Adapteo Plc: Notification of major holdings in accordance with Chapter 9, Section 10 of the Securities Markets Act

Adapteo Plc: Notification of major holdings in accordance with Chapter 9, Section 10 of the Securities Markets Act

Adapteo Plc Regulatory press release  19 August 2021 at 16:45 CEST

Adapteo Plc (the "Company") has received on 19 August 2021 the following
notification pursuant to Chapter 9, Section 5 of the Securities Markets Act (the
"SMA") from Palace Bidco Oy.

According to the notification, the holding of Palace Bidco Oy in the Company's
shares and votes has exceeded the threshold of ninety (90) per cent on 18 August
2021. According to the notification, the reason for the notification was an
acquisition of shares or voting rights.

Total position of Palace Bidco Oy in the Company according to the notification:

              % of    % of shares  Total of   Total number of shares
              shares  and voting   both in %  and voting rights of
              and     rights                  issuer
              voting  through
              rights  financial
                      instruments

Resulting 94.18% 0% 94.18% 49 124 722
situation on the
date on
which threshold
was crossed or
reached
Position of
previous
notification
(if applicable)

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

Shares and voting rights

          Number                     % of shares and voting rights
          of
          shares
          and
          voting
          rights

Class / type Direct Indirect Direct Indirect
of shares (SMA (SMA 9:6 and 9:7) (SMA 9:5) (SMA 9:6 and 9:7)
9:5)
FI4000383898 46 236 94.18%
244
SUBTOTAL A 46 236 94.18%
244

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity:

Name % of shares % of shares and voting rights Total of both
and voting through financial instruments
rights
Palace Bidco 100% 100%
Oy is
controlled
by The
Goldman
Sachs Group,
Inc. as
described
below in
"Additional
information"

Additional information:

Palace Bidco Oy is controlled by The Goldman Sachs Group, Inc. through its
indirectly wholly owned subsidiaries West Street Infrastructure Advisors IV,
L.L.C. as general partner of the constituent funds of West Street
Infrastructure Partners IV, and Goldman Sachs & Co. LLC as manager of the
other entities holding an indirect interest in Palace Bidco Oy.The full chain
of controlled undertakings between The Goldman Sachs Group, Inc. and Palace
Bidco Oy is as follows:The Goldman Sachs Group, Inc.
West Street Infrastructure Advisors IV, L.L.C.
West Street Global Infrastructure Partners IV, L.P.
West Street Global Infrastructure Partners IV, S.à r.l.
WSIP IV Aggregator S.à r.l.
Goldman Sachs & Co. LLC
Palace Co-Invest, SLP
West Street Private Markets 2021, LP
WSIP IV Palace Holdco 1 S.à r.l.
Palace Topco S.à r.l.
Palace Holdco S.à r.l.
Palace Bidco Oy

For additional information, please contact

Jesse Räisänen, Vice President Treasury & Investor Relations, +358 45 175 5688,
[email protected]

Adapteo in brief

Adapteo is a leading flexible real estate provider in Northern Europe. We build,
rent out and sell adaptable buildings for schools, daycare centres, care,
offices, accommodation and events. We know that our society will go through an
immense change in the years to come. Whatever the future brings, we believe that
adaptability is the best solution. With our buildings, we can transform,
repurpose, scale up and scale down in a matter of weeks by using a modular and
circular building concept. Our buildings can be used for a few days or
indefinitely, always optimised for current needs. That is how we build adaptable
societies.

Adapteo is listed on Nasdaq Stockholm and operates in Sweden, Finland, Norway,
Denmark, Germany, and The Netherlands. In 2020, Adapteo’s Net sales were EUR 231
million.

www.adapteogroup.com

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