Stock Exchange Releases

TECHNOPOLIS BOARD OF DIRECTORS DECIDES ON A RIGHTS ISSUE

Technopolis - Company Announcement 
TECHNOPOLIS PLC     STOCK EXCHANGE RELEASE       APRIL 28, 2008 at 9.30 a.m.

NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA


TECHNOPOLIS BOARD OF DIRECTORS DECIDES ON A RIGHTS ISSUE 

Decision on a rights issue

The Board of Directors of Technopolis has yesterday decided on a rights issue
amounting to approximately EUR 59.55 million (the “Offering”) based on the
authorizations granted by the Annual General Meeting on 27 March 2008 and the
Extraordinary General Meeting on 29 November 2007. Technopolis will offer a
maximum of 13,233,540 new shares in accordance with shareholders' pre-emptive
subscription right. The shares to be issued in the Offering represent a maximum
of approximately 30.0 per cent of the total shares and the voting rights in the
company prior to the Offering and approximately 23.1 per cent of the total
shares and the voting rights in the company after the Offering. The shares to
be offered in the Offering will be issued primarily based on the authorization
of the Annual General Meeting on 27 March 2008 and, as regards the shares to be
offered exceeding the maximum amount of that authorization, such remaining
shares will be issued based on the authorization of the Extraordinary General
Meeting on 29 November 2007. 

The share subscription period will commence on 7 May 2008 and expire on 20 May
2008. The subscription price is EUR 4.50 per share. Each shareholder of
Technopolis is entitled to subscribe for three (3) new shares for every ten
(10) shares held on the record date, 2 May 2008. The subscription rights are
subject to public trading on the OMX Nordic Exchange Helsinki from 7 May 2008
through 13 May 2008. Evli Bank Plc, Corporate Finance will act as the Lead
Manager of the Offering. 

The Company's major shareholders ABN AMRO Asset Management (Netherlands) B.V.,
Gazit-Globe Ltd., Henderson Global Investors Limited, the City of Oulu and the
City of Tampere have provided subscription undertakings relating to the
Offering. Further, company's President and CEO Pertti Huuskonen and the members
of the company's Board of Directors holding the company's shares have informed
the company that they will subscribe for the new shares in the Offering
determined based on their holding. In addition, Henderson Global Investors
Limited and Gazit-Globe Ltd. have provided underwriting undertakings to the
company relating to 1,000,000 and 1,500,000 shares. The subscription and
underwriting undertakings represent approximately 48.3 per cent of the total
volume of the Offering. 

The shares subscribed for in the Offering will entitle their holders to full
dividends declared by Technopolis, if any, and to other shareholder rights in
the company after the new shares have been registered with the Trade Register. 

Technopolis intends to expand the group's business both by organic investments
and through acquisitions. The target is to boost the group's turnover by 15 per
cent per year, and the group's goal is to operate in one or two other countries
in addition to Finland and Russia in 2011. Technopolis's intention is to focus
its investments in growing markets. It is intended to ensure the implementation
of the growth strategy by utilising both equity and debt financing to secure a
flexible and efficient financing structure. 

Technopolis's proceeds from the Offering are intended to be used for financing
investments in accordance with the company's investment plan, for ensuring the
group's growth and for maintaining the group's equity ratio. 

The offering note and summary relating to the Offering is expected to be
available as of 5 May 2008 for example at the offices of the company at
Technopolis Plc, Elektroniikkatie 8, 90570 Oulu, Finland. In addition, the
registration document describing the company and its business has been
available as of 17 April 2008 inter alia at the above mentioned company's
address. Further information on the publication and availability of the above
documents will be published in a stock exchange release on or about 5 May 2008. 

Amendments to terms and conditions of stock options

The company's stock options 2005 and 2007 do not entitle to participate in the
Offering. For ensuring the equal treatment of stock option holders and
shareholders, the Board of Directors of Technopolis has yesterday decided to
amend the subscription ratio and the subscription price of the stock options
2005 and 2007 so that each stock option 2005 and 2007 entitles its holder to
subscribe for 1.043 shares and that the subscription price per share is, taking
into account the dividends paid during the years 2006-2008, for 2005A options
EUR 3.536, for 2005B options EUR 6.188 and for 2007A options EUR 7.389.
Corresponding adjustments will be made regarding the subscription ratio and
subscription price of 2007B options after their subscription price has been
determined. 

