Suominen Corporation: Notification of change in holdings according to chapter 9, section 10 of the Securities Market Act

Suominen Corporation, stock exchange release on Mach 8, 2022 at 11:00 a.m. (EET)

Suominen Corporation has received a notification on March 7, 2022 referred to Chapter 9, Section 5 and 6 of the Securities Market Act. According to the notification, the shareholding of Etola Group Oy, controlled by Mr Erkki Etola, in Suominen Corporation has crossed the 10% flagging threshold. At the same time the total holding of Erkki Etola and companies controlled by him in Suominen Corporation has crossed the 20% flagging threshold.

Total positions of person subject to the notification obligation:

	% of shares and voting rights (total of 7.A)	% of shares and voting rights through financial instruments (total of 7.B)	Total of both in % (7.A + 7.B)	Total number of shares and voting rights of the issuer
Resulting situation on the date on which threshold was crossed or reached	22.06%		22.06%	58,259,219
Position of previous notification (if applicable)	19.91%		19.91%

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

A: Shares and voting rights
Class/type of shares	Number of shares and voting rights		% of shares and voting rights
	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
FI0009010862		12,850,000		22.06%
TOTAL		12,850,000		22.06%

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 voting rights	% of shares and voting rights through financial instruments	Total of both
Erkki Etola
Oy Etra Invest Ab	12.02%		7.000.000
Etola Group Oy	10.04%		5.850.000

Etola Group Oy is a company controlled by Erkki Etola through direct ownership.
Oy Etra Invest is a company controlled by Erkki Etola through indirect ownership.

SUOMINEN CORPORATION

For further information, please contact: Emilia Peltola, VP, Communications & IR, tel +358 50 540 9747

Suominen manufactures nonwovens as roll goods for wipes and other applications. Our vision is to be the frontrunner for nonwovens innovation and sustainability. The end products made of Suominen’s nonwovens are present in people’s daily life worldwide. Suominen’s net sales in 2021 were EUR 443.2 million and we have over 700 professionals working in Europe and in the Americas. Suominen’s shares are listed on Nasdaq Helsinki. Read more at www.suominen.fi.