Kojamo Oyj

Quarterly Report • Nov 3, 2022

Interim Report 1–9/2022

3 November 2022 Jani Nieminen, CEO Erik Hjelt, CFO

Kojamo plc

Agenda

• Financial development
• Outlook, financial targets and dividend policy

Summary of January– September 2022

Kojamo plc`s Interim Report January–September 2022 3

Strong position in an uncertain market situation

• Profitable growth continued and the operative result improved
• Positive turn in the occupancy rate
• Strong balance sheet protects against the impacts of changes in the financial market
• Good liquidity situation and diverse funding sources
• Our financing expenses will not rise in line with increasing interest rates
• We want to ensure the company's strong position in a changing market situation
  • o For the time being, we will not make new investments
  • o We follow actively the market situation

Operating environment

General operating environment

Kojamo plc`s Interim Report January–September 2022

• The outlook of the global economy has been clouded by rapid inflation, the European energy crisis and Russia's continued war of aggression
• Monetary policy has been tightened quickly in the United States and Europe, and uncertainty is continuing in the international financial markets
• Economic growth in Finland was stronger than expected in the first half of the year, and the employment rate has continued to increase. Rising consumer prices, however, will substantially erode household purchasing power, consumption and economic growth for the rest of the year

Industry key figures	2022E	2021
Residential start-ups, units	40,800	47,300
of which non-subsidised block-of-flats	22,200	26,500
start-ups in the capital region	n/a	16,947
Building permits granted, annual, units *	40,597	45,207
Construction costs, change, % **	6.2	10.2
Prices of old block-of-flats in the whole country, change, %	2.5	4.0
Prices of old block-of-flats in the capital region, change, %	1.2-3.5	0.1-6.2
Rents of non-subsidised apartments in the whole country, change, %	1.3	0.8
Rents of non-subsidised apartments in the capital region, change, %	1.0-1.5	0.8
GDP growth, %	1.7	3.0
Unemployment, %	6.6	7.7
Inflation, %	6.5	2.2

• Rolling 12 months, July 2022; ** 2022E: building cost index, September 2022 • Sources: RT's economic survey, autumn 2022; Housing production information of the municipalities in the capital region; Statistics Finland, Building and dwelling production December 2021;Ministery of Finance, Economic Survey, autumn 2022, 19 September 2022 Pellervo Economic Research PPT, Housing 2022 forecast 5

Operating environment

The situation in the rental market has improved

• The pandemic has had a temporary impact on occupancy rates but population growth has picked up again in the capital region
• Rising interest rates will make rental housing relatively more attractive than owner-occupied housing
• Urbanisation, decreasing average household size and demand focusing on central locations support the demand for rental apartments in the long term

Development of household sizes

Kojamo plc`s Interim Report January–September 2022

Population growth forecast 2021–2040, %

Development of rental household-dwelling units (% of all households)

6

* Helsinki, Espoo, Kauniainen, Vantaa ** Capital region, Hyvinkää, Järvenpää, Kerava, Kirkkonummi, Mäntsälä, Nurmijärvi, Pornainen, Porvoo, Riihimäki, Sipoo, Tuusula, Vihti Sources: MDI, Population forecast 2040, September 2022; Urbanisation scenario; Pellervo Economic Research PTT; Development of household sizes and rental household-dwelling units: Statistics Finland, Dwellings and housing conditions 2021; Nordea Asuntomarkkinakatsaus, September 2022

Operating environment

Completed apartments and population Housing production need 2020–2040, % growth in the capital region in 2000–2021 apartments population

Residential start-ups in Finland 2008–2022E Housing production and demand

• The number of granted permits and start-ups in residential construction have decreased this year, and residential construction is expected to decline next year
• The rise in construction costs has levelled off slightly, but problems associated with the availability of construction materials as well increased interest rates and economic uncertainty are weighing down construction activity

Kojamo plc`s Interim Report January–September 2022 7 Sources: Statistics Finland, Population forecast; Housing production information of the municipalities in the capital region; Housing production need: VTT, Need for housing 2020-2040; Confederation of Finnish Construction Industries RT's economic survey, autumn 2022

	Key figures 1–9/2022
total revenue 305.4 M€ (292.0 M€, +4.6%)		net rental income 207.6 M€ (196.7 M€, +5.5%)	funds from operations (FFO) 120.0 (114.5 M€, +4.8%)	M€
fair value of investment properties 8.9 Bn€ (7.6 Bn€, +16.4%)	gross investments 416.5 M€ (258.1 M€, +61.4%)	profit excluding changes in value 1) 137.7 (131.9 M€, +4.4%)	248.6 M€	profit before taxes M€ (616.0 M€, -59.7%)