In connection with the share subscription the total amount of shares subscribed
by a holder of stock options will be rounded down to whole shares and the total
subscription price will be calculated by using the rounded number of shares and
rounded to the nearest whole cent. The subscription price of the shares to be
subscribed based on the stock options will be further decreased by the amount
of dividends decided after the beginning of the determination period of the
subscription price and before the share subscription on each record date of
dividend. 

The foregoing amendments to the terms and conditions of the stock options will
be in force as of their registration in the Trade Register on or about 26 May
2008 provided that the Offering will be completed as planned. 

Oulu, April 28, 2008

TECHNOPOLIS PLC
Board of Directors

ANNEX: Terms and conditions of the offering

Further information:
CFO Jarkko Ojala, tel. +358 40 744 7344 or +358 8 551 3211 and Vice President,
Other Finland, Reijo Tauriainen, tel. +358 40 515 9848 

Distribution:
OMX Nordic Exchange Helsinki
Main news media
www.technopolis.fi

This release is not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States absent registration
under the U.S. Securities Act of 1933, as amended, or an exemption from
registration. Any public offering of securities to be made in the United States
will be made by means of a prospectus that may be obtained from the issuer and
that will contain detailed information about the company and management, as
well as financial statements. The issuer does not intend to conduct a public
offering in the United States or register any part of the offering in the
United States. Copies of this release are not being made and may not be
distributed or sent into the United States, Canada, Japan or Australia. 


ANNEX: TERMS AND CONDITIONS OF THE OFFERING

TERMS AND CONDITIONS OF THE OFFERING

On 27 March 2008, the Annual General Meeting of Technopolis Plc (“Technopolis”
or “the Company”) resolved to authorize the Company's Board of Directors to
decide on a share issue by 31 May 2009. The maximum number of shares to be
issued may be 8,000,000 in total. In addition, on 29 November 2007 the
Company's Extraordinary General Meeting resolved to authorize the Company's
Board of Directors to decide on a share issue by 31 December 2010. The maximum
number of shares to be issued may be 13,000,000 in total. 

On 27 April 2008, the Board of Directors of the Company resolved, based on the
above authorizations of the General Meetings, to issue a maximum of 13,233,540
new shares (the “Shares”) through a share issue based on the pre-emptive
subscription right of shareholders (the “Offering”) as set forth in these terms
and conditions of the Offering. The Shares to be offered in the Offering will
be issued primarily based on the authorization of the Annual General Meeting of
27 March 2008 and, to the extent the Shares to be offered exceed the maximum
amount of that authorization, such remaining shares will be issued based on the
authorization of the Extraordinary General Meeting of 29 November 2007. 

The Shares to be issued in the Offering represent approximately 30.0 per cent
of the total shares and voting rights in the Company before the Offering and
approximately 23.1 per cent of the total shares and voting rights in the
Company after the Offering. 

Right to Subscribe 

Primary Subscription Right

The Shares will be offered for subscription by the shareholders of the Company
in proportion to their shareholding in the Company. 

A shareholder who is registered in the Company's shareholders' register
maintained by the Finnish Central Securities Depository Ltd. on the record date
of 2 May 2008 of the Offering (the “Record Date”), will automatically receive
one (1) freely transferable subscription right as a book-entry (ISIN
FI0009503049) (the “Subscription Right”) for every one (1) share owned on the
Record Date (the “Primary Subscription Right”). 

A shareholder, or a person or an entity to whom such Primary Subscription
Rights have been transferred, is entitled to subscribe for three (3) Shares for
every ten (10) Primary Subscription Rights. No fractions of Shares will be
allotted. 

Secondary Subscription 

Further, a shareholder who is registered in the Company's shareholders'
register on the Record Date and who has exercised his or her Primary
Subscription Right is entitled to subscribe for Shares not subscribed for by
virtue of the Primary Subscription Right (the “Secondary Subscription”). 

Subscription and Underwriting Undertakings

The Company's major shareholders ABN AMRO Asset Management (Netherlands) B.V.,
Gazit-Globe Ltd., Henderson Global Investors Limited, the City of Oulu and the
City of Tampere have provided subscription undertakings according to which
these investors subscribe for Shares in the Offering as follows: ABN AMRO Asset
Management (Netherlands) B.V. 720,000 Shares, Gazit-Globe Ltd. 1,158,033
Shares, Henderson Global Investors Limited 848,850 Shares, the City of Oulu
706,827 Shares and the City of Tampere 451,533 Shares (the foregoing in total
3,885,243 Shares). Further, the Company's President and CEO Pertti Huuskonen
and the members of the Company's Board of Directors holding the Company's
shares have informed the Company that they will subscribe for the new Shares in
the Offering determined based on their own holdings. 

