Relais Group Plc: 10 largest shareholders after the completion of the Initial Public Offering

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RELAIS GROUP PLC COMPANY RELEASE October 22, 2019, AT 3.00 P.M.EET

The ten largest registered shareholders of Relais Group Plc (the "Company") and their shares of ownership after the completion of the Initial Public Offering are shown in the table below (source Euroclear Finland Ltd, October 21, 2019).

Shareholder Number of Shares Percentage of Shares and Votes1
  1. Ari Salmivuori
6,328,800 39.0
  1. Nordic Industry Development AB
4,375,350 27.0
  1. Finnish Industry Investment Ltd
462,949 2.9
  1. Ajanta Oy
453,2002 2.82
  1. Ilmarinen Mutual Pension Insurance Company
440,463 2.7
  1. Elo Mutual Pension Insurance Company
396,813 2.4
  1. Kari Stadigh
292,200 1.8
  1. Pensionsförsäkringsaktiebolaget Veritas
195,761 1.2
  1. Ville Mikkonen
174,800 1.1
  1. Rausanne Oy
150,972 0.9
Ten largest registered shareholders, in total 13,271,308 81.9
Other shareholders3 2,942,492 18.1
In total 16,213,800 100 %
1 The Company has a single series of shares, and each share entitles its holder to one vote in the General Meeting of Shareholders of the Company. 2 Including 443,250 shares which Ajanta Oy purchased from Nordic Industry Development AB pursuant to a call option on October 3, 2019. As at the date of this release, the transfer of such shares to Ajanta Oy has not been registered in the shareholder register maintained by Euroclear Finland Ltd. 3 Out of other shareholders, 36,971 shares, representing 0.2 percent of shares and votes, are nominee registered.

The ten largest registered shareholders of the Company and their shares of ownership before the Initial Public Offering are shown in the table below.

Shareholder Number of Shares Percentage of Shares and Votes1
  1. Ari Salmivuori
6,328,800 46.8
  1. Nordic Industry Development AB2
4,375,350 32.4
  1. Ajanta Oy3
1,718,200 12.7
  1. Kari Stadigh
292,200 2.2
  1. Ville Mikkonen
214,800 1.6
  1. Lauri Pietarinen
110,000 0.8
  1. Harri Hyrkkönen
90,800 0.7
  1. Esa Mäkinen
90,800 0.7
  1. JG Management AB4
62,050 0.5
  1. Entrada Oy5
44,300 0.3
Ten largest registered shareholders, in total 13,327,300 98.7
Other shareholders 181,500 1.3
In total6 13,508,800 100.0
1 The Company has a single series of shares, and each share entitles its holder to one vote in the General Meeting of Shareholders of the Company. 2 Jesper Otterbeck owns indirectly 50 percent of Nordic Industry Development AB. 3 Ajanta Oy is controlled by Ari Salmivuori. 4 JG Management AB is controlled by Juan Garcia. 5 Entrada Oy is controlled by Olli-Pekka Kallasvuo. 6 Including the Company’s treasury shares.

Further information:

Relais Group Plc

Arni Ekholm, CEO

email: arni.ekholm@relais.fi

+358 40 760 3323

Certified Adviser:

Evli Bank Plc, tel. +358 40 579 6210

Relais Group in brief

Relais Group is an importer and technical wholesaler that actively develops its vehicle electrical equipment and spare parts business operations in the Nordic and Baltic countries. Relais creates added value for its customers by offering vehicle spare parts, electrical equipment and specialist services throughout the life cycle of vehicles in a reliable, efficient and timely manner. As a strongly growth-oriented company, Relais aims to be an industry forerunner in the vehicle life cycle enhancement business. The reported net sales of Relais Group amounted to EUR 72.5 million in 2018 and, illustrating the impact of Relais' acquisition of ABR and Huzells in May 2019, the pro forma net sales of Relais Group amounted to EUR 119 million in 2018. The company employs more than 260 people in five countries.

www.relais.fi

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