Sponda - Company Announcement

PROPOSALS ON THE BOARD COMPOSITION AND REMUNERATION BY SHAREHOLDERS' NOMINATION COMMITTEE OF SPONDA

Sponda Plc       Stock Exchange Announcement 13 January 2011, 4:55 pm





PROPOSALS ON THE BOARD COMPOSITION AND REMUNERATION BY SHAREHOLDERS' NOMINATION
COMMITTEE OF SPONDA 

In its meeting, the Shareholders' Nomination Committee of Sponda has decided to
propose to the Annual General Meeting to be held 16 March 2011 that the Board
will consist of six members. The Nomination Committee further propose that
Klaus Cawén, Tuula Entelä, Lauri Ratia, Arja Talma and Erkki Virtanen to be
re-elected for the Board of Directors and that Raimo Valo to be elected as the
new member of the Board of Directors. 

The Nomination Committee proposes to the Annual General Meeting that the annual
remuneration payable to the members of the Board to be elected at the Annual
General Meeting for the term until the close of the Annual General Meeting in
2012: EUR 60,000 for the Chairman, EUR 36,000 for the Vice Chairman, and EUR
31,200 for each member. Additional compensation of EUR 600 shall be paid for
the meetings attended including the meetings of the committees of the Board of
Directors The Nomination Committee proposes that 40 % of the fixed annual
remuneration be paid in Sponda shares purchased from the market. The shares
will be purchased within two weeks from the release of the interim report
January 1 - March 31, 2011 of Sponda Plc. 

The Board of Directors will incorporate the proposals into the Annual General
meeting notice which will be published later. 

The Shareholders' Nomination Committee consisted of three largest shareholders
on 1 November 2010: 

Solidium Oy, Kari Järvinen
Mutual Pension Fund Ilmarinen, Timo Ritakallio
Mutual Pension Fund Varma, Risto Murto



For further information, please contact: Kari Järvinen, Chairman of the
Shareholders' Nomination Committee, Tel. +358 10 830 8905 



Sponda Plc





Kari Inkinen
President and CEO





Sponda Plc is a real estate company specializing in commercial properties in
the largest cities in Finland and in Russia. Sponda's business concept is to
own, lease and develop office, retail and logistics properties into
environments that promote the business success of its clients. The fair value
of Sponda's investment properties is approximately EUR 2.8 billion euros and
the leasable area is around 1.5 million m².