16-11-2006 - 12:10

SDA:SPONDA WINS CONTRACT TO BUILD GATEHOUSE COMPLEX AT VUOSAARI HARB

Sponda Plc Stock exchange release 16 November 2006 at 1.10 pm

SPONDA WINS CONTRACT TO BUILD GATEHOUSE COMPLEX AT VUOSAARI HARBOUR

Sponda Plc and the Port of Helsinki have today, 16 November 2006, signed a

contract under which Sponda will be responsible for building the gatehouse,

parking facilities and passenger terminal at Vuosaari Harbour. The development

project will be carried out in two phases, with the total investment for the

first phase amounting to some EUR 34 million and for the second EUR 8 million.

The investments will start in the spring of 2007. More details of the project

were given in the release published by the company on 2 August 2006.

Sponda Plc

For further details please contact:

Kari Inkinen, President and CEO, tel. +358 9 6805 8202, mobile +358 400 402 653

and Joni Mikkola, Senior Vice President, Property Development, tel. +358 9 6805

8424, mobile +358 40 518 1217.

Sponda Plc is a real estate company specializing in commercial properties in

Helsinki metropolitan area. Sponda's business concept is to own and develop

office, retail and logistics properties into environments that promote the

business success to its clients. The market value of Sponda's investment

properties is approximately 1.37 billion euros and the lettable area is 890 000

m². Sponda is the largest investment company listed on the Helsinki Stock

Exchange.

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Sponda PLC
Nasdaq OMX Helsinki
2.68 -1.8% Stock price decreasing

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