Technopolis - Company Announcement

Technopolis Acquires a Campus in Vilnius and Upgrades Its Future Outlook

TECHNOPOLIS PLC      STOCK EXCHANGE RELEASE              March 15, 2013, at
10:20 a.m. 


Technopolis Acquires a Campus in Vilnius and Upgrades Its Future Outlook

Technopolis has signed a deal to acquire a new office campus in Vilnius,
Lithuania. Technopolis will upgrade its future outlook for net sales and EBITDA
growth from 9 - 12% to 14 - 17% for 2013, subject to the successful closing of
the deal. The acquisition is in line with Technopolis' international growth
strategy, which is focused on the Nordic-Baltic region. The purchase price
which includes the completion of the third building is EUR 61.0 million. The
company expects to close the deal by May 1, 2013. 

The campus has good transportation connections and services. It is located less
than 3 kilometers from the CBD right next to a planned new ring road. The
campus includes three different buildings totaling 42,300 sqm in rentable space
with additional growth potential of 30,000 sqm. One of the buildings is due for
completion in October, 2013. The growth of office stock in the Vilnius office
market has been moderate and the market vacancy rate for B class offices is
approximately 11%. Rent levels have been rising and average net rents are
currently 8 - 14 euros per sqm. 

The net market yield of the investment is 8.2%. The net initial cash flow-based
yield is 7.6% and the stabilized yield is expected to reach at 9.3%. Two of the
campus buildings have a 100% financial occupancy rate with long-term leases and
the building under construction has a 46% pre-let rate. The campus customers
include companies in the banking, consulting and engineering sectors. 

Lithuania is the biggest economy in the Baltics and geographically well
positioned, bordering Poland, Latvia, Belarus and Russia. Its economy is
expected to grow 3.1% in 2013. The country is expected to enter the Eurozone in
2014 and it has pegged its currency, the litas, to the euro since 2002. Since
the financial crisis the country has become popular in near-shoring among the
financial and IT sectors. 

Further information about the campus: www.technopolis.fi/vilnius.


Technopolis Plc

Keith Silverang
CEO
Tel. +358 40 566 7785

Sami Juutinen
Director, International Operations
Tel. +358 40 484 7487



Technopolis Plc is a listed real estate company that specializes in leasing
space and providing services. Its core business idea is to combine business
support services with modern, flexible, multi-user business environments. There
are approximately 23,000 people and almost 1,400 companies and organizations in
Technopolis premises in Finland, Russia, and Estonia. The company's net sales
for 2012 totaled EUR 107.3 million and its EBITDA was EUR 55.8 million. The
Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki. 

Distribution:
NASDAQ OMX Helsinki
Main news media
www.technopolis.fi