Caverion Oyj - Tender offer

The arbitral tribunal has confirmed Crayfish BidCo Oy's redemption right over Caverion Corporation's minority shares and trading in the Caverion shares will be suspended

Caverion Corporation Stock Exchange Release 2 May 2024 at 20:00 EET

The arbitral tribunal has confirmed Crayfish BidCo Oy's redemption right over
Caverion Corporation's minority shares and trading in the Caverion shares will
be suspended

The arbitral tribunal appointed by the Redemption Board of the Finland Chamber
of Commerce in connection with the redemption proceedings concerning the
minority shares in Caverion Corporation (“Caverion”) has today in its interim
decision confirmed that Crayfish BidCo Oy (“Crayfish”) has the right to redeem
the minority shares in Caverion and that Crayfish has the right to obtain title
to the minority shares by posting a security approved by the arbitral tribunal
for the payment of the redemption price and the interest accruing thereon.

On 5 March 2024, Caverion announced that the Board of Directors of Caverion has
resolved to apply for the removal of Caverion's shares from public trading and
for the delisting of Caverion's shares from the official list of Nasdaq Helsinki
Ltd (“Nasdaq Helsinki”). In the application, it is requested that the removal of
Caverion's shares from the public trading and the delisting of the shares from
Nasdaq Helsinki would become effective as soon as possible after Crayfish has
obtained title to all the issued and outstanding shares in Caverion by posting a
security referred to in Chapter 18, Section 6 of the Finnish Limited Liability
Companies Act, which is currently expected to occur during the second quarter of
2024.

As a result of the confirmation of Crayfish's redemption right, Nasdaq Helsinki
will suspend trading in the Caverion shares on 3 May 2024 before the opening of
trading. The possible posting of the security and the delisting of the Caverion
shares will be announced separately.

Distribution:

Nasdaq Helsinki, key media, www.caverion.com

ABOUT CAVERION

Caverion is a public limited liability company incorporated under the laws of
Finland with its shares listed on the official list of Nasdaq Helsinki. Caverion
is a Northern & Central European-based expert for smart and sustainable built
environments, enabling performance and people's well-being. Caverion offers
expert guidance during the entire life cycle of buildings, infrastructure or
industrial sites and processes: from design & build to projects, technical and
industrial maintenance, facility management as well as advisory services. At the
end of December 2022, there were almost 14,500 professionals serving customers
at the service of Caverion Group in 10 countries.

INVESTOR AND MEDIA ENQUIRIES

For further information, please contact:

Caverion
Noora Koikkalainen, Head of Marketing, Communications, IR and Sustainability
+358 50 562 6552
noora.koikkalainen@caverion.com

Triton
Fredrik Hazén, Communications Professional at Triton
+46 709 483 810
hazen.wp@triton-partners.com

About Caverion

Caverion is an expert for smart and sustainable built environments, enabling
performance and people's well-being. Customers can trust our expertise during
the entire life cycle of their buildings, infrastructure or industrial sites and
processes: from installation and maintenance of base and smart technologies, to
managed services as well as advisory and engineering services and digital
solutions. Our customers are supported by about 15,000 Caverion professionals in
10 countries in Northern and Central Europe. Our revenue in 2023 was about EUR
2.5 billion.

In April 2024, Caverion and Assemblin combined to create a leading northern
European technical service and installation company, Assemblin Caverion Group.
Together, we are nearly 22,000 skilled professionals in 10 countries, sharing
the passion for smart and sustainable solutions. Our combined revenue amounts to
EUR 3.8 billion.

www.caverion.com
www.assemblincaverion.com

#AssemblinCaverionGroup #Strongertogether
#Caverion #BuildingPerformance #energywise

Attachments:

05022571.pdf