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

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

Musti Group plc                         Stock Exchange
Release                                         11 January 2024 at 18.00

Musti Group plc (the “Company”) has on 11 January 2024 received a notification
in accordance with the Chapter 9, Section 5 of the Finnish Securities Markets
Act from Raphael Kain, according to which Samson Rock Capital LLP's (“Samson
Rock”) holding of the voting rights of the Company increased above the threshold
of 5 percent on 10 January 2024.

Samson Rock holds a total of 1,800,000 voting rights corresponding to an
ownership of 5.37 percent of the Company's voting rights.

Total positions of Samson Rock according to the notification:

                  % of     % of shares and     Total    Total
                  shares   voting rights       of       number of
                  and      through financial   both in  shares
                  voting   instruments (total  %        and voting
                  rights   of B)               (A + B)  rights of
                  (total                                issuer
                  of A)
Resulting         5.37     0.00                5.37       33,535,453
situation on the  (voting                      (voting
date on           rights                       rights
which threshold   only)                        only)
was crossed or
reached
Position of       N/A      N/A                 N/A        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 shares and voting rights
of shares     of
              shares
              and
              voting
              rights
ISIN code     Direct  Indirect        Direct     Indirect
(if           (SMA    (SMA 9:6 and    (SMA 9:5)  (SMA 9:6 and 9:7)
possible)     9:5)    9:7)
FI4000410758  N/A     1,800,000       N/A        5.37 (voting rights only)
                      (voting rights
                      only)
SUBTOTAL A    N/A     1,800,000       N/A        5.37 (voting rights only)
                      (voting rights
                      only)

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
Raphael
Kain
Samson Rock  5.37 (voting                                5.37 (voting
Capital LLP  rights only)                                rights only)

Additional information

Martin Svedholm

Director, Treasury and Investor Relations

tel. +358 50 579 0324, martin.svedholm@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 426 million in the financial year 2023. At the
end of the financial year 2023, the company had 1,643 employees, 1.5 million
loyal customers and 342 stores.