TECHNOPOLIS PLC STOCK EXCHANGE RELEASE 17.4.2008 at 9.00 a.m. TECHNOPOLIS'S REGISTRATION DOCUMENT APPROVED BY THE FINNISH FINANCIAL SUPERVISION AUTHORITY The Finnish Financial Supervision Authority has on 14 April 2008 approved Technopolis Plc's (the ”Company”) registration document which complies with the Finnish Securities Market Act and contains information on the Company, its business operations and its financial condition (the ”Registration Document”). The Registration Document is valid for a period of up to 12 months following its publication. This Registration Document is available as of today, 17 April 2008, for a period of its validity in the Finnish language at the website of the Company at www.technopolis.fi, Sijoittajille. In addition, printed Registration Document is available in the Finnish and in English languages at the office of the Company at Technopolis Plc, Elektroniikkatie 8, FI-90570 Oulu, Finland as well as at OMX Way, the service point of OMX Nordic Exchange Helsinki Ltd. at Fabianinkatu 14, FI-00100 Helsinki, Finland. The Registration Document comprises, among other things, the below information which has not been disclosed by the Company before. In order to ease the comprehension of the financial information, the information presented as per 31 March 2008 is accompanied by the information on the reference period of 31 March 2007, which the Company has already disclosed earlier. Respectively, the financial information presented as per 29 February 2008 is accompanied by the information on the reference period of 31 December 2007, which the Company has also disclosed earlier. 1) On 31 March 2008, the Technopolis Group's financial occupancy rate was 96.8 per cent (94.5 per cent on 31 March 2007). 2) During the 12-month period of 1 April 2008 - 31 March 2009, the agreements effective until further notice included in the lease portfolio that can be terminated and renegotiated will cover an area of 218,000 allocated square meters (50 per cent of the total allocated square meters in the Company's properties), representing 60 per cent of the Technopolis Group's estimated rental income during the 12-month period of 1 April 2008 - 31 March 2009. The periods of notice for these agreements are as follows: three months or less for 25 per cent of the agreements, more than three months and less than six months for 51 per cent of the agreements, six to nine months for 16 per cent of the agreements and more than nine months for 8 per cent of the agreements. 3) Of the long-term interest-bearing debts, on 29 February 2008 30.5 per cent were pegged to a fixed interest rate (34.8 per cent on 31 December 2007) and 69.5 per cent were pegged to a 3-12 month variable rate (65.2 per cent on 31 December 2007). The weighted credit period for the remaining principal of the loans on 29 February 2008 was 11.1 years (11.1 years on 31 December 2007). 4) The net rental income percentage of the Company's properties available for comparison on 31 March 2008 was 7.3 per cent, whereas it was 7.7 per cent on 31 March 2007. 5) Stage five of the Helsinki-Vantaa technology center is scheduled for completion in November 2008 and its occupancy rate is currently 17 per cent. 6) First stage of the Company's technology center in Ruoholahti, Helsinki will be commissioned in August 2008 and its current occupancy rate is 63 per cent. 7) The estimated time of completion of the third stage of the Company's technology center in Kontinkangas, Oulu is in August 2008 and the forth stage in September 2008. Both the third and the fourth stage have been completely leased out. 8) The Company's Hermia 12 property located in Tampere was completed in February 2008 and it has been completely leased out. 9) First stage of the Company's Lappeenranta City project will be completed for the use of customers in April-May 2008. 98 per cent of the first stage has been leased out. 10) In accordance with the letter of intent signed between the Company and the City of St. Petersburg on 7 October 2005, the City of St. Petersburg examined the possibility of arranging a plot of land for Technopolis for the purpose of technology center business in the Neudorf district on the western side of central St. Petersburg. In November 2005, the area was approved under so-called SEZ (Special Economic Zone) legislation, one of six such areas in Russia. Technopolis and the City of St. Petersburg also began preparations for an investment agreement for the project. Preparations have been delayed by legislative and administrative interpretations concerning the SEZ. As Technopolis's other projects have moved ahead, the Company's resources have been focused on developing Pulkovo and Nevsky Centre in St. Petersburg. Although it is uncertain whether the SEZ project will go ahead as originally planned, this has no effect on the progression of the construction project of the Pulkovo technology center or the development of Nevsky Centre. 11) On 29 February 2008, the Group's equity ratio was 34.4 per cent (39.0 per cent on 31 December 2007). The Group's net gearing was 165.5 per cent at the same time (133.6 per cent on 31 December 2007). 12) On 29 February 2008, Technopolis's interest-bearing debt totaled EUR 350.3 million (EUR 277.9 million on 31 December 2007). The average interest rate of the Company's interest-bearing liabilities at the end of February 2008 was 4.78 per cent (4.82 per cent on 31 December 2007). 13) On 29 February 2008, the sum of commercial paper issued by the Company was EUR 32.8 million (EUR 35.2 million on 31 December 2007). 14) On 14 April 2008, the Company's unused credit limits amounted roughly to EUR 105.7 million (EUR 55 million on 31 December 2007). The Company has option to use a limit of EUR 15 million relating to an account with overdraft facility. The Company also had roughly EUR 57.2 million available under its commercial paper program on 29 February 2008 (EUR 54.8 million on 31 December 2007). 15) The value of the Technopolis Group's lease portfolio on 31 March 2008 was roughly EUR 120.4 million. 16) The Company's net profit for the period of 1 January - 29 February 2008 was EUR 2.34 million. 17) The market value of the Company's investment property portfolio as of 31 March 2008 totaled EUR 549.0 million. The increase in the market value of the investment properties was due to the investment properties of the acquired Technopolis Kuopio Oy (formerly Kuopion Teknologiakeskus Teknia Oy), the acquisition of the plot in Yliopistonrinne in Tampere and the completion of the Hermia 12 property as well as the value adjustments of investment properties. On 31 March 2008, the market value of the Company's investment property portfolio is distributed regionally as follows: Oulu 38.8 per cent, Helsinki Capital Area 24.7 per cent, Jyväskylä 12.0 per cent, Kuopio 11.8 per cent, Tampere 5.9 per cent, Lappeenranta 4.8 per cent and St. Petersburg 1.8 per cent. Oulu, April 17, 2008 TECHNOPOLIS PLC Pertti Huuskonen President and CEO For further information, please contact: Pertti Huuskonen, tel. +358 (0)8 551 3213 or +358 (0)400 680 816 Distribution: OMX Nordic Exchange Helsinki Main news media www.technopolis.fi
TECHNOPOLIS'S REGISTRATION DOCUMENT APPROVED BY THE FINNISH FINANCIAL SUPERVISION AUTHORITY
| Source: Technopolis