Proposals on the Board Composition and Remuneration by Shareholders' Nomination Committee of Sponda

Sponda Plc   Stock Exchange Announcement 1 February 2007, 1:35 pm






PROPOSALS ON THE BOARD COMPOSITION AND REMUNERATION BY SHAREHOLDERS' NOMINATION
COMMITTEE OF SPONDA

In its meeting, the Shareholders' Nomination Committee of Sponda has decided to
propose to the Annual General Meeting to be held 4 April 2007 that the Board will
continue to consist of six members. The Nomination Committee further propose
that, in accordance with consents received, Tuula Entelä, Timo Korvenpää, Harri
Pynnä and Jarmo Väisänen to be re-elected for the Board of Directors and that
Lauri Ratia and Arja Talma be elected as the new members of the Board of
Directors.

Furthermore, the Nomination Committee has decided to propose that the
remuneration to the members of the Board of Directors would be as follows:


                               Monthly fee,        Meeting fee,
                               Euros               Euros
Chairman                       5.000               500
Deputy Chairman                3.000               500
Other Board members            2.600               500


The Board of Directors will incorporate the proposals into the Annual General
meeting notice which will be published later.


For further information, please contact: Ilpo Nuutinen, Chairman of the
Shareholders' Nomination Committee, Tel. +358 9 1603 4947

Sponda Plc



Kari Inkinen
President and CEO