Organizational meeting of SATO Corporation board of directors

23 March 2018

SATO Corporation, Changes board/management/auditors, 23rd March 2018 at 1:30 pm

On 23 March 2018, the SATO Annual General Meeting elected Erik Selin to serve as Chairman of the Board of Directors of SATO Corporation.

At its organizational meeting also held on 23 March 2018, the Board elected from among its number Jukka Hienonen to serve as Deputy Chairman.

The Board appointed Erik Selin to chair the Nomination and Remuneration Committee and Jukka Hienonen and Tarja Pääkkönen to serve as Committee members.

Marcus Hansson was appointed by the Board to chair the Audit Committee, while Esa Lager, Johannus (Hans) Spikker and Timo Stenius were appointed to serve as Committee members.

For more information please contact:

Saku Sipola, President and CEO, phone +358 201 34 4001 or +358 40 551 5953

SATO is one of Finland's leading rental housing providers. SATO aims to offer a comprehensive choice of rental housing and an excellent customer experience. At year-end 2017 SATO owned around 25,800 apartments in Finland's largest growth centres and in St Petersburg.

We promote sustainable development and initiative through our operations and work in open interaction with our stakeholders to generate added value. We operate profitably and with a long-term view. We increase the value of our housing assets through investments, divestments and repairs.

The SATO Group's net sales in 2017 were €280 million, operating profit €231 million and profit before taxes €185 million. The value of SATO's investment assets is roughly EUR 3.6 billion.