Sanitec - Company Announcement

Geberit has declared the offer for Sanitec unconditional and announced that it will acquire all tendered shares

On 14 October 2014, Geberit AG (“Geberit”) announced a public offer to the
shareholders of Sanitec Corporation (“Sanitec”) to tender all shares in Sanitec
to Geberit at a price of SEK 97 in cash per share (the “Offer”). Geberit has
today announced that as of the time of expiry of the acceptance period on 2
February 2015 at 5 p.m. (CET), the shares tendered in the Offer amount to
99,080,684 shares in Sanitec, corresponding to 99.27 per cent of the shares and
99.27 per cent of the voting rights in Sanitec (each number excluding the
190,000 treasury shares currently held by Sanitec).

Geberit has announced that all the conditions for the completion of the Offer
have been fulfilled and that the Offer has been declared unconditional. Geberit
expects the settlement for shares tendered up until 2 February 2015 to take
place on or around 10 February 2015.

Geberit has furthermore announced an extended acceptance period, allowing the
remaining shareholders of Sanitec to accept the Offer until 17 February 2015 at
5:00 p.m. (CET).

The release by Geberit AG referred to above is attached in its entirety to this
stock exchange release as Appendix 1.

_______________________

Appendix 1

The offer referred to in this press release is not being made, whether directly
or indirectly, in Australia, Canada, Hong Kong, Japan, New Zealand or South
Africa or in any other jurisdictions where such offer pursuant to legislation
and regulations in such relevant jurisdictions would be prohibited by applicable
law. Shareholders not resident in Sweden who wish to accept the Offer (as
defined below) must make inquiries concerning applicable legislation and
possible tax consequences. Shareholders should refer to the offer restrictions
included in the section titled “Important notice” at the end of this press
release and in the tender offer document which has been published on Geberit's
website www.geberit.com. Shareholders in the United States should also refer to
the section titled “Special notice to shareholders in the United States” at the
end of this press release.

Geberit AG, Rapperswil-Jona, 3 February, 2015, 5:45 p.m. (CET)

Geberit declares the offer for Sanitec unconditional and will acquire all
tendered shares

The offer has been accepted to such extent that Geberit after completion of the
offer will become the owner of 99.27 percent of all shares in Sanitec.

On 14 October 2014, Geberit Aktiengesellschaft (“Geberit”) announced a public
offer to the shareholders of Sanitec Corporation (“Sanitec”) to tender all
shares in Sanitec to Geberit at a price of SEK 97 in cash per share (the
“Offer”). As of the time of expiry of the acceptance period on 2 February 2015
at 5 p.m. (CET), the shares tendered in the Offer amount to

99,080,684 shares in Sanitec, corresponding to 99.27 percent of the shares and
99.27 percent of the voting rights in Sanitec (1).

Geberit hereby announces that all conditions for completion of the Offer have
been fulfilled.

Accordingly, the Offer is declared unconditional in all respects and Geberit
will complete the acquisition of the shares tendered in the Offer. Settlement
for shares tendered up until 2

February 2015 is expected to take place on or around 10 February 2015.

Remaining shareholders in Sanitec are hereby granted a further extended
acceptance period allowing those shareholders of Sanitec to accept the Offer
until 17 February 2015 at 5 p.m. (CET). Settlement for shares tendered during
this additional acceptance period is expected to take place on or around 20
February 2015.

Geberit will initiate compulsory acquisition of the remaining shares in Sanitec
as well as promote a delisting of Sanitec's shares from NASDAQ Stockholm.

Geberit Aktiengesellschaft

For additional information, please contact:

Geberit AG

Schachenstrasse 77, CH-8645 Jona

Roland Iff, CFO Tel. +41 (0)55 221 66 39

Roman Sidler, Corporate Communications & IR Tel. +41 (0)55 221 69 47

This information was submitted for publication on 3 February, 2015, 5:45 p.m.
(CET).

(1) Each number excluding the 190,000 treasury shares currently held by Sanitec.

Information about the Offer:

www.geberit.com

Important notice

The Offer is not being made, directly or indirectly, in or into Australia,
Canada, Hong Kong, Japan, New Zealand or South Africa or in or into any other
jurisdictions where such offer pursuant to legislation and regulations in such
relevant jurisdictions would be prohibited by applicable law (together, the
“Restricted Jurisdictions”) or by use of mail or any other means or
instrumentality (including, without limitation, facsimile transmission,
electronic mail, telex, telephone and the Internet) of interstate or foreign
commerce, or of any facility of national security exchange, of any Restricted
Jurisdiction, and the Offer cannot be accepted by any such use, means,
instrumentality or facility of, or from within, any Restricted Jurisdiction.
Accordingly, this press release and any documentation relating to the Offer are
not being and should not be sent, mailed or otherwise distributed or forwarded
in or into any Restricted Jurisdiction.

