Suomen Hoivatilat Plc

Stock Exchange Release, 28 February 2018, at 8:00 a.m. (EET)

Suomen Hoivatilat Plc: The Proposals of the Nomination Board to the General Meeting

The shareholders' Nomination Board of Suomen Hoivatilat Plc makes the following proposals to the Annual General Meeting convening on March 26, 2018:

Resolution on the Remuneration of the Members of the Board of Directors:

Members receive a monthly compensation of EUR 1,667 per month. The chairperson receives a monthly compensation of EUR 3,750 per month. In addition, members receive a meeting fee of EUR 600 per meeting. The chairperson's meeting fee is EUR 1,200 per meeting. If the chairperson's or members' travel time to a meeting exceeds three hours, they will receive 1.5 times the amount of the meeting fee.

Committee members are paid a meeting fee of EUR 400 per meeting and the committee chairperson receives EUR 600 per meeting.

Travel expenses are compensated to the members of the board and the committees according to the instructions of the Tax Administration.

Number of members

It is proposed that the number of the members of the Board of Directors is six (6) members.

The members of the Board of Directors

It is proposed that the members of the Board of Directors are Satu Ahlman, Harri Aho (new), Pertti Huuskonen, Kari Nenonen (new), Timo Pekkarinen and Reijo Tauriainen.

It is proposed that Pertti Huuskonen is elected as the chairperson.

Composition of the Nomination Board (the representatives nominated by the three largest shareholders):

• Minna Åman-Toivio, member of the board of directors of Partner Oy that owns the share capitals of Nurture Property Holding Oy and Nurture Real Estate Holding Oy
   
• Kalle Saariaho, CEO of OP Fund Management Company Ltd that manages OP funds
   
• Johannes Wingborg, corporate governance manager, Länsförsäkringar Fondförvaltning AB        

Oulu 27 February 2018

Suomen Hoivatilat Plc

Jussi Karjula

CEO

Further information:
Minna Åman-Toivio, Partnera Oy, Chairperson of the Nomination Board,  tel. +358 40502 5761

Hoivatilat in brief:

Suomen Hoivatilat specialises in producing, developing, owning and leasing out daycare centre and nursing home premises, service blocks and schools. Hoivatilat was established in 2008 and cooperates with around 50 Finnish municipalities. It has started over 120 real estate projects throughout Finland. The company was listed on Nasdaq OMX Helsinki on 1 March 2017.