Sponda - Company Announcement

ANNOUNCEMENT RELATING TO THE CONTEMPLATED RIGHTS OFFERING

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED
STATES. 

Sponda Plc 	Stock Exchange Release 	11 May 2009, 11:17 a.m. 

ANNOUNCEMENT RELATING TO THE CONTEMPLATED RIGHTS OFFERING

Sponda Plc announced on 7 May 2009 that it is planning on undertaking a rights
offering of approximately EUR 200 million. In connection with the announcement
the Company informed that Solidium Oy, the owner of 34.3% of the shares in
Sponda, will vote in favour of the offering in the Extraordinary General
Meeting of Shareholders to be held on 25 May 2009 and subscribe to its pro rata
share in the rights offering. 

Julius Tallberg-Kiinteistöt Plc and Ilmarinen Mutual Pension Insurance Company,
who according to the information received by Sponda own 7.3% and 3.4% of the
shares in Sponda, have today informed Sponda that they will also support the
contemplated rights offering. Julius Tallberg-Kiinteistöt has informed Sponda
that it will subscribe for shares representing at least 5.0% of the
contemplated rights offering and Ilmarinen that it will subscribe for its pro
rata share in the rights offering. 


Helsinki, 11 May 2009
Sponda Plc

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

This document is an advertisement for the purposes of applicable measures
implementing Directive 2003/71/EC (such Directive, together with any applicable
implementing measures in the relevant home Member State under such Directive
(the "Prospectus Directive"). A prospectus prepared pursuant to the Prospectus
Directive will be published in connection with any offering of securities, and
will be available at subscription locations in Finland. 

The information contained herein is not for release, publication or
distribution, directly or indirectly, in or into Australia, Canada, Japan,
South Africa or the United States. The information contained herein does not
constitute an offer of securities for sale in the United States, nor may the
securities be offered or sold in the United States absent registration or an
exemption from registration as provided in the U.S. Securities Act of 1933, as
amended, and the rules and regulations thereunder. There is no intention to
register any portion of the offering in the United States or to conduct a
public offering of any securities in the United States. 

The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. 

This communication does not constitute an offer of securities to the public in
the United Kingdom. No prospectus has been or will be approved in the United
Kingdom in respect of the securities. Consequently, this communication is
directed only at (i) persons who are outside the United Kingdom, (ii) persons
who have professional experience in matters relating to investments falling
within Article 19(1) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the “FP Order”) and (iii) high net worth entities
falling within Article 49(2) of the FP Order, and other persons to whom it may
lawfully be communicated,  (all such persons together being referred to as
“relevant persons”).  Any investment activity to which this communication
relates will only be available to, and will only be engaged with, relevant
persons.  Any person who is not a relevant person should not act or rely on
this document or any of its contents. 

Any offer of securities to the public that may be deemed to be made pursuant to
this communication in any EEA Member State that has implemented the Prospectus
Directive is only addressed to qualified investors in that Member State within
the meaning of the Prospectus Directive. 

Copies of this announcement are not being made and may not be distributed or
sent into Australia, Canada, Japan, South Africa or the United States. 

Danske Bank A/S, Helsinki Branch and UBS Limited are acting for Sponda Plc and
no one else in connection with the proposed rights offering and will not regard
any other person (whether or not a recipient of this release) as a client in
relation to the proposed rights offering and will not be responsible to anyone
other than Sponda Plc for providing the protections afforded to their
respective clients or for providing advice in relation to the proposed rights
offering or any matters referred to in this release. 

Neither Danske Bank A/S, Helsinki Branch nor UBS Limited accepts any
responsibility whatsoever for the contents of this release, and makes no
representation or warranty, express or implied, for the contents of this
release, including its accuracy, completeness or verification, or for any other
statement made or purported to be made by it, or on its behalf, in connection
with Sponda Plc or the ordinary shares or the proposed rights offering, and
nothing in this release is or shall be relied upon as, a promise or
representation in this respect whether as to the past or future. Danske Bank
A/S, Helsinki Branch and UBS Limited accordingly disclaim to the fullest extent
permitted by law all and any liability whether arising in tort, contract or
otherwise (save as referred to above) which they might otherwise have in
respect of this release or any such statement.