Kamux Oyj - Inside information

Kamux Oyj: The IPO of Kamux Corporation has been oversubscribed and the final subscription price is EUR 7.20 per share

KAMUX CORPORATION                                    STOCK EXCHANGE
RELEASE        MAY 11, 2017 at 14:40

Not for publication, distribution or release, in whole or in part, directly or
indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan,
New Zealand, South Africa or Singapore or any other country where it would be
against the law.



The  IPO of Kamux Corporation has been oversubscribed and the final subscription
price is EUR 7.20 per share

The  Board of  Directors of  Kamux Corporation  ("Kamux" or  "the Company") have
today  decided on the  completion of the  initial public offering  of Kamux. The
final  subscription price (the  "Final Subscription Price")  in the Offering (as
defined  below) is EUR 7.20 per Offer Share (as defined below), corresponding to
a market capitalization of approximately EUR 287.9 million immediately following
the  Offering.  The  demand  in  the  Offering  was strong, and the Offering was
oversubscribed.  The Company's shares are expected  to start trading on the pre-
list  of Nasdaq  Helsinki Ltd  (the "Helsinki  Stock Exchange")  on or about May
12, 2017.

Kamux  will issue  2,852,853 new shares  in the  Company (the "New Shares") (the
"Share  Issue"), corresponding to approximately  7.7 percent of the total number
of  the Company's  shares outstanding  before the  Offering. In addition, Intera
Fund  II Ky ("Intera")  and certain other  shareholders of the Company (together
with  Intera, the "Sellers") will sell 14,398,327 existing shares in the Company
(the  "Sale Shares") (the "Share  Sale", and together with  the Share Issue, the
"Offering").

743,333 New Shares will be issued to private individuals and entities in Finland
(the "Public Offering") and 1,999,700 New Shares and, in total, 16,398,027 Offer
Shares   will   be   allocated   to   institutional  investors  in  Finland  and
internationally  (the "Institutional  Offering"), assuming  full exercise of the
Over-Allotment  Option (as defined  below). The commitments  given in the Public
Offering will be accepted in full.

In  addition, Kamux will issue 109,820 New  Shares in the Personnel Offering (as
defined  below).  All  permanent  employees  of  the Company or its wholly-owned
subsidiaries  on April 26, 2017 and the members of the Board of Directors of the
Company  (together  the  "Personnel"),  excluding  Sellers, have been offered an
opportunity  to  participate  in  the  offering  (the "Personnel Offering"). The
subscription  price per share in the Personnel Offering is 10 percent lower than
the  Final Subscription Price  in the Public  Offering, i.e., EUR 6.48 per Offer
Share. The commitments given in the Personnel Offering will be accepted in full.

The  Company will receive gross proceeds  of approximately EUR 20.5 million from
the  Offering and the  Sellers will receive  gross proceeds of approximately EUR
103.7 million  assuming full  exercise of  the Over-Allotment  Option. The total
number  of the Company's  outstanding shares will  increase to 39,987,294 shares
after  the New  Shares offered  in the  Public Offering,  Personnel Offering and
Institutional  Offering are  registered in  the Trade  Register on  or about May
11, 2017. The  number of shareholders  after the Offering  will increase to more
than 1,200 shareholders.

New  Shares issued in the  Share Issue are expected  to be recorded in the book-
entry accounts of investors who have made an approved commitment on or about the
first  banking day after the pricing, i.e.,  on or about May 12, 2017. The Offer
Shares  in the Institutional Offering  are expected to be  ready to be delivered
against payment through Euroclear Finland Ltd on or about May 16, 2017.

A  confirmation letter regarding the approval of the commitments will be sent on
or  about May 12, 2017 to all investors  who have submitted their commitments in
the  Public Offering  and the  Personnel Offering.  Any excess  payments made in
connection  with the  commitments will  be refunded  to investors' bank accounts
approximately  on the third banking day after the pricing, i.e., on or about May
16, 2017. If the investor's bank account is in a different financial institution
to  the subscription place, the refund will  be paid into a Finnish bank account
in   accordance  with  the  payment  schedule  of  the  financial  institutions,
approximately no later than two banking days thereafter.

The  trading of  Kamux shares  is expected  to commence  on the  pre-list of the
Helsinki  Stock Exchange tomorrow, May 12, 2017 and  on the official list of the
Helsinki Stock Exchange on or about May 16, 2017. The ISIN code of the shares is
FI4000206750 and the share trading code is "KAMUX".

Intera  and Skandinaviska  Enskilda Banken  AB (publ),  Helsinki branch,  in its
capacity  as stabilizing manager ("SEB" or  the "Stabilizing Manager") may agree
that  Intera  shall  give  the  Stabilizing  Manager  an  Over-Allotment  Option
exercisable within 30 days from the commencement of trading of the shares on the
Helsinki  Stock Exchange (which  is estimated to  occur between May 12, 2017 and
June 10, 2017), to purchase or to procure purchasers for a maximum of 2,250,153
additional shares (the "Additional Shares") solely to cover over-allotments (the
"Over-Allotment  Option").  The  shares  included  in  the Over-Allotment Option
represent  approximately 5.6 percent of  the outstanding shares  and votes after
the  Offering. Unless the context indicates  otherwise, the New Shares, the Sale
Shares  and the Additional Shares are together  referred to herein as the "Offer
Shares."

