Lassila & Tikanoja plc
Stock exchange release
9 December 2025 at 4.15 pm

Lassila & Tikanoja plc has applied for the New Lassila & Tikanoja’s shares to be listed on Nasdaq Helsinki

Lassila & Tikanoja plc (“Lassila & Tikanoja”) announced on 7 August 2025 the approval of a demerger plan concerning the partial demerger of Lassila & Tikanoja (the “Demerger Plan”) according to which all assets, debts and liabilities of Lassila & Tikanoja relating to the circular economy business area or mainly serving the circular economy business area shall be transferred without a liquidation procedure to a new independent company to be named Lassila & Tikanoja Plc and to be incorporated in the demerger (the “New Lassila & Tikanoja”) (the “Demerger”).

The Extraordinary General Meeting of Lassila & Tikanoja held on 4 December 2025 resolved on the Demerger in accordance with the Demerger Plan. Upon the completion of the Demerger, the shareholders of Lassila & Tikanoja shall receive as demerger consideration one (1) new share in the New Lassila & Tikanoja for each share owned in Lassila & Tikanoja.

Lassila & Tikanoja has today filed a listing application with Nasdaq Helsinki Ltd (“Nasdaq Helsinki”) for the admission to trading of the New Lassila & Tikanoja’s shares on the official list of Nasdaq Helsinki. The completion of the Demerger is expected to be registered in the Finnish Trade Register on or about 31 December 2025, and trading in the New Lassila & Tikanoja’s shares is expected to commence on or about 2 January 2026 under the trading code “LASTIK”. The ISIN code of the New Lassila & Tikanoja’s shares will be FI4000592472. Upon the completion of the Demerger, Lassila & Tikanoja will be re-named Luotea Plc, the new ISIN code of Luotea Plc’s shares will be FI4000592464, and the trading code will be “LUOTEA”.

For more information:

Eero Hautaniemi, Chief Executive Officer, tel. +358 10 636 2810

Joni Sorsanen, Chief Financial Officer, tel. +358 50 443 3045

Lassila & Tikanoja is a service company that is putting the circular economy into practice. Together with our customers, we keep materials, manufacturing sites and properties in productive use for as long as possible and we enhance the use of raw materials and energy. This is to create more value with the circular economy for our customers, personnel and society in a broader sense. Achieving this also means growth in value for our shareholders. Our objective is to continuously grow our actions’ carbon handprint, our positive effect on the climate. We assume our social responsibility by looking after the work ability of our personnel as well as offering jobs to those who are struggling to find employment, for example. With operations in Finland and Sweden, L&T employs approximately 7,400 people. Net sales in 2024 amounted to EUR 770.7 million. L&T is listed on Nasdaq Helsinki.

Disclaimer

This release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction

The securities referenced in this release have not been, and will not be, registered under the United States Securities Act of 1933, as amended or under the securities laws of any state of the United States. This release is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in the United States.

Neither the United States Securities and Exchange Commission nor any other U.S. federal or state securities commission or regulatory authority has approved or disapproved the shares referenced herein, nor have any foregoing authorities passed an opinion upon the fairness or merits of such securities or upon the accuracy or adequacy of the disclosures contained in this release or in the Finnish language demerger and listing prospectus (or in the English language translation thereof) published by Lassila & Tikanoja plc. Any representation to the contrary is a criminal offence in the United States.

Forward-looking Statements

This release includes “forward-looking statements” that are based on present plans, estimates, projections and expectations and are not guarantees of future performance. Words such as “intend”, “assess”, “expect”, “may”, “plan”, “believe”, “estimate” and other expressions entailing indications or predictions of future developments or trends, not based on historical facts, constitute forward-looking information. They are based on certain expectations and assumptions, which, even though they seem to be reasonable at present, may turn out to be incorrect. Shareholders should not rely on these forward-looking statements. Numerous factors may cause the actual results of operations or financial condition of the Demerging Company or the New Lassila & Tikanoja to differ materially from those expressed or implied in the forward-looking statements. Neither the Demerging Company, the New Lassila & Tikanoja, nor any of their affiliates, advisors or representatives or any other person undertakes any obligation to review, confirm or to release publicly any updates or revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this release other than as required by applicable laws and regulations.