SRV GROUP PLC           STOCK EXCHANGE RELEASE           24 JULY 2023          AT 11:00 EEST

Tero Karislahti has been appointed as SRV Group Plc's Senior Vice President, Regional Units

Tero Karislahti, MSc. (Tech.), 40 years old, has been appointed as SRV Group Plc's Senior Vice President, Regional Units and a member of the Corporate Executive Team, effective no later than 1 July 2024. Until then, Hannu Lokka, SRV's Executive Vice President, Strategic Project Development, and a member of the Corporate Executive Team, is responsible for the Regional Units.

Karislahti has held management positions at different YIT Corporation units for a long time, including Vice President responsible for operations in Häme and Uusimaa. Most recently, he has served as Lehto Group Plc's Executive Vice President, Housing and a member of its Executive Board.

"The regional construction units - Inland Finland, Southwest Finland and Northern Finland - play a major role in the development of SRV's growth and profitability. Tero has robust and diverse experience in the construction industry, particularly in housing construction - stepping up our operations in this area is one of the company's focus areas as the housing market recovers," says Saku Sipola, President & CEO of SRV.

"It's great to be able to take responsibility for SRV's regional units and get to work on not only housing construction projects, but also business construction," says Tero Karislahti. "I believe that collaborative projects will become more common going forward - SRV is strong in them. The company's position is interesting in other ways, too. We'll be able to develop our business on a solid foundation, even though the market currently still poses challenges."

For further information, please contact:
Saku Sipola, President & CEO, tel. +358 (0)40 551 5953, saku.sipola@srv.fi 

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SRV in brief

SRV is a Finnish developer and innovator in the construction industry. We are building a more sustainable and responsible urban environment that fosters economic value and takes the wellbeing of both the environment and people into consideration. We call this approach lifecycle wisdom. Our genuine engagement and enthusiasm for our work comes across in every encounter - and listening is one of our most important ways of working. We believe that the only way to change the world is through discussion.

Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in Finland. In 2022, our revenue totalled EUR 770.1 million. In addition to approximately 1,000 in-house staff, we have a network of around 3,600 partners.

SRV - Building for life