Orava Asuinkiinteistörahasto Oyj - Company Announcement

ORAVA RESIDENTIAL REIT ACQUIRES APARTMENTS BY A DIRECTED SHARE ISSUE

Orava Residential Real Estate Investment Trust plc

STOCK EXCHANGE RELEASE 28 NOVEMBER 2014 AT 3:30 P.M.



ORAVA RESIDENTIAL REIT ACQUIRES APARTMENTS BY A DIRECTED SHARE ISSUE



Orava Residential Real Estate Investment Trust plc (Orava Residential REIT) has
today signed a binding agreement to acquire Asunto Oy Kirkkonummen Kummikallio.
The investment property consists of 84 apartments. Orava Residential REIT will
wholly fund the transaction price EUR 2.7 million by a directed share issue
allocated to Osuusasunnot Oy. The subscription price of the new shares is based
on the weighted average price over the five trading days at NASDAQ Helsinki
preceding the signing date of the binding agreement. The new shares do not
entitle holders to dividends paid during 2014. 



The binding agreement and the change in the fair value of the old investment
properties in October are together estimated to have a positive EUR 0.5 million
impact to the company's result for the fourth quarter. 





Pekka Peiponen

CEO



Pekka Peiponen, CEO, telephone +358 (0)10 420 3104

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



http://www.oravaasuntorahasto.fi/