Flaggings October 29, 2020 11:15 AM EET

Notification according to chapter 9, section 5 and 6 of the Securities Market Act: Skandinaviska Enskilda Banken AB’s holding in Neles

Neles Corporation, Stock exchange release on October 29, 2020 at 11:15 a.m. EET

Neles Corporation has received a following notification:

On October 27, 2020, Skandinaviska Enskilda Banken AB's total holding in Neles shares and in financial instruments entitling to shares exceeded the 5 percent threshold and amounted to 14,197,860 shares, or 9.44 percent of Neles’ shares and votes. Neles’ total number of shares and voting rights is 150,348,256.

Skandinaviska Enskilda Banken AB’s holdings according to the notification:

6. Total positions of person(s) subject to the notification obligation:

% of shares and voting rights (A) % of shares and voting rights through financial instruments (B) Total of both in %
(A + B)
Resulting situation on the date on which the threshold was reached 8.53% 0.91% 9.44%
Position of previous notification - - -

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

A: Shares and voting rights

Number of shares and voting rights % of shares and voting rights
ISIN Code Direct
(SMA 9:5)
Indirect
(SMA 9:6 and 7)
Direct
(SMA 9:5)
Indirect
(SMA 9:6 and 7)
FI4000440664 12 814 112 18 961 8.52% 0.01%

B: Financial Instruments according to SMA 9:6a

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 to recall Physical 26 000 0.02%
Call option Cash 2 787 0.00%
Equity swap 2021-11-29 Any day before expiration Cash 1 336 000 0.89%

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
Skandinaviska Enskilda Banken AB 9.41% 0.02% 9.43%
SEB Life International Assurance Company Ltd 0.01% 0.00% 0.01%

Neles Corporation

Distribution:
Nasdaq Helsinki
Media
www.neles.com

Neles is one of the leading providers of mission-critical flow control solutions and services for process industries. With our global team of experts and innovative solutions, we help our customers to improve their process performance and ensure safe flow of materials. Neles is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 660 million in 2019. Neles employs about 2,900 people in around 40 countries. Neles was created in the partial demerger of Metso Corporation, and trading in Neles stock started on July 1, 2020.

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