Orava Asuntorahasto Oyj - Company Announcement

FINANCIAL SUPERVISORY AUTHORITY HAS APPROVED THE LISTING PROSPECTUS OF ORAVA RESIDENTIAL REIT PLC

Orava Residential REIT plc

Stock Exchange Release 8 July 2016, at 4:00 p.m.


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA OR THE UNITED
STATES. 



FINANCIAL SUPERVISORY AUTHORITY HAS APPROVED THE LISTING PROSPECTUS OF ORAVA
RESIDENTIAL REIT PLC 

Orava Residential REIT plc (the “Company”) allocated a total of 930.000 new
shares (the “Offer Shares”, ISIN code FI4000197942, trading symbol OREITN0116)
to itself without charge in a directed share issue on 5 July 2016.  Shares with
the trading code OREITN0116 do not entitle holders to dividends paid during the
year 2016, but do entitle holders to dividends paid during the year 2017 and
any dividends thereafter. The Financial Supervisory Authority has on 6 July
2016 approved the listing prospectus of the Offer shares to be admitted to
trading on Nasdaq Helsinki Ltd (The Helsinki Stock Exchange). 

5 July 2016 The Board of the Company also decided to cancel 679,052 shares
(ISIN code FI4000068614, trading symbol OREIT) in its possession. Shares with
the trading code OREIT entitle holders to dividends paid during the year 2016
and thereafter. 

After the registration of the Offer Shares and cancellation of shares to the
Trade Register the number of the shares of the Company increases with 250,948
shares from 9,406,619 shares to 9,657,567 shares. 

In the listing prospectus the Company renews its estimation given on 18 May
2016 and estimates that it has reasonably good prerequisites for maintaining
good profitability in 2016 and achieving the targeted total return of 10 per
cent on shareholders' equity. The change in the value of the current apartments
in the investment portfolio is expected to become slightly positive during the
current year. The gross and net rental yields are estimated to remain
approximately at the level of last year. The result impact of the acquisition
of properties in euros is expected to remain in the size category of the year
2015. In addition no material change is expected to take place in the
maintenance and repair costs in relation to the value of investment properties
with regard to last year. 

The listing prospectus is available (only in Finnish) starting from 8 July 2016
in the Company's office Fabianinkatu 14 B, 00100 Helsinki, Finland, from the
reception of Helsinki Stock Exchange, address Fabianinkatu 14, 00100 Helsinki,
Finland and from the Company's website
www.oravaasuntorahasto.fi/talousinformaatio. 

The Offer Shares have been registered in the Trade Register on 8 July 2016. The
Offer Shares have been issued and recorded to the book-entry system maintained
by Euroclear Finland Ltd  also on 8 July 2016. The Offer Shares have been
applied to be admitted to trading on the Helsinki Stock Exchange on 11 July
2016 together with the other shares of the Company. 

Orava Residential REIT plc

Board of Directors



Information

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

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

http://www.oravaasuntorahasto.fi/