Sponda Plc Press release 23 October 2007 9:10 Sponda to design shopping centre in Vaasa The city government of Vaasa has chosen property investment company Sponda Plc from three candidates to be its partner in developing the shopping centre that is planned to replace the disused bus station in Vaasa. The goal is for Sponda and the City of Vaasa to design and plan the piece of land for the shopping centre together. After the planning process, Sponda and the city will decide on the sale of the piece of land being planned. It is hoped to obtain building rights of about 40,000 m² for the land as well as parking space for 1000 cars. The shopping will be completed at the earliest in 2010. Sponda's partners in drawing up the initial proposal were SRV Yhtiöt, Laatio Architects Ltd and commercial consultant Centrumutveckling Håkan Karlsson Ab. Sponda Plc Further information: Joni Mikkola, Senior Vice President, Property Development, tel. +358 20-431 3483 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.