Pihlajalinna Oyj - Company Announcement

Pihlajalinna Oyj:The initial public offering of Pihlajalinna has been discontinued due to oversubscription

PIHLAJALINNA PLC STOCK EXHANGE RELEASE 3 JUNE 2015, 12:00 p.m. EET

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

The initial public offering of Pihlajalinna has been discontinued due to
oversubscription

The initial public offering ("Initial Public Offering") of Pihlajalinna Plc
("Pihlajalinna" or "Company") has been oversubscribed, and the Company's Board
of Directors and the Institutional Sellers (Sentica Buyout III Ky and Sentica
Buyout III Co-Investment Ky) have therefore decided to discontinue the
subscription period for the Initial Public Offering in accordance with the terms
and conditions of the Initial Public Offering today.

The subscription period of the Initial Public Offering for private individuals
and entities in Finland ended in accordance with the terms and conditions of the
Initial Public Offering on Monday, 1 June 2015, at 4.00 p.m. (EET). The
subscription period for institutional investors in Finland and internationally
was discontinued today, on Wednesday, 3 June 2015, at 12.00 p.m. (EET).

The final number of shares offered in the Initial Public Offering and the final
subscription price is expected to be announced later today, Wednesday, 3 June
2015. Trading of Pihlajalinna's shares is expected to commence on the pre-list
list of NASDAQ OMX Helsinki Ltd on or about Thursday, 4 June 2015.

Further enquiries

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

About Pihlajalinna

Pihlajalinna is one of the leading private social and healthcare services
providers in Finland. The Company provides social and healthcare services for
households, companies, insurance companies and public sector entities in private
clinics, health centres, dental clinics and hospitals around Finland.
Pihlajalinna provides general practitioner and specialised care services,
including emergency and on-call services, a wide range of surgical services as
well as occupational healthcare and dental care services, in private clinics and
hospitals operating under the Dextra brand. Under the Pihlajalinna brand the
Company, in cooperation with the public sector, offers social and healthcare
service provision models to public sector entities with the aim of providing
high quality services for public pay healthcare customers.

For more information about Pihlajalinna, please visit www.pihlajalinna-
konserni.fi.

Disclaimer

The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States. 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. There is no intention 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 or sale of securities in the offering are subject to
specific legal or regulatory restrictions in certain jurisdictions. The Company
assumes no responsibility in the event there is a violation by any person of
such restrictions.
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 in that Member
State by any measure implementing the Prospectus Directive in that 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.
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") or (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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