Kojamo Oyj — Capital/Financing Update 2021

May 28, 2021

Kojamo plc has completed the issue of EUR 350 million green bond under its EMTN programme

Kojamo plc has completed the issue of EUR 350 million green bond under its EMTN programme

Kojamo plc Stock Exchange Release 28 May 2021, at 3:25 p.m. EEST

Kojamo plc has completed the issue of EUR 350 million green bond under its EMTN
programme

NOT FOR PUBLISHING OR DISTRIBUTION, WHETHER IN WHOLE OR IN PART, EITHER DIRECTLY
OR INDIRECTLY IN THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW
ZEALAND, SINGAPORE, SOUTH AFRICA, OR IN ANY OTHER COUNTRIES WHERE PUBLICATION OR
DISTRIBUTION WOULD BE AGAINST THE LAW

Kojamo plc has today completed the issue of its EUR 350 million senior unsecured
green notes (the “Notes”) under its EMTN programme. The maturity of the euro
-denominated Notes is 8 years, and the maturity date is 28 May 2029. The Notes
carry a fixed annual coupon of 0.875 per cent.

The Notes are issued under Kojamo plc's EUR 2,500,000,000 EMTN programme dated
23 March 2021 and supplemented on 13 May 2021. The base prospectus and its
supplement are available in English on the company's website at
https://kojamo.fi/en/investors/financial-information/financing-and-bonds/emtn
-programme/. The Notes have been admitted to the official list of Euronext
Dublin and to trading on the regulated market in question. This is the first
green bond issued by the company.

The proceeds of the issuance of the Notes will be used by Kojamo plc for the
financing or refinancing investments that promote energy efficiency of buildings
in accordance with the company’s Green Finance Framework. The Framework is
available on the company’s website at https://kojamo.fi/en/investors/financial
-information/financing-and-bonds/green-financing/.

Danske Bank A/S, Deutsche Bank AG, Nordea Bank Abp, and Swedbank AB (publ) acted
as joint bookrunners.

Helsinki, 28 May 2021

KOJAMO PLC

For further information, please contact:

Erik Hjelt, CFO, Kojamo plc, tel. +358 20 508 3225

Niina Saarto, Group Treasurer Kojamo plc, tel. +358 20 508 3283

Distribution:

Nasdaq Helsinki, Euronext Dublin, key media

Kojamo is Finland’s largest private residential real estate company and a
frontrunner in the housing business. Our mission is to create better urban
housing. The Lumo brand provides environmentally-friendly housing and services
in Finland’s biggest growth centres. We actively develop the value of our
investment properties by developing new properties and our existing property
portfolio. We want to be the property market frontrunner and the number one
choice for our customers. Kojamo’s shares are listed on the official list of
Nasdaq Helsinki. For more information, please visit kojamo.fi/en/

Disclaimer

This release is for information purposes only and is not to be construed as an
offer to purchase or sell or a solicitation of an offer to purchase or sell with
respect to any securities of Kojamo plc ("Kojamo"), including the Notes (as
defined above), to any person in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The distribution of this release and the
related material concerning the issuance of EUR 350 million notes (the "Notes")
may, in certain jurisdictions, be restricted by law. No actions have been taken
to register or qualify the Notes, or otherwise to permit a public offering of
the Notes, in any jurisdiction. Any offering material or documentation related
to the Notes may be received only in compliance with applicable exemptions or
restrictions. Persons into whose possession this release or any such offering
material or documentation may come are required to inform themselves of and
observe all such restrictions. This release and any such offering material or
documentation may not be distributed or published in any country or jurisdiction
if to do so would constitute a violation of the relevant laws of such
jurisdiction or would require actions under the laws of a state or jurisdiction.
In particular this release and any such offering material or documentation may
not be distributed in the United States, Australia, Canada, Hong Kong, Japan,
New Zealand, Singapore, South Africa or any other jurisdiction in which it would
not be permissible to offer the Notes and this release and any related material
concerning the issuance of the Notes may not be sent to any person in the
beforementioned jurisdictions. Neither Kojamo, the joint bookrunners appointed
with respect to the Notes, nor their representatives accept any legal
responsibility for any violation by any person, whether or not the persons
contemplating investing in or divesting Kojamo's securities including the Notes
are aware of such restrictions.

The Notes have not been and will not be registered under the U.S. Securities Act
of 1933 (the “Securities Act”), or under the securities laws of any state or
other jurisdiction of the United States. The Notes may not be offered, sold,
pledged or otherwise transferred directly or indirectly within the United States
or to, or for the account or benefit of, U.S. Persons (as such term is defined
in Regulation S under the Securities Act.

This announcement is not directed at retail clients in the European Economic
Area (“EEA”) or in the United Kingdom (the “UK”). The Notes are not intended to
be offered, sold or otherwise made available to and should not be offered, sold
or otherwise made available to any retail investor in the EEA or in the UK. For
these purposes, a retail investor in the EEA means a person who is one (or more)
of: (i) a retail client as defined in point (11) of Article 4(1) of Directive
2014/65/EU (as amended, “MiFID II”); or (ii) a customer within the meaning of
Directive (EU) 2016/97, where that customer would not qualify as a professional
client as defined in point (10) of Article 4(1) of MiFID II, and a retail
investor in the UK means a person who is one (or more) of: (i) a retail client,
as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms
part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the
"EUWA"); or (ii) a customer within the meaning of the provisions of the
Financial Services and Markets Act 2000, as amended (the "FSMA") and any rules
or regulations made under the FSMA to implement Directive (EU) 2016/97, where
that customer would not qualify as a professional client, as defined in point
(8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic
law by virtue of the EUWA; or (iii) not a qualified investor as defined in
Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by
virtue of the EUWA. Consequently no key information document required by
Regulation (EU) No 1286/2014 (the “PRIIPs Regulation”) or by Regulation (EU) No
1286/2014 as it forms part of domestic law by virtue of the EUWA (the "UK PRIIPs
Regulation") for offering or selling the Notes or otherwise making them
available to retail investors in the EEA or in the UK has been prepared and
therefore offering or selling the Notes or otherwise making them available to
any retail investor in the EEA or in the UK may be unlawful under the PRIIPs
Regulation and/or the UK PRIIPS Regulation.

Solely for the purposes of each manufacturer’s product approval process, the
target market assessment in respect of the Notes has led to the conclusion that:
(i) the target market for the Notes is eligible counterparties and professional
clients only, each as defined in MiFID II; and (ii) all channels for
distribution of the Notes to eligible counterparties and professional clients
are appropriate. Any person subsequently offering, selling or recommending the
Notes (a “distributor”) should take into consideration the manufacturers’ target
market assessment; however, a distributor subject to MiFID II is responsible for
undertaking its own target market assessment in respect of the Notes (by either
adopting or refining the manufacturers’ target market assessment) and
determining appropriate distribution channels.

The information provided in this release and any offer materials relating to the
Notes are addressed to and directed only at persons in the United Kingdom (a)
that have professional experience in matters relating to investments falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") or, (b) falling within Article 49(2)(a) to
(d) ("high net worth companies, unincorporated associations etc.") of the Order,
or (c) to whom this announcement may otherwise be directed without contravention
of Section 21 of the FSMA or (d) to whom this announcement may otherwise be
lawfully communicated (all such persons together being referred to as "relevant
persons"). This release is directed only at relevant persons and any person who
is not a relevant person must not act or rely on this document or any of its
contents.