Tikkurila Oyj : Notification of the holding of Glazer Capital, LLC

Tikkurila Oyj
Major Shareholder Announcement
1 March 2021 at 2.05 p.m. (EET)

Tikkurila Oyj (business ID 0197067-4) has on February 26, 2021, received a notification pursuant to the Finnish Securities Markets Act, Chapter 9, Section 6a, from Glazer Capital, LLC concerning cash settled financial instruments. According to the notification, the holding of the funds and accounts managed by Glazer Capital, LLC through financial instruments has increased above 5 percent and is now 5.29 percent as a consequence of the trades executed on February 25, 2021.

Glazer Capital's indirect holding through financial instruments according to their notification:

Total positions of person(s) subject to the notification obligation:

	% of shares and voting rights (A)	% of shares and voting rights through financial instruments (B)	Total of both in % (A + B)	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	0%	5.29%	5.29%	44,108,252
Position of previous notification	-	-	-

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights
Subtotal A: -

B: Financial Instruments according to SMA 9:6a

Type of financial instrument	Expiration date	Exercise/ Conversion Period	Physical or cash settlement	Number of shares and voting rights	% of shares and voting rights
Equity total return swaps	February 11, 2022	Not applicable	Cash settled	1,529,041	3.47%
Equity total return swaps	Earliest: February 10, 2022; Latest February 8, 2024	Not applicable	Cash settled	805,029	1.83%
Subtotal B				2,334,070	5.29%

Full chain of controlled undertakings through which the voting rights and/or the financial instruments
are effectively held starting with the ultimate controlling natural person or legal entity:

Name	% of shares and voting rights through financial instruments (total)
Glazer Capital Management LP	0.01%
Glazer Enhanced Fund, LP	1.34%
Glazer Enhanced Off-shore Fund, Ltd	3.38%
A separate account managed by Glazer Capital, LLC	0.56%
Glazer Index Plus Fund, Ltd	0.00%

Tikkurila Oyj
Sanna Lehti
General Counsel

For additional information, please contact:

Sanna Lehti, General Counsel
[e-mail]