Sponda Plc Press Release 29 May 2007 Sponda bought three office properties from St Petersburg for EUR 4 million Sponda Russia Oy and the German company SPAG AG have signed a binding agreement to purchase three office properties close to the centre of St Petersburg in Tambovskaya Street. The price is about EUR 4 million. The properties have a combined leasable area of 2690 m². The properties were renovated over the period 1992-1997 and are fully leased. The tenants are Finnish, local and international companies. Sponda Plc Further information: Senior Vice President Sirpa Sara-aho, tel. +358 50 324 1273. Sponda Plc is a real estate company specializing in commercial properties in the largest cities in Finland and 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 2.6 billion and the leasable area is around 2 million m². Sponda is the largest real estate investment company listed on the Helsinki Stock Exchange.