Neles Oyj - Major shareholder announcements

Notification according to chapter 9, section 5 and 6 of the Securities Market Act: Société Générale SA (SG SA)’s holding in Neles

Neles Corporation, Stock exchange release on April 9, 2021 at 10:00 a.m. EEST

Neles Corporation has received a notification, pursuant to Chapter 9, Section 5
and 6 of the Finnish Securities Markets Act, from Société Générale SA (SG SA)
that on April 7, 2021, their total holding in Neles shares and financial
instruments fell below 5 percent threshold. Neles’ total number of shares and
voting rights is 150,348,256.

Société Générale SA (SG SA)’s position according to the notification:

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

+----------------+---------------+-----------------------------+---------+
|                |% of shares and|% of shares and voting rights|Total of |
|                | voting rights |through financial instruments|both in %|
|                |      (A)      |             (B)             | (A + B) |
+----------------+---------------+-----------------------------+---------+
|Resulting       |     0.20      |            4.44             |  4.64   |
|situation on the|               |                             |         |
|date            |               |                             |         |
|on which the    |               |                             |         |
|threshold was   |               |                             |         |
|reached         |               |                             |         |
+----------------+---------------+-----------------------------+---------+
|Position of     |     0.88      |            4.34             |  5.22   |
|previous        |               |                             |         |
|notification    |               |                             |         |
+----------------+---------------+-----------------------------+---------+

7. Notified details of the resulting situation on the date on which the
threshold was crossed or reached:

A: Shares and voting rights

+------------+---------+------------------------+---------+-------------------+
|            |Number of shares and voting rights|% of shares and voting rights|
+------------+---------+------------------------+---------+-------------------+
|ISIN Code   | Direct  |        Indirect        | Direct  |     Indirect      |
|            |(SMA 9:5)|    (SMA 9:6 and 7)     |(SMA 9:5)|  (SMA 9:6 and 7)  |
+------------+---------+------------------------+---------+-------------------+
|FI4000440664| 304,942 |           -            |  0.20%  |         -         |
+------------+---------+------------------------+---------+-------------------+
|SUBTOTAL A  |             304,942              |            0.20%            |
+------------+---------+------------------------+---------+-------------------+

B: Financial Instruments according to SMA 9:6a

+---------------+----------+---------+-----------+-----------------+-----------+
|Type of        |Expiration|Exercise |Physical or|Number of shares |% of shares|
|financial      |   date   | Period  |   cash    |and voting rights|and voting |
|instrument     |          |         |settlement |                 |  rights   |
+---------------+----------+---------+-----------+-----------------+-----------+
|Right to recall|   N/A    |   N/A   | Physical  |     147,292     |   0.10%   |
|lent securities|          |         |           |                 |           |
+---------------+----------+---------+-----------+-----------------+-----------+
|OTC Call Option|03/01/2033|  Until  |   Cash    |     900,000     |   0.60%   |
|on Basket      |          |03/01/203|           |                 |           |
|               |          |    3    |           |                 |           |
+---------------+----------+---------+-----------+-----------------+-----------+
|Certificate    |03/01/2033|  Until  |   Cash    |     600,000     |   0.40%   |
|               |          |03/01/203|           |                 |           |
|               |          |    3    |           |                 |           |
+---------------+----------+---------+-----------+-----------------+-----------+
|OTC Call Option|03/01/2033|  Until  |   Cash    |    2,060,800    |   1.37%   |
|               |          |03/01/203|           |                 |           |
|               |          |    3    |           |                 |           |
+---------------+----------+---------+-----------+-----------------+-----------+
|Listed Call    |03/01/2033|  Until  |   Cash    |    2,960,285    |   1.97%   |
|Warrant        |          |03/01/203|           |                 |           |
|               |          |    3    |           |                 |           |
+---------------+----------+---------+-----------+-----------------+-----------+
|               |          |         | SUBTOTAL B|   ­ 6,668,377   |   4.44%   |
+---------------+----------+---------+-----------+-----------------+-----------+

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         |% of shares|% of shares and voting rights|Total of both|
|             |and voting |through financial instruments|             |
|             |  rights   |                             |             |
+-------------+-----------+-----------------------------+-------------+
|Société      |   0.20%   |            2.47%            |    2.67%    |
|Générale S.A.|           |                             |             |
+-------------+-----------+-----------------------------+-------------+
|Société      |    0%     |            1.97%            |    1.97%    |
|Générale     |           |                             |             |
|Effekten Gmbh|           |                             |             |
+-------------+-----------+-----------------------------+-------------+

Neles Corporation

Distribution:
Nasdaq Helsinki
Media
www.neles.com (https://nelescorp
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/www.neles.com)

Neles is one of the leading providers of mission-critical flow control solutions
and services for process industries. With our global team of experts and
innovative solutions, we help our customers to improve their process performance
and ensure the safe flow of materials. Neles is listed on the Nasdaq Helsinki in
Finland and had sales of about EUR 576 million in 2020. Neles employs about
2,850 people in approximately 40 countries.

www.neles.com, Twitter (http://www.twitter.com/nelesflow)