THE SHARES SUBSCRIBED IN ORAVA RESIDENTIAL REIT’S DIRECTED SHARE ISSUE HAVE BEEN REGISTERED INTO THE TRADE REGISTER

Orava Residential Real Estate Investment Trust plc

STOCK EXCHANGE RELEASE 1 DECEMBER 2014 AT 5:15 PM

THE SHARES SUBSCRIBED IN ORAVA RESIDENTIAL REIT’S DIRECTED SHARE ISSUE HAVE BEEN REGISTERED INTO THE TRADE REGISTER

Orava Residential Real Estate Investment Trust plc’s (Orava Residential REIT) 80,000 new shares, that the company allocated itself without charge in a directed share issue, on 6 November 2014 have been registered into the Trade Register. The company may use the shares company allocated itself for strengthening its capital structure, developing its business operations and widening its ownership base by both acquiring investment properties and issuing convertible bonds. After the issues the total number of shares of the company is 5,088,123 shares.

Orava Residential REIT has filed a listing application concerning the above mentioned shares. The shares will be subject to trading on 3 December 2014. The trading code of the new shares on the Helsinki Stock Exchange main list is OREITN0114. The new shares do not entitle holders to dividends paid during 2014.

Pekka Peiponen

CEO

Information

Pekka Peiponen, CEO, telephone +358 (0)10 420 3104

Veli Matti Salmenkylä, CFO, telephone +358 (0)10 420 3102

http://www.oravaasuntorahasto.fi/