Releases

Suomen Hoivatilat Plc

Stock exchange release, 5 June 2018 14.00  EET

Suomen Hoivatilat Oyj: Suomen Hoivatilat Plc expands its operations to Sweden

Suomen Hoivatilat Plc ("Hoivatilat") has previously announced its intention to explore opportunities to expand business operations to other Nordic countries. Hoivatilat has today resolved to establish a Swedish subsidiary.

Maria Frid has been appointed as the managing director of the Swedish subsidiary from 3 September 2018. Upon assuming her duties, Maria Frid will not be a member of Hoivatilat's executive team. Frid will report to Hoivatilat's CEO Jussi Karjula.

Maria Frid brings with her the experience of senior leadership roles in property management and the care property business. Frid, who has previously held the position of head property manager at SWECO Sverige AB, holds a bachelor's degree in civil engineering from Lund University.

Oulu, 5 June 2018

SUOMEN HOIVATILAT PLC

Board of Directors

Further information:

Jussi Karjula, CEO, tel. +358 40 773 4054

Suomen Hoivatilat in brief:

Suomen Hoivatilat Plc specialises in producing, developing, owning and leasing out nursing homes, day care centres, schools and service communities. Founded in 2008, Hoivatilat has been working in cooperation with as many as 50 Finnish municipalities and has launched 120 property projects throughout Finland. The company was listed on the Nasdaq Helsinki stock exchange on 1 March 2017.