SATO Oyj - Decisions of extraordinary general meeting

Decisions from SATO Corporation's Extraordinary General Meeting

Helsinki, Finland, 2014-10-23 09:43 CEST (GLOBE NEWSWIRE) -- SATO Corporation,
Stock Exchange Release, 23 October 2014 at 10.43 pm (EET) 

SATO Corporation's extraordinary general meeting, on 23 October 2014, decided
to confirm the number of SATO Corporation Board members as eight. 

In addition, the general meeting decided to elect one additional Board member,
starting from 23 October 2014. Andrea Attisani, Senior Portfolio Manager,
Strategic Real Estate Europe for APG Asset Management, was elected as a member.
He is independent of the company and not independent of the main shareholders. 

Other Board members will continue in their posts: Juha Laaksonen as Chair of
the Board, Esa Lager as Deputy Chair, and Timo Hukka, Vesa Immonen, Tarja
Pääkkönen, Niina Rajakoski and Ilkka Tomperi as members of the Board. 


Additional information:
Juha Laaksonen, Chairman of the Board, tel. +358 50 452 4519
Erkka Valkila, President & CEO, tel. +358 201 34 4001 and +358 50 62 050

www.sato.fi

SATO is one of Finland's leading corporate investors in housing. SATO's aim is
to offer comprehensive alternatives in rental housing and an excellent customer
experience. SATO owns a total of approximately 24,000 rental apartments in the
largest Finnish urban 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 2013 were €311.5 million, operating profit €178.3
million and profit before taxes €140.8 million. SATO's investment properties
are valued at €2.4 billion.