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
Proposals on the Board Composition and Remuneration by Shareholders' Nomination Committee of Sponda
| Source: Sponda Oyj