Onninen’s Steel business is transferred to a new company Feon Ltd as of May 1st 2016

Dear Customer, As disclosed in our press release on 12 January 2016, Onvest is selling its subsidiary Onninen to Kesko. Onninen's steel business is not included in the acquisition. Steel business continues as Feon Ltd, an independent subsidiary to Onvest. Feon Ltd headquarter is also moving to new premises.

All changes will be effective as of May 1st 2016

There will be no changes to the operations of our steel business or the service center in Hattula. All the familiar buyers, sales staff and contact persons will remain at your service to address needs related to devices, steel-, and metal construction.

A business transfer break in the steel business 29.4.-2.5.2016

Due to the business transfer, there is a break in the steel business between 29.4.-2.5.2016 and our operations are closed. During this break we are not able to receive or deliver any goods. After this period our operations will continue normally. Open steel orders as of 29.4. All open orders as of 29.4. are transferred from Onninen Oy to Feon Ltd. Goods are delivered to customers after 29.4. and invoices are sent by Feon Ltd. Customers will also receive new order confirmations from Feon Ltd. For further information, please contact: Sami Aro Business Manager, General Engineering +358 40 163 2150 sami.aro@feon.fi Mika Kortelainen Business Manager, Metal Construction +358 40 483 5473 mika.kortelainen@feon.fi Juha Kangasaho Business Manager, Steel Construction +358 400 202 137 juha.kangasaho@feon.fi Kind regards, Petri Kalliokoski Managing Director Feon Ltd