Sponda - Company Announcement

Final result of Sponda's rights offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE  
OR IN PART, IN OR INTO CANADA, JAPAN, OR THE UNITED STATES.                     


Sponda Plc 	Stock Exchange Release 25 June 2009, 1.40 pm                       
Final result of Sponda's rights offering                                        

The final result of Sponda's rights offering shows that 164,889,918 shares,     
representing 99.0% of the total number of shares offered in the rights offering,
were subscribed for pursuant to subscription rights. The remaining 1,655,359    
shares, or 1.0% of the rights offering, were subscribed without subscription    
rights and will be allocated in accordance with the terms and conditions of the 
rights offering to those subscribers who have also subscribed for shares        
pursuant to subscription rights.                                                

The interim shares, representing the shares subscribed for pursuant to the      
subscription rights in the rights offering, commenced trading on 23 June 2009 on
the Helsinki Stock Exchange. The shares subscribed for in the offering will be  
registered with the Finnish Trade Register and the interim shares will be       
combined with Sponda's existing shares on 30 June 2009.                         

The board of Sponda has today approved all subscriptions pursuant to            
subscription rights and subscription without subscription rights based on the   
allocation in accordance with the terms and conditions of the rights offering.  
As a result of the rights offering, the number of ordinary shares will increase 
by 166,545,277 shares to 277,575,462 shares. The subscription price was EUR 1.25
per new share and the proceeds of the rights offering amounted to EUR 208.2     
million before fees and expenses related to the offering.                       

The largest shareholder of Sponda, Solidium Oy, subscribed for 57,098,247       
shares, Julius Tallberg-Kiinteistöt Oyj for 7,815,679 shares and Ilmarinen      
Mutual Pension Insurance Company for 7,231,638 shares in the offering. Danske   
Markets and  UBS Investment Bank acted as Joint Global Coordinators and Joint   
Bookrunners of the rights offering.                                             



Helsinki, 25 June 2009                                                          
Sponda Plc                                                                      
Further information: Kari Inkinen, President and CEO, tel. +358 20 431 3311     


This document is an advertisement for the purposes of applicable measures       
implementing Directive 2003/71/EC (such Directive, together with any applicable 
implementing measures in the relevant home Member State under such Directive    
(the "Prospectus Directive"). A prospectus prepared pursuant to the Prospectus  
Directive will be published in connection with any offering of securities, and  
will be available at subscription locations in Finland.                         

The information contained herein is not for release, publication or             
distribution, directly or indirectly, in or into Canada, Japan, or the United   
States. The information contained herein does not constitute an offer of        
securities for sale in the United States, nor may the securities be offered or  
sold in the United States absent registration or an exemption from registration 
as provided in the U.S. Securities Act of 1933, as amended, and the rules and   
regulations thereunder. There is no intention to register any portion of the    
offering in the United States or to conduct a public offering of any securities 
in the United States.                                                           

The information contained herein shall not constitute an offer to sell or the   
solicitation of an offer to buy, nor shall there be any sale of the securities  
referred to herein in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration, exemption from registration or         
qualification under the securities laws of any such jurisdiction.               

This communication does not constitute an offer of securities to the public in  
the United Kingdom. No prospectus has been or will be approved in the United    
Kingdom in respect of the securities. Consequently, this communication is       
directed only at (i) persons who are outside the United Kingdom, (ii) persons   
who have professional experience in matters relating to investments falling     
within Article 19(1) of the Financial Services and Markets Act 2000 (Financial  
Promotion) Order 2005 (the “FP Order”) and (iii) high net worth entities falling
within Article 49(2) of the FP Order, and other persons to whom it may lawfully 
be communicated, (all such persons together being referred to as “relevant      
persons”). Any investment activity to which this communication relates will only
be available to, and will only be engaged with, relevant persons.  Any person   
who is not a relevant person should not act or rely on this document or any of  
its contents.                                                                   

Any offer of securities to the public that may be deemed to be made pursuant to 
this communication in any EEA Member State that has implemented the Prospectus  
Directive is only addressed to qualified investors in that Member State within  
the meaning of the Prospectus Directive. Copies of this announcement are not    
being made and may not be distributed or sent into Canada, Japan, or the United 
States.                                                                         

The Securities may not be offered, sold, taken up, exercised, resold, renounced,
transferred or delivered, directly or indirectly within Australia except        
pursuant to an exemption from and in compliance with any applicable securities  
law.                                                                            

Danske Bank A/S, Helsinki Branch and UBS Limited are acting for Sponda Plc and  
no one else in connection with the rights offering and will not regard any other
person (whether or not a recipient of this release) as a client in relation to  
the rights offering and will not be responsible to anyone other than Sponda Plc 
for providing the protections afforded to their respective clients or for       
providing advice in relation to the rights offering or any matters referred to  
in this release.                                                                

Neither Danske Bank A/S, Helsinki Branch nor UBS Limited accepts any            
responsibility whatsoever for the contents of this release, and makes no        
representation or warranty, express or implied, for the contents of this        
release, including its accuracy, completeness or verification, or for any other 
statement made or purported to be made by it, or on its behalf, in connection   
with Sponda or the ordinary shares or the rights offering, and nothing in this  
release is or shall be relied upon as, a promise or representation in this      
respect whether as to the past or future. Danske Bank A/S, Helsinki Branch and  
UBS Limited accordingly disclaim to the fullest extent permitted by law all and 
any liability whether arising in tort, contract or otherwise (save as referred  
to above) which they might otherwise have in respect of this release or any such
statement.