Pihlajalinna Plc           Stock Exchange Release             1 July 2024 at 8:00 a.m.

Pihlajalinna completed the repurchase of own shares

Pihlajalinna has completed the repurchase of own shares, which started on 27 March 2024 and ended on 28 June 2024. During that time, Pihlajalinna acquired a total of 109,181 own shares for an average price of EUR 8.5795 per share. The shares were acquired in public trading on Nasdaq Helsinki Ltd. at the market price prevailing at the time of purchase.

The repurchase of own shares was started on the basis of the authorisation given by the Annual General Meeting on 4 April 2023 and was continued on the basis of the authorisation given by the Annual General Meeting on 10 April 2024. The shares shall be used as part of the payment of fees of the Group's incentive programme and the annual remuneration of the members of the Board of Directors.

Following the repurchase, Pihlajalinna holds a total of 141,184 own shares, corresponding to 0.62 % of the total number of shares.

Pihlajalinna Plc

Further information:

Tuula Lehto, Chief Communications and Sustainability Officer, +358 40 588 5343 or tuula.lehto@pihlajalinna.fi

Distribution:

Nasdaq Helsinki
Major media
investors.pihlajalinna.fi