In addition, the Company's shareholders Henderson Global Investors Limited and
Gazit-Globe Ltd. have provided underwriting undertakings to the Company
according to which they subscribe for Shares possibly not subscribed for in the
Offering based on the Primary Subscription Rights and Secondary Subscription on
certain conditions. Henderson Global Investors Limited has undertaken to
underwrite 1,000,000 shares and Gazit-Globe Ltd. 1,500,000 shares. The Company
has committed to pay a fee of approximately EUR 170,000 for the underwriting
undertakings. The Company's Board of Directors may decide to direct the Shares
possibly not subscribed for in the Offering based on the Primary Subscription
Rights and Secondary Subscription to the above mentioned underwriters for
subscription. 

The execution of the subscription undertakings and underwriting undertakings is
subject to certain customary conditions, including the condition that no
material adverse change has occurred in the Company's financial standing. The
subscription and underwriting undertakings represent approximately 48.3 per
cent of the total volume of the Offering. The subscription undertakings and/or
underwriting undertakings provided by Gazit-Globe Ltd., Henderson Global
Investors Limited, ABN AMRO Asset Management (Netherlands) B.V. and the City of
Oulu each represent over five (5) per cent of the maximum number of Shares to
be offered in the Offering. 

Subscription Price

The Shares may be subscribed for in the Offering at the subscription price of
EUR 4.50 per Share (the “Subscription Price”). EUR 1.69 of the Subscription
Price will be recorded under the share capital and the remainder under the
invested unrestricted equity fund. The Share Subscription Price has been set
such that it includes a discount of approximately 17.7 per cent compared to the
closing price of the shares on the trading day preceding the day of the
decision on the Offering. 

Subscription Period

The Subscription Period will commence on 7 May 2008 at 9.30 a.m. Finnish time
and expire on 20 May 2008 at 4.00 p.m. Finnish time. 

The Shares that have not been subscribed for by virtue of the Primary
Subscription Right and Secondary Subscription and that the Board of Directors
offers for subscription to the above mentioned underwriters, must be subscribed
for in accordance with the instructions given by the Board of Directors,
however, on 21 May 2008 at the latest. The Board of Directors may interrupt
such period before 21 May 2008. 

Place of Subscription

Subscription forms must be submitted to Evli Bank Plc in address Evli Bank
Plc/Special Services, P.O.Box 1081, FI-00101 Helsinki, Finland. In addition,
subscriptions may be submitted to the account operators and custodians who have
an agreement with Evli Bank Plc on the receipt of subscriptions and who accept
subscription orders during normal business hours. Account operators and
custodians may ask their customers to submit their subscriptions at an earlier
date than the date of expiration of the Subscription Period. Subscriptions made
in the Secondary Subscription can be submitted only to Evli Bank Plc in address
Evli Bank Plc/Special Services, P.O.Box 1081, FI-00101 Helsinki, Finland. 

Subscription for Shares and Payments

A holder of the Subscription Rights may participate in the Offering by
subscribing for Shares pursuant to the Subscription Rights registered on his or
her book-entry account and by paying the Subscription Price. Each ten (10)
Subscription Rights entitle their holder to subscribe for three (3) Shares.
Fractional Shares cannot be subscribed. In order to participate in the
Offering, a holder of the Subscription Rights must submit a subscription
assignment in accordance with the instructions given by his or her own account
operator, or if a holder of the Subscription Rights has not received
instructions for subscription from his or her account operator, he or she must
contact a subscription place. The Subscription Price of the Shares subscribed
for in the Offering shall be paid in full at the time of submitting the
subscription assignment in accordance with the instructions given by the
subscription place or the relevant account operator. 

Shareholders and other investors participating in the Offering whose shares or
Subscription Rights are held through a nominee must submit their subscription
assignments in accordance with the instructions given by their custodial
nominee account holders. 

Any exercise of the Primary Subscription Right and the Secondary Subscription
is irrevocable and may not be modified or cancelled otherwise than as stated in
section “Cancellation of Subscriptions under Certain Circumstances” in these
terms and conditions. 

Any Subscription Rights remaining unexercised at the end of the Subscription
Period on 20 May 2008 will expire without any compensation. 

