Proposals on the Board composition and remuneration by shareholders' Nomination Committee of Sponda

| Source: Sponda Oyj Sponda Oyj 

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