United Bankers Plc
STOCK EXCHANGE RELEASE
8 March 2024 at 14.00 EET

The sale of the forest properties of United Bankers' UB Nordic Forest Fund II LP has been completed

The sale of the forest properties of UB Nordic Forest Fund II LP, as announced on 4 March 2024, has been completed today. MEAG, an asset management company of the Munich Re Group, acted on behalf of the buyer, its Group client, in the transaction. In practice, the transaction was carried out by the buyer acquiring all partnership interests of the limited partnership fund. Upon closing of the transaction, the buyer paid a total purchase price of approximately EUR 166 million to the sellers. UB Nordic Forest Management Ltd records a performance fee of approximately EUR 18 million for the transaction, of which over EUR 10 million will be booked in United Bankers' operating profit for 2024.

After the transaction, United Bankers is the fourth largest private forest owner in Finland through its forest funds, and the area of forest properties owned by its funds is approximately 133,000 hectares in total. United Bankers will still continue investing in forests through three funds: UB Nordic Forest Fund III LP and UB Nordic Forest Fund IV LP, as well as UB Timberland Fund (AIF), of which the latter two are open to investors.

Additional information:

Patrick Anderson, CEO, United Bankers Plc
Email:patrick.anderson@unitedbankers.fi
Telephone: +358 400 244 544, +358 9 25 380236

Jyri Hietala, CEO, UB Nordic Forest Management Ltd
Email:jyri.hietala@unitedbankers.fi
Telephone: +358 40359 3566, +358 9 25 380358

Investor Relations: ir@unitedbankers.fi

United Bankers in brief:

United Bankers Plc is a Finnish expert on wealth management and investment markets, established in 1986. United Bankers Group's business segments include wealth management and capital markets services. In asset management, the Group specialises in real asset investments. United Bankers Plc is majority-owned by its key personnel and the Group employs 160 employees (FTE) and 31 agents (31 December 2023). In 2023, the United Bankers Group's revenue totalled EUR 52.1 million and its adjusted operating profit amounted to EUR 16.9 million. The Group's assets under management amount to approximately EUR 4.6 billion (31 December 2023). United Bankers Plc's shares are listed on Nasdaq Helsinki Ltd. The Group companies are subject to the Finnish Financial Supervisory Authority's supervision. For further information on United Bankers Group, please visit www.unitedbankers.fi (https://unitedbankers.fi/en/oyj/konserni).

DISTRIBUTION:

Nasdaq Helsinki

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www.unitedbankers.fi (http://unitedbankers.fi/en/oyj/sijoittajat)