2022-06-23 07:30:00 CEST

2022-06-23 07:30:14 CEST


REGULATED INFORMATION

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Delete Group Oyj - Inside information

Delete Finland Oy divests Delete Ympäristöpalvelut Oy


Delete Group OyjStock Exchange Release 23 June 2022 at 8:30 a.m. EEST

Delete Finland Oy divests Delete Ympäristöpalvelut Oy

Delete Finland Oy, part of the Delete Group ("Delete"), has signed an agreement
on the divestment ("Transaction") of Delete Ympäristöpalvelut Oy, a subsidiary
operating in the Recycling Services business area. The Transaction will be
carried out by selling all the shares in Delete Ympäristöpalvelut Oy to Remeo
Holding II Oy, which is the parent company of a well-known Finnish environmental
services company Remeo Oy.

The net proceeds (after deducting transaction costs, certain net debt items and
other adjustments) to Delete resulting from the Transaction are approximately
EUR 36.3 million. The net proceeds from the divestment will be used to partially
redeem Delete Group's senior secured notes maturing in 2024 (ISIN FI4000252119).

Delete is one of the leading environmental service providers in the Nordic
countries, currently divided into two businesses: Cleaning Services and
Recycling Services.

As a result of the strategic review launched in 2018, Delete has investigated
the potential sale of one or several of its business areas or sub-segments
thereof, other than the Industrial Cleaning business area. During 2020-2021,
Delete divested its Demolition Services companies. Following the completion of
the Transaction, Delete will no longer operate in the Recycling Services
business area, and the company will focus on the long-term development of
Cleaning Services. In 2021, the net sales of Delete's Recycling Services
business were EUR 25.0 million and the net sales of the Cleaning Services
business were EUR 110.2 million.

The completion of the Transaction is not conditional upon approval of the
competition authorities and is expected to be completed in June 2022.

FOR FURTHER INFORMATION, PLEASE CONTACT

Ville Mannola, CFO of Delete Group Oyj

E-mail: ville.mannola@delete.fi

Tel. +358 400 357767

DELETE GROUP IN BRIEF

Delete Group is one of the leading providers of environmental services in the
Nordic countries. Following the Transaction, the Group will provide customers
with business-critical services that require special expertise and equipment in
cleaning services.

The Group's head office is located in Helsinki, and after the Transaction, the
company employs approximately 600 professionals in 28 locations in Finland and
Sweden.
www.deletegroup.fi