Elite Asset Management Plc withdraws its indicative non-binding offer made to Orava Residential REIT Plc

Elite Asset Management Plc, Company Announcement, 12 October 2017, 12:00 (EET)

Elite Asset Management Plc withdraws its indicative non-binding offer made to Orava Residential REIT Plc

Elite Asset Management Plc ("Elite") withdraws its indicative non-binding offer according to which Orava Residential REIT Plc would have been transferred to a non-UCITS fund ('ESR') managed by Elite's subsidiary.

Elite announced the indicative offer in the Company Announcements on 20 September 2017 and 22 September 2017.

ELITE ASSET MANAGEMENT PLC
Board of Directors

Further information:
Elite Asset Management Plc

Daniel Pasternack, CEO
+358 50 569 3416
daniel.pasternack@elitevarainhoito.fi

Kari Juurakko, Chairman of the Board
+358 50 582 7411
kari.juurakko@elitevarainhoito.fi

Certified Advisor Merasco Oy
Telephone: +358 9 6129 670

Elite Asset Management Plc is a profitable and growing investment service company offering versatile and high-quality asset management services for both consumer and professional investors. Elite Asset Management Plc is listed on the First North Finland market maintained by NASDAQ Helsinki (Helsinki Exchanges). Elite Asset Management Plc is the parent company of the Elite Group (Elite). Elite's customer base consists of individuals and corporations that the company serves nationwide in 14 different locations. The first company belonging to the current Elite Group was founded in 2000. Elite employs 105 investment professionals and over 40 tied agents. On behalf of its clients, the company manages assets of approximately EUR 3 billion in total. Check out Elite's services at www.elitevarainhoito.fi.

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