Sponda Plc Stock Exchange Announcement 31 January 2008, 2:30 pm PROPOSALS ON THE BOARD COMPOSITION AND REMUNERATION BY SHAREHOLDERS' NOMINATION COMMITTEE OF SPONDA In its meeting, the Shareholders' Nomination Committee of Sponda has decided to propose to the Annual General Meeting to be held 19 March 2008 that the Board will continue to consist of six members. The Nomination Committee further propose that, in accordance with consents received, Tuula Entelä, Timo Korvenpää, Lauri Ratia and Arja Talma to be re-elected for the Board of Directors and that Klaus Cawén and Erkki Virtanen be elected as the new members of the Board of Directors. Furthermore, the Nomination Committee has decided to propose that the remuneration to the members of the Board of Directors would be as follows: Monthly fee, Meeting fee, Euros Euros Chairman 5.000 600 Deputy Chairman 3.000 600 Other Board members 2.600 600 The Board of Directors will incorporate the proposals into the Annual General meeting notice which will be published later. For further information, please contact: Pekka Timonen, Chairman of the Shareholders' Nomination Committee, Tel. +358 9 1602 3000 Sponda Plc Kari Inkinen President and CEO
Proposals on the Board composition and remuneration by shareholders' Nomination Committee of Sponda
| Source: Sponda Oyj