2,012 apartments under construction

• During the review period, 985 (0) apartments were acquired, 0 (0) sold and 1,100 (820) completed
• During the period, construction of 437 (818) apartments was started

+6.8%

Development of apartment portfolio, units

Apartments under construction, units

9

Strong project pipeline

Kojamo's projects on map

• 2,012 apartments under construction in the Helsinki region, Tampere and Turku
• Co-operation agreements on the construction of about 500 apartments
• Metropolia property development project to create even 1,000 apartments, as six former educational properties will be converted into residential use

Estimate of completions, units***

• Kojamo plc`s Interim Report January–September 2022 10 In addition to pre-agreements with construction companies, Kojamo has projects in planning phase and in its plots reserve, that are excluded in the information presented in here
  • ** Estimate for the year 2022 includes 1,100 apartments that were completed in 1–9/2022
  • *** Apartments that are a part of co-operation agreements, but have been started are listed as 'Under construction'

Lumo One skyscraper was completed in September

Lumo One is the tallest rental apartment building in Finland, with 291 apartments on 31 floors.

On the 29th floor of the building are glazed view terraces, sauna facilities and a common living room for the residents, which also has remote workstations, a kitchen and a party room that can be rented separately.

Residents are also offered e.g. moving, installation and home cleaning services.

The building is located above the shopping center Redi and Kalasatama metro station.

The electricity used in the building is 100% carbon-neutral.

Lumo – Easily best living

Lumo is urban life at its best.

Lumo rental homes offer safe, convenient and environmentally friendly housing paired with the best housing services.

Lumo homes are located in the best areas of Finland's largest cities, close to a wide range of services and good public transport links.

Services of a new customer Services during tenancy Pets are welcome 50-100M broadband included in rent Sustainable interior paints Electricity contract tendering Insurance service Move and installation service Move out cleaning service Key courier service 12 Kojamo plc`s Interim Report January–September 2022

• Lumo real estate management and customer service
• Lumo janitors
• Parcel lockers
• Flexible home swapping
• Versatile events for tenants
• Benefits from partners
• Installation service
• Installation of dishwasher

11

Car-sharing

Financial development

Kojamo plc`s Interim Report January–September 2022 13

Total revenue and net rental income increased

• The growth of property portfolio and rental growth had a positive impact and the decrease of financial occupancy rate in the beginning of the year had a negative impact on the total revenue
• Net rental income increased due to higher total revenue and lower repair costs, but was weakened by higher property maintenance costs
• The increase in energy prices had only a minor effect on the maintenance costs

14

Positive development with profit before taxes and FFO

• Profit before taxes and excluding fair value changes of investment properties increased
• The FFO growth was attributable to the improvement in net rental income

Profit before taxes, M€

Kojamo plc`s Interim Report January–September 2022

Funds From Operations (FFO), M€ and € / share

Funds From Operations (FFO) € / share

* Changes in value = Profit/loss on fair value of investment properties Changes in the total number of Kojamo shares have an impact on relative development of FFO per share since 2018. The formula used in the calculation was changed in 2021 regarding current taxes from disposals. The comparison figures for 2020 have been adjusted to reflect the current calculation method

Financial occupancy rate improved in the third quarter

• Financial occupancy rate at the end of June was 91.5%
• COVID-19 pandemic affected the financial occupancy rate in the first half of the year
• Tenant turnover decreased from last year

Financial occupancy rate, %

Tenant turnover, % excluding internal turnover

Financial occupancy rate = (rental income / potential rental income at full occupancy) * 100. Financial occupancy rate does not include apartments under renovation Tenant turnover = (terminated rental agreements under the period / number of apartments) * 100

Kojamo plc`s Interim Report January–September 2022

Development of Like-for-Like rental income

The past 12 months compared to the previous 12-month period

Development of Like-for-Like rental income as at 30 September 2022

+2.2%

COVID-19 pandemic had a

Investments have proceeded according to plans

• For the time being, we will not make new investment decisions due to the uncertainty in the market
• Ongoing projects will be completed as agreed
• Repairs slightly lower than in the previous year

Gross investments and sales of investment properties, M€

365.2 259.9 371.2 356.9 258.1 416.5 -109.7 -26.0 -4.2 -2.5 -2.4 -1.3 2018 2019 2020 2021 1–9/2021 1–9/2022 Gross investments Sales of investment properties

