Suomen Hoivatilat Oyj

Press release, 6 November 2018, at 9:01 am EET

Members of the Board of Directors have sold shares in Suomen Hoivatilat Oyj

Suomen Hoivatilat Oyj has been informed that the chair of the Board of Directors Pertti Huuskonen through his controlling interest company, a person closely associated to Huuskonen and a member of the Board of Directors Timo Pekkarinen through his controlling interest company have sold shares in the company on 2 November 2018. Prior to the share sale, the combined holding of Huuskonen and Pekkarinen represented approximately 5.8 per cent of all the outstanding shares and votes in the company. The combined holding of Huuskonen and Pekkarinen after the share sale represents approximately 4.1 per cent of all the outstanding shares and votes in the company.

Lunacon Oy, a company controlled by Huuskonen, sold 200,000 shares in the company, a person closely associated to Huuskonen 10,000 shares and Tirinom Oy, a company controlled by Pekkarinen 214,676 shares in the company. The share sales represent altogether approximately 1.7 per cent of all the shares and votes in the company. The share sales were executed through a block trade via Carnegie Investment Bank AB with the closing price of Thursday 1 November 2018, EUR 8.35 per share. Following the share sale, Huuskonen owns 152,486 shares in the company (corresponding to approximately 0.6 per cent of all the shares and votes in the company) and Pekkarinen owns 896,489 shares in the company (corresponding to approximately 3.5 per cent of all the shares and votes in the company). Following the share sale, the value of the combined holding of Huuskonen and Pekkarinen in Suomen Hoivatilat Oyj is approximately EUR 8.8 million (calculated with the closing price of 1 November 2018, EUR 8.35 per share).

Huuskonen and Pekkarinen comment on the share sales: "We have been involved in the unique development of Suomen Hoivatilat Oyj for almost ten years while regularly investing in the company to finance its growth. The market value of the company has multiplied due to the growth of its business. Due to this development, the company has gained a considerable overweight in our investment portfolios, which is why the share sales were topical. International high-quality investors are interested in the Hoivatilat share and we believe that the executed share sales contribute to the development of the ownership structure of the company and enhance the liquidity of the share."

More information on the share sales is available on the Managers' Transactions stock exchange releases published by the company today, 6 November 2018.

SUOMEN HOIVATILAT OYJ

CEO

Further information:

CEO Jussi Karjula, tel. +358 40 773 4054

Suomen Hoivatilat in brief:

Suomen Hoivatilat Oyj specialises in producing, developing, owning and leasing out daycare centre and nursing home premises, service communities and schools. Hoivatilat was established in 2008 and cooperates with around 60 Finnish municipalities. It has started over 150 real estate projects throughout Finland.