Technopolis - Company Announcement

Technopolis to Expand its Russian Operations

TECHNOPOLIS PLC         STOCK EXCHANGE RELEASE         February 1, 2012 at 7:50
PM 



Technopolis to Expand its Russian Operations

In the fall 2011, Technopolis released its strategic objectives for 2012-2016.
One of its key objectives is to increase annual net sales outside Finland to
EUR 50 million by 2016. In order to reach this objective, Technopolis will
start the construction of the second phase of the Pulkovo Airport Campus in St.
Petersburg, Russia. 

The total investment in Pulkovo phase II is estimated to be EUR 42 million. The
European Bank for Reconstruction and Development (EBRD) will finances half of
the project costs, with Technopolis covering the remaining costs. The total
area of the office premises is approximately 18,750 square meters and the gross
building area is 22,700 square meters. The construction of Pulkovo phase II
will be started in February 2012, and it is estimated to be completed in
September 2013. Technopolis will apply for the LEED Silver environmental
certificate for the site. Lemminkäinen will acts as the principal contractor. 

By expanding the Pulkovo Campus, Technopolis aims to double its net sales and
nearly triple its EBITDA in 2014. The EBITDA improvement is due to
scale-related benefits in maintenance costs, and restaurant and meeting
services. 

Technopolis feels that the current market conditions in St. Petersburg support
launching the project at this point. Constructions costs are currently at
reasonable level, and there is demand for Technopolis' services. The first
phase of the Pulkovo center had a 100% occupancy rate at the end of 2011. 



Technopolis Plc
Keith Silverang
CEO
Tel. +358 40 566 7785



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