EXCHANGE NOTICE, DECEMBER 22, 2020 SHARES (Record Id 158677) VALOE OYJ: DIRECTED ISSUE A total of 18,500,000 shares will be traded as old shares as of December 23, 2020. Identifiers of Valoe Oyj's share: Trading code: VALOE ISIN code: FI0009006951 Orderbook id: 24329 Number of shares: 255,359,195 Nasdaq Helsinki Oy, Surveillance, survo@nasdaq.com, +358 9 6166 7260