Stock Exchange Releases

JYVÄSKYLÄ CITY COUNCIL APPROVES SALE OF MINORITY HOLDING IN JYVÄSKYLÄ SCIENCE

Published: 2006-06-06 07:00:00 CEST
Technopolis Oyj – Company Announcement

JYVÄSKYLÄ CITY COUNCIL APPROVES SALE OF MINORITY HOLDING IN JYVÄSKYLÄ SCIENCE

TECHNOPOLIS PLC    STOCK EXCHANGE RELEASE 6.6.2006 at 8.00 a.m.


JYVÄSKYLÄ CITY COUNCIL APPROVES SALE OF MINORITY HOLDING IN
JYVÄSKYLÄ SCIENCE PARK TO TECHNOPOLIS

At its meeting of June 5, 2006, the Jyväskylä City Council
approved the share transaction outlined in the preliminary
agreement signed on May 18, 2006, according to which the City of
Jyväskylä will sell 485 shares in Jyväskylä Science Park to
Technopolis Plc for approximately EUR 6.2 million. The final price
will be set on the basis of the net debt position on the
transaction date. The shares represent 34.13 % of Jyväskylä
Science Park's entire stock. At its earlier meeting on May 22,
2006, the Jyväskylä City Board approved the preliminary agreement
on the share transaction.

In accordance with the preliminary agreement, the acquisition of
the City of Jyväskylä's minority holding is also dependent on
Technopolis gaining no less than over 50 % of the total shares and
votes in Jyväskylä Science Park by acquiring the shares of other
shareholders, too. The number of sales decisions and commitments
received to date corresponds to 52.57 % of the total shares and
votes in Jyväskylä Science Park.

Closure of the transaction is also dependent on the due diligence
process carried out and ordered by Technopolis revealing no
significant factors that would prevent the transaction from taking
place.


Oulu, June 6, 2006

TECHNOPOLIS PLC



Pertti Huuskonen
President and CEO

For further information, please contact:
Pertti Huuskonen, tel. +358 400 680 816

Distribution:
Helsinki Stock Exchange
Main news media
www.technopolis.fi