Sponda - Company Announcement

Sponda sold its share in Ovenia Oy

Sponda Plc            Stock Exchange Release           31 March 2011 at 6:25 pm





Sponda sold its share in Ovenia Oy

The property investment company Sponda Plc has sold its 45.1% share in Ovenia
Oy, a provider of property management services, to funds managed by Vaaka
Partners Ltd and to Ovenia's current management. Parties have agreed not to
disclose the price of the deal. 

Sponda records a sales profit of approximately EUR 7.7 million from the deal.
In the transaction, other shareholders will also sell their shares to funds
managed by Vaaka Partners Ltd and to Ovenia's current management. 

Sponda is one of the founding shareholders of Ovenia and has contributed
strongly to the company's development. As Ovenia has grown and expanded its
customer base, the current shareholders deemed it appropriate for Ovenia's
further development to divest their shares. Sponda has been happy with the
services provided by Ovenia and will continue to procure property management
services from Ovenia. 



Sponda Plc



Kari Inkinen
President and CEO


More information: President and CEO Kari Inkinen, tel. +358 400 402 653





Sponda Plc is a property investment company that specialises 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 to
serve as operating environments enabling customers' success. The fair value of
Sponda's investment properties is approximately EUR 2.9 billion and leasable
area approximately 1.5 million m².