Robit Oyj - Major shareholder announcements

ANNOUNCEMENT OF A CHANGE IN SHAREHOLDING ACCORDING TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKET ACT

ROBIT PLC STOCK EXCHANGE RELEASE 24 MAY 2017 AT 8.45 P.M.

ANNOUNCEMENT OF A CHANGE IN SHAREHOLDING ACCORDING TO CHAPTER 9, SECTION 10 OF
THE FINNISH SECURITIES MARKET ACT

Robit  Plc has on 24 May 2017 received  a notification from Varma Mutual Pension
Insurance Company ("Varma") in accordance with the Finnish Securities Market Act
Chapter 9, Section 5.

According  to the announcement, the total number  of Robit shares owned by Varma
increased above five (5) per cent of the shares of Robit Plc on 24 May 2017.

Total position of Varma, subject to the notification:

+------------------+------------+-----------------+-----------+----------------+
|                  |            | % of shares and |           |Total number of |
|                  |% of shares |  voting rights  | Total of  |   shares and   |
|                  | and votes  |through financial| both in % |voting rights of|
|                  |            |   instruments   |           |     issuer     |
+------------------+------------+-----------------+-----------+----------------+
|Resulting         |            |                 |           |                |
|situation on the  |            |                 |           |                |
|date on which     |   7,86 %   |                 |  7,86 %   |   21,083,900   |
|threshold was     |            |                 |           |                |
|crossed or reached|            |                 |           |                |
+------------------+------------+-----------------+-----------+----------------+
|Position of       |            |                 |           |                |
|previous          |            |                 |           |                |
|notification (if  |            |                 |           |                |
|applicable)       |            |                 |           |                |
+------------------+------------+-----------------+-----------+----------------+

Notified  details of the resulting situation on  the date on which the threshold
was crossed and reached:

+------------------------------------------------------------------------------+
|A: Shares and voting rights                                                   |
+--------------------+-----------------------------+---------------------------+
|Class/type of shares| Number of shares and voting |  % of shares and voting   |
|     ISIN code      |           rights            |          rights           |
+--------------------+-+---------+-----------------+---------+-----------------+
|                      | Direct  |    Indirect     | Direct  |    Indirect     |
|                      |(SMA 9:5)|(SMA 9:6 and 9:7)|(SMA 9:5)|(SMA 9:6 and 9:7)|
+----------------------+---------+-----------------+---------+-----------------+
|FI4000150016          |1,657,000|                 | 7,86 %  |                 |
+----------------------+---------+-----------------+---------+-----------------+
|SUB-TOTAL A           |         1,657,000         |          7,86 %           |
+----------------------+---------------------------+---------------------------+
|                                                                              |
+------------------------------------------------------------------------------+

Additional information included in the notification:

Share  issue  24 May  2017. The  Company  has  issued  5,000,000 new  shares. In
connection with the issue, the largest shareholder of the Company, Five Alliance
Oy has sold 2,000,000 shares. The ownership has been calculated based on the new
total number of shares as published by the Company on 24 May 2017.

ROBIT PLC
Harri Sjöholm, Chairman of the Board of Directors

Additional information:
Harri Sjöholm, Chairman of the Board of Directors
+358 400 622 092
harri.sjoholm@robit.fi

Robit  is  a  strongly  internationalized  growth  company selling and servicing
global   customers   in   drilling   consumables  for  applications  in  mining,
construction  and  contracting,  tunneling  and  well  drilling.  The  company's
offering  is divided into three product and  service range: Top Hammer and Down-
the-Hole  products  as  well  as  Digital  Services.  Robit has 21 own sales and
service   points  as  well  as  active  sales  networks  in  115 countries.  The
manufacturing units are located in Finland, South Korea, Australia, UK and USA.

Distribution:
Nasdaq Helsinki Ltd
Major Media
www.robitgroup.com


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