Modernisation investments and repairs, M€

18

Kojamo plc`s Interim Report January–September 2022

The value of investment properties was EUR 8.9 billion

• The fair value increased especially due to investments and positive development margins

* Investment properties include completed apartments, development projects and land areas as well as investment properties held for sale ** 30 September 2022, 31 December 2021 and 30 September 2021 includes 4 apartments as part of development projects

Kojamo plc`s Interim Report January–September 2022

Plot and real estate development reserve 30 September 2022

			Owned plots and development projects 1
	Apartments under construction	Binding preliminary agreements	Metropolia development project	Others	In total
Investment / actual costs incurred, M€	301.8	-	78.7	60.0	440.5
Cost of completion, M€	192.1	84.9	n/a	n/a	276.9
1,000 fl.sq.m.	n/a	n/a	74	90
Apartments	2,012	465	~1,000	~1,4002	~4,900

93% of plot and real estate development reserve is located in Helsinki region

Kojamo estimates that investments in development projects amount to approximately EUR 270–300 million in 2022

To be completed in Q4/2022

Tenderinlenkki 6, Helsinki

Pyhtäänkorventie 15f, Vantaa

1) The management's estimate of the fair value, building rights of plots and number of apartments 2) The management's estimate, currently approximately 250 apartments in existing residential buildings 20

Equity ratio and Loan to Value (LTV) at a strong level

• Equity ratio and Loan to Value (LTV) strengthened
• Significant buffer to Baa2 rating upper limit

Loan to Value (LTV), %

The share issue improved the equity ratio by 1.6 percentage points

Kojamo plc`s Interim Report January–September 2022

Equity ratio, %

Key figures per share improved year-on-year

• Fair value growth of the investment properties had a positive impact on key figures per share

1) Key figures have been adjusted to reflect the impact of the decision by the Extraordinary General Meeting of Shareholders on 25 May 2018 regarding the share split. In the share split the shareholders received 30 new shares per each existing share

Kojamo plc`s Interim Report January–September 2022

Rising interest rates didn't increase our financial costs due to high hedging ratio and strong financial position

Distribution of the Group's loan maturities, M€

Kojamo plc`s Interim Report January–September 2022

Average interest rate includes interest rate derivatives. 30 September 2022 hedging ratio was 92% and the unused committed credit facilities amounted to EUR 300 million.

37 359 ^{612 648 611 659} 99 372 ^{16 27 69} 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032->

Strategic targets 2020–2023

Key figure	Actual 1–9/2022	Actual 2021	Actual 2020	Target
Annual growth of total revenue, %	4.6	2.0	2.3	4–5
Annual investments, M€	416.5	356.9	371.2	200–400
FFO/total revenue, %	39.3	39.1	39.5	> 36
Loan to Value (LTV), %	39.9	37.7	41.4	< 50
Equity ratio, %	48.7	49.0	45.6	> 40
Net Promoter Score (NPS)*	44	20	36	40

* The calculation method has changed during the review period for example including digital services in calculation. Target and actual for years 2021 and 2020 have not been adjusted to reflect the current calculation method.

Kojamo plc`s Interim Report January–September 2022 24

Outlook, financial targets and dividend policy

Kojamo plc`s Interim Report January–September 2022 25

Outlook for Kojamo in 2022 (specified)

Kojamo estimates that in 2022 the Group's total revenue will increase by 5–6 per cent (previously 4–6 per cent) year-on-year. In addition, Kojamo estimates that the Group's FFO for 2022 will amount to between EUR 156–164 million, excluding non-recurring costs (previously EUR 155–165 million).

The outlook is based on the management's assessment of total revenue, property maintenance costs and repairs, administrative expenses, financial expenses, taxes to be paid and new development to be completed, as well as the management's view on future developments in the operating environment.

The outlook takes into account the estimated occupancy rate and rises in rents as well as the number of apartments to be completed. The outlook does not take into account the impact of potential acquisitions or disposals on total revenue and FFO.

The management can influence total revenue and FFO through the company's business operations. In contrast, the management has no influence over COVID-19 restrictions, market trends, the regulatory environment or the competitive landscape.

Kojamo's objective is to be a stable dividend payer whose annual dividend payment will be at least 60 per cent of FFO, provided that the Group's equity ratio is 40 per cent or more and taking account of the company's financial position.

