Resolutions taken by the Annual General Meeting of SATO Corporation

3 April 2019

SATO Corporation, Decisions of General Meeting, 3rd April 2019 at 2:00 pm

Adoption of financial statements and discharge from liability
On 3 April 2019 the Annual General Meeting of SATO Corporation adopted the company's financial statements for the financial period 1 January - 31 December 2018 and discharged the members of the Board of Directors and the President and CEO from liability for the financial period 2018.

Board of Directors
The number of members of the Board of Directors was confirmed to be seven (7).

The Annual General Meeting elected Erik Selin to serve as Chairman of the Board. Members Marcus Hansson, Jukka Hienonen, Esa Lager, Tarja Pääkkönen, Johannus (Hans) Spikker and Timo Stenius were re-elected as members of the Board of Directors.

Deloitte Oy, the firm of authorized public accountants, was elected as the auditor. Deloitte Oy has notified that APA Eero Lumme will serve as the auditor with principal responsibility.

Dividend distribution 
The Annual General Meeting resolved that EUR 0.50 per share be paid out in dividends by SATO Corporation for the financial period ending 31 December 2018. The record date for dividend distribution is April 5, 2019 and the dividend is to be paid on April 12, 2019.

For more information please contact:

Saku Sipola, President and CEO, phone +358 201 34 4001 or +358 40 551 5953
Markku Honkasalo, CFO, phone +358 201 34 4226 and +358 50 598 8728

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 2018 SATO owned around 25,900 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 stock through investments, divestments and repairs.

The SATO Group's net sales in 2018 were EUR 290 million, operating profit EUR 273 million and profit before taxes EUR 231 million. The value of SATO's investment assets was roughly EUR 3.9 billion.