Sponda Plc Stock Exchange Release 5 January 2007, 11.35 am Decision of the Extraordinary General Meeting of Sponda Plc The Extraordinary General Meeting of Sponda Plc was held today in Helsinki. The General Meeting authorized the Board of Directors to decide on a new issue, raising EUR 250 million at maximum, in which the shareholders will have a pre- emptive right to subscribe for new shares in proportion to their current shareholding in the Company. A maximum of 79,307,275 new shares, with a nominal value of one (1) euro, may be issued based on the authorization. The Board of Directors was authorized to decide on other terms of the share issue. The authorization gives the right to decide on offering the shares not subscribed for, if any, secondarily to investors and/or to the joint global coordinators of the share issue through a private placement. The General Meeting decided that the share issue authorization granted to the Board on 5 January 2007 would not cancel the authorization granted by the General Meeting of 29 March 2006 to the Board to surrender shares in the Company but this previous authorization would remain in force until 29 March 2007, at the latest. The Board of Directors proposed the share issue authorization to the General Meeting in order to finance the acquisition of Kapiteeli Plc by Sponda Plc on 14 December 2006. The acquisition is financed with a short-term credit facility which is to be partly repaid with the proceedings from the new issue. Helsinki, 5 January 2007 Sponda Plc The Board of Directors Further information: President and Chief Executive Officer Kari Inkinen, tel. +358 9 6805 8202 or +358 400 402 653 Chief Financial Officer Robert Öhman, tel. +358 9 6805 8206 or +358 40 540 0741