SEB  may, within  30 days of  the publication  of the  Final Subscription Price,
first  on the  pre-list and  later on  the official  list of  the Helsinki Stock
Exchange,  engage in measures  that stabilize, maintain  or otherwise affect the
price  of the shares. Any stabilization measures will be conducted in accordance
with  Regulation (EU) No 596/2014 of the  European Parliament and of the Council
on  market abuse (market abuse  regulation) and repealing Directive 2003/6/EC of
the   European   Parliament   and  of  the  Council  and  Commission  Directives
2003/124/EC, 2003/125/EC and  2004/72/EC. SEB  expects  to  enter  into  a share
lending   agreement  with  Intera  related  to  the  Over-Allotment  Option  and
stabilization.

On March 27, 2017, the shareholders of the Company decided by unanimous decision
to  elect Harri Sivula as the new member of the Board of Directors. The election
of  the new member of the Board  of Directors is conditional upon the completion
of  the Offering  and the  listing of  the Company's,  and it  enters into force
immediately  upon the commencement of  trading in the shares  on the pre-list of
the Helsinki Stock Exchange.

SEB  acts  as  the  lead  manager  (the  "Lead  Manager") in the Offering and OP
Corporate  Bank  plc  acts  as  the  manager  ("OP,"  and together with the Lead
Manager,  the "Managers") in  the Offering. White  & Case LLP  acts as the legal
advisor to the Company. Roschier Attorneys Ltd. acts as the legal advisor to the
Managers.



CEO and founder Juha Kalliokoski:

"I  founded Kamux  in 2003 and  have been  a part  of the company's success ever
since.  I'm excited to continue this work in  the listed Kamux. Our vision is to
be a leading retail chain specializing in the sale of used cars in Europe. Going
public  provides us better opportunities to realize this vision. I want to thank
all of our new shareholders for their trust. We will continue to work on Kamux's
growth to the benefit of our shareholders, customers and employees."



Chairman of the Board Matti Virtanen

"We  are delighted  to have  a new  Finnish growth  company, Kamux, in the stock
exchange.  Our goal is to continue Kamux's  growth as one of the most successful
Nordic  retail  chains  expanding  internationally.  Going  public  supports the
company's  strategy  in  Finland  and  internationally.  Furthermore, it enables
additional  investments, for example,  in digitalization. Kamux  has renewed the
used car trade, and in the future we want to be a forerunner in digital customer
experience in used car retail business.

In  the initial public offering, both Finnish and international investors showed
strong  demand,  and  the  initial  public  offering  was  oversubscribed. Kamux
attracted  more than 1,200 new shareholders to  join the company's growth story.
It  should also be  noted that after  the initial public offering, approximately
30% of Kamux's permanent employees are now also shareholders in the company."

Enquiries

Juha Kalliokoski, CEO and Founder, Kamux Corporation, +358 50 544 5538

Matti Virtanen, Chairman of the Board, Kamux Corporation, +358 50 434 7676

Satu   Heikkilä,  Head  of  Communications  and  Marketing,  Kamux  Corporation,
+358 400 629 337

Important Information

Neither   this   announcement  nor  the  information  contained  herein  is  for
publication,  distribution  or  release,  in  whole  or  in  part,  directly  or
indirectly,  in  or  into  the  United  States, Australia, Canada, the Hong Kong
special  administrative region  of the  People's Republic  of China,  Japan, New
Zealand,  South Africa or Singapore or any  other jurisdiction where to do would
constitute violation of the relevant laws of such jurisdiction.

This  announcement is not a prospectus for the purposes of Directive 2003/71/EC
(such  directive, as amended, together with any applicable implementing measures
in the relevant member state of the European Economic Area under such Directive,
the  "Prospectus Directive"). A  prospectus prepared pursuant  to the Prospectus
Directive  and approved by the Finnish  Financial Supervisory Authority has been
published,  and it can be obtained from  Kamux and other places indicated in the
prospectus.  Investors  should  not  subscribe  for  or  purchase any securities
referred to in this announcement except on the basis of information contained in
the prospectus.

This  announcement  does  not  contain  or  constitute  an  offer  to sell, or a
solicitation  of an offer to purchase, any  securities in the United States. The
securities  referred to herein may  not be offered or  sold in the United States
absent  registration or an exemption from registration under the U.S. Securities
Act of 1933, as amended. Kamux does not intend to register any of the securities
in  the United States or  to conduct a public  offering of the securities in the
United States.

