Sponda - Company Announcement

Sales of Sponda's 12 logistics properties and real estate funds to Certeum concluded; change in Sponda’s Executive Board

Sponda Plc          Stock Exchange Release, 30 September 2014, at 2:10 p.m.



Sales of Sponda's 12 logistics properties and real estate funds to Certeum
concluded; change in Sponda's Executive Board 

The property investment company Sponda Plc has today concluded the sales of 12
logistics properties and its shares in the real estate funds Sponda Fund I,
Sponda Fund II and Sponda Fund III to Certeum Ltd. The total debt-free sales
price of the 12 logistics properties is EUR 216.7 million and their economic
occupancy rate is about 80.2%. The average net yield is about 7.2%. The sales
price of the shares in the real estate funds is EUR 77.2 million. 

In conjunction with the transaction, Sponda will become a Certeum shareholder
and Sponda's holding in the company will be about 38%, which amounts to
approximately EUR 175 million. Sponda's final holding in Certeum will be
determined after the usual adjustments to the sales price have been made.
Sponda has made a commitment to not sell its shares in Certeum before the
Annual General Meeting of spring 2015. In line with its strategy, Sponda plans
to reduce its ownership in Certeum in the future. 

Sponda first issued a stock exchange release on the sales on 30 April 2014.

Change in the Sponda Executive Board

As a result of the sales, Kari Koivu, Senior Vice President in charge of
Sponda's Real Estate Funds business segment, will transfer to Certeum and leave
his post as a member of the Sponda Executive Board. 



Sponda Plc



For additional information, please contact:Kari Inkinen, President and CEO, tel. +358 400 402 653
Pia Arrhenius, SVP, Corporate Planning and IR, tel. +358 40 527 4462
Erik Hjelt, CFO, tel. +358 400 472 313