 9:6 and 9:7)  |(SMA 9:5)|(SMA 9:6 and 9:7)|
+--------------------+---------+-------------------+---------+-----------------+
|FI4000148648        |         |2,231,750          |         |8.83%            |
+--------------------+---------+-------------------+---------+-----------------+
|SUBTOTAL A          |2,231,750|                   |8.83%    |                 |
+--------------------+---------+-------------------+---------+-----------------+


+------------------------------------------------------------------------------+
|Information in relation to the person subject to the notification obligation  |
|Full chain of controlled undertakings through which the shares, voting rights |
|or financial instruments are effectively held (starting with the ultimate     |
|controlling natural person or legal entity):                                  |
+-----------------------+----------------+---------------------+---------------+
|Name                   |% of shares and |% of shares and      |Total of both  |
|                       |voting rights   |voting rights through|               |
|                       |                |financial instruments|               |
+-----------------------+----------------+---------------------+---------------+
|OP-Rahastoyhtiö Oy     |0.00%           |                     |0.00%          |
+-----------------------+----------------+---------------------+---------------+
|OP-Pohjoismaat Plus    |0.59%           |                     |0.59%          |
|special investment fund|                |                     |               |
+-----------------------+----------------+---------------------+---------------+
|OP-Suomi investment    |6.16%           |                     |6.16%          |
|fund                   |                |                     |               |
+-----------------------+----------------+---------------------+---------------+
|OP-Suomi Pienyhtiöt    |2.08%           |                     |2.08%          |
|investment fund        |                |                     |               |
+-----------------------+----------------+---------------------+---------------+

Hoivatilat has been informed by OP Fund Management Company Ltd that from 13 June
2011, OP Fund Management Company Ltd's parent company, OP Cooperative, has
applied in respect of OP Fund Management Company Ltd the exception provided for
in section 2, subsection 4 of the Regulation of the Finnish Ministry of Finance
(152/2007). From 13 June 2011, OP Cooperative does not aggregate its own
holdings, the holdings of its subsidiaries and the holdings of entities within
control with the shares held by any investment funds or collective investment
undertakings managed by OP Fund Management Company Ltd. OP Fund Management
Company Ltd uses the voting rights of the shares held by the investment funds
and collective investment undertakings independently of the parent company.


Suomen Hoivatilat Oyj

Further information:
Jussi Karjula, CEO, tel.: +358 40 773 4054


Suomen Hoivatilat in brief:
Suomen Hoivatilat Oyj specialises in producing, developing, owning and leasing
out nursing homes, day care centres, service blocks and schools. Hoivatilat was
founded in 2008, and the company has been working in cooperation with as many as
50 Finnish municipalities and launched over 100 property projects around
Finland. The company was listed on the official list of Nasdaq Helsinki Ltd on
1 March 2017.



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