NoHo Partners PlcSTOCK EXCHANGE RELEASE 25 February 2021 at 10:45 am NoHo Partners initiates new cooperation negotiations to adapt its business to restaurant closings NoHo Partners Plc will start new negotiations under the Cooperation Act to adapt its business to the hospitality closure measures published today by the Finnish government, which will be launched on 8 February 2021 The aim of the negotiations is to minimize the economic impact of the COVID-19 pandemic. The cooperation negotiations affect the entire staff of the group, iHe about 1250 people in Finland.In addition, the effects of the restaurant restriction measures are indirectly reflected in the roughly 2000 temporary workers of the company against negotiations can lead to a reduction of jobs and layoffs in part-time and full-time. We will immediately take measures to close the restaurants and thus lay off employees for the duration of the closure. Now the last round of the corona fight begins , which requires persistence from us, our customers and most importantly from our employees, I believe that with the measures now being taken and the progress of the vaccination pace, we will be able to start the recovery phase as planned in the summer and return to a more normal life says Aku Vikström, CEO of NoHo Partners

For more information, please contact: Aku Vikström, CEO, tel 358 44 011 1989 Jarno Suominen, Deputy Managing Director, tel 358 40 721 5655

Distribution: Nasdaq HelsinkiMajor mediawwwnohofi / enNOHO PARTNERS PLC is a Finnish group specializing in restaurant services founded in 1996.The company, which was listed on NASDAQ Helsinki in 2013 and became the first Finnish publicly listed restaurant company, has continued throughout its history strong growth The group companies include around 250 restaurants in Finland, Denmark and Norway The company’s well-known restaurant concepts include Elite, Savoy, Teatteri, Ja Ja Ja, Stefans Steakhouse, Palace, Löyly, Hanko Sushi, Friends & Brgrs and Cock’s & Cows Je Depending on the season, the group employs around 2100 employees who have been converted to full-time employees. The company’s vision is to be the most important restaurant company in the Nordic countries wwwnohofi

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