Orava Asuinkiinteistörahasto Oyj - Changes in company's own shares

SHARES SUBSCRIBED IN ORAVA RESIDENTIAL REIT'S DIRECTED ISSUES WERE HANDED OVER

Orava Residential Real Estate Investment Trust plc

STOCK EXCHANGE RELEASE 3 MARCH 2015 AT 5:45 p.m.



SHARES SUBSCRIBED IN ORAVA RESIDENTIAL REIT'S DIRECTED ISSUES WERE HANDED OVER



The Board of Directors of Orava Residential Real Estate Investment Trust plc
(Orava Residential REIT) has approved the subscriptions for shares allocated to
Nordea Bank Finland Plc and Orava Funds plc in directed issues, and the company
has handed the shares over to the subscribers. After the transfers, the number
of treasury shares held by the company is 492,379. 

Nordea Bank Finland Plc subscribed for 5,000 new shares. The directed issue is
related to the market making agreement concluded by the company with Nordea
Bank Finland Plc. The trading code of the shares is OREITN0115, and they do not
entitle their holder to dividends paid during 2015. The subscription price of
the new shares, EUR 11.54 per share, was the average stock exchange price of
the shares on the Helsinki Stock Exchange, weighted with the turnover during
the five trading days preceding the subscription. 

Orava Funds plc subscribed for 39,952 shares. Through the directed issue, the
company pays half of the performance-based management fee for 2014 to the
management company Orava Funds plc. The trading code for the shares is OREIT.
The subscription price of the shares, EUR 10.60 per share, was the average
stock exchange price of the shares on the Helsinki Stock Exchange, weighted
with the turnover during the five last trading days of 2014. 



Orava Residential Real Estate Investment Trust plc



Pekka Peiponen

CEO



Additional information

Pekka Peiponen, CEO, telephone +358 (0)10 420 3004

Veli-Matti Salmenkylä, CFO and administrative director, telephone +358 (0)10
420 3102