Cancellation of Subscriptions under Certain Circumstances

In accordance with the Finnish Securities Market Act, if the prospectus
relating to the Offering is supplemented between the time the prospectus was
approved by the Finnish Financial Supervision Authority and the time when
trading in the Shares begins due to a material mistake or inaccuracy relating
to the information in the prospectus which could be of material relevance to
the investor, then investors who have already agreed to subscribe for Shares
before the supplement is published, shall have the right to withdraw their
subscription. The investors have a right to withdraw their subscription within
two (2) banking days or within a longer period determined by the Finnish
Financial Supervision Authority for special reasons, however, at the latest
four (4) banking days after the supplement has been published. The procedure
for such withdrawal right will be announced together with any such supplement
to the prospectus through a stock exchange release. 

Public Trading of the Subscription Rights

The Subscription Rights will be publicly traded on the Helsinki Stock Exchange
between 7 May 2008 and 13 May 2008. 

Approval of the Subscriptions 

The Board of Directors of the Company will approve all subscriptions pursuant
to the Primary Subscription Right made in accordance with these terms and
conditions of the Offering and applicable laws and regulations. 

In case of over-subscription by virtue of Secondary Subscription, the
subscriptions made by the Company's shareholders will be approved in proportion
to their shareholdings on the Record Date, but not more than up to the maximum
number of the subscription undertaking. Should the shareholder not receive all
Shares subscribed for by virtue of the Secondary Subscription, the subscription
price for the Shares not received by the shareholder will be repaid to the bank
account informed by the shareholder in connection with the subscription on or
about 27 May 2008. No interest will be paid for the repayable funds. 

If all Shares are not subscribed for pursuant to the Primary Subscription Right
and Secondary Subscription and if the Board of Directors gives the unsubscribed
Shares for subscription to a party it decides, the Board of Directors may in
its sole discretion approve or refuse these subscriptions. 

The Company will publish the final result of the Offering in a stock exchange
release on or about 23 May 2008. 

Registration of the Shares to the Book-entry Accounts

The Shares subscribed for in the Offering will be recorded on the subscriber's
book-entry account after the registration of the subscription as interim shares
(ISIN Code FI0009015796), corresponding to the new Shares. The interim shares
are combined with the existing share class of the Company (ISIN Code
FI0009006886) on or about 27 May 2008.  The Shares subscribed for and approved
by virtue of the Secondary Subscription and the underwriting undertaking will
be recorded on the subscriber's book-entry account after the registration of
new Shares with the Trade Register, on or about 26 May 2008. 

Shareholder Rights

The Shares will entitle their holders to full dividend declared by the Company,
if any, and to other shareholder rights in the Company after the new Shares
have been registered with the Trade Register, on or about 26 May 2008. 

Treatment of Holders of Stock Options

According to the terms and conditions of Stock Options approved by the
Company's Annual General Meetings of 22 March 2005 and 29 March 2007, if the
Company increases its share capital based on pre-emptive subscription right of
shareholders before the stock option holder has subscribed for the Company's
shares, the stock options holders have the same or equal right as the Company's
shareholders have. To ensure the equal treatment of stock option holders and
shareholders, the Board of Directors has on 27 April 2008 decided to amend the
terms of subscription and the subscription price of the Stock Options 2005 and
2007 due to the Offering so that each Stock Option 2005 and 2007 entitles its
holder to subscribe for 1.043 shares and that the subscription price per share
is, taking into account the dividends paid during the years 2006-2008, for
2005A options EUR 3.536, for 2005B options EUR 6.188 and for 2007A options EUR
7.389. The amendments to the terms and conditions of the stock options will be
in force as of their registration in the Trade Register on or about 26 May 2008
provided that the Offering will be completed as planned. Therefore, the Stock
Options 2005 and 2007 do not entitle to participate in the Offering. For
further information regarding the terms and conditions of Stock Options, see
“Shares and Share Capital” in the Registration Document published by the
Company on 17 April 2008. 

Information

Documents mentioned in Chapter 5, Section 21 of the Finnish Companies Act are
available for review as of the start of the Subscription Period at the head
office of the Company, Elektroniikkatie 8, FI-90570 Oulu, Finland. 

Applicable Law and Dispute Resolution

The Offering and the Shares shall be governed by the laws of Finland. Any
disputes arising in connection with the Offering shall be settled by the court
of jurisdiction in Finland. 

Other Issues

Other issues and practical matters relating to the Offering will be resolved by
the Board of Directors of the Company.