2022-06-23 11:00:00 CEST

2022-06-23 11:00:09 CEST


Sitowise Group Plc - Changes board/management/auditors

Hanna Masala appointed as Sitowise's new CFO

Sitowise Group Plc Stock Exchange Release 23 June 2022 at 12:00 pm (EEST)

Hanna Masala appointed as Sitowise's new CFO

Hanna Masala, M.Sc. (Econ.), has been appointed as the new CFO and a member of
the Sitowise's Group Management Team as of October 1, 2022. CFO Heidi Karlsson
has resigned from her position, and she will continue in her role until the end
of September 2022.

Masala joins Sitowise from a position as Fortum's Group Finance Director. She
has more than 20 years of strong experience from demanding financial management
positions and various strategy and M&A related roles in international
organizations. Masala graduated with a Master of Science in Business and
Administration (Finance) from the Helsinki School of Economics.

-  I am very excited to have a professional with an extensive experience such as
Hanna Masala as part of our management team. Sitowise has strong growth targets
for the coming years both in Finland and in other Nordic countries. Hanna has a
background that supports our goals in many ways. She has a long experience of
demanding financial management roles in an international listed company, and in
addition she also has a strong strategic focus, says Heikki Haasmaa, CEO of

Sitowise expects to build strong growth in the Nordic countries and invests
strongly in strategic acquisitions.

-  It's great to start building international growth for a recently listed
company. I am particularly excited about Sitowise's dynamic approach on
developing a successful, Nordic business. For me, finance has a very strategic
role, supporting business to execute its growth opportunities. Also, as
acquisitions play a key role in Sitowise's strategy, I believe that I have a lot
to offer from that point of view as well, Hanna Masala says.

Sitowise's current CFO Heidi Karlsson joined the company four years ago after
the merger of Sito and Wise. Since then, the company has grown strongly,
expanded to Sweden, and was listed on the main list of the Helsinki Stock

- From the beginning, Heidi has played a very important role in Sitowise's
growth journey. Her role especially in the company's IPO was significant.
Together with her team she built Sitowise's listing readiness and developed high
-quality reporting and financial practices for us as a listed company. I thank
Heidi for her excellent work during these years and for the smooth cooperation
during my first months in Sitowise, Heikki Haasmaa notes.

CV - Hanna Masala

Born 1976
Master of science in Business and Administration (Finance), Helsinki School of
Finnish citizen

Primary career

1/2016 - Fortum Oyj, current position: Group Finance Director, previously
different positions such as: VP Finance and strategy and VP Strategy, City
Solutions division
8/2013 - 1/2016 Solidium Oy, Investment Director
12/2006 - 7/2013 Outokumpu Oyj, Vice President - M&A and Business Development
1/2000 - 11/2006 Nordea Corporate Finance, Associate Director and Analyst

For more information, please contact

Heikki Haasmaa, CEO, puh. +358 50 304 7765
Minttu Vilander, Chief Communications and Sustainability Officer, puh. +358 40
575 6660
Sitowise mediadesk, mediadesk@sitowise.com, +358 44 427 9434

Information about Sitowise

Sitowise is a Nordic specialist and digital expert in the built environment. We
offer design and consulting services for smarter and more sustainable urban
development as well as smooth transportation. We operate in three business areas
in Finland and Sweden: real estate and buildings, infrastructure, and digital

We want to raise the bar of being smart and sustainable, which is why our vision
is to be the most responsible partner in developing a prosperous living
environment. Sitowise has grown rapidly and profitably in the past years. The
group's net sales were EUR 179 million in 2021 and the company employs over
2,000 experts. Sitowise Group Plc is listed on Nasdaq Helsinki as SITOWS.