Technopolis - Changes board/management/auditors

PROPOSAL TO THE TECHNOPOLIS ANNUAL GENERAL MEETING ON THE TRANSFER OF THE PRESIDENT AND CEO INTO A FULL-TIME BOARD CHAIRMAN AND THE STRENGTHENING OF THE BOARD WITH NEW MEMBERS; ORGANIZATION TO

PROPOSAL TO THE TECHNOPOLIS ANNUAL GENERAL MEETING ON THE TRANSFER OF THE
PRESIDENT AND CEO INTO A FULL-TIME BOARD CHAIRMAN AND THE STRENGTHENING OF THE
BOARD WITH NEW MEMBERS; ORGANIZATION TO BE RENEWED 

The Technopolis Group targets an average net sales growth of 15 % per annum and
aims to have operations in 2-3 other countries beside Finland in 2011. The
growth program has proceeded well, and last year the company's Board made
investment decisions totaling some EUR 195 million. To ensure the continuation
of the company's solid development, the company intends to renew the Board and
the operating organization and to initiate a related process of selecting a new
President and CEO. 

The Chairman and Vice Chairman of Technopolis Plc's Board of Directors have, in
accordance with the Board's decisions and the company's corporate governance
system, held discussions with the company's largest shareholders on the new
composition of the company's Board and the related selection of a new President
and CEO. The intention is to propose the following changes to be decided by the
Annual General Meeting due to be held on March 27, 2008. 

The five largest groupings of the company's shareholders, two of them
non-Finnish and three of them Finnish, representing a total of approximately
28.1 % of the company's stock, have announced their support for the proposed
changes. Once approved and carried out, the changes will substantially bolster
the company's expertise in its Russian affairs and financing, while the
company's considerable competence in technology parks will increasingly
strengthen its growth. 

The intention is to propose to the Annual General Meeting that Pertti
Huuskonen, the current President and CEO of Technopolis, will vacate his
position to become a full-time Chairman of the Board. This move would take
place early in the fall 2008, when the new President and CEO commences in the
company. To recruit a new President and CEO, a nomination committee will be
established, comprising Timo Parmasuo, current Chairman of the Board, Matti
Pennanen, Vice Chairman, and Pertti Huuskonen, President and CEO. 

At the Annual General Meeting, the intention is to propose as new Board members
Jussi Kuutsa, Development Director of the Stockmann Group's international
operations, and Timo Ritakallio, Deputy Chief Executive Officer, OKO Bank plc. 

Jussi Kuutsa has had a long career at Stockmann plc's Russian business, working
in various capacities in Moscow and St. Petersburg. Prior to that, he also
worked as export manager for Timberjack Europe in Russia. He is a member of
Kesla Oyj's Board. 

Timo Ritakallio has served the OP-Pohjola Group in different financial duties,
and is currently Vice Chairman of the OKO Group's Executive Committee
responsible for the Group's banking and investment services. In addition, he is
Chairman of the Board at ZAO OKO Capital Vostok (Moscow), OKO Corporate Finance
Ltd and OKO Venture Capital Ltd, and a Board member in a number of companies,
including OKO Asset Management Ltd, OMX Nordic Exchange Group Ltd and SSH
Communications Security Corporation. 

Furthermore, the intention is to propose to the Annual General Meeting that
Timo Parmasuo (Board Chairman until the change), Matti Pennanen, Erkki
Veikkolainen and Juha Yli-Rajala be re-elected as Board members. 

The Board of Directors has decided to realign the company's operating
organization to comprise three profit centers: Capital Area, Other Finland and
Russia. Keith Silverang, Vice President, will be the head of the Capital Area,
while Reijo Tauriainen, Vice President, will head Other Finland, and Peter
Coachman, General Director, will be in charge of the Russian unit. In addition,
the Group's organization will feature matrix functions to carry out the
corporate property development, sales and marketing and the service concept.
The Group's Consulting unit and the business development company Technopolis
Ventures Oy will report to Keith Silverang. Jarkko Ojala will continue as the
company's CFO. The composition of the Group's Executive Board will remain
unchanged. 

In the future, Technopolis aims at developing the transparency of the Group's
operations and the reporting of operations, as the company transforms into an
international technology center chain. The internal structure and development
of the Group's net sales will be reported more extensively. The company will
also pay more attention to its investor communications. 

“Successful implementation of the growth plan, which is substantial both in
scope and importance, will require that the company's management resources be
reinforced. The Technopolis Group targets an average net sales growth of 15 %
per annum and, in addition to operating in Finland and Russia, aims to expand
to one or two other countries by 2011. The purpose of electing new Board
members is to add new competence particularly in efforts to make the company
increasingly international and secure future financing. Another key
consideration for us is to be able to harness the good 20 years of experience
that the current President and CEO has for the benefit of both the
implementation of the internationalization plan as well as Board of Directors
work,” says Timo Parmasuo, Chairman of the company's Board. 

“Personally I'm enthusiastic about the organizational change, as it will put me
in a better position to create added value for the company's development
through my involvement in key strategic growth tasks. Anticipating that
Technopolis will reach its target for net sales growth, the company's business
will be doubled during the coming five years. I see this target as completely
realistic and one that offers me a most fascinating challenge in my future role
as Chairman of the Board,” says Pertti Huuskonen, President and CEO of
Technopolis. 


Oulu, January 8, 2008

TECHNOPOLIS PLC
Board of Directors


Further information:
Timo Parmasuo, Chairman of the Board, tel. +358 400 814 575
Pertti Huuskonen, President and CEO, tel. +358 400 680 816

Distribution:
OMX Nordic Exchange Helsinki
Main news media
www.technopolis.fi