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Enedo Plc

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The Finnish Financial Supervisory Authority has approved the Finnish-language prospectus related to Enedo’s rights issue and directed issue

ENEDO PLC Stock Exchange Release 11 March 2021 at 20:00

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA, SINGAPORE, JAPAN, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

The Finnish Financial Supervisory Authority has approved the Finnish-language prospectus related to Enedo’s rights issue and directed issue

Enedo Plc (the "Company") announced earlier today the Board of Directors’ decision to offer a maximum of 25,090,458 new shares in the Company (the "Offer Shares") in accordance with the shareholders’ pre-emptive subscription right (the "Rights Issue") and a maximum of 35,000,000 new shares in the Company (the "Directed Shares") in a directed issue (the "Directed Issue") (the Rights Issue and the Directed Issue jointly the "Issues").

The Finnish Financial Supervisory Authority has today approved the Finnish-language prospectus related to the Issues. The Finnish-language prospectus is available on the Company’s website at https://enedopower.com/investors/issues and at the Company’s registered office at Martinkyläntie 43, 01720 Vantaa. The Finnish-language prospectus is also available on the lead manager’s website at www.unitedbankers.fi/fi/annit/enedo.

The subscription period of the Offer Shares and the Directed Shares will commence on 18 March at 10.00 am and end on 1 April 2021 at 4.30 p.m. Finnish time. The subscription rights are freely transferable, and they are estimated to be subject to trading on the official list of Nasdaq Helsinki Ltd between 18 March 2021 and 26 March 2021.

UB Securities Ltd acts as the lead manager for the Issues and Castrén & Snellman Attorneys Ltd acts as the legal adviser to the Company.

ENEDO PLC

Vesa Leino
President and CEO

For further information, please contact Mr. Vesa Leino, CEO, tel. +358 40 759 8956.

DISTRIBUTION
Nasdaq Helsinki Ltd
Principal media

ENEDO IN BRIEF

Enedo is a European designer and producer of high-quality electronic power supplies and systems for critical equipment even in the most demanding environments. Enedo’s mission is to make electricity better – more reliable, more secure, more energy efficient – and just right to fit its purpose. Enedo’s three main product categories are Led Drivers, Power Supplies and Power Systems. In 2020 the group’s revenue was EUR 38,5 million. Enedo has 354 employees and its main functions are located in Finland, Italy, Tunisia and USA. The group’s head office is in Finland and parent company Enedo Plc is listed on Nasdaq Helsinki Oy. www.enedopower.com

IMPORTANT INFORMATION

This release is not an offer for sale of securities in the United States. Securities may not be sold in the Unit-ed States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register any part of the issues in the United States or to conduct a public offering of securities in the United States.

The distribution of this release may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such re-strictions. The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong, South Africa, Singapore, Japan or New Zealand. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This release is not directed to, and is not intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction.

In any EEA Member State, other than Finland, this release is only addressed to and is only directed at qualified investors in that Member State within the meaning of Regulation (EU) 2017/1129 (the "Prospectus Regulation").

This release is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies and other per-sons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any securities mentioned herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this release or any of its contents.

This release does not constitute a prospectus as defined in the Prospectus Regulation and as such, does not constitute or form part of and should not be construed as, an offer to sell, or the solicitation or invitation of any offer to buy, acquire or subscribe for, any securities or an inducement to enter into investment activity.

No part of this release, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. The information contained in this release has not been independently verified. No representation, warranty or undertaking, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. The Company or any of its respective affiliates, advisors or representatives or any other person, shall have no liability whatsoever (in negligence or otherwise) for any loss however arising from any use of this release or its contents or otherwise arising in connection with this release. Each person must rely on their own examination and analysis of the Company, its subsidiaries, its securities and the transactions, including the merits and risks involved.

The Lead Manager is acting exclusively for the Company and no one else in connection with the share issues. It will not regard any other person as its respective client in relation to the share issues. The Lead Manager will not be responsible to anyone other than the Company for providing the protections afforded to its respective clients nor for giving advice in relation to the share issues or any transactions or arrangements referred to herein.

This release includes "forward-looking statements". These statements may not be based on historical facts but are statements about future expectations. When used in this release, the words "aims," "anticipates," "assumes," "believes," "could," "estimates," "expects," "intends," "may," "plans," "should," "will," "would" and similar expressions as they relate to the Company and the transactions identify certain of these for-ward-looking statements. Other forward-looking statements can be identified in the context in which the statements are made. These forward-looking statements are based on present plans, estimates, projections and expectations and are not guarantees of future performance. They are based on certain expectations, which, even though they seem to be reasonable at present, may turn out to be incorrect. Such forward-looking statements are based on assumptions and are subject to various risks and uncertainties. Readers should not rely on these forward-looking statements. Numerous factors may cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied in the forward-looking statements. The Company or any of its affiliates, advisors or representatives or any other person undertakes no obligation to review or confirm or to release publicly any revisions to any for-ward-looking statements to reflect events that occur or circumstances that arise after the date of this release.


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