Savosolar PlcCompany Announcement                   19 October 2018 at 1.45 p.m. (CEST) Savosolar appoints Raul Ikonen as CFOSavosolar Plc. has appointedRaul Ikonen,M.Sc. (Econ.) (born 1969) asCFOand a member of the Executive Management Team. Ikonen is an experienced financial...

Savosolar Plc
Company Announcement                   19 October 2018 at 1.45 p.m. (CEST)

Savosolar appoints Raul Ikonen as CFO

Savosolar Plc. has appointed Raul Ikonen, M.Sc. (Econ.) (born 1969) as CFO and a member of the Executive Management Team. Ikonen is an experienced financial management professional, who has worked e.g. in KPMG and in several country units of UPM. He was 12 years at UPM (China) Ltd. in Shanghai, where his latest position was Vice President of Finance.

Jari Varjotie, CEO of Savosolar, commented: "Raul has wide experience in different finance management positions and tasks from operative reporting to strategic matters. I believe that his experience from China will also be important for us. I wish Raul warmly welcome, and I am very happy that we get him as a new member of our growth-oriented team."

Raul will start on his new position on 1^st of November, 2018. Since our current CFO Nalle Stenman is moving to another company at the end of November, we can accomplish the transfer of the tasks the best possible way.

SAVOSOLAR PLC.

For more information:

Savosolar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: [email protected]

This company announcement contains information that Savosolar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 19 October 2018 at 1.45 p.m. (CEST).

Savosolar in brief

Savosolar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company's collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savosolar helps its customers to produce competitive clean energy. Savosolar's vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems - market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savosolar is known as the most innovative company in the business and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savosolar's shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.com.

The company's Certified Adviser is Augment Partners AB, phone: +46 8-505 65 172.

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