Sponda - Company Announcement

Sponda sold land areas in Helsinki Metropolitan Area

Sponda Plc	Stock Exchange Release 23 June 2010 at 9:00 am                     



Sponda sold land areas in Helsinki Metropolitan Area                            

Property investment company Sponda Plc has sold a two hectare land area in the  
Hakuninmaa district of Helsinki to Skanska Talonrakennus Oy for some EUR 6.5    
million. The piece of land at Hakuninmaantie Road 3 is part of the planned      
Kuninkaantammi residential area. Sponda recorded capital gains of about EUR 5.4 
million on the sale.                                                            

Sponda has also sold Skanska Talonrakennus Oy a land area that is planned for   
housing production in the centre of Kauniainen for EUR 3 million. Sponda        
recorded capital gains of EUR 2.9 million on this transaction.                  

In these transactions Sponda has sold land areas that are planned for use in    
housing production and therefore do not fit in with Sponda's strategy, and the  
selling prices correspond to current market prices for housing land areas. In   
accordance with the company's strategy, Sponda focuses on owning office, retail 
and logistics properties.                                                       


Sponda Plc                                                                      
Further information:                                                            
Kari Inkinen, President and CEO, tel. +358 400 402 653                          


Sponda Plc is a real estate 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. Sponda's investment properties have
a fair value of approximately EUR 2.8 billion euros and a leasable area of      
around 1.5 million square metres.