Elite Asset Management Plc: Changes in Executive G

Elite Asset Management Plc, Company Announcement, 9 October 2017, 4:20 p.m. (EET)

Elite Asset Management Plc: Changes in Executive Group

The Board of Elite Asset Management Plc has decided to complement the Executive Group of Elite Asset Management Group on 9 October 2017 as follows:

The Executive Group will be complemented with Business Area Head Arto Niemenpää and Head of Administration and HR Taavi Rissanen. Arto Niemenpää will be responsible for newly established Premium Customers Business Area. Taavi Rissanen's responsibility will cover Group Human Resources and Operations.

In addition, the Extended Executive Group will be complemented with Head of Legal and Compliance Pia Hidén, who is responsible for Group's legal and regulation actions.

The Executive Group as whole works underneath CEO Daniel Pasternack.

ELITE ASSET MANAGEMENT PLC Board of Directors

Further information: Elite Asset Management Plc

Daniel Pasternack, CEO +358 50 569 3416 daniel.pasternack@elitevarainhoito.fi

Kari Juurakko, Chairman of the Board +358 50 582 7411 kari.juurakko@elitevarainhoito.fi

Certified Advisor Merasco Oy Telephone: +358 9 6129 670

Elite Asset Management Plc is a profitable and growing investment service company offering versatile and high-quality asset management services for both consumer and professional investors. Elite Asset Management Plc is listed on the First North Finland market maintained by NASDAQ Helsinki (Helsinki Exchanges). Elite Asset Management Plc is the parent company of the Elite Group (Elite). Elite's customer base consists of individuals and corporations that the company serves nationwide in 14 different locations. The first company belonging to the current Elite Group was founded in 2000. Elite employs 105 investment professionals and over 40 tied agents. On behalf of its clients, the company manages assets of approximately EUR 3 billion in total. Check out Elite's services at www.elitevarainhoito.fi.

DISTRIBUTION: NASDAQ Helsinki Oy The main news media www.elitevarainhoito.fi