Subscription of New Shares in Valoe Corporation

Valoe Corporation                     Stock Exchange Release          9 August 2019 at 13.50 (Finnish time)            

The Board of Directors of Valoe Corporation (the "Company") has resolved to subscribe in total 3,065,000 new shares ("Subscribed Shares") in the share issue without consideration resolved by the Company on 15 July 2019.

The share subscription is conducted in order to implement a part of the financing arrangement between the Company and Winance approved on 19 December 2018. The new shares may be used solely for the implementation of the financing arrangement so that the Company may issue the new shares held by it to Winance when Winance subscribes shares on the basis of the convertible loans and warrants granted to it under the said financing arrangement. To the extent it is not necessary to issue new shares subscribed by the Company to Winance, the Company shall annul the shares.

The new shares are of the same class as the Company’s other shares and entitle to the same shareholder rights as the Company’s old shares after their registration.

After the registration of the Subscribed Shares in the trade register, the total number of the shares in the Company is 35,220,835 shares of which 3,443,815 shares are held by the Company.

The Subscribed Shares are estimated to be registered in the trade register approximately on 14 August 2019 and the Company shall apply for the admission of the Subscribed Shares to public trading on the stock exchange list of Nasdaq Helsinki Ltd approximately on 15 August 2019.

In Mikkeli 9 August 2019

Valoe Corporation

Board of Directors

For more information:

Iikka Savisalo, Valoe Corporation Tel. 2, email:

Distribution:

NASDAQ OMX, Helsinki

Main media

Valoe Corporation specializes in the clean energy, especially in photovoltaic solutions. Valoe provides automated production technology for solar modules based on the company’s own technology; production lines for modules; solar modules and special components for solar modules. Valoe's head office is located in Mikkeli, Finland.