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Antti Asteljoki appointed SATO Vice President

May 9, 2016

SATO Corporation, Company Announcement, 9th May 2016 at 2:00 pm

SATO has appointed Antti Asteljoki, MSc (Econ), 42, as Vice President for Housing Business as from 16 May. He will be responsible for home rental, maintenance and life-cycle management as well as customer service and the operations of regional units. He will report to President and CEO Saku Sipola.

Asteljoki joins SATO following almost four years as the CEO of Huoneistokeskus Oy. Prior to that he had served as Area Director with RTK-Palvelu Oy and Kiinteistömaailma and Sales Director, Property Services, with Lassila & Tikanoja.

SATO's President and CEO Saku Sipola:

- We're bringing the customer experience strongly to the core of our operations alongside careful property management. Throughout his career, Antti has had a strong commercial approach as well as diverse experience in service business development and property maintenance. Antti will contribute his strong vision to our service development and be an excellent fit to SATO's team of professionals.

For more information please contact:

SATO Corporation
Saku Sipola, President and CEO, phone +358 40 551 5953

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 23,400 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.