Technopolis - Company Announcement

Technopolis Negotiating with Ilmarinen on Minority Interest in Oslo Campus

TECHNOPOLIS PLC      STOCK EXCHANGE RELEASE     October 31, 2013 at 11:55 a.m.


Technopolis Negotiating with Ilmarinen on Minority Interest in Oslo Campus

Technopolis announced on October 11, 2013 that it had signed an agreement to
acquire a 70% interest in a campus located in Fornebu in the Greater Oslo
Region, Norway. Following the conclusion of the deal, the seller of the campus,
IT Fornebu Properties AS (ITFP), will retain a minority interest of 30%. 

Technopolis has commenced negotiations on the possible sale of a maximum 19%
interest in the Technopolis share of  the campus to Ilmarinen Mutual Pension
Insurance Company (Ilmarinen). Should Ilmarinen invest in the joint venture,
Technopolis would hold at least 51% of the joint venture, with the remaining
shares held by the minority shareholders, ITFP and Ilmarinen. 

The JV would be capitalized by 35% in equity and 65% in debt with a syndicated
loan from SEB, Nordea and Swedbank. The loan principal is NOK 1,170 million
(EUR 143 million) The total equity contribution of approximately EUR 77 million
in the joint venture will be allocated in proportion to the shareholders'
holdings. Depending on the negotiations with the Ilmarinen and its portion of
possible holdings, if Ilmarinen participates in the JV it would decrease
Technopolis' equity contribution. Without Ilmarinen Technopolis' equity
contribution will be approximately EUR 54 million. 

The participation of Ilmarinen in the joint venture is subject to a number of
factors, such as the parties reaching an agreement on the terms and conditions
of the arrangement, and Board approval from both Technopolis and Ilmarinen. 

Additional information on the campus: http://www.technopolis.fi/fornebu-fi.

Technopolis Plc

Keith Silverang
CEO
Tel. +358 40 566 7785

Sami Juutinen
Director, International Operations
Tel. +358 40 484 7487

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 26,000 people and almost 1,400 companies and organizations in
Technopolis premises in Finland, Russia, Estonia and Vilnius. 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. 

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www.technopolis.fi