Silmäasema Oyj - Major shareholder announcements

Silmäasema Oyj: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

Stock Exchange Release 20 June 2017, at 12 a.m.

Silmäasema  Oyj (the  "Company") has  today received  a notification from Intera
Fund II Ky ("Intera"), according to which Intera's direct holding in the Company
totals  2,375,950 shares and votes (amounting to 16.67 percent of all the shares
and votes in the Company) and Intera's holding through financial instruments has
decreased below the threshold of 5 percent. The change is due to a share lending
agreement  signed by Intera and Nordea Bank AB (publ), Finnish Branch ("Nordea")
on  9 June 2017, according to which  Intera committed to lend 1,229,858 existing
shares in the Company to Nordea. Nordea has notified Intera on 20 June 2017 that
it  will fully utilize the option, described in the Company's Listing Prospectus
dated 26 May 2017, to purchase shares from Intera in the amount corresponding to
the  shares lent by Intera to Nordea  (1,229,858 shares) in order to cover over-
allotments.  As  a  result,  Intera's  direct  holding  in  the  Company  totals
2,375,950 shares  and votes  (amounting to  16.67 percent of  all the shares and
votes  in the  Company) and  Intera's holding  through financial instruments has
decreased to zero, i.e. below the threshold of 5 percent.

Total positions of Intera Fund II Ky:



                    % of shares  % of shares and                Total number of
                    and voting   voting rights     Total of     shares and
                    rights       through financial both in %    voting rights
                    (total of A) instruments       (A + B)      of issuer
                                 (total of B)

 Resulting
 situation on the
 date on which      16.67%       N/A               16.67%       14,248,805
 threshold was
 crossed or reached

 Position of
 previous           35.03%       8.63%             43.66%
 notification (if
 applicable)



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
                        rights                      rights

                        Direct    Indirect          Direct    Indirect

 ISIN code (if          (SMA 9:5) (SMA 9:6 and 9:7) (SMA 9:5) (SMA 9:6 and 9:7)
 possible)

 FI4000243399           2,375,950 N/A               16.67%    N/A

 SUBTOTAL A             2,375,950                   16.67%


Intera  Fund II Ky ("Intera") notified Silmäasema Oyj (the "Company") on 12 June
2017 that Intera's holding of the Company's shares and votes decreased to 35.03
percent  (a total  of 4,991,582 shares  and votes)  and Intera's holding through
financial  instruments  exceeded  the  threshold  of 5 percent on 9 June 2017 (a
total  of 1,229,858 shares  and votes).  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 on 9 June  2017 to lend 1,229,858 existing
shares  in the  Company to  Nordea. The  share lending  did not  affect Intera's
aggregate  total holding, which  was 6,221,440 shares before  the entry into the
above-mentioned share lending agreement.

After  the  listing  on  14 June  2017 the  Company announced via stock exchange
release  the information  of the  ten largest  shareholders before and after the
listing.  The stock  exchange release  reveals that  Intera resold in connection
with the Initial Public Offering a total of 2,615,632 shares in the Company (the
shares were delivered 13 June 2017), in account of which intera's holding in the
Company  totaled  3,605,808 shares,  of  which  Intera's  direct holding totaled
2,375,950 shares  and votes and holding through financial instruments (the share
lending agreement) totaled 1,229,858 shares and votes.

Nordea  has  notified  Intera  on  20 June  2017 that  it will fully utilize the
option,  described  in  the  Company's  Listing Prospectus dated 26 May 2017, to
purchase  shares from Intera in  the amount corresponding to  the shares lent by
Intera  to Nordea  (1,229,858 shares)  in order  to cover  over-allotments. As a
result, Intera's direct holding in the Company totals 2,375,950 shares and votes
(amounting  to 16.67 percent  of all  the shares  and votes  in the Company) and
Intera's holding through financial instruments has decreased to zero, i.e. below
the threshold of 5 percent.

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.




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