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 5 JANUARY 2015 AT 5:30 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) 500,000 shares that the company allocated to itself without charge in a directed share issue on 17 December 2014 have been registered into the Trade Register. The company may use the shares 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 issue the total number of shares of the company is 5,706,123 shares.

Pekka Peiponen

CEO

For further information

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

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

http://www.oravaasuntorahasto.fi/