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2016-05-09

SATO Oyj: Antti Asteljoki appointed SATO Vice President

SATO Corporation, Company Announcement, 9th May 2016 at 2:00 pm

SATO has appointedAntti Asteljoki
, MSc (Econ), 42, as Vice President for Housing Business as from 16 May. He
will be responsible for home rental, maintenance and life-cycle management as
well as customer service and the operations of regional units. He will report
to President and CEOSaku Sipola
.

Asteljoki joins SATO following almost four years as the CEO of Huoneistokeskus
Oy. Prior to that he had served as Area Director with RTK-Palvelu Oy and
Kiinteistömaailma and Sales Director, Property Services, with
Lassila&Tikanoja.

SATO's President and CEO Saku Sipola:

- We're bringing the customer experience strongly to the core of our
operations alongside careful property management. Throughout his career,
Antti has had a strong commercial approach as well as diverse experience in
service business development and property maintenance. Antti will contribute
his strong vision to our service development and be an excellent fit to
SATO's team of professionals.

For more information please contact:
SATO Corporation
Saku Sipola, President and CEO, phone +358 40 551 5953

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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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SATO Oyj via Globenewswire

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