SRV Yhtiöt Oyj - Inside information

INSIDE INFORMATION: Lawsuits filed against SRV Group Plc's subsidiary SRV Construction Ltd relating to fire in Palokka, Jyväskylä, in 2020

SRV GROUP PLC    INSIDE INFORMATION    17 JULY 2024   AT 12:30 EEST


INSIDE INFORMATION: Lawsuits filed against SRV Group Plc's subsidiary SRV
Construction Ltd relating to fire in Palokka, Jyväskylä, in 2020

Lawsuits have been filed against SRV Construction Ltd, a subsidiary of SRV Group
Plc, in the District Court of Central Finland, relating to the fire of the
apartment building in Palokka, Jyväskylä, that took place in 2020. The apartment
building is built by SRV. The total amount of lawsuits initiated by clients of
the project and insurance companies is around 8 million euros.

The company does not agree with the lawsuits. Based on external legal
assessments, there are strong grounds for rejecting the lawsuits. SRV has built
the apartment building as a turnkey project according to the plans made by the
clients of the project, and the reason behind the 2020 fire and its spreading
has been the building's inadequate plans.

SRV has currently no information on the schedule for handling the lawsuits.

For further information, please contact:
Miia Eloranta, SVP, Communications and Marketing, tel. +358 (0)50 441 4221,
miia.eloranta@srv.fi

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Nasdaq Helsinki

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SRV in brief

SRV is a Finnish developer and innovator in the construction industry. We are
building a more sustainable and responsible urban environment that fosters
economic value and takes the wellbeing of both the environment and people into
consideration. We call this approach lifecycle wisdom. Our genuine engagement
and enthusiasm for our work comes across in every encounter - and listening is
one of our most important ways of working. We believe that the only way to
change the world is through discussion.

Our company, established in 1987, is listed on the Helsinki Stock Exchange. We
operate in growth centres in Finland. In 2023, our revenue totalled EUR 610
million. In addition to approximately 800 in-house staff, we had a network of
around 3,300 partners.

SRV - Building for life