Marathon Asset Management LLP's indirect holdings in Tikkurila decreased below 5.0 percent

Tikkurila Oyj Major Shareholders Announcement May 9, 2019 at 17:45 p.m. (CET+1)

Marathon Asset Management LLP's indirect holdings in Tikkurila decreased below 5.0 percent (Announcement pursuant to the Securities Markets Act, Chapter 9, Section 5)

Tikkurila Oyj (business ID 0197067-4) has received a notification, based on the Securities Markets Act Marathon Asset Management LLP on May 9, 2019.

The holding of the funds and accounts managed by portfolio managers under the control of Marathon Asset Management LLP in shares of Tikkurila Oyj has decreased below the 1/20 (5%) threshold due to trades executed on May 3, 2019. The holding of the above-mentioned entities in Tikkurila Oyj has amounted to a total of 2,204,281 shares, which corresponds to 4.997 percent of the total amount of shares and voting rights. Marathon Asset Management LLP also manages 978,757 shares in Tikkurila Oyj for which clients have retained the right to vote, which are included in the total specified below in the Breakdown of holdings.

Bank of New York Mellon 854,758
JP Morgan 103,039
Northern Trust 960,779
State Street Bank & Trust Company, Boston 1,264,462
Total 3,183,038

The percentages of shares and voting rights have been calculated in proportion to the total number of shares registered with the Trade Register and the total number of voting rights related to them. The share capital of Tikkurila Oyj is EUR 35,000,000.00 and it is divided into 44,108,252 shares. The company has one series of shares, and each share entitles to one voting right.

Tikkurila Oyj
Markus Melkko

For further information, please contact:

Markus Melkko, CFO
Mobile. 040 531 1135,

Sustainable Nordicness
Tikkurila is a leading Nordic paint company with expertise that spans decades. We develop premium products and services that provide our customers with quality that will stand the test of time and weather. We operate in around ten countries and our 2,700 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2018, our revenue totaled EUR 562 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862.