Pihlajalinna Oyj - Company Announcement

Pihlajalinna Plc: Temporary legislation that restricts municipalities' investments and outsourcing in health and social services comes to force on 1 July 2016

Pihlajalinna Plc Stock Exchange Release, 1 July 2016 at 9.15 (EEST)

Temporary legislation that restricts municipalities' investments and outsourcing
in health and social services comes to force on 1 July 2016

Municipalities' and joint municipal authorities' large and long-term outsourcing
projects and major investments in health and social services will be restricted
through fixed-term legislation. The legislation comes to force on 1 July 2016.


During the temporary legislation a termination clause must be included in the
large and long-term agreements. According to the clause the future organizer of
the services, the counties, have the right to terminate the agreement according
to the criteria based on the legislation. The proposed legislation does not
restrict municipalities and joint municipal authority's possibility to sign
agreements as long as they are responsible for organizing the services. The
service agreement can also be continued if the county considers it appropriate.



Further information:

Press release of the Ministry of Social affairs and Health: http://goo.gl/i7qern

Terhi Kivinen, SVP, Communications, Marketing and IR, Pihlajalinna Plc,
+358 40 848 4001, terhi.kivinen@pihlajalinna.fi

Distribution

Nasdaq Helsinki Oy

Major media

investors.pihlajalinna-konserni.fi



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