Sponda Plc increases holding in Ovenia Oy Sponda, the real estate investment company, has increased its holding in Ovenia Oy, which provides property management services, from 51 per cent to 70 per cent. Sponda has purchased Ovenia shares from Varma Mutual Pension Insurance Company, Kaleva Mutual Insurance Company and Sampo Life Insurance Company Limited. Sponda intends to further develop and expand Ovenia's business in the future. In addition, the owners of Ovenia investigate the possibility to expand the company's ownership base. The current owners of Ovenia are Sponda Plc, Varma Mutual Pension Insurance Company, Sampo plc and Sampo Life Insurance Company Limited. Sponda Plc Further information: President and CEO Kari Inkinen, tel. +358 20-431 3311. Sponda Plc Sponda Plc is a real estate company specializing in commercial properties in the largest cities in Finland and in Russia. 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 2.3 billion euros and the leasable area is around 1.3 million m². Sponda is the largest real estate investment company listed on the Helsinki Stock Exchange. Ovenia Oy Ovenia Oy offers property management services for its customers. The company is concentrated in operative management of property portfolios: property management and leasing services. Ovenia manages altogether 5,5 million sqm of property in Finland. The company had a net turnover of EUR 8 million in 2006 employs approximately 90 people in Helsinki, Lahti, Turku, Tampere, Jyväskylä, Vaasa, Kuopio and Oulu.