SPONDA SELLS ALL ITS WERELDHAVE SHARES


Sponda obtained 1 935 000 Wereldhave shares on 21 January 2002 in conjunction with the sale of the Itäkeskus Shopping Mall to Wereldhave, and received a dividend on these shares of approximately EUR 8 million on 9 April 2002.

Sponda is the largest real estate investment company in Finland specializing in business premises. The market capitalization of its property portfolio, the bulk of which is in the Helsinki metropolitan area, amounts to approximately EUR 1.1 billion.