Silmäasema Oyj - Major shareholder announcements

Silmäasema Oyj: 10 largest shareholders after the end of the Initial Public Offering

Stock Exchange Release 14 June 2017, at 4.30 p.m.

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

The  ten largest registered  shareholders of Silmäasema  Oyj (the "Company") and
their  shares of ownership before  the Initial Public Offering  are shown in the
table below.

 Shareholder                     The number of shares %
-------------------------------------------------------------------------------
  1. Intera Fund II Ky           6,221,440            68.0

  2. Pasi Kohmo                  384,000              4.2

  3. Torsti Sihvola(1)           320,000              3.5

  4. Armada Mezzanine Fund IV Ky 320,000              3.5

  5. Callardo Capital Oy         320,000              3.5

  6. Roope Sihvola               320,000              3.5

  7. Optovita Oy                 160,000              1.7

  8. Juni Holding Oy             64,000               0.7

  9. Juha Lehtosalo              64,000               0.7

  10. Olli Väisänen              48,064               0.5
-------------------------------------------------------------------------------
 Ten largest, in total           8,221,504            89.9

 Other shareholders              928.280              10.1
-------------------------------------------------------------------------------
 In total                        9,149,784            100.0

 (1)  Torsti  Sihvola's  holdings  notified  in the Company's Offering Circular
 dated  26 May 2017 include also the Company's shares owned through ETS-Holding
 Oy  which is entirely owned by Torsti Sihvola, and the holdings of his related
 parties.  However,  this  release  only  announces  the direct shareholding of
 Torsti Sihvola.





 The  ten largest registered  shareholders of the  Company's and their shares of
ownership  after the Initial  Public Offering are  shown in the  table below (13
June 2017 Euroclear Finland Ltd).

 Shareholder                         The number of shares %
-------------------------------------------------------------------------------
  1. Intera Fund II Ky(1 2)          3,605,808            25.3

  2. Mandatum Life Insurance Company 850,000              6.0
     Limited

  3. Elo Mutual Pension Insurance    590,000              4.1
     Company

  4. Varma Mutual Pension Insurance  570,000              4.0
     Company

  5. Sijoitusrahasto Säästöpankki    500,000              3.5
     Pienyhtiöt

  6. Pasi Kohmo                      384,000              2.7

  7. Ilmarinen Mutual Pension        365,000              2.6
     Insurance Company

  8. Torsti Sihvola                  327,000              2.3

  9. Roope Sihvola                   320,000              2.2

  10. Etera Mutual Pension Insurance 285,000              2.0
      Company
-------------------------------------------------------------------------------
 Ten largest, in total               7,796,808            54.7

 Other shareholders(3)               6,451,997            45.3
-------------------------------------------------------------------------------
 In total                            14,248,805           100.0

 (1  )The Company has received a notification from Intera Fund II Ky ("Intera")
 on  12 June 2017 of a  change in shareholding  according to Chapter 9, section
 10 of  the Finnish Securities Market Act,  according to which Intera's holding
 of  the shares and votes of the Company decreased to 35.03 percent (a total of
 4,991,582 shares and votes) and Intera's holding through financial instruments
 increased  above  the  threshold  of  5 percent  on  9 June  2017 (a  total of
 1,229,858 shares and votes, which equals to 8.63 percent of all the shares and
 votes  in the Company). The change was due to a share lending agreement signed
 by  Intera and Nordea Bank AB  (publ), Finnish Branch ("Nordea") in connection
 with  the Initial Public Offering of  the Company on 9 June 2017, according to
 which  Intera committed  to lend  1,229,858 existing shares  in the Company to
 Nordea.  The  share  lending  did  not  affect the aggregate total holdings of
 Intera,  which amounted  to 6,221,440 shares  before the  aforementioned share
 lending  agreement. As a part of the  Initial Public Offering, Intera resold a
 total of 2,615,632 shares of the Company, on account of which Intera currently
 holding  in  the  Company  totals  3,605,808 shares,  of which Intera's direct
 holding  totals  2,375,950 shares  and  votes  and  holding  through financial
 instruments (the share lending agreement) totals 1,229,858 shares and votes.

 (2  )Should Nordea use the  whole amount lent by  Intera (1,229,858 shares) to
 cover  over-allotments, Intera's holding in the Company would total 2,375,950
 shares  and votes, which equals to 16.7 percent of all the shares and votes in
 the Company.

 (3 )Out of other shareholders, 2,513,046 shares and 17.6 percent of shares and
 votes are nominee registered.



Additional information

Pasi Kohmo, CEO, Silmäasema, +358 50 331 7015, pasi.kohmo@silmaasema.fi

Kati    Räihä,    Director,    Marketing    and    Communications,   Silmäasema,
+358 50 416 6764, kati.raiha@silmaasema.fi

Silmäasema in brief

Silmäasema  is a  Finnish company,  which offers  all products  and services for
optical  retail and eye healthcare nationwide. Silmäasema is the largest private
eye clinic provider offering eye surgeries and the second largest optical retail
chain  with 25.3 per cent market share.  The Silmäasema chain has 148 stores and
13 eye  clinics as well as eight stores in Estonia. The Silmäasema chain employs
close  to  1,000 eye  healthcare  professionals.  In  2016, the Silmäasema chain
conducted  around 210,000 optician's eye examinations, 190,000 ophthalmologist's
appointments  and  over  15,000 cataract  and refractive surgeries. Silmäasema's
Group  net sales were 101.3 million euros  in 2016 and adjusted EBITDA was 12.0
million euros.

DISCLAIMER

The  information  contained  herein  is  not  for  publication  or distribution,
directly  or indirectly, in  or into the  United States, Canada, Australia, Hong
Kong, South Africa, Singapore or Japan.

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.
Silmäasema  Oyj (the "Company") does  not intend 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 and/or sale of securities in the initial public offering are
subject  to specific legal or  regulatory restrictions in certain jurisdictions.
Neither  the Company,  Nordea Bank  AB (publ),  Finnish Branch ("Nordea") nor OP
Corporate  Bank plc  ("OP") assume  any responsibility  in the  event there is a
violation by any person of such restrictions.

Nordea  and OP  are acting  exclusively for  the Company  and for no-one else in
connection  with any  transaction mentioned  in this  announcement and  will not
regard  any other person (whether or not  a recipient of this announcement) as a
client  in relation to any  such transaction and will  not be responsible to any
other  person  for  providing  the  protections  afforded to its clients, or for
advising  any such person on the contents  of this announcement or in connection
with  any transaction  referred to  in this  announcement. The  contents of this
announcement  have not been verified  by Nordea or OP  and neither Nordea nor OP
accept liability for this information included in this announcement.

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 by any measure
implementing  the Prospectus  Directive in  that Relevant  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.

These written materials do not constitute an offer of the securities referred to
herein  to the public in  the United Kingdom. No  prospectus has been or will be
approved  in the United Kingdom in respect of the securities referred to herein.
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") and (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 or any of its contents.




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