Dividend history

Per share key figures have been adjusted to reflect the impact of the decision by the Extraordinary General Meeting of Shareholders on 25 May 2018 regarding the share split. In the share split the shareholders received 30 new shares per each existing share

Dividend policy

Stable development continued - total revenue and net rental income as well as FFO increased

The situation in the rental market has improved and our occupancy rate turned to growth

Our balance sheet is strong and liquidity is good. Our hedging ratio is high, and there are no significant financing needs in the near future

Thank you!

Contact details:

CEO Jani Nieminen, tel. +358 20 508 3201

CFO Erik Hjelt, tel. +358 20 508 3225

Group Treasurer, Investor Relations Niina Saarto, tel. +358 20 508 3283

29

www.kojamo.fi

–September 2022

Kojamo plc`s Interim Report January

Kojamo's apartment portfolio

Region	Number of apart ments, units	Number of commercial premises and other leased premises, units	Fair value, (EUR million)	Fair value, (EUR thousand / unit)	Fair value, (EUR / sqm)	Financial occupancy rate, %3)	Share of revenue, %
Helsinki region	23,795	426	6,420	265	4,892	90.1	66
Tampere region	3,899	112	644	161	3,132	96.7	9
Turku region	2,047	25	318	153	2,840	95.7	5
Others	9,242	148	954	102	1,927	93.9	20
Total	38,983	711	8,3371)	210	3,923	91.7	100
Others			5202)
Total portfolio	38,983	711	8,857			91.7	100

Apartment distribution, %

Kojamo plc`s Interim Report January–September 2022 31 1) The figures reflect income-generating portfolio assets, which excludes ongoing projects, plots owned by the company and ownership of certain assets through shares 2) Fair value of ongoing projects, plots owned by the company and ownership of certain assets through shares and IFRS 16 right-of-use assets 3) Financial occupancy rate does not include commercial premises and other leased premises

Strategic focal points 2020–2023

Renewal through digital solutions The most competent personnel and a dynamic place to work Responsibility and sustainable development Strong growth Operational excellence Delivering the best customer experience We offer easy and effortless services for our customers and create added value through services We seek profitable growth with multi-channel approach and optimised financing structure We create competitiveness and profitability through industryleading operating models Responsibility is a part of our DNA and plays important role in the work of everyone at Kojamo We improve our business and create added value to our customers by taking advantage of solutions enabled by digitalisation We are known for dynamic and effective corporate culture. We ensure our future competitiveness through competence development and employee experience

Our Digital Roadmap will guide us from today to year 2023 according to our strategy

Customer experience and servitisation

Scalability of operations, employee experience

Digitalisation of properties and services

Knowledge-based management and AI

Enabling technology and IT architecture

NPS 61 Digital services

82% My Lumo user coverage

As at 30 September 2022

Kojamo plc`s Interim Report January–September 2022

Sustainability programme guides our sustainability work from 2021 onwards

STRATEGIC FOCAL POINT 2020–2023: RESPONSIBILITY AND SUSTAINABLE DEVELOPMENT

We create better urban housing

Our sustainability work is proceeding

• As a part of our action plan aimed at zero emissions for our properties by 2030, we made decisions on geothermal heating investments in the beginning of the year. Geothermal heating will be installed at seven of our properties
• We started a pilot project that adheres to the principles of Green Deal demolition. The old shopping centre in Puotila was demolished and will be replaced with apartments and business premises. The planning of our second Green Deal pilot project in Espoo has started
• We continued to work throughout our entire value chain to combat climate change by launching two responsibility-related Lumo services: carbon-free district heating and a carbon footprint test

We commit to complying with the UN Sustainable Development Goals

We aim to use carbon-neutral energy in our properties by 2030

Kojamo plc`s Interim Report January–September 2022 1) Consists of new development projects involving Kojamo's own plot reserve

2) The personnel survey was renewed in 2021, the results are not comparable with previous years

Sustainability is visible in our every day life

Sustainable cities

We commit to complying with the UN Sustainable Development Goals and to use carbon-neutral energy in our properties by 2030

100% of Kojamo's premises are WWF Green Office certified

100% of properties use water certfified property electricity

28,000 apartments' indoor temperature controlled by IoT solution

-3.5% heating index (kWh/m³ )

-20.6% carbon footprint (kg CO2e/ apartment)

40% waste recycle rate

our goal to improve energy consumption during 2017– 2025 -7.5% of which we have achieved 100%*

Investments to improve energy efficiency are a part of Kojamo's repairs and modernisation investments

