Sponda - Company Announcement

Sponda completes partial repurchase of its hybrid bond

Sponda Plc    Stock Exchange Release 30 November 2012, 1:15 pm


Sponda completes partial repurchase of its hybrid bond

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA OR JAPAN OR
ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. 

Sponda completes the partial repurchase for its hybrid bond (ISIN:
FI0003029181) issued in 2008. Sponda has agreed to repurchase a nominal amount
of EUR 37,200,000 in exchange for cash which represents 28.6 percent of the
original EUR 130 million notional amount issued in 2008. 

All tenders from noteholders have been accepted and will be executed according
to the terms and conditions of the offer. The repurchase price will be 102 per
cent for the nominal amount plus the accrued interest until the settlement date
5 December 2012. 

After completing this tender offer, Sponda will have two hybrid bonds
outstanding. The first one, issued in 2008, amounts post-repurchase to EUR
92,800,000 million and is callable on 27 June 2013. The new hybrid bond,
announced on 21 November 2012, will amount to EUR 95 million, and the first
call date is 5 December 2017. 

Nordea Markets acts as a dealer manager and as a tender agent for the
transaction. 



Sponda Plc


Kari Inkinen
President and CEO

Further Information: Kari Inkinen, President and CEO, Tel. No. +358 400 402 653



Distribution:

NASDAQ OMX Helsinki Ltd
Main Medi
www.sponda.fi



Sponda Plc is a property investment 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 3.2 billion and
the leasable area is around 1.5 million m². 



This release is for informational purposes only and is not to be construed as
an offer to purchase or sell or a solicitation of an offer to purchase or sell
with respect to any hybrid bonds. The distribution of this release and the
related material concerning the issuance of the new hybrid bond and the
invitation to tender the outstanding hybrid bond are prohibited by law in
certain countries. The new hybrid bonds are not being offered and the tender
offer for the outstanding hybrid bonds is not made to the public either inside
or outside of Finland. Persons resident outside of Finland may receive this
release and the related hybrid bond documentation only in compliance with
applicable exemptions or restrictions. Persons into whose possession this
release and the related hybrid bond documentation may come are required to
inform themselves about and comply with such restrictions. This release and the
related hybrid bond documentation may not be distributed or published in any
country or jurisdiction if to do so would constitute a violation of the
relevant laws of such jurisdiction or would require actions under the laws of a
state or jurisdiction other than Finland, including the United States, Canada,
Australia, Hong Kong, South Africa and Japan. The information contained herein
shall not constitute an offer to sell or tender, or a solicitation of an offer
to buy or sell the Issuer's hybrid bonds to any persons in any jurisdiction in
which such offer, solicitation or sale or tender would be unlawful. Sponda's
representatives assume no legal responsibility for such violations, regardlessof whether the parties contemplating investing in or divesting the Issuer's
hybrid bonds are aware of these restrictions or not. Sponda's hybrid bonds have
not been and will not be registered under the US Securities Act of 1933, nor
under any securities legislation of any state in the United States, and they
may not be offered, sold, resold delivered, distributed, bought or transferred
in the United States or to US citizens or on behalf of US citizens, except
pursuant to an exemption from the registration requirements of the Securities
Act of 1933 and any applicable state law legislation.