Geberit has notified Sanitec of redemption right regarding remaining Sanitec shares

Geberit has notified Sanitec of redemption right regarding remaining Sanitec
shares; Geberit to offer EUR 10.36 per share in the redemption proceedings
Geberit Investment Oy (“Geberit”) has notified Sanitec Corporation (“Sanitec”)
that it holds more than nine tenths (9/10) of all the shares and votes in
Sanitec. Consequently, Geberit has notified the right, based on Chapter 18,
Section 1 of the Finnish Companies Act, to redeem the shares held by other
Sanitec shareholders at fair value.

Geberit has decided to exercise its redemption right and to redeem all the
shares held by the remaining shareholders in Sanitec. The price to be offered by
Geberit in the redemption proceedings is EUR 10.36 per share, which corresponds
in euro to the offer consideration of SEK 97.00 paid by Geberit in the public
tender offer announced on 14 October 2014.

Geberit has notified that any possible transfer tax collected in Finland
deriving from the redemption as well as the payments and charges arising from
the book-entry registrations carried out as a consequence of the redemption will
be borne by Geberit. To implement the redemption, Geberit will initiate
arbitration proceedings as provided in the Finnish Companies Act.

The redemption notification and claim by Geberit referred to above is attached
in its entirety to this stock exchange release as Appendix 1.

_____________________________________________________________________

Appendix 1: Redemption notification and claim by Geberit, 12 February 2015

Unofficial translation

Sanitec Corporation
Kaupintie 2
00440 Helsinki
Finland

REDEMPTION NOTIFICATION AND CLAIM UNDER CHAPTER 18 OF THE FINNISH COMPANIES
ACTGeberit Investment Oy (hereinafter “Geberit”), an indirectly wholly owned
subsidiary of Geberit AG, holds more than nine tenths (9/10) of all the shares
and votes in Sanitec Corporation (hereinafter “Sanitec”). As a consequence of
exceeding the relevant threshold, Geberit has the right, based on Chapter 18,
Section 1 of the Finnish Companies Act, to redeem the shares held by other
Sanitec shareholders at fair value. Geberit’s current holding in Sanitec is
99,080,684 shares corresponding to approximately 99.22 per
cent[1] (http://connect.ne.cision.com#_ftn1) of all the shares and votes in
Sanitec.

Geberit has decided to exercise its redemption right under the Finnish Companies
Act and to redeem all the shares held by any other remaining shareholders in
Sanitec (the “Shares” and each of them separately, a “Share”). Geberit’s
redemption claim based on the redemption right is substantially as follows:

1.              Redemption Price of the Shares

The redemption price for the Shares is EUR 10.36 per Share (“Redemption Price”),
which corresponds in euro to the offer consideration of SEK 97.00 paid by
Geberit in the voluntary public tender offer to the shareholders in Sanitec to
tender all shares in Sanitec announced on 14 October 2014 (hereinafter the
“Tender Offer”)[2] (http://connect.ne.cision.com#_ftn2) . The Tender Offer was
launched by Geberit AG and completed through Geberit.

Through the Tender Offer Geberit has gained title to 99.22 per
cent[3] (http://connect.ne.cision.com#_ftn3) of all the shares and votes in
Sanitec, and thus exceeded the nine tenths (9/10) threshold of all the shares
and votes in Sanitec. Accordingly, the Redemption Price of EUR 10.36 per Share
shall be considered as the fair value of the Shares in accordance with the
Finnish Companies Act.

2.              Transfer Tax and Payments

Possible transfer tax collected in Finland deriving from the redemption of the
Shares as well as the payments and charges arising from the book-entry
registrations carried out as a consequence of the redemption will be borne by
Geberit.

Background to Geberit’s redemption notification and claim and the consideration
offered in the Tender Offer can be found in the Tender Offer Document published
on 17 November 2014, which is available both in Swedish and English on the
internet at Carnegie’s website (www.carnegie.se) and at Geberit AG’s website
(www.geberit.com).

To implement the redemption of the Shares as referred to in this redemption
notification and claim, Geberit will initiate arbitration proceedings as
provided in the Finnish Companies Act.

In Helsinki on 12 February 2015

Geberit Investment Oy

Signature:

_____________________

Paula Linna
By Power of Attorney

On behalf of Sanitec Corporation, I have today received the redemption
notification and claim by Geberit Investment Oy.

In Helsinki on __ February 2015

_______________________________

name:
position:

----------------------------------------------------------------------

[1] (http://connect.ne.cision.com#_ftnref1) Excluding the 139,198 treasury
shares held by Sanitec.

[2] (http://connect.ne.cision.com#_ftnref2) Based on the prevailing EUR/SEK
exchange rate on the last day of the actual offer period, 2 February 2015

[3] (http://connect.ne.cision.com#_ftnref3) Excluding the 139,198 treasury
shares held by Sanitec

_____________________________________________________________________
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

The information in this press release shall be released by Sanitec in accordance
with the Swedish and Finnish securities markets law. The information was handed
in for publication on 12 February 2015 at 20:05 CET/ 21:05 EET.
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.