Cramo Oyj - Major shareholder announcements

Notification pursuant to Chapter 9, section 5 of the Securities Markets Act

Vantaa, Finland, 2017-05-22 13:00 CEST (GLOBE NEWSWIRE) -- Cramo Plc    Stock
Exchange Release 22 May 2017, at 2.00 pm Finnish time (EET) 

Notification pursuant to Chapter 9, section 5 of the Securities Markets Act

Cramo Plc has received on 19 May 2017 the following notification pursuant to
Chapter 9, section 5 of the Securities Markets Act ("SMA") from Massachusetts
Mutual Life Insurance Company, MassMutual Holding LLC and MM Asset Management
Holding LLC of Springfield, Massachusetts, USA, according to which their total
holding of shares in Cramo Plc has increased above five (5) percent on 18 May
2017. According to the notification, the reasons for the notification were an
acquisition of shares or voting rights and the addition of Barings LLC to the
chain of controlled undertakings. 

Aggregate position of Massachusetts Mutual Life Insurance Company, MassMutual
Holding LLC and MM Asset Management Holding LLC according to the notification: 

                  % of shares     % of shares and   Total of both   Total number
                          and              voting            in %             of
                       voting      rights through                     shares and
                       rights           financial                         voting
                                      instruments                      rights of
                                                                          issuer
--------------------------------------------------------------------------------
Resulting               5.17%                   –           5.17%     44,690,554
 situation                                                                      
on the date on                                                                  
 which                                                                          
threshold was                                                                   
crossed or                                                                      
 reached                                                                        
--------------------------------------------------------------------------------
Position of             5.17%                   –           5.17%               
 previous                                                                       
notification                                                                    
 (if                                                                            
applicable)*                                                                    
--------------------------------------------------------------------------------

* According to the latest notification provided to the company on 5 October
2016 the amount of the shares and voting rights has been 4.89%. 


Notified details of the resulting situation following the crossing of the
threshold: 

  A: Shares and voting rights

               Number of shares and voting rights  % of shares and voting rights
--------------------------------------------------------------------------------
Class/type of  Direct        Indirect              Direct      Indirect         
shares         (SMA 9:5)     (SMA 9:6 and 9:7)     (SMA 9:5)   (SMA 9:6 and 9:7)
--------------------------------------------------------------------------------
FI0009900476   2,312,666     –                     5.17%       –                
--------------------------------------------------------------------------------
SUBTOTAL A     2,312,666                           5.17%                        
--------------------------------------------------------------------------------



Information in relation to the person subject to the notification obligation as
contained in the notification: 

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 and       % of shares and  Total of both
                                     voting                voting               
                                     rights        rights through               
                                                        financial               
                                                      instruments               
--------------------------------------------------------------------------------
Massachusetts Mutual                  5.17%                     –          5.17%
Life Insurance                                                                  
 Company                                                                        
--------------------------------------------------------------------------------
MassMutual Holdings                   5.17%                     –          5.17%
LLC                                                                             
--------------------------------------------------------------------------------
MM Asset Management                   5.17%                     –          5.17%
LLC                                                                             
--------------------------------------------------------------------------------



Additional information contained in the notification:

The complete chain of controlled undertakings is the following (the above       
 section contains the entities which are over the 5% threshold):                
Massachusetts Mutual Life Insurance Company                                     
MassMutual Holdings LLC                                                         
MM Asset Management LLC                                                         
Barings LLC                                                                     
MassMutual Baring Holding LLC                                                   
MassMutual Holdings (Bermuda) Limited                                           
Baring Asset Management Limited                                                 
Baring Fund Managers Limited                                                    
Oppenheimer Acquisition                                                         
OppenheimerFunds, Inc.                                                          
OFI Global Institutional, Inc.                                                  
OFI Global Trust Company                                                        
OppenheimerFunds, Inc., OFI Global Institutional, Inc. and Baring Fund Managers 
 Limited are investment managers that independently exercise their respective   
 voting powers on behalf of the clients and investment funds whose assets they  
 are managing.                                                                  
--------------------------------------------------------------------------------



CRAMO PLC

Leif Gustafsson
President and CEO



Further information:

Mr Mattias Rådström, SVP, Communication, Marketing and Investor Relations, tel:
+46 70 868 7045 


Distribution:
Nasdaq Helsinki Ltd.
Major media
www.cramogroup.com



Cramo is Europe’s second largest rental services company specialising in
construction machinery and equipment rental and rental-related services as well
as the rental of modular space. Cramo operates in fifteen countries and in
about 320 depots. With a group staff around 2,600, Cramo's consolidated sales
in 2016 was EUR 712 million. Cramo shares are listed on Nasdaq Helsinki Ltd. 

Read more: www.cramogroup.com, www.twitter.com/cramogroup