Notification according to Chapter 9, Section 10 of the Finnish Securities Markets Act of change in holdings in Caverion Corporation shares: Crayfish BidCo Oy and Triton V LuxCo 87 SARL

Caverion Corporation has on 12 January 2023 received an announcement under Chapter 9, Section 5 of the Finnish Securities Markets Act, according to which the holding of Crayfish BidCo Oy ("Crayfish BidCo", a company ultimately owned by Triton V LuxCo 87 SARL based in Luxembourg) has exceeded the threshold of 5 per cent. According to the announcement, the holding exceeded the threshold on 12 January 2023.

According to the announcement, the direct holding of Crayfish BidCo Oy in Caverion has on 12 January 2023 increased to 13,647,263 shares, corresponding to 9.82 per cent of Caverion's shares and voting rights. The indirect holding of Triton V LuxCo 87 SARL in Caverion has increased to 13,647,263 shares, corresponding to 9.82 per cent of Caverion's shares and voting rights. Caverion has one share series, each share entitling to one vote. Caverion's registered total number of shares amounting to 138,920,092 has been used in the calculation of percentages for the announcement.

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

% shares and % of shares and voting rights % of
voting rights through financial instruments total
Resulting 9.82% 9.82%
situation on the
date on
which threshold
was crossed or
reached
Position of N/A N/A N/A
previous
notification
(if applicable)

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

A: Shares and voting rights:

Class/type Number of % of shares
of shares shares and voting
and voting rights
rights
Direct Indirect Direct Indirect
(SMA 9:5) (SMA 9:6 and 9:7) (SMA 9:5) (SMA 9:6 and
9:7)
FI4000062781 13,647,263 13,647,263 9.82% 9.82% (Triton
(CrayfishBidCo (Triton VLuxCo 87 (Crayfish VLuxCo 87
Oy) SARL) BidCoOy) SARL)
SUBTOTAL A 13,647,263 9.82%

B: Financial instruments according to SMA 9:6a:

Type of Expiration Exercise/ Physical Number of % of shares
financial date Conversion or shares and and voting
instrument Period cash voting rights
settlement rights
N/A N/A N/A N/A N/A N/A
SUBTOTAL B N/A N/A

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 Number of shares % of shares % of shares and voting rights Total
and voting rights and voting through financial instruments of
rights both
Triton V 0 0.00 0.00 0.00
LuxCo 87
SARL
Triton V 0 0.00 0.00 0.00
LuxCo 89
SARL
Crayfish 0 0.00 0.00 0.00
HoldCo Oy
Crayfish 13,647,263 9.82  0.00 9.82%
BidCo Oy

CAVERION CORPORATION

Distribution: Nasdaq Helsinki, principal media, www.caverion.com