Correction of the stock market publication in English: Kojamo will assess its strategic options outside the main growth centers

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Kojamo plc Inside information, December 15, 2021 at 2:10 p.m. EET

Correction of the stock market publication in English: Kojamo assess its strategic options outside major growth poles

Kojamo corrects the stock market press release in English published on December 15, 2021 at 1:15 p.m. As it concerns by Kojamo evaluation of its strategic options outside the major growth poles. In the English version of the stock market press release, it was stated that at the end of September 2021 the fair value of by Kojamo investment property was € 7.6 million. The correct number is € 7.6 billion. In the Finnish version of the stock exchange press release, the information was correctly indicated.

The full announcement with corrected information can be found below.

Kojamo assess its strategic options outside major growth poles

According to its strategy, by Kojamo operations are focused on the largest growth centers of Finland. As part of the implementation of its strategy by Kojamo The board of directors has decided to assess the options for investment properties located outside the main growth centers, including potential property disposals.

At the end of September 2021, the fair value of by Kojamo investment property was € 7.6 billion of which 87.7 percent were located in Helsinki, Tampere and Turku Regions. The appraisal focuses on investment properties located outside these areas and may lead to the disposal of up to 3,600 apartments. The assessment process has no effect on the company’s operations in the areas assessed. Should the appraisal lead to the disposal of properties, it will be announced in accordance with the company’s disclosure policy.

For more information please contact

City Raitio, Director of Investments, Kojamo plc, Phone. +358 20 508 3012, [email protected]

Distribution

Nasdaq Helsinki, key media

Kojamo is Finland the largest private residential real estate company and a leader in the housing industry. Our mission is to create better urban housing. The Lumo brand offers environmentally friendly housing and services in Finland biggest growth poles. We are actively developing the value of our investment properties by developing new properties and our existing real estate portfolio. We want to be the leader in the real estate market and the number one choice for our clients. by Kojamo the shares are listed on the official list of Nasdaq Helsinki. For more information, please visit kojamo.fi/en/

https://news.cision.com/kojamo-oyj/r/correction-to-stock-exchange-release-in-english–kojamo-to-evaluate-its-strategic-options-outside-of,c3472869

(c) Decision 2021. All rights reserved., source Press Releases – English


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