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Announcement of a Change in Shareholding According to Chapter 9, Section 10 of the Finnish Securities Market Act

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Sitowise Group Plc Stock Exchange Release 16 October 2024 at 12.30 p.m. (EEST)

Sitowise Group Plc (the "Company") has on 15 October 2024 received a notification in accordance with the Chapter 9, Section 10 of the Finnish Securities Market Act from Morgan Stanley, according to which Morgan Stanley & Co International Plc's holding of the shares and votes of the Company has increased to 11.16 percent on 14 October 2024.

According to the notification, Morgan Stanley holds indirectly a total of 2,920,915 shares corresponding to 8.15 percent of the Company’s shares and votes, and a total of 1,078,167 share through financial instruments corresponding to 3,01% percent of the Company’s shares and votes. 

The Company has one series of shares in which each share carries one vote. The total number of shares and votes is 35,845,665.

Total positions of Morgan Stanley & Co International Plc according to the 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 8.15 3.01 11.16 35,845,665
Position of previous notification
(14 October 2024)
0.13 2.84 2.97

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 0 2,920,915 0.00% 8.15%
SUBTOTAL A 2,920,915 8.15%

B: Financial instruments according to the Finnish Securities Market Act, Chapter 9, Section 6a

Type of financial instrument Expiration date Exercise/ Conversion period Physical or cash settlement Number of shares and voting rights % of shares and voting rights
Right of Recall over a securities lending agreement At any time At any time Physical 1,78,167 3.01%
SUBTOTAL B 1,078,167 3.01%

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
Morgan Stanley
Morgan Stanley International Holdings Inc.
Morgan Stanley International Limited
Morgan Stanley Investments (UK)
Morgan Stanley & Co. International plc 8.15% 3.01% 11.16%

Sitowise Group Plc

Additional information:

Hanna Masala, CFO, Sitowise Group Plc, tel. +358 40 558 1323

Distribution:

Nasdaq Helsinki
Major media
www.sitowise.com

About Sitowise

Sitowise is a Nordic expert in the built environment and forestry with strong focus on digitality. We provide design and consulting knowhow to enable more sustainable environment and smarter urban development as well as smooth transportation. Sitowise offers services related to real estate and buildings, infrastructure, and digital solutions both in Finland and in Sweden. Global megatrends drive huge changes that require a re-evaluation of the smartness in the built environment – therefore we have set our vision to be Redefining Smartness in Cities. The Group's net sales were EUR  211 million in 2023 and the company employs more than 2,100 experts. Sitowise Group Plc is listed on Nasdaq Helsinki under the trading symbol SITOWS.

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