Notification pursuant to Chapter 9, section 5 of the

Vantaa, Finland, 2016-10-06 08:00 CEST (GLOBE NEWSWIRE) -- Cramo Plc Stock Exchange Release 6 October 2016, at 9.00 am Finnish time (EET)

Notification pursuant to Chapter 9, section 5 of the Securities Markets Act

Cramo Plc has received on 5 October 2016 the following notification pursuant to Chapter 9, section 5 of the Securities Markets Act ("SMA") from Massachusetts Mutual Life Insurance Company, MassMutual Holding LLC and MM Asset Management Holding LLC of Springfield, Massachusetts, USA, according to which their total holding of shares in Cramo Plc has decreased below five (5) percent on 3 October 2016. According to the notification, the reasons for the notification were a disposal of shares or voting rights and the removal of Barings entities from the chain of controlled undertakings in due to the sale of shares.

Aggregate position of Massachusetts Mutual Life Insurance Company, MassMutual Holding LLC and MM Asset Management Holding LLC according to the notification:

	% of shares and voting rights	% of shares and voting rights through financial instruments	Total of both in %	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	4.89%	–	4.89%	44,690,554
Position of previous notification (if applicable)*	5.48%	–	5.48%

* According to the latest notification provided to the company on 28 August 2015 the amount of the shares and voting rights has been 5.081%.

Notified details of the resulting situation following the crossing of the threshold:

A: Shares and voting rights

	Number of shares and voting rights		% of shares and voting rights
Class/type of shares	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
FI0009900476	2,185,577	–	4.89%	–
SUBTOTAL A	2,185,577		4.89%

Information in relation to the person subject to the notification obligation as contained in the notification:

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:
Name	% of shares and voting rights	% of shares and voting rights through financial instruments	Total of both
Massachusetts Mutual Life Insurance Company	4.89%	–	4.89%
MassMutual Holdings LLC	4.89%	–	4.89%
MM Asset Management LLC	4.89%	–	4.89%

Additional information contained in the notification:

The complete chain of controlled undertakings is the following (the above section contains the entities which are below the 5% threshold):

Massachusetts Mutual Life Insurance Company
MassMutual Holdings LLC
MM Asset Management LLC
Oppenheimer Acquisition
OppenheimerFunds, Inc.
OFI Global Institutional, Inc.
OFI Global Trust Company

OppenheimerFunds, Inc., and OFI Global Institutional, Inc. are investment managers that independently exercise their respective voting powers on behalf of the clients and investment funds whose assets they are managing.

CRAMO PLC

Leif Gustafsson
President and CEO

Further information:

Mr Mattias Rådström, SVP, Communication, Marketing and Investor Relations, tel: +46 70 868 7045

Distribution:
Nasdaq Helsinki Ltd.
Major media
www.cramo.com

Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries and in about 330 depots. With a group staff around 2.500, Cramo's consolidated sales in 2015 was EUR 668 million. Cramo shares are listed on the Nasdaq Helsinki Ltd.