Sponda Plc Stock Exchange Release 24 January 2008, 09:30 am Sponda Plc reduces holding below 50 % in Ovenia Oy Real estate investment company Sponda has reduced its holding in Ovenia Oy, which provides property management services, from 70 per cent to 45 per cent. The transactions took place at the end of 2007 and today, 24 January 2008. Sponda sold shares to Ilmarinen's Suomi-rahasto I Ky private equity fund administered by OKO Venture Capital Oy and to some of the company's operative management. The company's ownership base is being expanded to reinforce the growth and development of Ovenia's business operations. The current owners of Ovenia are Sponda Plc, Varma Mutual Pension Insurance Company, Sampo plc, Sampo Life Insurance Company Limited, Ilmarinen's Suomi-rahasto I Ky and some of the company's operative management. Sponda Plc Further information: President and CEO Kari Inkinen, tel. +358 20 431 3311. 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 2.4 billion euros and the leasable area is around 1.3 million m². Ovenia Oy Ovenia Oy provides property management services. The company has focused on operative property portfolio management: property management services (maintenance management), finance management and leasing services. Ovenia administers property portfolios with 5.5 million square metres of property throughout the country. The company had a net turnover in 2006 of some EUR 8 million. Ovenia employs about 90 people and has offices in Helsinki, Lahti, Turku, Tampere, Jyväskylä, Vaasa, Kuopio and Oulu. www.ovenia.fi