Lehto Group Oyj

Board/Management Information • Aug 19, 2019

Disclosure 374102

Lehto Group Oyj - Changes board/management/auditors

Lehto Group Plc: Changes in Lehto Group Plc’s executive board

Lehto Group Plc Stock exchange release 19 August, 2019 at 8.00 a.m. The composition of Lehto Group Plc’s Executive Board will change as of 19 August 2019. MSc, Mr Toni Kankare, 40, has been appointed as Chief Commercial Officer and as a member of Lehto Group’s executive board as of 19 August, 2019. Mr Kankare has over 15 years of experience in the real estate and construction industry, most recently as SRV Group Plc's Project Development Director. Pekka Korkala, Executive Vice President, Factory Production, will resign at his own request and will transfer to another company as of September 1, 2019. As his successor will start M.Sc, Mr Jukka Haapalainen, 44, as of 19 August 2019. Mr Haapalainen has nearly 20 years of experience in versatile and demanding industrial development and management roles. Most recently he has worked for Nestor Cables Oy and Eastman Chemical Company. "Pekka Korkala has worked at Lehto in an important position in terms of our strategy. We would like to thank him for the significant development of Lehto's industrial manufacturing", says CEO Hannu Lehto. The executive board of Lehto Group Plc at August 19, 2019 consist of: Hannu Lehto, CEO Veli-Pekka Paloranta, Chief Financial Officer Juha Höyhtyä, Executive Vice President, Housing Jaakko Heikkilä, Executive Vice President, Business Premises Ville Kettunen, Executive Vice President, Social Care and Educational Premises Timo Reiniluoto, Executive Vice President, Business Support Services Arto Tolonen, Chief Development Officer Kaarle Törrönen, Executive Vice President, Human Resources Toni Kankare, Chief Commercial Officer Jukka Haapalainen, Executive Vice President, Industrial manufacturing Further information: Hannu Lehto CEO Lehto Group Plc +358 500 280 448 hannu.lehto@lehto.fi Lehto Group PLC: Lehto is fast growing construction and real estate group. We operate in four service areas: Business Premises, Housing and Social Care and Educational Premises. We are the innovator and pioneer of the construction sector. Our economically driven operating model makes construction more profitable, ensures the quality of construction and brings significant time and cost savings to the customer. We employed around 1,500 people. Our net sales for 2018 amounted to EUR 721.5 million.