Norrhydro Group Oyj (HLSE:NORRH) acquired remaining 48.9% stake in Motiomax Oy for ?0.4 million on January 8, 2024. Under the terms of agreement, the purchase price will be paid to the Sellers by directing an issue of new shares of the Company to the Sellers. The Board of Directors of the Company has received the Sellers? request to acquire the remaining shares in Motiomax and the Board of Directors has thus decided to carry out the second phase of the transaction and to acquire the remaining shares in Motiomax at a purchase price of ?391,680 (the ?Purchase Price?). The Purchase Price is based on the terms and conditions of the share purchase agreement and on the valuation of 800,000 euros for all the shares in Motiomax as agreed between the parties. The Purchase Price will be paid by directing an issue of a total of 184,481 new Norrhydro shares (the ?Consideration Shares?) to the Sellers for subscription and the Sellers shall pay the subscription price by transferring the remaining 48.96per cent of Motiomax shares to the Company as contribution in kind. The shareholders? agreement concerning Motiomax between the Company, the shareholders of Motiomax and Motiomax terminates as a result of the completion of the transaction. The Consideration Shares represent approximately1.69 percent of all Norrhydro shares prior to the share issue. After the completion of the transaction, the shareholding of theSellers in Norrhydro will be approximately 2.25 percent. As part of acquisition, the total number of Norrhydro shares will increase from 10,901,638 shares to 11,086,119 shares after completing the transaction. Jari Lauriala of Translink International AG acted as financial advisor to Norrhydro

Norrhydro Group Oyj (HLSE:NORRH) completed the acquisition of remaining 48.9% stake in Motiomax Oy for on January 8, 2024.