A board member of Solidium Oy has been charged in a case related to Ramirent Oyj

Solidium Oy has received information that a member of its board of directors has been charged in a case related to Ramirent Oyj. Solidium has been informed that the public prosecutor has decided to press charges against former management of Ramirent Oyj for suspected securities market disclosure violations. Board member Laura Raitio served on the board of Ramirent Oyj during the alleged timeframe in 2019. According to the information received by Solidium, Laura Raitio denies the allegations.

Solidium Oy is not a party to the case, and the charges do not affect Laura Raitio's work on Solidium’s board. Solidium is monitoring the legal process and will reassess the situation no later than when the outcome of the legal process is known.

Further information: Jouko Karvinen, Chair of the Board, Solidium Oy; call-back requests, Jaana Lahti, tel. +358 (0)50 339 8801

Solidium is a limited company wholly owned by the State of Finland. Its mission is to strengthen and stabilise Finnish ownership in nationally important companies and increase the value of its holdings in the long term. The basis and core objective of Solidium’s strategy is proper, value-enhancing asset management of its current holdings. Through its stakes, Solidium is a minority owner in eleven listed companies: Anora, Elisa, Konecranes, Metso, Nokia, Nokian Tyres, Outokumpu, Sampo, Stora Enso, Tietoevry and Valmet. The market value of Solidium’s investments is approximately EUR 7.5 billion. Further information: www.solidium.fi/en.