Sponda Plc Stock Exchange Release 22 December 2008 at 14.45 Sponda sold land in Jokiniemi, Vantaa for MEUR 15 Real estate investor Sponda Plc sold two plots of land in Jokiniemi, Vantaa designated for housing production to VVO-group plc for EUR 15 million. The plots, located on Tikkurilantie road, have altogether residential building rights of 40,000 square metres. Sponda is recording a capital gain of EUR 12 million on the sale. In this transaction Sponda is selling land designated for housing production that is not in line with the company's strategy. As stated in the company's strategy, Sponda focuses on owning office, retail and logistics properties. Sponda Plc Further information: Kari Inkinen, President and CEO, tel. +358 400 402 653 Sponda Plc is a property investment 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 2.9 billion euros and the leasable area is around 1.4 million m².