Notice to bondholders

Notice to the bondholders of ISIN: FI4000340286 Ukkoverkot Oy EUR 3,750,000 Senior Unsecured Fixed Rate Notes (the “Notes”)

This notice to the Bondholders and the Agent of the Notes is given in accordance with Clause 8.3 of the Terms and Conditions of the Notes (“Voluntary total redemption (call option)”).

All capitalised terms used herein and not otherwise defined in this notice shall have the meanings assigned thereto in the Terms and Conditions.

NOTICE OF VOLUNTARY TOTAL REDEMPTION (CALL OPTION)

In accordance with Clause 8.3 of the Terms and Conditions of the Notes, the Issuer gives the Bondholders and the Agent a notice according to which Ukkoverkot will redeem all of the outstanding Bonds in full at an amount per Bond equal to the Nominal Amount together with accrued but unpaid Interest (the “Voluntary Redemption”).

This notice is irrevocable but contains a certain condition precedent, of which all Bondholders and the Agent will receive further information in a written form on a separate notification letter. The redemption is estimated to take place on June 30, 2020.

For more information, a Bondholder may contact General Counsel Olli Kuusi, olli.kuusi@edzcom.com.

Espoo, 9 June 2020

Ukkoverkot Oy Board of Directors