Musti Group plc Stock Exchange Release 24 August 2020, at 9.00 a.m. Correction: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act Musti Group plc (the “Company”) has on 21 August 2020 received a correction from FMR LLC (”FMR LLC”) to notification originally received on 14 August from FMR LLC ( ”FMR LLC”) in accordance with the Chapter 9, Section 5 of the Finnish Securities Markets Act. In the corrected notification, the percentages of the voting rights have been amended. The correct percentages of the voting rights are presented in the tables in this release. FMR LLC and the controlled undertakings hold a total of 2,904,848 shares corresponding to an ownership of 8.66 percent of the Company’s shares. Total positions of FMR LCC and the controlled undertakings according to the notification: % of % of shares and Total Total number of shares shares voting rights of and voting rights of and through financial both issuer voting instruments (total in % rights of B) (A + (total B) of A) Resulting 8.66% 0% shares 8.66% 33,535,453 situation on the shares shares date on 0% voting rights which threshold 8.66% 8.66% was crossed or voting voting reached rights rights Position of N/A N/A N/A N/A previous notification (if applicable) Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Shares and voting rights Class/type Number of % of shares and voting rights of shares shares and voting rights ISIN code Direct Indirect Direct Indirect (SMA 9:5) (SMA 9:6 (SMA 9:5) (SMA 9:6 and 9:7) and 9:7) FI4000410758 N/A 2,904,848 N/A 8.66% Shares shares 8.66% Voting Rights 2,904,848 Voting Rights SUBTOTAL A 2,904,848 8.66% Shares Shares 8.66% Voting Rights 2,904,848 Voting Rights B: Financial instruments according to the Finnish Securities Market Act 9:6a Type of Expiration Exercise/ Physical or Number of shares % of shares financial date Conversion cash and voting rights and voting instrument period settlement rights N/A SUBTOTAL B Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held: Name % of shares % of shares and votingrights Total of and voting throughfinancial instruments both rights FIDELITYMANAGEMENT 6.05% Shares 0.00% Shares 6.05% &RESEARCH COMPANY LLC Shares 6.05% Voting 0.00% Voting Rights Rights 6.05% Voting Rights FIAM LLC 0.15% Shares 0.00% Shares 0.15% Shares 0.15% Voting 0.00% Voting Rights Rights 0.15% Voting Rights Fidelity 0.32% Shares 0.00% Shares 0.32% InstitutionalAsset Shares Management Trust Company 0.32% Voting 0.00% Voting Rights Rights 0.32% Voting Rights FMR InvestmentManagement 2.13% Shares 0.00% Shares 2.13% (UK)Limited Shares 2.13% Voting 0.00% Voting Rights Rights 2.13% Voting Rights Additional information Robert Berglund CFO, Musti Group plc, tel. +358 50 534 8657, robert.berglund@mustigroup.com Distribution: Nasdaq Helsinki Main media www.mustigroup.com Musti in brief Musti makes the life of pets and their owners easier, safer and more fun. We are the leading Nordic pet care company and we operate an omnichannel business model to cater for the needs of pets and their owners across Finland, Sweden and Norway. We offer a wide, curated assortment of pet products. We also provide pet care services such as grooming, training and veterinary services in selected locations. Musti Group’s net sales were EUR 247 million in the financial year 2019. At the end of the financial year 2019, the company had 1,100 employees, over one million loyal customers and 277 stores.