Pihlajalinna Oyj - Company Announcement

Pihlajalinna Oyj :FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 9, SECTION 5 OF THE SECURITIES MARKET ACT

PIHLAJALINNA OYJ STOCK EXCHANGE RELEASE June 4, 2015 17.10 (EET)

Flagging notification in accordance with chapter 9, section 5 of the Securities
Market Act

Pihlajalinna Oyj has received a disclosure notices under chapter 9, section 5 of
the Securities Market Act regarding LähiTapiola group (LähiTapiola General
Mutual Insurance Company, LähiTapiola Mutual Life Insurance Company and
Investment Fund LähiTapiola Suomi) holdings of Pihlajalinna Oyj stock that have
increased to 10.49% of total Pihlajalinna stock and voting rights.

LähiTapiola General Mutual Insurance Company as well as LähiTapiola Mutual Life
Insurance Company provided subscription undertakings according to which they
undertake, subject to certain conditions, to subscribe for Offer Shares in the
aggregate of a value of at least EUR 6.3 million in the Pihlajalinna Oyj Initial
Public Offering.

Pihlajalinna Oyj has total of 19113146 shares. Each share entitles its holder to
one (1) vote. LähiTapiola Group has thus total of 2004150 votes.

PIHLAJALINNA OYJ

Terhi  Kivinen,  SVP  Communications,  Marketing  and IR, Pihlajalinna Plc, Tel.
+358 40 848 4001

[HUG#1926447]