0RD4 Evli Pankki Oyj

Evli Bank Plc: Conversion of Series A shares to Series B shares

EVLI BANK PLC STOCK EXCHANGE RELEASE FEBRUARY 2, 2022 AT 12.15 PM. (EET/EEST)

The Board of Directors of Evli Bank Plc has in its meeting on January 25, 2022 approved requests of shareholders to convert 14,800 Series A shares of Evli Bank Plc to Series B shares in accordance with Article 4 in the Articles of Association.

As a result of the conversion of shares, the company’s amount of Series A shares totals 14,493,148 and the amount of Series B shares totals 9,616,272. The conversion does not affect the total amount of shares which is 24,109,420. The number of votes of the company's shares is after the conversion 299,479,232.

The conversions of shares were registered in the Trade Register on February 2, 2022. The converted shares will be listed on the Nasdaq Helsinki together with the old shares on February 3, 2022.

EVLI BANK PLC

Juho MikolaCFO

For additional information, please contact:

Sari Paronen, Communications Specialist, Evli Bank Plc, tel. +358 40 7442697, sari.paronen@evli.com

Evli Bank Plc

Evli is a bank specialized in investments that helps institutions, corporations and private persons increase their wealth. The product and service offering includes mutual funds, asset management and capital markets services, alternative investment products, equity research, incentive plan design and administration as well as Corporate Finance services. The company also offers banking services that support clients' investment operations. Evli is ranked as the best* and most used** institutional asset manager in Finland. Evli also has Finland's best expertise in responsible investment.***

Evli has a total of EUR 17.5 billion in client assets under management (net 12/2021). Evli Group's equity capital totals EUR 118.1 million and its BIS capital adequacy ratio is 15.4 percent (December 31, 2021). The company has around 290 employees. Evli Bank Plc’s B shares are listed on Nasdaq Helsinki Ltd.

*Kantar Prospera External Asset Management Finland 2015, 2016, 2017, 2018, 2019, 2021, Kantar Prospera Private Banking 2019, 2020 Finland **Kantar Prospera External Asset Management Finland 2017, 2018, 2019, 2020, 2021 ***SFR Scandinavian Financial Research Institutional Investment Services Finland 2021

Distribution: Nasdaq Helsinki, main media, www.evli.com