Partnera Reduces Its Holdings in Soumen Hoivatilat

Finland — Suomen Hoivatilat has received notice that Hoivatilat's largest shareholder Partnera Oy has through its subsidiaries Nurture Property Holding Oy and Nurture Real Estate Holding Oy (together "Partnera") agreed to sell 3,767,012 shares in the Company to a new Finnish limited company to be incorporated, the shares and votes of which will be held 50 percent by Kusinkapital Ab or a company controlled by it and 50 percent by Föreningen Konstsamfundet r.f. The shares sold represent approximately 14.81

2018-11-26

Hoivatilat understands that the transaction is expected to be settled by 12 December 2018.

Partnera made its current investment in Hoivatilat in 2015 prior to the Company's IPO.

"Having been a shareholder of Hoivatilat through the phase of significant growth and development into a stock exchange listed company, we have now, after carefully reviewing the alternatives for our holding, found a solid new owner who can support the Company's future growth," comments Partnera Oy's CEO Jari Pirkola.

After the transaction announced today, Partnera Oy will own 3.93 percent of the shares in Suomen Hoivatilat Oyj.

"We have followed the Company since its IPO and our aim as long-term investors is to support the growth of the Company within its current business areas, schools and international projects" comment Paul Hartwall, the CEO of Kusinkapital Ab and Stefan Björkman, the CEO of Föreningen Konstsamfundet rf.

Axel Ohlsson

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