Sitowise Group Plc: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

Stock Exchange Release 26 April 2021, at 9:00 a.m. (EET)

Sitowise Group Plc (the "Company") has received a notification in accordance with the Chapter 9, Section 10 of the Finnish Securities Market Act from Intera Partners Oy ("Intera"), according to which Intera's indirect holding of the shares and votes of the Company totals to 14.6 percent and Intera's holding through financial instruments decreased below the threshold of 5 percent. The change was due to a share lending agreement signed by Intera Fund III Ky, a partnership ultimately controlled by Intera, and Danske Bank A/S, Finland Branch ("Danske") in connection with the Initial Public Offering of the Company on 25 March 2021, according to which Intera has lent 2,558,750 existing shares in the Company to Danske. Danske has on 23 April 2021 notified Intera that it will partly exercise the over-allotment option described in the Company's offering circular dated 12 March 2021. Danske will purchase 1,970,557 shares in the Company from Intera in accordance with the over-allotment option and redelivers simultaneously to Intera the shares borrowed by Danske according to the share lending agreement. As a result, Intera's indirect holding through financial instruments has decreased to zero, i.e. below the threshold of 5 percent, and the total position through indirect holdings of shares and votes and through financial instruments has fallen below the threshold of 15 percent.

Total positions of Intera according to notification:

  % of shares and voting rights
(total of A)
% of shares and voting rights through financial instruments (total of B) Total of both in %
(A + B)
Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed
or reached
14.56%  0% 14.56% 35,165,927
Position of previous notification (if applicable) 13.14% 7.42% 20.56%

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
ISIN code (if possible) Direct
(SMA 9:5)
Indirect
(SMA 9:6 and 9:7)
Direct
(SMA 9:5)
Indirect
(SMA 9:6 and 9:7)
FI4000480215 N/A 5,121,573 N/A 14.56%
SUBTOTAL A 5,121,573 14.56%

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

Full chain of controlled undertakings through which the shares, voting rights or 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
Intera Partners Oy 0%  0% 0%
Intera Equity Partners III Oy 0%  0% 0%
Intera Fund III Ky 14.56% 0% 14.56%

Further enquiries

Minttu Vilander, Chief Communications and Corporate Responsibility Officer, Sitowise Group Plc, tel. +358 40 575 6660

Information about Sitowise

Sitowise is a Nordic expert in the built environment that offers sustainable design and consulting services. Sitowise operates in various size projects to enable more responsible and smarter urban development as well as smooth transportation. Sitowise offers its services in the following areas: Buildings, Infrastructure and Digital Solutions. Sitowise’s operations are primarily in Finland and Sweden, and it also has competence centers in Estonia and Latvia mainly serving Sitowise’s projects in Finland and Sweden. The group’s net sales was approximately EUR 160 million in 2020 and the company employs over 1,900 experts.