NoHo Partners Plc revises the long-term financial targets of its Finnish business

NoHo Partners Plc, Stock Exchange Release, 1 April 2025 at 8:00 EET

NoHo Partners Plc revises the long-term financial targets of its Finnish
business

NoHo Partners Plc has today announced in a separate stock exchange release that
Better Burger Society, which operates in the growing European premium burger
market, will separate from the NoHo Partners group. As a result of the
separation, NoHo Partners' voting rights in the company will drop to 49.6 per
cent. As of 1 April 2025, Better Burger Society will no longer be NoHo Partners
group's subgroup, but will instead be consolidated into NoHo Partners group as
an associated company. The share of associated company's result based on holding
will be recognised in NoHo Partners Plc's financial income.

The company's long-term financial targets published on 22 May 2024 assumed with
regard to turnover in Finnish operations that the turnover of the Friends&Brgrs
chain belonging to Better Burger Society will grow and develop as expected. With
Better Burger Society separating from the NoHo Partners group, the amount of
Friends&Brgrs' turnover estimated by the company for 2027 will also be omitted
from the long-term turnover target for Finnish operations.

Following the arrangement, NoHo Partners revises the long-term financial targets
set for the strategy period 2025-2027 with regard to business operations in
Finland.

Long-term financial targets (revised on 1 April 2025)

In Finnish operations, the Group aims to achieve a turnover of approx. MEUR 350
and to maintain the current good level of EBIT margin. In international
business, the target is profitable growth and creating shareholder value. In the
long term, the company aims to decrease the ratio of net debt to operational
EBITDA, adjusted for IFRS 16 lease liability, to the level of approx. 2 and to
distribute annually increasing dividend.

Previous long-term financial targets (published on 22 May 2024)

In Finnish operations, the Group aims to achieve a turnover of approx. MEUR 400
and to maintain the current good level of EBIT margin. In international
business, the target is profitable growth and creating shareholder value. In the
long term, the company aims to decrease the ratio of net debt to operational
EBITDA, adjusted for IFRS 16 lease liability, to the level of approx. 2 and to
distribute annually increasing dividend.

Additional information:
Jarno Suominen, CEO, jarno.suominen@noho.fi (Management Assistant Niina
Kilpeläinen, tel. +358504138158)
Jarno Vilponen, CFO, tel. +358407219376
Sanna Sandvall, Head of Investor Relations and Communications, tel.
+358407600794

NoHo Partners Plc

NoHo Partners Plc is a Finnish group established in 1996, and it specialises in
restaurant services being the creative innovator of the Northern European
restaurant market. The company was listed in Nasdaq Helsinki in 2013, becoming
the first Finnish listed restaurant company, and it has continued to grow
strongly throughout its history.

The Group companies include some 300 restaurants in Finland, Denmark, Norway and
Switzerland. The well-known restaurant concepts include Elite, Savoy, Teatteri,
Sea Horse, Stefan's Steakhouse, Palace, Löyly, Strindberg, Campingen and Cock's
& Cows. Depending on the season, NoHo Partners employs approx. 2,800 people
converted into full-time employees, and in 2024, the company's turnover amounted
to approx. MEUR 430. NoHo Partners' vision is to be the leading restaurant
operator in Northern Europe. For more information, visit noho.fi.