SATO Oyj - Decisions of general meeting

Resolutions taken by the annual general meeting of SATO Corporation

SATO Corporation, Decisions of general meeting, 8th March 2017 at 1:40 pm

Adoption of financial statements and discharge from liability
On 8 March 2017 the Annual General Meeting of SATO Corporation adopted the
company's financial statements for the financial year of 1 January to 31
December 2016 and discharged the members of the Board of Directors and the
President and CEO from liability for the 2016 financial year.

Board of Directors
A resolution was made to set the number of members of the Board of Directors of
SATO Corporation at seven.

The Annual General Meeting elected Erik Selin to serve as Chairman of the Board.
Members Marcus Hansson, Jukka Hienonen, Esa Lager, Tarja Pääkkönen and Timo
Stenius were re-elected to the Board, and Hans Spikker was elected to the Board
as a new member.

Auditor
KPMG Oy Ab, a firm of authorised public accountants, was re-elected auditor.

Dividend distribution
The Annual General Meeting decided that SATO Corporation will not distribute any
dividend for year 2016.


For more information please contact:

Saku Sipola, President and CEO, phone +358 201 34 4001 or +358 40 551 5953
Markku Honkasalo, CFO, phone +358 201 34 4226 and +358 50 598 8728

www.sato.fi/en



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. SATO holds roughly 25,300 apartments 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 2016 were €318.0 million, operating profit €267.2
million and profit before taxes €219.4 million. SATO's investment properties
have a value of roughly €3.4 billion.

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