Sponda - Company Announcement

Sponda purchases a 20 hectare site from Moscow province

Finnish real estate investment company Sponda Plc has purchased a 20-hectars    
land site in the Moscow region for roughly EUR 6 million from Llc Bamo-Land. The
site has an endorsed zoning plan for the construction of an industrial park.    

Sponda plans to develop a roughly 75,000 m2 A-class logistics facility on the   
site in stages, starting in 2007.                                               

Sponda's land acquisition and project development consultant in the transaction 
is the Finnish company Fimera Oy ERMS.                                          



Sponda Plc                                                                      


Further information: Sirpa Sara-aho, Senior Vice President, Russia and the      
Baltic Countries, tel. +358 50 324 1273.                                        



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 2.25 billion and the leasable area is
around 1.3 million m². Sponda is the largest real estate investment company     
listed on the Helsinki Stock Exchange.