Technopolis - Company Announcement

TECHNOPOLIS SIGNS PRELIMINARY AGREEMENT ON ACQUISITION OF INNOPOLI II

Technopolis Plc, which specializes in operating environments for high tech
companies, has signed a preliminary agreement with the City of Espoo, the Etera
Mutual Pension Insurance Company, and Sitra (the Finnish Innovation Fund) on
the acquisition of the entire stock of Kiinteistö Oy Innopoli II (Innopoli II
real estate company). 

Kiinteistö Oy Innopoli II comprises a building of 20,625 square meters and 4.1
hectares of land owned by the company and located in the Otaniemi district of
the City of Espoo. Completed in 2002, the property houses some 90 high tech
companies. 

According to the preliminary agreement, the transaction price of EUR 54.2
million will be revised on the basis of Kiinteistö Oy Innopoli II's net debt
position. About 20 % of the price will be paid in new shares of Technopolis Plc
and the rest in cash. The final deed of sale is intended to be signed in August
2007. 

Closure of the transaction will require that no new significant information
that would prevent the transaction from taking place is revealed in either the
due diligence examinations carried out and ordered by Technopolis Plc or
otherwise and that the final deed of sale is signed by August 31, 2007. 


Oulu, June 21, 2007

TECHNOPOLIS PLC


Pertti Huuskonen
President and CEO

For further information, please contact:
Pertti Huuskonen, tel. +358 (0)400 680 816 or +358 (0)8 551 3213

Distribution:
Helsinki Stock Exchange
Main news media
www.technopolis.fi