Ministry of Finance exercises property purchase rights related to Kapiteeli transaction

Sponda Plc                     Stock Exchange Release 31 January 2007, 4.45 pm




Ministry of Finance exercises property purchase rights related to Kapiteeli
transaction


The agreement reached by the Finnish government and Sponda Plc on the acquisition
of Kapiteeli Plc also confers on the Finnish government the right to repurchase
certain land sites intended for residential development. The Ministry of Finance
has today informed Sponda that it intends to exercise this right.

The Ministry of Finance announces that the Finnish government will exercise its
repurchasing right with respect to two land sites, with an aggregate area of 58
hectares, in the Hakuninmaa and Honkasuo districts of Helsinki. The Ministry also
announces that the Finnish government will not exercise its repurchasing right
with respect to the land sites in Vantaa and Jyväskylä itself but will indicate
as the purchasers of these sites the local governments that have announced their
willingness to exercise the government's repurchasing right.

The sites in question have a total sales price of EUR 67.3 million. The
transactions will have no impact on Sponda's result. In all cases the agreements
will be signed by the end of February. Selling these sites is part of Sponda's
strategy to sell certain property assets for EUR 300-500 million in order to
refinance the loan raised to finance the Kapiteeli acquisition.



Sponda Plc


Further information: Kari Inkinen, President and CEO, GSM: +358 (0)400-402 653
                     Erik Hjelt, SVP Legal Affairs, GSM: +358 (0)400-472 313





Sponda Plc is a real estate company specializing in commercial properties mainly
in the Helsinki metropolitan area. Sponda's business concept is to own, lease and
develop office, retail and logistics properties into environments that promote
the business success of its clients. The fair value of Sponda's investment
properties is approximately EUR 2.9 billion euros and the leasable area is around
2 million m². Sponda is the largest real estate investment company listed on the
Helsinki Stock Exchange.