Organizational Meeting of SATO Corporation’s Board of Directors

SATO Corporation, Stock Exchange release, 23 March 2023 at 2.45 pm

On 23 March 2023, the SATO Corporation’s 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 2023, the Board elected from among its number Esa Lager to serve as Deputy Chairman.

Erik Selin was appointed by the Board to chair the HR and Remuneration Committee and Tarja Pääkkönen and Johannus (Hans) Spikker to serve as Committee members.

Further information

CEO Antti Aarnio, tel. +358 20 134 4200
CFO Markku Honkasalo, tel. +358 20 134 4226
www.sato.fi

DISTRIBUTION:
NASDAQ Helsinki Ltd., Euronext Dublin, main media, www.sato.fi

SATO Corporation is an expert in sustainable rental housing and one of Finland’s largest rental housing providers. SATO owns around 25,000 rental homes in the Helsinki Metropolitan Area,Tampere and Turku.

SATO aims to provide an excellent customer experience and a comprehensive range of urban rental housing alternatives with good access to public transport and services. We promote sustainable development and work in open interaction with our stakeholders. SATO invests profitably, sustainably and with a long-term view. We increase the value of our assets through investments, divestments and repairs.

In 2022, SATO Group’s net sales totalled EUR 291.2 million, operating profit EUR 198.9 million and profit before taxes EUR 151.9 million. The value of SATO’s investment properties is around EUR 5 billion. www.sato.fi