2007-11-05 15:10:33 CET

2007-11-05 15:10:33 CET


REGULATED INFORMATION

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Technopolis - Company Announcement

TECHNOPOLIS SIGNS A PRELIMINARY AGREEMENT ON THE ACQUISITION OF KUOPION TEKNOLOGIAKESKUS TEKNIA OY


Technopolis Plc, which specializes in high-tech operating environments, has
signed a preliminary agreement with the City of Kuopio on the acquisition of
Kuopion Teknologiakeskus Teknia Oy. The transaction concerns 99.8 % of Kuopion
Teknologiakeskus Teknia Oy's shares. 

The transaction price is EUR 18.1 million, based on Kuopion Teknologiakeskus
Teknia Oy's net debt position on September 30, 2007. The net debt of Kuopion
Teknologiakeskus Teknia Oy totaled EUR 49.2 million on September 30, 2007. If
the net debt position changes prior to the execution of the transaction, the
transaction price will be adjusted accordingly. The transaction price will be
paid in cash. 

Closure of the transaction will require, among other things, that the Kuopio
City Council approves the share transaction intended in the preliminary
agreement, that the City Board approves the final deed of sale, and that no
significant new information that would prevent the transaction from taking
place is revealed by the due diligence examinations ordered by Technopolis or
otherwise. The Kuopio City Council will handle the matter in its meeting on
November 19, 2007. The parties' intention is to conclude the transaction in
February 2008 at the latest. 

Kuopion Teknologiakeskus Teknia Oy comprises three modern property companies,
the total leasable area of which adds up to 47,860 square meters. Teknia's
premises currently house 148 companies or other entities with a combined total
of approximately 2,500 employees. The largest customers are Ark Therapeutics
Oy, Honeywell Oy, Savonia University of Applied Sciences, TeliaSonera Finland
Oyj and TietoEnator Corporation. The combined total area leased out to these
customers accounts for 37 % of the entire premises. The net rental income of
Teknia's premises as at September 30, 2007 was 7.9 %. 

In 2006, the Teknia group's net sales were EUR 5.7 million and EBITDA (Earnings
before interest, taxes, depreciation and amortization) was EUR 2.5 million.
According to information received, the Teknia group's net sales in 2007 are
estimated at EUR 7.2 million and EBITDA at EUR 3.4 million, and for 2008 the
net sales are forecast at EUR 7.4 million and EBITDA at EUR 4.4 million. 
 
In terms of the number of customer companies, Technopolis Plc is one of
Europe's largest technology centers. The Technopolis Group is Finland's largest
specialized provider of operating environments for high tech companies, and it
offers a comprehensive service package combining modern premises and business
and development services. Technopolis operates or is building operating
environments in Espoo, Helsinki, Jyväskylä, Lappeenranta, Oulu, Tampere and
Vantaa in Finland, and in St. Petersburg in Russia. 

Oulu, November 5, 2007

TECHNOPOLIS PLC


Pertti Huuskonen
President and CEO

Further information:
Pertti Huuskonen, tel. +358 400 680 816 or +358 8 551 3213

Distribution:
OMX Nordic Exchange Helsinki
Main news media
www.technopolis.fi