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Investor Presentaiton

Housing market in Finland • • . • • The accelerated economic growth has boosted the Finnish housing market in growth centers The low rate environment has also supported the demand in housing market The high supply of new properties in growth centers continued. This trend is starting to slow down The sparsely populated areas have not experienced similar pattern The rise of house prices in Finland has been moderate compared to the Nordic neighbors. No fear of overheating Price development of old dwellings in blocks of flats in Helsinki Metropolitan Area, index 2015=100 26 26 115 Helsinki Espoo Vantaa 110 105 100 95 2015 2016 2017 2018* *Preliminary data for the year 2018 Sources: Statistics Finland and Pellervo Economic Research PPT ÀLANDSBANKEN
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