Sponda Plc Stock Exchange Release 1 September 2008, 16:15 Sponda's hotel property transaction finalised On 3 July 2008, real estate investment company Sponda announced the signing of an agreement to sell real estate company Kluuvikatu 8 to real estate equity fund managed by Exilion Capital Oy for approximately EUR 42 million. Closing of the transaction took place today. The property, with a floor area of about 10,000 square metres, is rented under a long-term lease to Sokotel Oy and it houses Sokos Hotel Helsinki. In this transaction Sponda is selling a hotel property that is not in line with its current strategy. As stated in the company's strategy, Sponda focuses on owning office, retail and logistics properties. Sponda Plc Further information: Kari Inkinen, President and CEO, tel. +358 400 402 653 Sponda Plc is a real estate company specializing in commercial properties in the largest cities in Finland and 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 2.8 billion and the leasable area is around 1.4 million m².