Sponda - Company Announcement

Proposals on the Board composition and remuneration by Shareholders' Nomination Committee of Sponda

Sponda Plc          Stock Exchange Announcement 20 Januay 2010, 1:35 pm         






Proposals on the Board composition and remuneration by Shareholders' Nomination
Committee of Sponda 

In its meeting, the Shareholders' Nomination Committee of Sponda has decided to 
propose to the Annual General Meeting to be held 17 March 2010 that the Board   
will consist of six members. The Nomination Committee further propose that Klaus
Cawén, Tuula Entelä, Timo Korvenpää, Lauri Ratia, Arja Talma and Erkki Virtanen 
to be re-elected for the Board of Directors.                                    

The Nomination Committee proposes to the Annual General Meeting that the annual 
remuneration payable to the members of the Board to be elected at the Annual    
General Meeting for the term until the close of the Annual General Meeting in   
2011 be equal to the remuneration payable to for the term until the close of the
Annual General Meeting in 2010: EUR 60,000 for the Chairman, EUR 36,000 for the 
Vice Chairman, and EUR 31,200 for each member. Additional compensation of EUR   
600 shall be paid for the meetings attended including the meetings of the       
committees of the Board of Directors The Nomination Committee proposes that 40 %
of the fixed annual remuneration be paid in Sponda shares purchased from the    
market. The shares will be purchased within two weeks from the release of the   
interim report January 1 - March 31, 2010 of Sponda Plc.                        

The Board of Directors will incorporate the proposals into the Annual General   
meeting notice which will be published later.                                   

The Shareholders' Nomination Committee consisted of three largest shareholders  
on 2 November 2009:                                                             

Solidium Oy, Kari Järvinen                                                      
Mutual Pension Fund Ilmarinen, Timo Ritakallio                                  
OP-Delta Investment Fund, Harri Nummela                                         


For further information, please contact: Kari Järvinen, Chairman of the         
Shareholders' Nomination Committee, Tel. +358 10 830 8905                       

Sponda Plc                                                                      



Kari Inkinen                                                                    
President and CEO                                                               




Sponda Plc is a real estate company specializing in commercial properties in the
largest cities in Finland and in 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 2.8 billion euros and the leasable   
area is around 1.5 million m².