The most competent personnel and a dynamic place to work

100% Coverage of performance appraisals of personnel

61% of personnel are women

95 occupational safety index

The best customer experience

20 Net Promoter Score

Shared cars available for our tenants

A responsible corporate citizen

Anti-grey economy models exceed legislative requirements

7,035 indirect employment effect (person years)

~104 tax footprint, EUR million

0 data protection violations or deviations

150

grants to support the physical activity and sports of youth and families with children living in Lumo homes

All figures represent the situation at the end 2021 unless otherwise stated * = In line with VAETS II programme, at the end of 2021, estimate Kojamo plc`s Interim Report January–September 2022 38

Sustainability commitments and reporting

Our sustainability commitments

We aim to use carbonneutral energy in our properties by 2030

We commit to complying with the UN Sustainable Development Goals

We commit to improve our energy efficiency by 7.5% during 2017–2025

Our sustainability reporting and recognitions

77/100

We participated the global GRESB sustainability assessment

We apply EPRA's Sustainability Best Practice Recommendations in our reporting

Our sustainability report is in accordance with GRI Core level

Kojamo's ten largest shareholders (as at 30 September 2022)

Number of Shareholder shares % of shares Nominee-registered and direct foreign 132,429,507 53.6 shareholders Ilmarinen Mutual Pension Insurance 1. 20,537,814 8.3 Company Varma Mutual Pension Insurance 2. 19,362,375 7.8 Company 3. The Finnish Industrial Union 16,506,142 6.7 4. Trade Union of Education in Finland 11,814,417 4.8 5. Finnish Construction Trade Union 8,208,609 3.3 6. Trade Union PRO 4,904,150 2.0 7. Service Union United PAM 4,794,622 1.9 Trade Union for the Public and Welfare 8. 4,700,000 1.9 Sectors 9. Elo Mutual Pension Insurance Company 2,945,000 1.2 10. The State Pension Fund of Finland 1,700,000 0.7 Other Finnish shareholders 19,241,763 7.8 Total 247,144,399 100.0

Development of the number of the shareholders

Flagging notifications exceeding flagging threshold

Shareholder	Transaction announced	Threshold	Ownership according to flagging
Heimstaden Bostad AB	28 Feb 2022	15%	15.00%

Source: Euroclear Finland

	7–9/2022	7–9/2021	Change, %	1–9/2022	1–9/2021	Change, %	2021
Total revenue, M€	105.4	98.1	7.5	305.4	292.0	4.6	391.7
Net rental income, M€	78.2	72.2	8.2	207.6	196.7	5.5	262.3
Net rental income margin, %	74.1	73.6		68.0	67.4		67.0
Profit before taxes, M€	90.8	69.3	31.0	248.6	616.0	-59.7	1,278.9
Gross investments, M€	78.1	81.6	-4.3	416.5	258.1	61.4	356.9
Funds From Operations (FFO), M€	48.6	45.0	8.0	120.0	114.5	4.8	153.1
FFO per share, €	0.20	0.18	11.1	0.49	0.46	6.5	0.62
Financial occupancy rate, %				91.7	94.0		93.9
Fair value of investment properties, Bn€				8.9	7.6	16.4	8.3
Number of apartments				38,983	36,484		36,897
Number of apartments under construction				2,012	2,624		2,675
EPRA NRV per share, €				22.63	19.32	17.1	22.04
Equity ratio, %				48.7	46.2		49.0
Loan to Value (LTV), %				39.9	41.0		37.7

Consolidated income statement

M€	7–9/2022	7–9/2021	1–9/2022	1–9/2021	2021
Total revenue	105.4	98.1	305.4	292.0	391.7
Maintenance expenses	-19.5	-17.8	-76.2	-71.8	-96.9
Repair expenses	-7.7	-8.1	-21.6	-23.5	-32.4
Net rental income	78.2	72.2	207.6	196.7	262.3
Administrative expenses	-9.8	-8.2	-29.7	-27.4	-37.3
Other operating income and expenses	1.0	1.3	1.9	2.5	3.9
Profit/loss on sales of investment properties	-	-	0.2	0.3	0.3
Profit/loss on sales of trading properties	0.0	-	0.0	-	-
Profit/loss on fair value of investment properties	35.8	17.9	110.9	484.1	1,105.7
Depreciation, amortisation and impairment losses	-0.3	-0.3	-0.9	-0.9	-1.2
Operating profit	104.8	82.9	290.1	655.4	1,333.7
Total amount of financial income and expenses	-14.0	-13.6	-41.5	-39.4	-54.9
Share of result from associated companies	-	-	-	-	0.1
Profit before taxes	90.8	69.3	248.6	616.0	1,278.9
Current tax expense	-5.4	-6.3	-14.5	-15.4	-18.8
Change in deferred taxes	-12.8	-7.6	-35.1	-107.6	-236.7
Profit for the period	72.6	55.4	199.0	493.1	1,023.4

