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2019-04-12 10:45 CEST
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Savosolar appoints Heikki Timonen as CFO

Savosolar Plc
Company Announcement       12 April 2019 at 10.45 a.m. (CEST)

Savosolar appoints Heikki Timonen as CFO

Savosolar Plc has appointed Heikki Timonen, M.Sc. (Econ.) (born 1967) as CFO and a member of the Executive Management Team. Timonen has extensive experience in financial management since 1996. Before joining Savosolar, he worked as CFO at Serres Group.

Jari Varjotie, CEO of Savosolar, commented: "Heikki has extensive experience in various financial management and internal efficiency development tasks. I believe that his experience and expertise will greatly benefit Savosolar's development in growth and profitability. I wish Heikki warmly welcome and I am very pleased to get him on board to strengthen Savosolar's growth-oriented team. "

Heikki starts in his new position on April 12, 2019. Our former CFO, Raul Ikonen, will start as Savosolar Plc's Country Manager in China from the beginning of May.

SAVOSOLAR PLC

For more information:

Savosolar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: jari.varjotie@savosolar.com

Savosolar Plc discloses the information provided herein pursuant to the Market Abuse Regulation ((EU) No 596/2014, "MAR"). The information was submitted for publication by the aforementioned person on 12 April 2019 at 10.45 a.m. (CEST).

About Savosolar

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, info@augment.se, phone: +46 8-505 65 172.

HUG#2241556