Kamux Oyj - Company Announcement

Kamux Corporation initial public offering discontinued and listing cancelled

KAMUX CORPORATION
STOCK EXCHANGE RELEASE MAY 30, 2016 at 10:00 a.m.

Not for publication, distribution or release, in whole or in part, directly or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.

Kamux Corporation initial public offering discontinued and listing cancelled

The Board of Kamux Corporation ("Kamux" or "Company") has decided to discontinue
the initial public offering announced on 20 May 2016. The Board has also decided
to cancel the listing of Kamux for trading on the official list of NASDAQ OMX
Helsinki Ltd, and has submitted a cancellation notice of its listing application
to NASDAQ OMX Helsinki Ltd.

The Board of Kamux Corporation decided to discontinue the initial public
offering because it was discovered during the offer period that payroll tax and
other social security costs attributable to the Company have not been paid for
several years for certain compensations in kind for some individuals. Having
also consulted the Lead Manager of the listing, the Company considers it in the
best interest of investors to discontinue the listing process. It is important
for the Company to act in a transparent and responsible manner.

When first informed of the irregularities, the Board immediately commissioned an
outside consultant to investigate the matter. According to an initial assessment
carried out over the weekend preceding the publication of this stock exchange
release, the total amount of the payroll tax and social security costs unpaid,
including interest and other tax implications, would be approximately 60,000
euros. Based on the investigation commissioned by the Board, the Company has
immediately contacted the tax authorities to further investigate the
irregularities and to pay the outstanding payroll tax and social security costs
appropriately.

Chairman of the Board Matti Virtanen:

"We can only act responsibly, take care of the matter, and thereby enable the
Company's listing in the future. For this reason, we have decided to interrupt
the initial public offering. The situation is extremely unfortunate, especially
considering the strong interest in the Company among investors."

Furthermore, the Company has received an initial compensation claim from one of
its former shareholders related to the purchase price of shares, which KMX
Holding Oy (now Kamux Corporation) purchased from the shareholder at a price
agreed in spring 2015. The amount claimed is approximately 10 million euros. The
Company considers both the claim and its amount unfounded, and will respond to
the claim accordingly. The claim had no impact on the decision to cancel the
listing of the Company's shares.

According to the Terms and Conditions of the Offering, the paid subscription
prices in the public and personnel offering will be refunded to subscribers
approximately three (3) banking days after the decision by the Board of
Directors to cancel the offering. If the investor's bank account is in another
financial institution than the subscription place, the refund will be paid to
the investor's Finnish bank account in accordance with the payment schedule of
the financial institutions, approximately no more than five (5) banking days
after such decision by the Board of Directors of the Company. No interest will
be paid on such repaid funds.

For further information
Matti Virtanen, Chairman of the Board, Kamux Corporation, +358 50 434 7676
Juha Kalliokoski, CEO, Kamux Corporation, +358 50 544 5538

Kamux Corporation
Kamux  is  a  retail  chain  specializing  in  the sale of used cars and related
integrated  services. Kamux started its  operations in 2003, and Kamux currently
has  34 car showrooms  in Finland,  nine in  Sweden and  it opened its first car
showroom in Germany in December 2015. Since its foundation, the company has sold
more  than 110,000 used cars.  In 2015, Kamux sold  28,515 cars, its revenue was
EUR  310 million and adjusted EBIT was  EUR 16 million, resulting in an adjusted
EBIT  margin  of  5.2 percent,  and  it  employed  271 FTEs  on average. Kamux's
business  is based on professional procurement and  sale of used cars, low fixed
costs, rapid inventory turnover and sales of integrated services.
www.kamux.com

Disclaimer

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  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.

Skandinaviska  Enskilda  Banken  AB  (publ),  Helsinki  Branch, acts as the lead
manager  ("SEB" or the "Lead Manager") in the Offering and OP Corporate Bank plc
acts  as  manager  ("OP,"  and  OP  together  with  SEB,  the "Managers") in the
Offering.

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.

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, whether arising in
tort,  contract or otherwise, 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.

[HUG#2016391]