NOT FOR PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, SOUTH AFRICA, HONG KONG, JAPAN, CANADA OR SINGAPORE, NEW ZEALAND, THE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.

The Extraordinary General Meeting ("EGM") of Fellow Finance Plc ("Fellow Finance") was held today, on Wednesday 22 December 2021 at 1:00 p.m. EET in Helsinki, Finland. In order to prevent the spread of the Covid-19 pandemic, the EGM was arranged without the physical presence of shareholders or their proxy representatives.

Resolution on the merger

The EGM approved the merger of Fellow Finance into Evli Bank Plc ("Evli") (the "Merger") in accordance with the merger plan signed on 30 September 2021 (the "Merger Plan") and approved the Merger Plan.

Pursuant to the Merger Plan, Fellow Finance shall merge into Evli through an absorption merger so that all assets and liabilities of Fellow Finance shall be transferred without a liquidation procedure to Evli in the manner described in the Merger Plan.

40 shareholders, representing 4,642,947 shares and votes in total, participated in the advance voting. The Board of Directors' proposal concerning the Merger was supported by a total of 4,637,197 votes, which corresponded to approximately 99.88 percent of the total number of shares and votes represented at the EGM. None of the shareholders demanded the redemption of their shares.

The completion of the Merger is subject to the conditions to completion set out in the Merger Plan having been fulfilled. The planned completion date of the Merger is 2 April 2022, however, the date is subject to change and the actual completion date may be earlier or later than 2 April 2022.

Minutes of the EGM

The minutes of the EGM will be available on Fellow Finance's website (https://www.fellowfinance.com/egm2021) as of 5 January 2022 at the latest.

FELLOW FINANCE PLC

Further enquiries

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

Certified advisor: Evli Bank Plc, tel. +358 40 579 6210

Fellow Finance Plc is a loan-based crowdfunding and peer-to-peer lending platform. The company's mission is to transform the traditional financing and payments to direct transactions between people and businesses. Fellow Finance has intermediated consumer and business financing of more than 850 million euros in Finland, Sweden, Denmark, Germany, Poland and Czech Republic and served more than 1 000 000 customers. The company is regulated by the Financial Supervisory Authority of Finland as an Authorized Payment Institution and listed on the Nasdaq First North Growth Market Finland. http://www.fellowfinance.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 Plc's or Fellow Bank's shares have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act"), 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 not constitute an offer to sell or a solicitation of an offer to buy any securities by Evli or Fellow Finance.

This release does not constitute a notice to convene a general meeting of shareholders nor does it constitute a demerger or merger prospectus. Any decision with respect to the proposed partial demerger of Evli or the absorption merger of Fellow Finance into Evli (the "Arrangement") should be made solely on the basis of information to be contained in the actual notices to convene the meetings of shareholders of Evli and Fellow Finance, as applicable, and the demerger and merger prospectuses as well as on an independent assessment of the information contained therein. Investors are directed to consult the prospectuses regarding the demerger and the merger for more comprehensive information on Evli Plc, Fellow Bank, their respective shares and the Arrangement.

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. Numerous factors may cause the actual results of operations or financial condition of the Evli Plc or Fellow Bank to differ materially from those expressed or implied in the forward-looking statements. Neither Evli nor Fellow Finance, 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.

This release includes estimates relating to the benefits expected to arise from the Arrangement, which have been prepared by Evli and Fellow Finance and are based on a number of assumptions and judgments. The assumptions relating to the estimated benefits and costs arising from the Arrangement are inherently uncertain and are subject to a wide variety of significant business, economic, regulatory and competitive risks and uncertainties that could cause the actual benefits and costs arising from the Arrangement to differ materially from the estimates in this release. Further, there can be no certainty that the Arrangement will be completed in the manner and timeframe described in this release, or at all.