TR-1: Standard form for notification of major holdings
NOTIFICATION OF
MAJOR HOLDINGS
(to
be sent to the
relevant issuer
and
to the FCA in
Microsoft Word
format
if possible) i
1a. Identity of                  Faron Pharmaceuticals
the issuer or the                Ltd
underlying issuer
of existing
shares
to which voting
rights are
attached
ii:
1b. Please
indicate if the
issuer is
a non-UK issuer
(please mark with
an
"X" if
appropriate)
Non-UK issuer                                                X
2. Reason for the
notification
(please mark the
appropriate box
or
boxes with an
"X")
An acquisition or                                            X
disposal of
voting
rights
An acquisition or
disposal of
financial
instruments
An event changing
the breakdown of
voting rights
Other (please                                                X
specify) iii:
(Increase of
holding due to
issuance
of new shares)
3. Details of
person subject to
the
notification
obligation iv
Name                             Varma Mutual Pension
Insurance Company
City and country                 Helsinki, Finland
of registered
office (if
applicable)
4. Full name of
shareholder(s)
(if
different from
3.) v
Name
City and country
of registered
office (if
applicable)
5. Date on which                 27.01.2023
the threshold was
crossed or
reached vi:
6. Date on which                 27.01.2023
issuer notified
(DD/MM/YYYY):
7. Total
positions of
person(s)
subject to the
notification
obligation
% of voting  % of voting  Total of both  Total
rights       rights       in % (8.A +    number of
attached to  through      8.B)           voting
shares       financial                   rights
(total       instruments                 held in
of 8. A)     (total of                   issuer
8.B 1 + 8.B                 (8.A +
2)                          8.B) vii
Resulting         4.16%                     4.16%          2,641,503
situation on the
date on
which threshold
was crossed or
reached
Position of       3.16%                     3.16%
previous
notification
(if
applicable)
8. Notified
details of the
resulting
situation on
the date on
which the
threshold was
crossed or
reached viii
A: Voting
rights
attached to
shares
Class/type of  Number of                         % of
shares         voting                            voting
rights ix                         rights
ISIN code (if
possible)
Direct         Indirect                Direct    Indirect
(DTR5.1)       (DTR5.2.1)              (DTR5.1)  (DTR5.2.1)
FI4000153309   2,641,503                         4.16%
SUBTOTAL 8. A  2,641,503                         4.16%
B 1: Financial
Instruments
according to
DTR5.3.1R (1)
(a)
Type of        Expiration  Exercise/     Number of                             % of
financial      date x      Conversion    voting                                voting
instrument                 Period xi     rights                                rights
that may
be
acquired
if the
instrument
is
exercised/c
onverted.
SUBTOTAL
8. B 1
B 2: Financial
Instruments
with similar
economic
effect
according to
DTR5.3.1R (1)
(b)
Type of     Expiration     Exercise/   Physical              Number of voting  % of
financial   date x         Conversion  or cash               rights            voting
instrument                 Period xi                                           rights
Settlement
xii
SUBTOTAL
8.B.2
9. Information
in
relation to
the
person subject
to
the
notification
obligation
(please
mark the
applicable box
with
an "X")
Person subject                                                      X
to
the
notification
obligation is
not
controlled by
any
natural person
or
legal entity
and
does not
control
any other
undertaking(s)
holding
directly or
indirectly an
interest in
the
(underlying)
issuer
xiii
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 (please
add
additional
rows as
necessary) xiv
Name xv       % of voting rights if it equals or is  % of voting  Total of
higher than the notifiable threshold   rights       both if it
through      equals or
financial    is higher
instruments  than the
if it        notifiable
equals or    threshold
is higher
than the
notifiable
threshold
Varma Mutual  4.16%                                               4.16%
Pension
Insurance
Company
10. In case of
proxy voting,
please
identify:
Name of the
proxy
holder
The number and
% of
voting rights
held
The date until
which the
voting
rights will be
held
11. Additional
information
xvi
Faron share
issue
per 27.01.2023
+-------------------+-----------------+
|Place of completion|Helsinki, Finland|
+-------------------+-----------------+
|Date of completion |27.01.2023       |
+-------------------+-----------------+