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Organisational meeting of SATO Corporation Board of Directors

Mar 3, 2016

SATO Corporation, Company Announcement, 3rd March 2016 at 1:55 pm

On 3 March 2016, the SATO Annual General Meeting elected Erik Selin to serve as Chairman of the Board of Directors of SATO Corporation.

At its organisational meeting also held on 3 March 2016, 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 Andrea Attisani, 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 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 5515 953

www.sato.fi

SATO is one of Finland's leading rental housing providers. SATO's aim is to offer comprehensive alternatives in rental housing and an excellent customer experience. All told, SATO holds roughly 23,600 rental homes in Finland's largest growth centres and in St Petersburg.

In our operations, we promote sustainable development and initiative-taking, and work in open interaction with our stakeholders to create added value. We operate profitably and with a long-term view.

We increase the value of our housing property through investments, divestments and repair work.

SATO Group's net sales in 2015 were €323.4 million, operating profit €196.5 million and profit before taxes €159.4 million. SATO's investment properties have a value of roughly €2.8 billion.