Sponda Plc Stock Exchange Release 5 February 2007 at 3.20 pm Not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Japan or the United States. Preliminary result of the rights issue of Sponda The subscription period in the rights issue of Sponda Plc ended on 2 February 2007. According to the preliminary result, approximately 31.6 million shares were subscribed for in the offering equalling approximately 99.5 percent of all the shares offered. Approximately 5,200 investors participated in the offering. Sponda and the joint global coordinators of the offering have today entered into an agreement regarding the placement of the approximately 160,000 shares left unsubscribed for in the offering. Based on the agreement, the joint global coordinators will seek to procure purchasers for these shares with the aim of completing such potential sale as soon as practicable. The joint global coordinators shall pay the net proceeds of any such sale (proceeds from the sale of any remaining offer shares less the subscription price of 7.80 euros per share, the fees of the joint global coordinators, any transfer tax and other costs) to the holders of the unexercised rights that had entitled the holders thereof to subscribe for such remaining offer shares. It is expected that the net proceeds will be paid on or about 13 February 2007. The interim shares, representing the shares subscribed for in the offering, commenced trading today on the Helsinki Stock Exchange. The increase in the share capital based on the offering will be registered with the Finnish Trade Register and the interim shares will be combined with Sponda's existing shares on 9 February 2007. Sponda will publish the final results of the rights issue on or about 6 February 2007, following the approval of the subscriptions by the Board of Directors. Helsinki, February 5, 2007 Sponda Oyj Further information: Kari Inkinen, President and CEO, Sponda Plc, tel. +358 (0)9 6805 8202, +358 (0)400-402 653 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 2.8 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. The information contained herein is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Japan or the United States. This release does not constitute an offer to sell subscription rights or shares in Australia, Japan, Canada or the United States (save for exemption regarding the private placement). The shares referred to in the release may only be offered or sold in the United States pursuant to an exemption from registration requirements as provided for in the U.S. Securities Act of 1933, or in a transaction not subject to the U.S. Securities Act of 1933 or any applicable laws of the states of the United States. There is no intention to register this offering or any portion of it in the United States or to conduct a public offering of the shares in the United States. This release does not constitute a direct or indirect offer to sell or acquire securities, nor shall there be any sale of the shares in any jurisdiction in which such offer or sale would be unlawful prior to registration of the shares, exemption from registration requirement or other qualification under the securities laws of any such jurisdiction. This release does not constitute an offer of securities to the public in the United Kingdom. No offering circular has been or will be registered in the United Kingdom in respect of the securities, and consequently, the offering is directed only to persons who (i) are outside the United Kingdom or (ii) are persons falling within Article 19(5) ("investment professionals") of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together being referred to as "relevant persons"). This release or any of its contents must not be acted on or relied on by persons who are not relevant persons. Merrill Lynch International and Nordea are acting for Sponda and for no-one else in connection with the offering and will not be responsible to anyone other than Sponda for providing the protections afforded to the respective clients of Merrill Lynch or Nordea nor for providing any advice in relation to the offering.