The company signs agreement to lease premises at Stockmann's Nevsky Centre Technopolis Plc will expand its operations in St. Petersburg and offer companies high-class operating environments in the city's downtown area. Technopolis has signed an agreement with Stockmann plc to lease approximately 4,300 square meters of office premises in the Nevsky Shopping Centre, due to be completed in the spring of 2009, for the purpose of subletting them to its customer companies. The Stockmann-developed Nevsky Centre, which will have about 50,000 square meters of commercial premises, is under construction in Nevski Prospekt, St. Petersburg's main street, right in the downtown area. The location is excellent for those Technopolis customers who need to be in the city center. Pertti Huuskonen, President and CEO of Technopolis, underlines that the Nevsky Centre project will offer Technopolis customers a great opportunity to gain a foothold in a top-quality operating environment. “This also serves to combine two well-known Finnish brands in a way that is extremely beneficial for both," he points out. St. Petersburg's fast growing economy and high level of technological expertise are attracting plenty of Finnish and international companies to the area. This is creating a demand for the operating environments provided by Technopolis, supported by the business and development services that are part of the company's advanced technology park concept. Jussi Kuutsa, Stockmann's Director of International Operations, considers the collaboration now agreed between the two Finnish companies to be groundbreaking. The Nevsky Centre will offer Technopolis customers a unique operating environment, and Kuutsa also believes that the collaboration with Technopolis will create added value for the property. Technopolis has already commenced operations in leased premises in St. Petersburg, close to the Pulkovo Airport. In the same area the company is planning the development of the Pulkovo technology park. For this purpose, it has acquired a 4.6 hectare plot, for which it has created a land use plan. The company expects that, by the end of this year, it will have received a building permit allowing it to initiate the first stage. When completed, the technology park is estimated to be 50,000 square meters. The size of the first construction stage will be 15,000 square meters. For additional information, please contact: Technopolis, Pertti Huuskonen, President and CEO, tel. +358 400 680 816 Stockmann, Jussi Kuutsa, Director of International Operations, tel. +358 9 121 5268 In terms of the number of clients, Technopolis Plc is one of Europe's largest technology centers. It is also Finland's largest company that specializes in providing operating environments for high tech companies and offers a comprehensive service package combining modern premises and business and development services. Technopolis operates in Espoo, Jyväskylä, Lappeenranta, Oulu, Tampere and Vantaa in Finland and in St. Petersburg in Russia. Some 12,000 people from about 930 companies are currently working in its technology centers. The company's shares are quoted on the mid-cap list of the Nordic Exchange.