Mandatum Oyj - Major shareholder announcements

Mandatum plc: Disclosure Under Chapter 9 Section 5 of the Securities Market Act (Altor Fund Manager AB)

Mandatum Plc, Stock exchange release, 10 May 2024 at 2:30 p.m. EEST

Mandatum plc (Business ID 3355142-3) has received a notification, pursuant to
Chapter 9, Section 5 of the Finnish Securities Markets Act, that the breakdown
of Altor Fund Manager AB's (registration number 556962-9149, Sweden) and its
funds' direct or indirect holding of the shares and votes in Mandatum plc has
changed.

Total positions of Altor Fund Manager AB, and its funds subject to the
notification:

+----------------+----------+------------------+------+----------------------+
|                |%of shares|% of shares and   |Total |Total number of shares|
|                |and       |voting rights     |of    |and voting rights of  |
|                |voting    |through financial |both  |issuer                |
|                |rights    |instruments (total|in %  |                      |
|                |(total    |of B)             |(A+B) |                      |
|                |of A)     |                  |      |                      |
+----------------+----------+------------------+------+----------------------+
|Resulting       |10.00%    |6.61%             |16.62%|501,796,752           |
|situation on the|          |                  |      |                      |
|date on         |          |                  |      |                      |
|which threshold |          |                  |      |                      |
|was crossed or  |          |                  |      |                      |
|reached         |          |                  |      |                      |
+----------------+----------+------------------+------+----------------------+
|Positions of    |9.98%     |6.63%             |16.62%|                      |
|previous        |          |                  |      |                      |
|notification    |          |                  |      |                      |
|(if applicable) |          |                  |      |                      |
+----------------+----------+------------------+------+----------------------+

Notified details of the resulting situation on the date on which the threshold
was crossed:
A: Shares and voting rights

+----------+--------------+-----------------+-------------+-------------+
|Class/type|Number of                       |% of shares                |
|of shares |shares and                      |and voting                 |
|          |voting rights                   |rights                     |
|ISIN code |                                |                           |
+----------+--------------+-----------------+-------------+-------------+
|          |Direct        |Indirect         |Direct       |Indirect     |
|          |              |(SMA 9:6 and 9:7)|(SMA 9:5)    |(SMA 9:6 and |
|          |(SMA 9:5)     |                 |             |9:7)         |
+----------+--------------+-----------------+-------------+-------------+
|          |50,200,000    |50,200,000 (Altor|10.00% (Altor|10.00% (Altor|
|          |(Altor In-vest|Fund Manager AB) |Invest 8 AS) |Fund Manager |
|          |8 AS)         |                 |             |AB)          |
+----------+--------------+-----------------+-------------+-------------+
|SUBTOTAL A|50,200,000                      |10.00%                     |
+----------+--------------+-----------------+-------------+-------------+

B: Financial instruments according to SMA 9:6a

+----------+----------+--------------+-----------+-----------------+-----------+
|Type of   |Expiration|Exercise/Conve|Physical or|Number of shares |% of shares|
|financial |date      |rsion Period  |cash       |and voting rights|and voting |
|instrument|          |              |settlement |                 |rights     |
+----------+----------+--------------+-----------+-----------------+-----------+
|Swap      |13.2.2025 |13.2.2025     |Physical   |33,178,580       |6.61%      |
|          |          |              |settlement |                 |           |
+----------+----------+--------------+-----------+-----------------+-----------+
|          |          |              |           |                 |           |
+----------+----------+--------------+-----------+-----------------+-----------+
|          |          |              |SUBTOTAL B |33,178,580       |6.61%      |
+----------+----------+--------------+-----------+-----------------+-----------+

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     |                             |             |
+------------+-----------+-----------------------------+-------------+
|Altor Fund  |0.00       |0.00                         |0.00         |
|Manager AB  |           |                             |             |
+------------+-----------+-----------------------------+-------------+
|Altor Fund  |0.00       |0.00                         |0.00         |
|VI (No. 1)  |           |                             |             |
|AB          |           |                             |             |
+------------+-----------+-----------------------------+-------------+
|Altor Fund  |0.00       |0.00                         |0.00         |
|VI (No. 2)  |           |                             |             |
|AB          |           |                             |             |
+------------+-----------+-----------------------------+-------------+
|Altor Invest|10.00      |6.61                         |16.62        |
|8 AS        |           |                             |             |
+------------+-----------+-----------------------------+-------------+

Additional information:
Altor Invest 8 AS will have no voting rights in relation to the shares
underlying the financial instruments until physical settlement.

Additional information
Investor enquiries:

Lotta Borgström
VP, Investor Relations
Tel. +358 50 022 1027
lotta.borgstrom(a)mandatum.fi

Media enquiries:
Niina Riihelä
SVP, Communications, brand and sustainability
Tel. +358 40 728 1548
niina.riihela(a)mandatum.fi

Mandatum in brief
Mandatum is a major financial services provider that combines expertise in
wealth management and life insurance.Mandatum offers clients a wide array of
services covering asset and wealth management, savings and investment,
compensation and rewards as well as pension plans and personal risk insurance.
Mandatum offers services to corporate, retail, institutional and wealth
management clients.At the centre of Mandatum's success are highly skilled
personnel, a strong brand as well as a proven investment track record.
mandatum.fi/en/group (https://www.mandatum.fi/en/group/)

Distribution:

Nasdaq Helsinki

Financial Supervisory Authority

The principal media

www.mandatum.fi (https://www.mandatum.fi/en/)