M€	30 Sep 2022	30 Sep 2021	31 Dec 2021
ASSETS
Non -current assets
Intangible assets	0.9	0.5	0.8
Investment properties	8,857.1	7,605.6	8,326.4
Property, plant and equipment	28.4	28.7	28.8
Investments in associated companies	1.6	1.1	1.5
Financial assets	0.7	0.7	0.7
Non -current receivables	6.8	7.8	6.9
Derivatives	50.6	0.0	-
Deferred tax assets	2.6	13.3	10.1
Total non -current assets	8,948.6	7,657.8	8,375.2
Non -current assets held for sale	-	1.1	1.1
Current assets
Trading properties	0.1	0.1	0.1
Derivatives	1.0	1.7	0.4
Current tax assets	2.6	7.8	5.2
Trade and other receivables	11.7	13.8	8.9
Financial assets	108.3	152.9	128.8
Cash and cash equivalents	53.2	232.8	197.0
Total current assets	176.9	409.1	340.5
TOTAL ASSETS	9,125.5	8,068.1	8,716.8

Balance sheet

M€	30 Sep 2022	30 Sep 2021	31 Dec 2021
EQUITY AND LIABILITIES
Equity attributable to shareholders of the parent company
Share capital	58.0	58.0	58.0
Share issue premium	35.8	35.8	35.8
Fair value reserve	40.2	-37.7	-31.0
Invested non-restricted equity reserve	164.4	164.4	164.4
Retained earnings	4,140.4	3,505.8	4,036.0
Equity attributable to shareholders of the parent company	4,438.8	3,726.4	4,263.3
Total equity	4,438.8	3,726.4	4,263.3
Non-current liabilities
Loans and borrowings	3,388.7	3,190.5	3,234.8
Deferred tax liabilities	1,026.5	853.5	981.0
Derivatives	2.8	57.1	47.9
Provisions	0.3	0.4	0.4
Other non-current liabilities	5.1	5.1	5.1
Total non-current liabilities	4,423.3	4,106.5	4,269.3
Current liabilities
Loans and borrowings	194.2	160.6	99.7
Derivatives	0.0	0.5	0.3
Current tax liabilities	3.3	9.1	5.5
Trade and other payables	65.9	64.8	78.7
Total current liabilities	263.3	235.2	184.2
Total liabilities	4,686.7	4,341.7	4,453.5
TOTAL EQUITY AND LIABILITIES	9,125.5	8,068.1	8,716.8

Financial key figures

	30 Sep 2022	30 Jun 2022	31 Mar 2022	31 Dec 2021	30 Sep 2021
Equity ratio, %	48.7	47.9	46.9	49.0	46.2
Interest cover	3.9	3.9	4.0	4.0	4.0
Loan to Value (LTV), %	39.9	40.5	37.4	37.7	41.0
Hedging ratio, %	92	91	93	92	92
Average interest rate, % ¹⁾	1.7	1.7	1.8	1.8	1.8
Average loan maturity, years	3.7	3.9	4.1	4.3	4.5
Average interest rate fixing period, years	3.5	3.7	4.0	4.2	4.4

¹⁾ Includes interest rate derivates

Important information

This presentation shall not constitute an offer to sell or the solicitation of an offer to buy securitites in any jurisdiction. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision.

This presentation includes forward-looking statements, which include statements regarding the Kojamo's business strategy, operating and financial targets, financial condition, profitability, results of operations and market data, as well as other statements that are not historical facts. Words such as "believe," "anticipate," "plan," "expect," "target," "estimate," "project," "predict," "forecast," "guideline," "should," "aim," "continue," "could," "guidance," "may," "potential," "will," as well as similar expressions and the negative of such expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying these statements. By their nature, forwardlooking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. Undue reliance should not be placed on these forward-looking statements. Except for any ongoing disclosure obligation as required by applicable law, Kojamo does not have any intention or obligation to publicly update or revise any forward-looking statements, whether to reflect any future events or circumstances or otherwise.