Releases

Suomen Hoivatilat Oyj

Stock Exchange Release, 13 February 2017, at 8:00 a.m. (EET)

Suomen Hoivatilat: Financial targets for 2018-2020, and schedules for financial reports in 2018

Financial targets for 2018-2020 and dividend policy

The Board of Directors of Suomen Hoivatilat has set following targets for strategic period 2018-2020:

• Revenue growth of at least 40 per cent in 2018 and at least 30 per cent in 2019-2020
• Operating result at 40 per cent of revenue, on average
• Equity ratio at least 35 per cent on average

The dividend policy will remain unchanged. According to Hoivatilat's dividend distribution policy, the target is to distribute at least 50 per cent of the operating result as dividends every year.

Schedules of Suomen Hoivatilat's financial reports and Annual General Meeting in 2018

Suomen Hoivatilat will publish the following financial reports in 2018:

13 February 2018: Financial Statements Bulletin for 2017

3 May 2018: Business Review, January-March 2018

16 August 2018: Half-Year Review, January-June 2018

1 November 2018: Business Review, January-September 2018

The Annual General Meeting will be held on 27 March 2018. The company's Board of Directors will issue a separate notice of the Annual General Meeting at a later date.

The Annual Report for 2017 will be published in week 10 of 2018 (the week beginning 5 March).

SUOMEN HOIVATILAT OYJ

Board of Directors

Further information:
Suomen Hoivatilat Oyj, Jussi Karjula, CEO, jussi.karjula@hoivatilat.fi, tel. +358 40 773 4054

Hoivatilat in brief:

Suomen Hoivatilat specialises in producing, developing, owning and leasing out daycare centre and nursing home premises and service blocks. Hoivatilat was established in 2008 and cooperates with around 50 Finnish municipalities. It has started over 100 real estate projects throughout Finland. The company was listed on Nasdaq OMX Helsinki on 1 March 2017.