Sponda - Company Announcement

Council of State proposal to transfer the state-owned Sponda Plc shares to Solidium Oy

Sponda Plc	  Stock Exchange Release 21 October 2008 at 15.30                    





Council of State proposal to transfer the state-owned Sponda Plc shares to      
Solidium Oy                                                                     


Real estate investment company Sponda Plc has today been informed of the        
following:                                                                      

The Council of State has today decided to propose to parliament that the shares 
owned by the State in eight non-strategic listed companies be transferred as a  
capital contribution to Solidium Oy, a wholly state-owned company. The shares to
be transferred include 38,065,498 Sponda Plc shares, ie. more than 30 % of all  
Sponda Plc shares.                                                              

The Financial Supervision Authority has granted Solidium Oy an exemption order  
from the obligation that would otherwise arise to make a public offer to        
purchase the other shares of Sponda Plc and securities entitling to shares, if  
the decision made by the Council of State to dispose of the shares is carried   
out. The Financial Supervision Authority considers that control over the Sponda 
shares is not in fact transferred, since the Finnish state is the sole          
shareholder in Solidium Oy and thus has control in Solidium Oy, as referred to  
in Section 5 of Chapter 1 of the Securities Market Act.                         



Sponda Plc                                                                      




Further information: President and CEO Kari Inkinen, tel. +358 20-431 3311      


Sponda Plc is a real estate 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 euros and the leasable   
area is around 1.4 million m².