Caverion Oyj - Major shareholder announcements

Notification according to Chapter 9, Section 10 of the Finnish Securities Markets Act of change in holdings in Caverion Corporation shares

Caverion Corporation Stock exchange release December 12, 2017 at 1.00 p.m. EET
Notification according to Chapter 9, Section 10 of the Finnish Securities
Markets Act of change in holdings in Caverion Corporation shares

Caverion Corporation has on December 12, 2017 received an announcement under
Chapter 9, Section 5 of the Finnish Securities Markets Act, according to which
the holding of Antti Herlin, a member of the Board of Directors in Caverion
Corporation, in Caverion Corporation through Security Trading Oy (“Security
Trading”, a company owned by Antti Herlin, business identity code 1948052-6) has
exceeded the threshold of 15 per cent. According to the announcement, the
holding exceeded the threshold on December 11, 2017.

According to the announcement, the combined holding of Antti Herlin and Security
Trading in Caverion has on December 11, 2017 increased to 18,900,180 shares,
corresponding to 15.05% per cent of Caverion’s shares and voting rights. The
direct holding of Security Trading in Caverion has increased to 18,870,000
shares, corresponding to 15.024% per cent of Caverion’s shares and voting
rights. Caverion has one share series, each share entitling to one vote.
Caverion’s registered total number of shares amounting to 125,596,092 has been
used in the calculation of percentages for the announcement.

Total positions of person(s) subject to the notification:

+----------------+------------+------------------------------+-------+
|                |% shares and| % of shares and voting rights|   % of|
|                |      voting|through financial instruments | total |
|                |     rights |                              |       |
+----------------+------------+------------------------------+-------+
|Resulting       |     15.05% |                            0 |15.05% |
|situation on the|            |                              |       |
|date on         |            |                              |       |
|which threshold |            |                              |       |
|was crossed or  |            |                              |       |
|reached         |            |                              |       |
+----------------+------------+------------------------------+-------+
|Position of     |     10.50% |                            0 |10.50% |
|previous        |            |                              |       |
|notification (if|            |                              |       |
|applicable)     |            |                              |       |
+----------------+------------+------------------------------+-------+

Notified details of the resulting situation on the date on which the threshold
was crossed:

A: Shares and voting rights:

+-------------+----------+------------------+----------+-------------------+
|Class/type of|             Number of shares|% of shares and voting rights |
|shares       |           and voting rights |                              |
+-------------+----------+------------------+----------+-------------------+
|             |    Direct|          Indirect|    Direct|           Indirect|
|             |(SMA 9:5) |(SMA 9:6 and 9:7) |(SMA 9:5) | (SMA 9:6 and 9:7) |
+-------------+----------+------------------+----------+-------------------+
|FI4000062781 |18,900,180|                - |    15.05%|                  -|
+-------------+----------+------------------+----------+-------------------+
|SUBTOTAL A   |         18,900,180          |            15.05%            |
+-------------+----------+------------------+----------+-------------------+

B: Financial instruments according to SMA 9:6a:

+-----------+----------+----------+-----------+----------+---------------+
|Type of    |Expiration| Exercise/|Physical or| Number of|% of shares and|
|financial  |     date |Conversion|       cash|shares and| voting rights |
|instrument |          |   Period |settlement |    voting|               |
|           |          |          |           |   rights |               |
+-----------+----------+----------+-----------+----------+---------------+
|N/A        |      N/A |      N/A |        N/A|       N/A|            N/A|
+-----------+----------+----------+-----------+----------+---------------+
|                                 |SUBTOTAL B |       N/A|            N/A|
+-----------+----------+----------+-----------+----------+---------------+

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity:

+--------+-----------------+-----------+-----------------------------+-------+
|Name    | Number of shares|% of shares|% of shares and voting rights|  Total|
|        |and voting rights| and voting|through financial instruments|of both|
|        |                 |     rights|                             |       |
+--------+-----------------+-----------+-----------------------------+-------+
|Antti   |           30,180|    0.024% |                           0%|0.024% |
|Herlin  |                 |           |                             |       |
+--------+-----------------+-----------+-----------------------------+-------+
|Security|       18,870,000|    15.024%|                           0%|15.024%|
|Trading |                 |           |                             |       |
|Oy      |                 |           |                             |       |
+--------+-----------------+-----------+-----------------------------+-------+

CAVERION CORPORATION

Distribution: Nasdaq Helsinki, principal media, www.caverion.com
For additional information, please contact:

Milena Hæggström, Head of Investor Relations, tel. 358 40 5581
328, milena.haeggstrom@caverion.com
Caverion designs, builds, operates and maintains user-friendly and energy
-efficient technical solutions for buildings, industries and infrastructure. Our
services and solutions are used in commercial and residential buildings and on
industrial and public sector properties, as well as in processes, ensuring
business continuity, safety, healthy and pleasant surroundings, optimal
performance and cost management. Our vision is to be a leading European provider
of advanced and sustainable life cycle solutions for buildings and industries.
Our strengths include technological expertise and comprehensive services,
covering all technical disciplines throughout the entire life cycles of
properties and industrial plants. Our revenue in 2016 was approximately EUR 2.4
billion. Caverion has about 17,000 employees in 12 countries in Northern,
Central and Eastern Europe. Caverion’s shares are listed on Nasdaq
Helsinki. www.caverion.com (http://www.caverion.fi/), Twitter: @CaverionGroup

Attachments:

12126483.pdf