This  announcement is  directed only  at: (A)  persons in  member states  of the
European  Economic  Area  who  are  "qualified  investors" within the meaning of
Article  2(1)(e) of the Prospectus Directive (the "Qualified Investors"); (B) in
the   United   Kingdom,  Qualified  Investors  who  are  persons  who  (i)  have
professional  experience in matters relating to  investments and who fall within
the  definition of "investment professionals"  in Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the
"Order");  or (ii) are high net worth  entities falling within Article 49 of the
Order;  and (C) other persons to whom  it may otherwise lawfully be communicated
(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.

None of the Managers or any of their respective affiliates, directors, officers,
employees, advisers or agents accepts any responsibility or liability whatsoever
for/or  makes  any  representation  or  warranty,  express or implied, as to the
truth,  accuracy or  completeness of  the information  in this  announcement (or
whether  any information  has been  omitted from  the announcement) or any other
information relating to Kamux, its subsidiaries or associated companies, whether
written,  oral or in a  visual or electronic form,  and howsoever transmitted or
made  available  or  for  any  loss  howsoever  arising  from  any  use  of this
announcement or its contents or otherwise arising in connection therewith.

The  Managers  are  each  acting  exclusively  for  Kamux and for no-one else in
connection  with any  transaction mentioned  in this  announcement and  will not
regard  any other person (whether or not  a recipient of this announcement) as a
client  in relation to any  such transaction and will  not be responsible to any
other person for providing the protections afforded to their respective clients,
or  for advising  any such  person on  the contents  of this  announcement or in
connection  with any transaction referred to  in this announcement. The contents
of this announcement have not been verified by the Managers.

This  announcement does not constitute a recommendation concerning the offering.
The  price and value of securities and any  income from them can go down as well
as  up. Past performance  is not a  guide to future  performance. Information in
this  announcement or any  of the documents  relating to the  offering cannot be
relied  upon as a  guide to future  performance. There is  no guarantee that the
listing  on the Helsinki Stock Exchange will  occur and you should not base your
financial  decisions on  Kamux's intentions  in relation  to the listing at this
stage.  Potential  investors  should  consult  a  professional advisor as to the
suitability of the offering for the entity concerned.

Each of the Managers and any of their respective affiliates, acting as investors
for  their own accounts,  may purchase shares  and in that  capacity may retain,
purchase,  sell, offer to sell or otherwise  deal for their own accounts in such
shares  and other securities of Kamux  or related investments in connection with
the offering or otherwise. Accordingly, references in the final prospectus, once
published,  to the  shares being  offered, acquired,  sold, placed  or otherwise
dealt  in should be read  as including any offer,  sale, acquisition, placing or
dealing  in the shares by any of the Managers and any of their affiliates acting
as  investors for their  own accounts. In  addition, certain of  the Managers or
their  affiliates may enter into financing  arrangements and swaps in connection
with  which they  or their  affiliates may  from time  to time  acquire, hold or
dispose  of shares. None of  the Managers intends to  disclose the extent of any
such  investment or transaction  otherwise than in  accordance with any legal or
regulatory obligations to do so.

No  representation or warranty, express or implied,  is given by or on behalf of
the  Managers or  any of  their respective  subsidiaries, affiliates,  agents or
advisers or any of such persons' affiliates, directors, officers or employees or
any  other person as to the  fairness, accuracy, completeness or verification of
the information or the opinions contained in this announcement, and no liability
is  accepted for any such  information or opinions. Each  of the Managers or any
such  persons' directors, officers, employees or  affiliates or any other person
disclaim  all and  any responsibility  and liability  whatsoever for any errors,
omissions  or inaccuracies in such information or opinions or for any loss, cost
or  damage suffered or incurred howsoever  arising, directly or indirectly, from
any  use of this  announcement or its  contents or otherwise  in connection with
this announcement.



Forward-looking Statements

Matters   discussed   in   this   announcement  may  constitute  forward-looking
statements.  Forward-looking statements  are statements  that are not historical
facts  and may be identified by words such as "believe," "expect," "anticipate,"
"intend,"   "estimate,"   "will,"   "may,"   "continue,"  "should"  and  similar
expressions.  The  forward-looking  statements  in  this  release are based upon
various  assumptions.  Although  Kamux  believes  that  these  assumptions  were
reasonable  when made, these  assumptions are inherently  subject to significant
known  and  unknown  risks,  uncertainties,  contingencies  and  other important
factors,  which  are  difficult  or  impossible  to  predict  and are beyond its
control.  Such risks,  uncertainties, contingencies  and other important factors
could  cause actual events to differ  materially from the expectations expressed
or implied in this release by such forward-looking statements.

Each  of Kamux, the Managers and  their respective affiliates expressly disclaim
any  obligation or undertaking to  update, review or revise  any of the forward-
looking  statements contained  in this  announcement whether  as a result of new
information, future developments or otherwise.

The  information,  opinions  and  forward-looking  statements  contained in this
announcement  speak  only  as  at  its  date,  and are subject to change without
notice.


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