Sponda - Company Announcement

Sponda signs final property sale agreement for roughly EUR 401 million

Sponda Plc			

Sponda signs final property sale agreement for roughly EUR 401 million          

Finnish real estate investment company Sponda Plc has today signed a final      
agreement on the sale of shares in certain real estate companies, real estate   
properties and land sites to Whitehall Street Real Estate Limited and Niam      
Nordic Investment Fund III for approximately EUR 401 million. Sponda will record
a profit of roughly EUR 15 million on the transaction. The sold properties      
comprise 43 investment properties as well as almost the entire Sales Properties 
portfolio that Sponda obtained through the Kapiteeli acquisition. Sponda        
announced the signing of a binding agreement on this matter on 16 February 2007.

Sponda Plc                                                                      

Further information:                                                            
Kari Inkinen, President and CEO, Sponda Plc, tel. +358 20 631 3311, +358        
400-402 653                                                                     

Johan Bergman, Managing Director, Niam, tel. +46 8 5175 8595, +46 8 708 244 095 

Felicia Wipp, Communication Manager, Niam, tel. +46 8 5175 8529, +46 8 708 44 30
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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. The fair value of Sponda's         
investment properties is approximately EUR 2.6 billion and the leasable area is 
around 2 million m². Sponda is the largest real estate investment company listed
on the Helsinki Stock Exchange.                                                 

The Whitehall Street Real Estate Funds, established in 1991, are a series of    
real estate investment funds sponsored and managed by the Goldman Sachs Group,  
Inc. and its affiliates. The Whitehall Street Real Estate Funds invest in real  
estate and real estate related assets, principally through the acquisition of   
real estate companies, real property and mortgage loans. Investments span across
various product and investment types, including retail, hospitality, office, and
residential, with interests in real-estate portfolios, non-performing loans and 
corporate restructurings.                                                       
Niam Nordic Investment Fund III is a fund managed by Niam, the leading private  
equity firm in Northern Europe specialising in property. Niam offer financial   
investors a high return via investments in funds that in turn invest in all     
types of properties. The funds are raised and managed on a discretionary basis. 
Since the company was founded in 1998, properties with a total value of €3.9    
billion have been acquired by Niam's funds or in association with international 
real estate funds. Today, Niam has owner responsibility for properties valued at
€2 billion. Niam Nordic Investment Fund III is one of the largest property funds
in Northern Europe.