Notification in accordance with the Finnish Securities Markets Act chapter 9 § 5: a conditional increase in the holdings of Geberit AG

On 14 October 2014, Sanitec Corporation announced that Geberit AG has decided to
launch a public tender offer concerning all outstanding shares in Sanitec
Corporation. Sanitec Corporation has received from Geberit AG a notification
pursuant to chapter 9, section 5 of the Finnish Securities Markets Act.
According to the notification, the shareholders of Sanitec Corporation Sofia IV
S.à r.l and Zeres Public Market Fund have given irrevocable undertakings to
accept the tender offer subject to customary conditions. The undertakings will
lapse in the event that a third party, prior to the tender offer being declared
unconditional, makes an offer for all shares in Sanitec Corporation which
exceeds the value of the consideration per share available under the tender
offer by at least 8.0%, provided that Geberit AG does not revise its offer to at
least the same level as the competing offer.

According to the notification, the undertakings by Zeres Public Market Fund and
Sofia IV S.à r.l. concern in total 25,500,000 shares, corresponding to 25.5% of
the shares and votes in Sanitec Corporation. Pursuant to the irrevocable
undertakings, should the tender offer by Geberit AG be completed, the ownership
of Geberit AG will upon settlement increase to 25,500,000 shares, corresponding
to 25.5% of the shares and votes in Sanitec Corporation.

The acceptance period for the tender offer is expected to begin on or about 17
November 2014 and expire on or about 22 December 2014. Commencement of
settlement is estimated to take place on 29 December 2014. Geberit AG reserves
the right to extend the acceptance period, as well as to postpone the settlement
date. The tender offer may be completed through Geberit AG itself or a directly
or indirectly wholly owned subsidiary of Geberit AG. The completion of the
tender offer will be subject to the satisfaction or waiver by Geberit AG of
certain conditions to completion, as specified in the media release by Geberit
AG published on 14 October 2014.

Sanitec Corporation has currently 100,000,000 registered shares, each share
entitling to one vote at the general meeting of shareholders.
For additional information, please contact:

Niklas Alm
Head of Investor Relations
ir@sanitec.com
mob. 46 76 855 7836

Noora Koikkalainen
Head of Corporate Communications
sanitec.corporation@sanitec.com
tel. 358 10 662 5426
About Sanitec – “Home of the Bathroom”

Sanitec is the leader in bathroom ceramics in Europe. We have a unique portfolio
of some of the most well-known brands with deep roots in the European fixtures
markets, strategically positioned to address local markets. We care passionately
about people’s needs when it comes to complete bathroom concepts, providing
products that stand for guaranteed quality, high level of innovation and
attractive design. Stable relationships with key stakeholders in the value chain
and our unique brand strengths foster our leading position as well as the
loyalty and trust amongst our customers, our network of installers and the end
users of our products.

Sanitec operates an integrated European group with an unparalleled local
presence to provide the best value when it comes to bathroom products. In 2013
net sales amounted to EUR 702 million. Our production network includes 18
production facilities throughout Europe and currently Sanitec employs
approximately 6,200 people. Our head office is located in Helsinki, Finland. The
shares in Sanitec Corporation are traded on NASDAQ Stockholm under the symbol
“SNTC”.

For more information about Sanitec, please visit www.sanitec.com.