Sponda Plc Press Release 31 October 2007 at 15:00 Sponda to redevelop office property into hotel in Kamppi, Helsinki Real estate investment company Sponda Plc and Palace Kämp Hotellit Oy have signed a long-term lease for Koy Vanhajämerä, which is located in the Kamppi district of Helsinki at Lönnrotinkatu 27. The property of 4,400 square metres, which formerly housed offices, will be redeveloped for hotel use. Palace Kämp Hotellit Oy will combine the property with its Hotel Linna in the same block. The redevelopment, which will start at the beginning of 2008, will be completed in spring 2009. The work will affect the inside of the building but not the facade. The street level retail premises in the property will also be unchanged. Sponda Plc Further information: Ossi Hynynen, Senior Vice President, Office and Retail Premises Tel. +358 20 431 3314, +358 400-701 030 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.