Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

Musti Group plc                         Stock Exchange Release                                         7 March 2024 at 9.00 a.m.

Musti Group plc (the "Company") has on 6 March 2024 received a notification in accordance with the Chapter 9, Section 5 of the Finnish Securities Markets Act from The Goldman Sachs Group, Inc. ("GS"), according to which its holding of the shares and votes of the Company decreased below the threshold of 5 percent on 5 March 2024.

GS holds a total of 593 649 shares and votes corresponding to an ownership of 1.77 percent of the Company's shares and votes.

Total positions of GS according to the notification:

% of % of shares and Total Total number of shares
shares voting rights of and voting rights of
and through financial both issuer
voting instruments (total in %
rights of B) (A +
(total B)
of A)
Resulting 1.27 0.5 1.77   33,535,453
situation on the
date on
which threshold
was crossed or
reached
Position of 5.31 0.002 5.31   33,535,453
previous
notification
(if applicable)

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

A: Shares and voting rights

Class/type Number % of shares and voting rights
of shares of
shares
and
voting
rights
ISIN code Direct Indirect Direct Indirect
(if (SMA (SMA 9:6 and 9:7) (SMA 9:5) (SMA 9:6 and 9:7)
possible) 9:5)
FI4000410758 N/A 424,579 N/A 1.27
SUBTOTAL A N/A 424,579 N/A 1.27

B: Financial instruments according to the Finnish Securities Market Act 9:6a

Type of Expiration Exercise/ Physical or Number of shares % of shares
financial date Conversion cash and voting rights and voting
instrument period settlement rights
Swap 05/03/2027 Cash 87,670 0.26
Swap 05/03/2027 Cash 81,152 0.24
Swap 02/08/2032 Cash 248 0.001
SUBTOTAL B 169,070 0.5%

Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held:

Name % of shares % of shares and voting rights Total
and voting through financial instruments of
rights both
The Goldman Sachs
Group, Inc.
Goldman Sachs
(UK) L.L.C.
Goldman Sachs
Group UK Limited
Goldman Sachs
International
The Goldman Sachs
Group, Inc.
The Goldman Sachs
Group, Inc.
GSAM Holdings LLC
Goldman Sachs
Asset Management
L.P.

Additional information

Martin Svedholm

Director, Treasury and Investor Relations

tel. +358 50 579 0324, martin.svedholm@mustigroup.com

Musti in brief

Musti makes the life of pets and their owners easier, safer and more fun. We are the leading Nordic pet care company, and we operate an omnichannel business model to cater for the needs of pets and their owners across Finland, Sweden and Norway. We offer a wide, curated assortment of pet products. We also provide pet care services such as grooming, training and veterinary services in selected locations.

Musti Group's net sales were EUR 426 million in the financial year 2023. At the end of the financial year 2023, the company had 1,643 employees, 1.5 million loyal customers and 342 stores.