Technopolis - Company Announcement

Technopolis Plc: Technopolis Getting New Deal for Pulkovo

TECHNOPOLIS PLC          STOCK EXCHANGE RELEASE          December 30, 2010 at
13:15 



Technopolis Getting New Deal for Pulkovo

Technopolis has signed a letter of intent (LOI) with Schneider Electric that
will make it the third anchor tenant for the company's Pulkovo technology
center in St. Petersburg. The contractual procedure will proceed in phases from
the LOI to a preliminary agreement and finally a lease. 

The final 5-year lease is expected to be signed in the first quarter of 2011.
This agreement includes an exit clause that allows the client to terminate by
paying penalties. The agreement with Schneider will cover about 1,000 square
meters as well as variety of services. When the final lease is signed, the
pre-let rate for Technopolis Pulkovo will increase to approximately 65 %. 


Technopolis Plc



Keith Silverang
CEO
tel. 040 566 7785


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www.technopolis.fi