Market sounding at Ilmarinen

Phase 1

As a rule, permission for a sounding must be sought from Ilmarinen by email. When requesting a permission for sounding, the only information pertaining to the transaction that the sounder may disclose is that it involves a Finnish company, i.e. a company listed on Nasdaq Helsinki. Ilmarinen also requires that the duration of insiderness caused by the sounding is estimated and stated at this stage. Soundings shall be made at the address marketsounding.shares@ilmarinen.fi. If permission is refused, the matter will be considered closed. The sounder is informed of the refusal.

Phase 2

If permission is granted for the sounding, the sounder shall submit a description of the potential transaction to the email address communicated by Ilmarinen when granting the permission. Ilmarinen requires that, at this stage, also an estimate is given as to which issuers and financial instruments the insider information pertains to.

Soundings concerning non-Finnish companies shall be conducted as follows:

Phase 1

As a rule, permission for a sounding must be sought from Ilmarinen by email at the address marketsounding.shares@ilmarinen.fi. When requesting the permission for sounding, the sounder may, in the case of foreign companies, only disclose the sector in which the company operates and its market value under the following criteria:

The company’s market value is

• < EUR 5 billion or
• > EUR 5 billion

Ilmarinen also requires that the duration of insiderness caused by the sounding is estimated and stated at this stage. If permission is refused, the matter will be considered closed. The sounder is informed of the refusal.

Phase 2

If permission is granted for the sounding, the sounder shall submit a description of the potential transaction to the email address communicated by Ilmarinen when granting the permission. Ilmarinen requires that, at this stage, also an estimate is given as to which issuers and financial instruments the insider information pertains to.

Phase 1

As a rule, permission for a sounding must be sought from Ilmarinen by email. When requesting permission for sounding, the only information pertaining to the transaction that the sounder may disclose is that the sounding involves a Finnish company as an issuer and/or securities issued by it. Ilmarinen also requires that the duration of possible insiderness caused by the sounding is estimated and stated at this stage. Soundings shall be made at the address marketsounding.bonds@ilmarinen.fi. If permission is refused, the matter will be considered closed. The sounder is informed of the refusal.

Phase 2

If permission is granted for the sounding, the sounder shall submit a description of the potential transaction to the email address communicated by Ilmarinen when granting the permission. Ilmarinen requires that, at this stage, also an estimate is given as to which issuers and financial instruments the insider information pertains to.

Phase 1

As a rule, permission for a sounding must be sought from Ilmarinen by email. When requesting permission for sounding, the only information that the sounder may disclose about the transaction is the sector in which the company operates. Ilmarinen also requires that the duration of insiderness caused by the sounding is estimated and stated at this stage. Soundings shall be made at the address marketsounding.bonds@ilmarinen.fi. If permission is refused, the matter will be considered closed. The sounder is informed of the refusal.

Phase 2

If permission is granted for the sounding, the sounder shall submit a description of the potential transaction to the email address communicated by Ilmarinen when granting the permission. Ilmarinen requires that, at this stage, also an estimate is given as to which issuers and financial instruments the insider information pertains to.