Sponda Plc Stock Exchange Release 16 February 2007, 1.40 pm (EET) Sponda sells properties for approx. EUR 402 million Finnish real estate investment company Sponda Plc has today signed a binding agreement to sell shares in certain real estate companies, real estate properties and land sites to investment vehicles indirectly owned and controlled by two real estate investment funds, the Whitehall Street Real Estate Funds and Niam Nordic Investment Fund III, for approximately EUR 402 million. Sponda will record a profit of approximately EUR 15 million on the divestment. The deal covers 43 investment properties as well as almost all the Sales Properties portfolio that Sponda gained through the Kapiteeli acquisition. The transaction is scheduled to be completed by the end of March. The bulk of the properties to be sold are properties and land sites located outside Finland's largest cities that are outside Sponda's strategic focus, as well as certain investment properties in Turku, Tampere and Oulu. The disposal is part of Sponda's strategy to sell non-core property assets for EUR 300-500 million in order to refinance part of the short-term credit raised to finance the Kapiteeli acquisition. Sponda is responsible for managing the sold property portfolio. Kari Inkinen, President and CEO of Sponda Plc: "We are delighted to have signed the agreement as the transaction supports Sponda's strategy to concentrate in the largest cities in Finland. Our property management business is also strengthened as a result of the deal". "We are very happy to enter into this transaction together with the Whitehall Funds, our long-standing partner," says Johan Bergman, Managing Director at the Swedish private equity firm Niam. "This acquisition is another cornerstone of the portfolio we are building in Finland, which we see as one of our home-markets." Sponda Plc Further information: Kari Inkinen, President and CEO, Sponda Plc, tel. +358 9 6805 8202, +358 400 402 653 Johan Bergman, Managing Director, Niam, tel. +46 8 5175 8595, +46 8 708 244 095 Felicia Wipp, Communication Manager, Niam, tel. +46 8 5175 8529, +46 8 708 44 30 29 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 2.6 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 Whitehall Street Real Estate Funds, established in 1991, are a series of real estate investment funds sponsored and managed by the Goldman Sachs Group, Inc. and its affiliates. The Whitehall Street Real Estate Funds invest in real estate and real estate related assets, principally through the acquisition of real estate companies, real property and mortgage loans. Investments span across various product and investment types, including retail, hospitality, office, and residential, with interests in real-estate portfolios, non-performing loans and corporate restructurings. Niam Nordic Investment Fund III is a fund managed by Niam, the leading private equity firm in Northern Europe specialising in property. Niam offer financial investors a high return via investments in funds that in turn invest in all types of properties. The funds are raised and managed on a discretionary basis. Since the company was founded in 1998, properties with a total value of E3.9 billion have been acquired by Niam's funds or in association with international real estate funds. Today, Niam has owner responsibility for properties valued at E2 billion. Niam Nordic Investment Fund III is one of the largest property funds in Northern Europe.