Keilaniemen kiinteistökehitys Oy hereby gives notice of mandatory repurchase of its EUR 100,000,000 senior secured fixed rate notes

To: The Noteholders, Nordic Trustee Oy acting as Agent and Danske Bank A/S, Finland Branch acting as Issuing Agent (each as defined in the Terms and Conditions (as defined below))

Date: 13 March 2020

We refer to the EUR 100,000,000 senior secured fixed rate notes with ISIN FI4000327408 (the “Notes”) issued by Keilaniemen kiinteistökehitys Oy (the “Issuer”) and to the terms and conditions of the Notes dated 31 May 2018 (the “Terms and Conditions”).

Capitalised terms defined in the Terms and Conditions shall have the same meaning herein unless otherwise defined.

The Issuer shall complete the sale of all the shares owned by it in Kiinteistö Oy Keilaniemen Torni (business ID 3006861-2) including real estates and parcels owned by Kiinteistö Oy Keilaniemen Torni and buildings located on such real estates and parcels. Such sale includes the assets constituting the Keilaniemi Tower and the Issuer shall receive a cash consideration in an amount sufficient to repurchase all Notes together with accrued but unpaid Interest and all other sums payable in accordance with Clause 8.5 of the Terms and Conditions. Therefore, in accordance with the Terms and Conditions, such sale constitutes a Trade Sale.

Subject to the occurrence of the Trade Sale described above and contemplated to occur today on 13 March 2020, a notice is hereby given to the Noteholders, Nordic Trustee Oy acting as Agent and Danske Bank A/S, Finland Branch acting as Issuing Agent pursuant to clause 8.5.2 and 10.1.2 of the Terms and Conditions, that the Issuer shall repurchase all Notes on 18 March 2020 (the “Redemption Date”), at a price per Note equal to 103 per cent. of the Nominal Amount together with accrued but unpaid Interest up to (but excluding) the Redemption Date.