Lamor's ten largest shareholders after the completion of the initial public offering

Lamor Corporation Plc             Company release                     13 December 2021 at 3:30 p.m. EET

Lamor's ten largest shareholders after the completion of the initial public offering

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SINGAPORE, OR ANY OTHER JURISDICTION IN WHICH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

The ten largest registered shareholders of Lamor Corporation Plc ("Lamor" or the "Company") and their holdings after the completion of the initial public offering are presented in the table below based on the shareholder register maintained by Euroclear Finland Oy unless otherwise indicated.

Holdings are presented as of 10 December 2021 and do not include shareholders whose holdings are nominee-registered.

Shareholder

Number of shares

Per cent of shares(1)

Per cent of votes(1)

Larsen Family Corporation Oy

8,705,094(2)

31.7

32.3

Ilmarinen Mutual Pension Insurance Company

1,938,850

7.0

7.2

Finnish Industry Investment Ltd

1,938,800

7.0

7.2

Mandatum Life Insurance Company Limited

1,648,341

6.0

6.1

Nico Larsen

1,539,450

5.6

5.7

Fred Larsen

1,098,350

4.0

4.1

Veritas Pension Insurance Company Ltd.

724,637

2.6

2.7

Capital Dynamics Oy

621,500

2.3

2.3

Varma Mutual Pension Insurance Company

480,000

1.7

1.8

Ahlstrom Invest B.V.

474,626

1.7

1.8

Ten largest registered shareholders, in total

19,169,648

69.7

71.1

Other shareholders(3)

7,790,326

28.3

28.9

of which nominee-registered shares

1,695,766

6.2

6.3

Outstanding shares, in total

26,959,974

98.0

100.00

Lamor(4)

542,450

2.0

In total

27,502,424

100.00

(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. Percentages are rounded numbers.

(2) Larsen Family Corporation Oy and Danske Bank A/S, Finland Branch ("Danske") have entered into a share lending agreement in connection with the initial public offering of the Company on 8 December 2021, according to which Larsen Family Corporation Oy has lent 1,092,206 existing shares in the Company to Danske acting as stabilising manager. Larsen Family Corporation Oy's holdings presented in the table do not include shares lent to Danske.

(3) The figure does not include treasury shares held by Lamor.

(4) The treasury shares held by Lamor do not carry voting rights at the Company's general meeting.

Further enquiries

Mika Pirneskoski, CEO, Lamor Corporation Plc, tel. +358 40 757 2151
Timo Koponen, CFO, Lamor Corporation Plc, tel. +358 40 749 2986

Certified adviser

Danske Bank A/S, Finland Branch, tel: +358 50 590 7667

Information about Lamor

Lamor is one of the leading global providers of environmental solutions. Lamor provides its customers with equipment used for oil recovery, waste management and water treatment as well as versatile environmental solutions and services, such as clean-up and preparedness services related to oil spill response and oil spills, services for the treatment of waste and tailored and adapted water treatment solutions. Lamor operates together with its local partners, offering a wide selection of solutions, which can be tailored according to the needs of each customer, and aiming to clean the world, for which the company has worked since its incorporation. Further information: www.lamor.com

IMPORTANT INFORMATION

Neither this release nor the information contained herein is for publication, distribution or release, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Singapore or any other jurisdiction in which publication or distribution would be unlawful. The information contained herein does not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States. Lamor Corporation Plc (the "Company") does not intend to register any portion of the offering in the United States under the U.S. Securities Act of 1933, as amended, or to offer securities to the public in the United States.

The issue, exercise and/or sale of securities are subject to specific legal or regulatory restrictions in certain jurisdictions. The Company or Danske Bank A/S, Finland Branch assume no responsibility in the event there is a violation by any person of such restrictions.

The information contained herein shall not constitute an offer to sell or a solicitation of an offer to purchase or subscribe, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the applicable prospectus published or offering circular distributed by the Company.

The Company has not authorized any offer to the public of securities in the United Kingdom or in any Member State of the European Economic Area other than Finland. With respect to the United Kingdom and each Member State of the European Economic Area other than Finland and which applies the Prospectus Regulation (each, a "Relevant Member State"), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any Relevant Member State. As a result, the securities may only be offered in Relevant Member States (a) to any legal entity, which fulfils the requirements of a qualified investor as defined in the Prospectus Regulation; or (b) in any other circumstances falling within Article 1(4) of the Prospectus Regulation. For the purposes of this paragraph, the expression an "offer of securities to the public" means a communication to persons in any form and by any means, presenting sufficient information on the terms of the offer and the securities to be offered, so as to enable an investor to decide to purchase or subscribe for those securities. The expression "Prospectus Regulation" means Regulation (EU) 2017/1129 of the European Parliament and of the Council, as amended.

This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

FORWARD-LOOKING STATEMENTS

Certain statements in this release are "forward-looking statements". Forward-looking statements include statements concerning plans, assumptions, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, the Company's competitive strengths and weaknesses, plans or goals relating to financial position, future operations and development, its business strategy and the anticipated trends in the industry and the political and legal environment in which it operates and other information that is not historical information. In some instances, they can be identified by the use of forward-looking terminology, including the terms "believes," "intends," "may," "will" or "should" or, in each case, their negative or variations on comparable terminology.

Forward-looking statements in this release are based on assumptions. Forward-looking statements involve inherent risks, uncertainties and assumptions, both general and specific, and the risk exists that the predictions, forecasts, projections, plans and other forward-looking statements will not be achieved. Given these risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements. Any forward-looking statements contained herein speak only as at the date of this release. Save as required by law, the Company does not intend to, and does not assume any obligation to, update or correct any forward-looking statement contained in this release.

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