Puuilo Plc: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

PUUILO PLC, STOCK EXCHANGE RELEASE, 16 December 2025 at 9.45 p.m.

Puuilo Plc has received a notification on 15 December 2025 in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act. According to the notification, JPMorgan Chase & Co’s total indirect holdings in shares and votes of the Company have decreased below the threshold of 5% on 12 December and is now 4.99%.

6. Total positions of person(s) subject to the notification obligation:
	% of shares and voting rights (total of 7.A)	% of shares and voting rights through financial instruments (total of 7.B)	Total of both in % (7.A + 7.B)	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	3.95%	1.03%	4.99%	84,776,953
Position of previous notification (if applicable)	4.95%	0.27%	5.22%

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
Class/type of shares ISIN code (if possible)		Number of shares and voting rights				% of shares and voting rights
		Direct (SMA 9:5)		Indirect (SMA 9:6 and 9:7)		Direct (SMA 9:5)		Indirect (SMA 9:6 and 9:7)
FI4000507124				3,352,700				3.95%

SUBTOTAL A		3,352,700				3.95%

B: Financial Instruments according to SMA 9:6a
Type of financial instrument	Expiration date		Exercise/ Conversion Period		Physical or cash settlement		Number of shares and voting rights		% of shares and voting rights
Cash-settled Equity Swap	30/03/2026		30/03/2026		Cash		126,216		0.15
Cash-settled Equity Swap	05/05/2026		05/05/2026		Cash		16,825		0.02
Cash-settled Equity Swap	08/05/2026		08/05/2026		Cash		47,872		0.06
Cash-settled Equity Swap	19/08/2026		19/08/2026		Cash		5,915		0.01
Cash-settled Equity Swap	16/09/2026		16/09/2026		Cash		126,216		0.15
Cash-settled Equity Swap	24/09/2026		24/09/2026		Cash		132,739		0.16
Cash-settled Equity Swap	19/10/2026		19/10/2026		Cash		1,658		0.00
Cash-settled Equity Swap	3/11/2026		3/11/2026		Cash		1,016		0.00
Cash-settled Equity Swap	8/12/2026		8/12/2026		Cash		13,253		0.02
Cash-settled Equity Swap	21/12/2026		21/12/2026		Cash		126,216		0.15
Cash-settled Equity Swap	4/1/2027		4/1/2027		Cash		21		0.00
Cash-settled Equity Swap	13/1/2027		13/1/2027		Cash		9,541		0.01
Cash-settled Equity Swap	2/2/2027		2/2/2027		Cash		769		0.00
Cash-settled Equity Swap	15/6/2027		15/6/2027		Cash		1,386		0.00
Cash-settled Equity Swap	19/10/2027		19/10/2027		Cash		69,904		0.08
Cash-settled Equity Swap	12/12/2030		12/12/2030		Cash		197		0.00
Cash-settled Equity Swap	N/A		N/A		Cash		180,971		0.21
Cash-settled Equity Swap	30/03/2026		30/03/2026		Cash		126,216		0.15
					SUBTOTAL B		875,957		1.03%

8. Information in relation to the person subject to the notification obligation (please tick the applicable box): Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer. 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 and voting rights	% of shares and voting rights through financial instruments	Total of both
JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association
J.P. Morgan International Finance Limited
J.P. Morgan Capital Holdings Limited
J.P. Morgan Securities plc

JPMorgan Asset Management Holdings Inc.
JPMorgan Asset Management International Limited
JPMorgan Asset Management (UK) Limited

JPMorgan Asset Management Holdings Inc.
J.P. Morgan Investment Management Inc.

*9. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of* Click here to enter a date.	n/a

10. Additional information: Chain of controlled undertakings: JPMorgan Chase & Co. JPMorgan Chase Bank, National As-sociation (100%) J.P. Morgan International Finance Limited (100%) J.P. Morgan Capital Holdings Limited (100%) J.P. Morgan Securities plc (100%) JPMorgan Asset Management Holdings Inc. J.P. Morgan Investment Management Inc. (100%) JPMorgan Asset Management Holdings Inc. JPMorgan Asset Management International Limited (100%) JPMorgan Asset Management (UK) Limited (100%)

For further information, please contact:
Ville Ranta, CFO, mobile phone: +358 40 555 4995