SATO Oyj - Company Announcement

SATO Corporation announces the signing of eur 400 million syndicated credit facilities

SATO Corporation, Company Announcement, 15th June 2016 at 11.55 am

SATO Corporation has signed new EUR 400 million committed Unsecured Credit
Facilities on 14th June 2016. The Facilities comprise two separate tranches: a
EUR 200,000,000 5-year Revolving Credit Facility and a EUR 200,000,000 3-year
Revolving Credit Facility, both with two one-year extension options.

The Facilities will be used for refinancing of existing bilateral facilities and
general corporate purposes.


SATO's CFO Esa Neuvonen:

-This successful arrangement significantly improves SATO's liquidity position
and helps to better manage the group's refinancing risk. In addition, the
transaction underlines our strong relationship with the core banks supporting
SATO group's growth ambitions.

Nordea acted as sole co-ordinating bookrunner and is the facility agent. The
rest of the syndicate group consists of Danske Bank, Handelsbanken, OP Corporate
Bank Plc and Swedbank.



For more information, please contact:

SATO Corporation

CFO Esa Neuvonen, tel. +358 40 5001 003
Group Treasurer Janne Runsamo, tel. +358 45 6713 567



www.sato.fi


SATO is one of Finland's leading rental housing providers. SATO's aim is to
offer comprehensive alternatives in rental housing and an excellent customer
experience. All told, SATO holds roughly 23,400 rental homes in Finland's
largest growth centres and in St Petersburg.

In our operations, we promote sustainable development and initiative-taking, and
work in open interaction with our stakeholders to create added value. We operate
profitably and with a long-term view. We increase the value of our housing
property through investments, divestments and repair work.

SATO Group's net sales in 2015 were €323.4 million, operating profit €196.5
million and profit before taxes €159.4 million. SATO's investment properties
have a value of roughly €2.8 billion.




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