Preato Capital AB - Public tender offer Preliminary result of Preato Capital AB's mandatory public tender offer for all shares in Yleislektroniikka Oyj Preato Capital AB Stock Exchange Release 16 August 2019 at 11.00 am NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. Preato Capital AB (the "Offeror") commenced on 24 July 2019 a mandatory public tender offer for all the issued and outstanding shares in Yleiselektroniikka Oyj ("Yleiselektroniikka or the "Company"), which are not held by the Company or any of its subsidiaries (the "Takeover Bid"). The acceptance period for the Tender Offer commenced on 24 July 2019 at 9:30 (Finnish time) and expired on 15 August 2019 at 16:00 (Finnish time) ("Offer Period"). According to the preliminary result of the Tender Offer, the shares tendered in the Tender Offer represent approximately 16.97 percent of all the issued and outstanding shares and voting rights in the Company. The shares tendered in the Tender Offer together with the total of 2,006,839 Yleiselektroniikka shares acquired in public tracing on Nasdaq Helsinki Ltd and otherwise by the Offeror, represent approximately 78.60 percent of all the issued and outstanding shares and voting rights in the Company. The Offeror will confirm and announce the final result of the Tender Offer on or about 19 August 2019. The settlement of the completion trades will take place on or about 21 August 2019. In Helsinki, 16 August 2019 Preato Capital AB Additional information: Simon Hallqvist, Chairman of the Board, Preato Capital AB Tel. +358 40 510 2760 Preato Capital in brief Preato Capital is a privately owned investment company that commenced its operations in 2004. Preato Capital invests in majorities in established and profitable small and medium-sized companies in the Nordic region with a proven business model and good cash flow. Preato Capital does not have a pre-determined holding period for its investments and it does not actively seek exits but develops the target companies actively in the long-term in close cooperation with their management. Preato Capital has offices in both Helsinki and Stockholm. Yleiselektroniikka in brief Yleiselektroniikka is a Finnish electronics company established in 1969. The Company is one of Finland's most significant component and production equipment suppliers for demanding electronics and communications applications. Yleiselektroniikka employs over 200 people, of whom approximately 50 in Finland. In addition to Finland, the Company has operations in the Baltic countries and Russia. In 2018, the Company generated a turnover of 57.2 million euros. The Company is headquartered in Espoo, where it also has a store and a product warehouse. Yleiselektroniikka has been listed on the Helsinki Stock Exchange since 1988. THIS STOCK EXCHANGE RELEASE IS NOT A TENDER OFFER DOCUMENT AND AS SUCH DOES NOT CONSTITUTE AN OFFER OR INVITATION TO MAKE A SALES OFFER. IN PARTICULAR, THIS STOCK EXCHANGE RELEASE IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES DESCRIBED HEREIN, AND IS NOT AN EXTENSION OF THE TENDER OFFER, IN THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA. INVESTORS SHALL ACCEPT THE TENDER OFFER FOR THE SHARES ONLY ON THE BASIS OF THE INFORMATION PROVIDED IN A TENDER OFFER DOCUMENT. OFFERS WILL NOT BE MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE EITHER A TENDER OFFER OR ACCEPTANCE THEREOF IS PROHIBITED BY APPLICABLE LAW OR WHERE ANY TENDER OFFER DOCUMENT OR REGISTRATION OR OTHER REQUIREMENTS WOULD APPLY IN ADDITION TO THOSE UNDERTAKEN IN FINLAND. THE TENDER OFFER IS NOT BEING MADE, AND THE SHARES WILL NOT BE ACCEPTED FOR PURCHASE FROM OR ON BEHALF OF PERSONS, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE THE MAKING OR ACCEPTANCE OF SUCH TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAWS OR REGULATIONS. WHEN PUBLISHED, THE TENDER OFFER DOCUMENT AND RELATED ACCEPTANCE FORMS WILL NOT AND MAY NOT BE DISTRIBUTED, FORWARDED OR TRANSMITTED INTO OR FROM ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAWS OR REGULATIONS. IN PARTICULAR, THE TENDER OFFER IS NOT BEING MADE, DIRECTLY OR INDIRECTLY, IN OR INTO, (INCLUDING BY USE OF, OR BY ANY MEANS OR INSTRUMENTALITY, INCLUDING WITHOUT LIMITATION E-MAIL, POST, FACSIMILE TRANSMISSION, TELEPHONE OR INTERNET, OF INTERSTATE OR FOREIGN COMMERCE, OR ANY FACILITIES OF A NATIONAL SECURITIES EXCHANGE) THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA. ANY PURPORTED ACCEPTANCE OF THE TENDER OFFER RESULTING DIRECTLY OR INDIRECTLY FROM A VIOLATION OF THESE RESTRICTIONS WILL BE INVALID. Disclaimer Taaleri Kapitaali Oy ("Taaleri") is acting as financial adviser to the Offeror in connection with the Tender Offer. It will not regard any other person as its client in relation to the Tender Offer and will not be responsible to anyone other than the Offeror for providing the protection afforded to clients of Taaleri nor for providing advice in relation to the Tender Offer.
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