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SRV sells two high-rise apartment houses to Sato in Vallikallio

SRV Group Plc and Sato Plc have signed an agreement concerning the sale of two
high-rise apartment houses in Valliokallio district in Espoo. The agreement
includes two high-rise apartment houses with 74 apartments. The total floor
area is 4628.5 square metres. 

The construction of the first house will start in June, and the second in early 

There is a third housing company in the same block with two houses, which were  
completed in spring.                                                            

- In present market situation, the sale of the houses to Sato ensures the       
construction of the whole block. Sato will get ownership of top-end rental      
apartments in speedy schedule and SRV can release equity, says Juha-Veikko      
Nikulainen, Executive Vice President, SRV Housing.                              

Each apartment has a sauna and glazed balconies. The apartments are the same    
standard as privately financed owner-occupied apartments. The enclosed courtyard
is pleasant and auto free. Both houses have parking spaces in the basement.     
The finalisation of the transaction requires the consent of The Housing Finance
and Development Centre of Finland (ARA) by using the government 10-year
interest subsidy. 

SRV Group Plc                                                                   
Eero Heliövaara                                                                 
President and CEO                                                               

Further information:                                                            
Juha-Veikko Nikulainen, Executive Vice President, Housing, tel. +358 201        
455 301                                                                         

Nasdaq OMX Helsinki                                                             
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