Sponda - Company Announcement

Sponda to sell two office buildings in St Petersburg

Sponda Plc            Stock Exchange Release      11 July 2013 at 9:00 a.m.

Sponda to sell two office buildings in St Petersburg

The property investment company Sponda Plc is selling the Business Center NRC
and Inform Future office buildings, located in St Petersburg, to Russian asset
management companies called NRC-Management and IF-Management for a total of EUR
9.9 million. Sponda will record a minor sales profit from the transaction with
regard to the market value of the first quarter of 2013. 

The total leasable area of the NRC office building, located in the centre of St
Petersburg at Kaluzhskij Pereulok 3, is roughly 3,000 square metres. This fully
occupied office building was originally completed in the late 19th century and
renovated in the mid-1990s. 

The Inform Future office building is also located in the centre of St
Petersburg, within approximately 10 minutes' drive from the Moskovsky railway
station. The building, located at ul. Tambovskaya 12, was completed in 1909 and
renovated for office use in 1992-1997. Its leasable area is 2,694 square
metres, nearly all of which has been leased out. 

- The buildings have yielded a steady profit and Sponda has owned them since
2007. In the current stable market conditions, such small properties are not
considered to have potential for increase in value, says Kari Inkinen, Sponda's
President and CEO, providing grounds for the property transaction. 

Sponda Plc


Additional information:
Kari Inkinen, President and CEO, tel. +358 400 402 653



Sponda Plc is a property investment company that specialises 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 in
environments that promote the business success of its clients. The fair value
of Sponda's investment properties is approximately EUR 3.3 billion and the
leasable area is around 1.5 million square metres.