Pihlajalinna Oyj - Company Announcement

Pihlajalinna Plc: Flagging notification in accordance with Chapter 9, section 5 of the Securities Markets Act

Pihlajalinna Plc Stock Exchange Release 11 May 2016 at11.50

Flagging notification in accordance with Chapter 9, section 5 of the Securities
Markets Act

Pihlajalinna Plc ("Pihlajalinna") has received a notification pursuant to
Chapter 9, Section 5 of the Securities Markets Act from SEntica Buyout III GP Oy
(business ID 2126931-6) and Sentica Buyout III Ky (business ID 2237279-6)

According to the notification, Sentica Buyout III Co-Investment Ky (business ID
2237018-4) (together referred to as the "Funds") have sold thier shares in
Pihlajalinna in privately negotiated transactions (the "Share Sale
Transactions"), in which the Funds sold in total 3,515,990 shares to
LocalTapiola General Mutual Insurance Company, LocalTapiola Mutual Life Insurane
Company and Elo Mutual Pension Insurance Company on 11.5.2016. After the
transactions the Funds' ownership of the shares and the voting rights of
Pihlajalinna is 0 %.

Before the transaction the Funds' ownership of the shares and the voting rights
in Pihlajalinna  was 17,06%.  In connection with the completion of the Share
Sale, Sentica Buyout III Ky's direct ownership of the shares and voting rights
in Pihlajalinna fell below the 5 % threshold. According to the notification, in
the same connection Sentica Buyout III GP Oy's indirect ownership through the
Funds fell below the 5 % threshold of all the shares and voting rights in
Pihlajalinna.

Buyout III GP Oy, which exercises the power of decision in the Funds. The
investment management functions for both of the Funds have been transferred to
Sentica Partners Oy based on a separate investment management agreement.

Pihlajalinna has total of  20,613,146 shares. Each share entitles its holder to
one (1) vote.



PIHLAJALINNA PLC

Terhi Kivinen, SVP, Communications, Marketing and IR, Pihlajalinna Plc,
+358 40 848 4001, terhi.kivinen@pihlajalinna.fi

Distribution

Nasdaq Helsinki Oy

Key media

investors.pihlajalinna-konserni.fi


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