Technopolis - Company Announcement

Technopolis Closes Acquisition in Vilnius and Upgrades Guidance

TECHNOPOLIS PLC      STOCK EXCHANGE RELEASE              May 31, 2013 at 11:30
a.m. 


Technopolis Closes Acquisition in Vilnius and Upgrades Guidance

Technopolis Plc and The Lithuanian ICOR Group have closed a deal to acquire an
office campus in Vilnius, Lithuania. Technopolis announced the signing of the
deal on March 15, 2013. As a result Technopolis is upgrading its 2013 net sales
and EBITDA growth guidance from 9 - 12% to 14 - 17%. 

Two of the buildings have a rentable area of 31,200 sqm and they are fully let.
The third which is due for completion in October, 2013 has a rentable area of
11,000 sqm and a pre-let rate of 76%. Due to successful achievement of an
agreed earn-out provision by the sellers, the final purchase price has
increased, now totaling EUR 62.6 million. The total amount includes the
completion of the third building. 

The net market yield of the investment is 8.2%. The net initial cash flow-based
yield is 7.6% and the stabilized yield is expected to reach 9.3%. 

The Technopolis Vilnius campus will have a roughly 9% share of the Vilnius
office market once the building under construction has been completed. 


Technopolis Plc

Keith Silverang
CEO
Tel. +358 40 566 7785


Technopolis Plc is a listed real estate company that specializes in leasing
space and providing services. Its core business idea is to combine business
support services with modern, flexible, multi-user business environments. There
are approximately 23,000 people and almost 1,400 companies and organizations in
Technopolis premises in Finland, Russia, and Estonia. The company's net sales
for 2012 totaled EUR 107.3 million, and its EBITDA was EUR 55.8 million. The
Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki. 

Distribution:
NASDAQ OMX Helsinki
Main news media
www.technopolis.fi