This press release is not being, and must not be, sent to shareholders with
registered addresses in any Restricted Jurisdiction. Banks, brokers, dealers and
other nominees holding shares for persons in any Restricted Jurisdiction must
not forward this press release or any other document received in connection with
the Offer to such persons.

Statements in this press release relating to future status or circumstances,
including statements regarding future performance, growth and other trend
projections and the other benefits of the Offer, are forward-looking statements.
These statements may generally, but not always, be identified by the use of
words such as “anticipates”, “intends”, “expects”, “believes”, or similar
expressions. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will
occur in the future. There can be no assurance that actual results will not
differ materially from those expressed or implied by these forward-looking
statements due to many factors, many of which are outside the control of
Geberit. Any such forward-looking statements speak only as of the date on which
they are made and Geberit has no obligation (and undertakes no such obligation)
to update or revise any of them, whether as a result of new information, future
events or otherwise, except for in accordance with applicable laws and
regulations.

Special notice to shareholders in the United States

The Offer referenced in this press release will be made for shares of Sanitec, a
company incorporated under Finnish law, and is subject to Swedish and Finnish
disclosure and procedural requirements, which are different from those of the
United States. The shares of Sanitec have not been registered under the U.S.
Securities Exchange Act of 1934, as amended (the “U.S. Exchange Act”), and are
not listed or traded on any stock exchange in the United States. Accordingly,
the Offer will be made in the United States in compliance with Section 14(e) of,
and Regulation 14E under, the U.S. Securities Exchange Act , subject to the
exemptions provided by Rule 14d-1(d) under the U.S. Exchange Act and otherwise
in accordance with the requirements of Swedish, and as applicable, Finnish law.
The Offer will be subject to disclosure and other procedural requirements,
including with respect to withdrawal rights, the offer timetable, settlement
procedures and timing of payments that are different from those applicable under
U.S. domestic tender offer procedures and laws. Financial information included
in this announcement, if any, has been prepared in accordance with foreign
accounting standards that may not be comparable to the financial statements of
United States companies.

To the extent permissible under applicable law or regulation, Geberit and its
affiliates or brokers (acting as agents for Geberit or its affiliates, as
applicable) may from time to time after the date hereof, and other than pursuant
to the Offer, directly or indirectly purchase, or arrange to purchase, shares of
Sanitec, that are the subject of the Offer or any securities that are
convertible into, exchangeable for or exercisable for such shares. To the extent
information about such purchases or arrangements to purchase is made public in
Sweden, such information will be disclosed by means of a press release or other
means reasonably calculated to inform U.S. shareholders of Sanitec of such
information. In addition, the financial advisors to Geberit, may also engage in
ordinary course trading activities in securities of Sanitec, which may include
purchases or arrangements to purchase such securities.

NEITHER THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION NOR ANY U.S. STATE
SECURITIES COMMISSION OR REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF
THIS OFFER, PASSED UPON THE FAIRNESS OR MERITS OF THIS ANNOUNCEMENT OR
DETERMINED WHETHER THIS ANNOUNCEMENT IS ACCURATE OR COMPLETE. ANY REPRESENTATION
TO THE CONTRARY IS A CRIMINAL OFFENSE IN THE UNITED STATES.

_______________________
For additional information, please contact:

Niklas Alm
Head of Investor Relations
ir@sanitec.com
mob. 46 76 855 7836

Noora Koikkalainen
Head of Corporate Communications
sanitec.corporation@sanitec.com
tel. 358 10 662 5426
About Sanitec - “Home of the Bathroom”

Sanitec is the leader in bathroom ceramics in Europe. We have a unique portfolio
of some of the most well-known brands with deep roots in the European fixtures
markets, strategically positioned to address local markets. We care passionately
about people's needs when it comes to complete bathroom concepts, providing
products that stand for guaranteed quality, high level of innovation and
attractive design. Stable relationships with key stakeholders in the value chain
and our unique brand strengths foster our leading position as well as the
loyalty and trust amongst our customers, our network of installers and the end
users of our products.

Sanitec operates an integrated European group with an unparalleled local
presence to provide the best value when it comes to bathroom products. In 2013
net sales amounted to EUR 702 million. Our production network includes 18
production facilities throughout Europe and currently Sanitec employs
approximately 6,200 people. Our head office is located in Helsinki, Finland. The
shares in Sanitec Corporation are traded on NASDAQ Stockholm under the symbol
“SNTC”.

For more information about Sanitec, please visit www.sanitec.com.

Attachments:

02035279.pdf