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Sitowise Group Plc Stock Exchange Release 8 December 2022 at 9.30 am (EET)

Change in Sitowise's Group Management Team

Teemu Virtanen resigns from his position as business area director of Digital Solutions business area and a member of the group management team at the end of December 2022. CEO Heikki Haasmaa temporarily takes over the business area director’s tasks.

Teemu Virtanen has been in his position since February 2018, after Sitowise bought a company founded by him; Dimenteq Oy specialized in IT services utilizing spatial data.

– Teemu has done a strong job with his team to build a new business area for Sitowise that has tripled its revenue and over doubled the number of employees during the ongoing strategy period. Digital solutions are in the center of Sitowise's strategy, and we see them as huge growth potential. Digitalization brings versatile opportunities for the development of the living environment, both through new services and products, innovations, and the development of existing business. Under Teemu's leadership, we have managed to establish completely new know-how to Sitowise, which enables us to be the thought leaders in the future, says Sitowise CEO Heikki Haasmaa.

The recruitment process for a new business area director has been started.

Additional information:

Heikki Haasmaa, CEO, Sitowise Group Oyj, +358 50 304 7765

Distribution:

Nasdaq Helsinki
Major media
www.sitowise.com

About Sitowise:

Sitowise is a Nordic expert in the built environment and digital solutions. We provide design and consulting services to enable more responsible and smarter urban development as well as smooth transportation.  We operate in three business areas in Finland and Sweden: real estate and buildings, infrastructure, and digital solutions.

We want to raise the bar for intelligence and sustainability, and that is why our vision is to be the most responsible partner in developing thriving and sustainable living environments. Sitowise has grown rapidly and profitably in recent years. The Group’s net sales in 2021 were approximately EUR 179 million and the company employs more than 2,000 experts. Sitowise Group Plc is listed on Nasdaq Helsinki under the trading symbol SITOWS. www.sitowise.com