Sponda - Company Announcement

Sponda's Board of Directors decides to implement incentive scheme for key personnel

Sponda Plc   Stock Exchange Release 17 March 2010 at 12.05 		                   


Sponda's Board of Directors decides to implement incentive scheme for key       
personnel                                                                       

The Board of Directors of Sponda Plc has decided to revise the long-term        
incentive scheme introduced by the company in 2009 by extending the scheme's    
earnings periods. Extending will take place gradually by 2012 so that the share 
of current, one-year earnings period will decrease annually and the share of    
new, three-year earnings period will increase correspondingly. The key personnel
who are part of the scheme will have the opportunity to earn Company's shares as
a reward. The objectives of the scheme are to bring together the goals of owners
and key personnel for raising the value of the company and to obtain the        
commitment of key personnel to the company and provide a competitive bonus      
scheme for them based on ownership of company shares.                           

The scheme comprises two one-year earnings periods, which are the calendar years
2010 and 2011, and two three-year earnings periods, which are the calendar years
2010—2012 and 2011—2013. The earnings criteria are tied to cash flow from       
operations per share and return on capital employed. The Board of Directors     
decides on the targets set for each earnings period.                            

Any bonus is paid partly in company shares and partly in cash. The portion paid 
in cash is meant to cover the taxes and similar costs incurred by the key       
employee from the bonus. The employee may not dispose of the shares during the  
commitment periods following the earnings periods, which are two years in the   
old scheme and three years in the new scheme. Even after these dates, the key   
employee must continue to own shares as long as the person remains in the       
employment of the Group company. The target is that the shareholding of the key 
employee equals their gross annual salary.                                      

The value of the maximum bonus paid is the gross annual salary of the key       
employee on the date of payment of the bonus. The gross annual salary refers to 
the fixed basic salary excluding any annual performance bonus and income from   
the long-term bonus scheme.                                                     

Currently the members of the Executive Board are included in the scheme,        
altogether 7 people. The bonuses to be paid for the 2010 and 2010—2012 earnings 
periods correspond in total to at most the value of some 750,000 Sponda Plc     
shares (including the portion to be paid in cash).                              

Helsinki, 17 March 2010                                                         

SPONDA PLC                                                                      

Kari Inkinen                                                                    
President and CEO                                                               


FURTHER INFORMATION                                                             
Kari Inkinen, President and CEO,                                                
tel. +358 20 43131                                                              

DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Oy                                                          
Key media           
www.sponda.fi                                                                   

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. 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.