Musti Group Plc: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

Stock Exchange Release 13 August 2020, at 9:15 a.m.

Musti Group Plc (the "Company") has today received a notification in accordance
with the Chapter 9, Section 10 of the Finnish Securities Market Act from EQT Mid
Market GP B.V. ("EQT"), according to which Millan Holding S.à.r.l., a company
ultimately owned by EQT and its co-investors, has sold a total number of
6,201,607 Company's shares in an accelerated book-building process (the "Share
Sale"). In connection with the Share Sale, EQT's indirect holding of the shares
and votes of the Company has decreased below 10 percent. As a result of the
Share Sale, EQT's indirect holding in the Company totals to 1,878,862 shares and
votes (amounting to 5.60 percent of all the shares and votes in the Company).

In addition, the Company has received a press release regarding the Share Sale
published by EQT on 13 August 2020. According to the press release, Vaaka
Partners has sold its entire holding in the Company in connection with the Share
Sale. The press release has been attached to this stock exchange release.

Total positions of EQT according to 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         5.60    N/A                 5.60   33,535,453
situation on the  %                           %
date on
which threshold
was crossed or
reached
Position of       24.10   N/A                 24.10  33,535,453
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
(if           (SMA 9:5)  (SMA 9:6   (SMA 9:5)  (SMA 9:6 and 9:7)
possible)                and 9:7)
FI4000410758  N/A        1,878,862  N/A        5.60 %
SUBTOTAL A    1,878,862             5.60 %

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
orlegal
entity):
Name         % of shares and voting    % of shares  Total of both
             rights                    and voting
                                       rights
                                       through
                                       financial
                                       instruments
EQT Mid      0                         0            0
Market
Limited
Partnership
Millan       5.60 %                    0            5.60 %
Holding
S.à.r.l.

Additional information

Robert Berglund, CFO, Musti Group Plc, tel. +358 50 534 8657,
robert.berglund@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.



                 

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