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2009-12-15 09:30:16 CET 2009-12-15 09:31:10 CET REGULATED INFORMATION Sponda - Company AnnouncementAdditional Information on Sponda Plc's Pending Tax CaseSponda Plc Stock Exchange Release 15 December 2009, 10.30 am Additional Information on Sponda Plc's Pending Tax Case The Uusimaa Corporate Tax Office has amended the debiting of Sponda Kiinteistöt Oy's taxes for 2006, concerning a total of EUR 53.8 million. Interest for delay will be calculated on the amended amount, which will be 7% as of 1 January 2010. However, due to the suspension order given by the Supreme Administrative Court, the company does not have to pay the taxes until the appeal of the Administrative Court's judgment has been decided. The Large Taxpayers' Office has not yet decided the debiting for the years 2007 and 2008, but the company's understanding is that these years will be treated in the same manner. Because the company does not have to pay taxes based on the Administrative Court's judgment, Sponda Kiinteistöt Oy will not record tax expenses while the matter is still pending, but will state the tax issue in the notes to the financial statements. According to information received by the company, it is possible that the Supreme Administrative Court's judgment in the principal matter will be given by the summer of 2010. Sponda has most recently issued statements about this matter in its Q3/2009 interim report published on 5 November 2009. Sponda Plc Further information: Kari Inkinen, President and CEO, tel. +358 400 402 653 Sponda Plc is a real estate investment 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 2.8 billion and the leasable area is around 1.5 million m². |
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