FELLOW BANK PLC STOCK EXCHANGE RELEASE 2.4.2022 AT 4:00 PM EET

NOT FOR PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, SOUTH AFRICA, HONG KONG, JAPAN, CANADA OR SINGAPORE, NEW ZEALAND, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD VIOLATE APPLICABLE LAWS OR RULES OR WOULD REQUIRE ADDITIONAL DOCUMENTS TO BE COMPLETED OR REGISTERED OR REQUIRE ANY MEASURE TO BE UNDERTAKEN IN ADDITION TO THE REQUIREMENTS UNDER FINNISH LAW. SEE "IMPORTANT NOTICE" BELOW.

Fellow Finance Plc ("Fellow Finance") and Evli Bank Plc ("Evli Bank") announced on 14 July 2021 that they had agreed in a combination agreement of an arrangement (the "Arrangement") whereby Evli Bank demerges through a partial demerger into a new, listed asset management group Evli Plc ("Evli") (the "Demerger") and a company carrying on Evli Bank's banking services and into which Fellow Finance merges (the "Merger"). 

The Demerger and the Merger have been registered with the trade register maintained by the Finnish Patent and Registration Office on the effective date of 2 April 2022. Upon the completion of the Merger, Evli Bank was renamed Fellow Bank Plc ("Fellow Bank").

The new shares issued as merger consideration, the new shares of Fellow Bank issued to combine the share classes as well as the new shares of Fellow Bank issued in the directed share issue in connection with the Arrangement have been registered with the trade register maintained by the Finnish Patent and Registration Office as of 2 April 2022, and trading in such shares is expected to commence on the official list of Nasdaq Helsinki on 4 April 2022. Fellow Bank's shares will be subject to trading on Nasdaq Helsinki under the trading code FELLOW (ISIN code: FI4000170915).

The total number of shares in Fellow Bank is 87,157,094 shares, of which 86,905,111 are outstanding, and the outstanding shares confer 86,905,111 votes.

FELLOW BANK PLC

Board of directors

Further information:

Teemu Nyholm: CEO, Fellow Bank Plc, teemu.nyholm@fellowpankki.fi, tel. +358 50 577 1028

Fellow Bank in brief

Fellow Bank Plc is a new Finnish bank that helps both personal and business customers to manage their day-to-day finances in a flexible and straightforward manner. For savers, we offer an attractive interest rate on deposits. Fellow Bank Plc is regulated by the Financial Supervisory Authority of Finland and listed on Nasdaq Helsinki's main list (FELLOW). www.fellowbank.com.

Important Notice

This release is not an offer of shares in the United States and it is not intended for distribution in or into the United States or in any other jurisdiction in which such distribution would be prohibited by applicable law. Evli's or Fellow Bank's shares have not been and will not be been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state of the United States, and may not be offered, sold or delivered within or into the United States, except pursuant to an applicable exemption of, or in a transaction not subject to, the Securities Act.

This release does neither constitute an offer to sell nor a solicitation of an offer to buy any securities by Evli or Fellow Bank in the United States or any other jurisdiction in which such offering, solicitation or sale would be unlawful. This release must not be forwarded, distributed or sent, directly or indirectly, in whole or in part, in or into the United States or any jurisdiction where the distribution of this release would breach any applicable law or regulation or would require any registration or licensing within such jurisdiction. Failure to comply with the foregoing limitation may result in a violation of the U.S. Securities Act or other applicable securities laws or regulations. 

This release includes "forward-looking statements" that are based on present plans, estimates, projections and expectations and are not guarantees of future performance. They are based on certain expectations and assumptions, which, even though they seem to be reasonable at present, may turn out to be incorrect. Shareholders should not rely on these forward-looking statements. Neither Evli Bank nor Fellow Bank, nor any of their respective affiliates, advisors or representatives or any other person undertakes any obligation to review or confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this release.

https://news.cision.com/fellow-pankki-oyj/r/fellow-bank--merger-of-fellow-finance-and-evli-bank-has-been-registered,c3538509

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