Orava Asuntorahasto Oyj - Decisions of general meeting

Decisions of the Extraordinary General Meeting of Orava Residential Reit Plc

Orava Residential REIT plc

Stock Exchange Release on 18 December 2017 at 2:20 pm

DECISIONS OF THE EXTRAORDINARY GENERAL MEETING OF ORAVA RESIDENTIAL REIT PLC

The Extraordinary General Meeting of Orava Residential REIT plc was held in Helsinki on 18 December 2017.

Cancellation of the of the share issue authorisation

The Extraordinary General Meeting decided to cancel the share issue authorisation and authorisation to issue option rights and other special rights entitling to shares to the Board of Directors granted on the Annual General Meeting on 22 March 2017.

Election of the Board of Directors

The Extraordiary General Meeting decided to discharge the current Members of the Board of Directors. The number of members of the Board of Directors was confirmed as five. Taina Ahvenjärvi, Petri Kovalainen, Tapani Rautiainen, Eljas Repo and Petri Roininen were elected as new members. The term of the Board of Directors starts immediately after the Extraordinary General Meeting and closes at the end of the Annual General Meeting following the election.

Orava Residential REIT plc

Additional information:

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

Veli Matti Salmenkylä, CFO and administrative director, tel. +358 (0)10 420 3102